First Philippine HoldingsPHS:FPH 65 Debt-to-EBITDA is 2.92 as of Mar. 2026, which is 14% below its 10-year median of 3.38. GuruFocus rates PHS:FPH with a GF Score™ of 65/100 and a GF Value™ of ₱58.15 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 449 Utilities - Regulated companies, First Philippine Holdings ranks better than 51.89% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for First Philippine Holdings's Debt-to-EBITDA or its related term are showing as below:
PHS:FPH'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.62 Med: 3.38 Max: 4.89
Current: 3.81
During the past 13 years, the highest Debt-to-EBITDA Ratio of First Philippine Holdings was 4.89. The lowest was 2.62. And the median was 3.38.
PHS:FPH's Debt-to-EBITDA is ranked better than 51.89% of 449
companies
in the Utilities - Regulated industry
Industry Median: 3.97
vs PHS:FPH: 3.81
First Philippine Holdings (PHS:FPH) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
First Philippine Holdings Debt-to-EBITDA Related Terms
First Philippine Holdings Debt-to-EBITDA Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PHS:FPH vs NEE, SO, DUK: Debt-to-EBITDA Comparison
For the Utilities - Regulated Electric subindustry, First Philippine Holdings's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
First Philippine Holdings Debt-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, First Philippine Holdings's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where First Philippine Holdings's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
First Philippine Holdings (PHS:FPH) has a Debt-to-EBITDA of 2.92 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on First Philippine Holdings. This is 14% below median its historical median of 3.38. Over the past decade, First Philippine Holdings' Debt-to-EBITDA has ranged from 2.62 to 4.89. According to the industry distribution chart, First Philippine Holdings ranks #216 out of 449 companies in the Utilities - Regulated industry, placing it in the top 48.1%.
Is First Philippine Holdings' Debt-to-EBITDA too high?
First Philippine Holdings' current Debt-to-EBITDA of 2.92 is 14% below median its 10-year median of 3.38. Over the past 10 years, this metric has ranged from a low of 2.62 to a high of 4.89. The Utilities - Regulated industry median Debt-to-EBITDA is 3.97. First Philippine Holdings' value of 2.92 is 26.4% below this industry median. Based on the distribution chart, First Philippine Holdings ranks #216 out of 449 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, First Philippine Holdings has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Philippine Holdings' Debt-to-EBITDA compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, First Philippine Holdings ranks #216 out of 449 companies for Debt-to-EBITDA. This puts First Philippine Holdings in the upper half of its industry. The industry median Debt-to-EBITDA is 3.97. First Philippine Holdings' value of 2.92 is 26.4% below this benchmark. Historically, First Philippine Holdings' own Debt-to-EBITDA has ranged from 2.62 to 4.89 over the past decade. While the company's 10-year median is 3.38 vs. the industry median of 3.97, First Philippine Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Utilities - Regulated company?
The median Debt-to-EBITDA among Utilities - Regulated companies is 3.97, based on 449 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Philippine Holdings's current Debt-to-EBITDA of 2.92 is 26.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on First Philippine Holdings. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Philippine Holdings's current Debt-to-EBITDA is 2.92, which is 14% below median its own 10-year median of 3.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Philippine Holdings stock overvalued right now?
Based on GuruFocus' analysis, First Philippine Holdings (PHS:FPH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱58.15, compared to a current price of ₱79.50 — trading 36.7% above its estimated fair value. The current Debt-to-EBITDA is 2.92, which is 14% below median its 10-year median of 3.38 and 26.4% below the Utilities - Regulated industry median of 3.97. First Philippine Holdings' overall GF Score™ is 65/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For First Philippine Holdings (PHS:FPH), the current Debt-to-EBITDA is 2.92 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Philippine Holdings (PHS:FPH) Overvalued in 2026?
Based on GuruFocus' analysis, First Philippine Holdings stock appears to be overvalued.
The current stock price of ₱79.50 is trading 36.7% above its estimated GF Value™ of ₱58.15.
GuruFocus considers First Philippine Holdings to be Significantly Overvalued.
Key valuation signals for PHS:FPH:
Debt-to-EBITDA: 2.92 (14% below median its 10-year median of 3.38)
GF Value™: ₱58.15 vs. price of ₱79.50 (36.7% above fair value)
Industry Position: 26.4% below the Utilities - Regulated median (#216 of 449)
No single metric tells the full story. See the PHS:FPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Philippine Holdings Corporation are engaged mainly in, but not limited to, power generation, real estate development, energy solutions, construction and other service industries. The company's segments its activities into Power Generation, Real Estate Development, Energy Solutions, Construction, and other services. The majority of revenue comes from Power Generation segment. The Power generation has one geographical segment. Real Estate Development has presence in National Capital Region, Central Luzon, Southern Luzon, Central Visayas, Western Visayas of which majority of revenue comes from National capital region.
65GF Score
Get the complete analysis for PHS:FPH
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PHS:FPH has been successfully added to your 
