Manila Water CoPHS:MWC +1.16%93 Debt-to-EBITDA is 4.54 as of Mar. 2026, which is 2% above its 10-year median of 4.44. GuruFocus rates PHS:MWC with a GF Score™ of 93/100 and a GF Value™ of ₱36.24 (Fairly Valued). The stock has 4 warning signs investors should review. Among 447 Utilities - Regulated companies, Manila Water Co ranks worse than 63.98% 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 Manila Water Co's Debt-to-EBITDA or its related term are showing as below:
PHS:MWC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.28 Med: 4.44 Max: 6.51
Current: 5.11
During the past 13 years, the highest Debt-to-EBITDA Ratio of Manila Water Co was 6.51. The lowest was 2.28. And the median was 4.44.
PHS:MWC's Debt-to-EBITDA is ranked worse than 63.98% of 447
companies
in the Utilities - Regulated industry
Industry Median: 4.01
vs PHS:MWC: 5.11
Manila Water Co (PHS:MWC) 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.
Manila Water Co Debt-to-EBITDA Related Terms
Manila Water Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Manila Water Co's Debt-to-EBITDA can be seen below:
* 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:MWC vs AWK, WTRG, AWR: Debt-to-EBITDA Comparison
For the Utilities - Regulated Water subindustry, Manila Water Co'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.
Manila Water Co Debt-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Manila Water Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Manila Water Co'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.
Manila Water Co (PHS:MWC) has a Debt-to-EBITDA of 4.54 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 Manila Water Co. This is near median its historical median of 4.44. Over the past decade, Manila Water Co's Debt-to-EBITDA has ranged from 2.28 to 6.51. According to the industry distribution chart, Manila Water Co ranks #286 out of 447 companies in the Utilities - Regulated industry, placing it in the top 64%.
Is Manila Water Co's Debt-to-EBITDA too high?
Manila Water Co's current Debt-to-EBITDA of 4.54 is near median its 10-year median of 4.44. Over the past 10 years, this metric has ranged from a low of 2.28 to a high of 6.51. The Utilities - Regulated industry median Debt-to-EBITDA is 4.01. Manila Water Co's value of 4.54 is 13.2% above this industry median. Based on the distribution chart, Manila Water Co ranks #286 out of 447 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Manila Water Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Water Co's Debt-to-EBITDA compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Manila Water Co ranks #286 out of 447 companies for Debt-to-EBITDA. This places Manila Water Co in the lower half of its industry. The industry median Debt-to-EBITDA is 4.01. Manila Water Co's value of 4.54 is 13.2% above this benchmark. Historically, Manila Water Co's own Debt-to-EBITDA has ranged from 2.28 to 6.51 over the past decade. While the company's 10-year median is 4.44 vs. the industry median of 4.01, Manila Water Co has consistently been above 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 4.01, based on 447 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. Manila Water Co's current Debt-to-EBITDA of 4.54 is 13.2% above 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 Manila Water Co. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 4.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Water Co's current Debt-to-EBITDA is 4.54, which is near median its own 10-year median of 4.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manila Water Co stock overvalued right now?
Based on GuruFocus' analysis, Manila Water Co (PHS:MWC) is currently considered Fairly Valued. The stock's GF Value™ is ₱36.24, compared to a current price of ₱34.75 — trading 4.1% below its estimated fair value. The current Debt-to-EBITDA is 4.54, which is near median its 10-year median of 4.44 and 13.2% above the Utilities - Regulated industry median of 4.01. Manila Water Co's overall GF Score™ is 93/100 with 4 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 Manila Water Co (PHS:MWC), the current Debt-to-EBITDA is 4.54 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 Manila Water Co (PHS:MWC) Overvalued in 2026?
Based on GuruFocus' analysis, Manila Water Co stock appears to be undervalued.
The current stock price of ₱34.75 is trading 4.1% below its estimated GF Value™ of ₱36.24.
GuruFocus considers Manila Water Co to be Fairly Valued.
Key valuation signals for PHS:MWC:
Debt-to-EBITDA: 4.54 (near median its 10-year median of 4.44)
GF Value™: ₱36.24 vs. price of ₱34.75 (4.1% below fair value)
Industry Position: 13.2% above the Utilities - Regulated median (#286 of 447)
No single metric tells the full story. See the PHS:MWC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manila Water Co Inc holds the exclusive right to provide water and used water services in the East Zone of Metro Manila under a concession agreement with the Metropolitan Waterworks and Sewerage System. The company delivers water treatment, distribution, sewerage, and sanitation services to a large population across residential, commercial, and industrial customers. Its service area covers several cities and municipalities in Metro Manila and nearby parts of Rizal, including urban centers such as Makati, Pasig, Quezon City, Taguig, and Marikina, along with surrounding towns.
93GF Score
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