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Manila Water CoPHS:MWC -0.43%95 Debt-to-Equity is 1.82 as of Mar. 2026, which is 69% above its 10-year median of 1.08. GuruFocus rates PHS:MWC with a GF Score™ of 95/100 and a GF Value™ of ₱36.34 (Fairly Valued). The stock has 4 warning signs investors should review. Among 473 Utilities - Regulated companies, Manila Water Co ranks worse than 80.13% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Manila Water Co's Debt-to-Equity or its related term are showing as below:
PHS:MWC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64 Med: 1.08 Max: 1.82
Current: 1.82
During the past 13 years, the highest Debt-to-Equity Ratio of Manila Water Co was 1.82. The lowest was 0.64. And the median was 1.08.
PHS:MWC's Debt-to-Equity is ranked worse than 80.13% of 473
companies
in the Utilities - Regulated industry
Industry Median: 0.99
vs PHS:MWC: 1.82
Manila Water Co (PHS:MWC) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Manila Water Co Debt-to-Equity Related Terms
Manila Water Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Manila Water Co's Debt-to-Equity 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-Equity Comparison
For the Utilities - Regulated Water subindustry, Manila Water Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Manila Water Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Manila Water Co's Debt-to-Equity 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.
Manila Water Co (PHS:MWC) has a Debt-to-Equity of 1.82 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Manila Water Co and its competitors. This is 69% above median its historical median of 1.08. Over the past decade, Manila Water Co's Debt-to-Equity has ranged from 0.64 to 1.82. According to the industry distribution chart, Manila Water Co ranks #379 out of 473 companies in the Utilities - Regulated industry, placing it in the top 80.1%.
Is Manila Water Co's Debt-to-Equity too high?
Manila Water Co's current Debt-to-Equity of 1.82 is 69% above median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 1.82. The Utilities - Regulated industry median Debt-to-Equity is 0.99. Manila Water Co's value of 1.82 is 83.8% above this industry median. Based on the distribution chart, Manila Water Co ranks #379 out of 473 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Manila Water Co has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Water Co's Debt-to-Equity compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Manila Water Co ranks #379 out of 473 companies for Debt-to-Equity. This places Manila Water Co in the lower half of its industry. The industry median Debt-to-Equity is 0.99. Manila Water Co's value of 1.82 is 83.8% above this benchmark. Historically, Manila Water Co's own Debt-to-Equity has ranged from 0.64 to 1.82 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 0.99, 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-Equity for an Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 0.99, based on 473 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manila Water Co's current Debt-to-Equity of 1.82 is 83.8% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Manila Water Co and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Water Co's current Debt-to-Equity is 1.82, which is 69% above median its own 10-year median of 1.08. 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 ₱36.34, compared to a current price of ₱34.85 — trading 4.1% below its estimated fair value. The current Debt-to-Equity is 1.82, which is 69% above median its 10-year median of 1.08 and 83.8% above the Utilities - Regulated industry median of 0.99. Manila Water Co's overall GF Score™ is 95/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Manila Water Co (PHS:MWC), the current Debt-to-Equity is 1.82 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 ₱34.85 is trading 4.1% below its estimated GF Value™ of ₱36.34.
GuruFocus considers Manila Water Co to be Fairly Valued.
Key valuation signals for PHS:MWC:
Debt-to-Equity: 1.82 (69% above median its 10-year median of 1.08)
GF Value™: ₱36.34 vs. price of ₱34.85 (4.1% below fair value)
Industry Position: 83.8% above the Utilities - Regulated median (#379 of 473)
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.
95GF Score
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