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Manila Electric CoPHS:MER +0.50%93 3-Year Dividend Growth Rate is 16.10% as of Jun. 2026, which is 11% above its 10-year median of 14.50. GuruFocus rates PHS:MER with a GF Score™ of 93/100 and a GF Value™ of ₱561.80 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 308 Utilities - Regulated companies, Manila Electric Co ranks better than 76.3% on this metric.
The historical rank and industry rank for Manila Electric Co's 3-Year Dividend Growth Rate or its related term are showing as below:
PHS:MER'
s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -23.4 Med: 14.5 Max: 97.2
Current: 16.1
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Manila Electric Co was 97.20% per year. The lowest was -23.40% per year. And the median was 14.50% per year.
PHS:MER's 3-Year Dividend Growth Rate is ranked better than 76.3% of 308
companies
in the Utilities - Regulated industry
Industry Median: 5.55
vs PHS:MER: 16.10
During the past 12 months, Manila Electric Co's average Dividends Per Share Growth Rate was 16.50% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 16.10% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 20.20% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 12.50% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
During the past 13 years, the highest Dividend Payout Ratio of Manila Electric Co was 0.68. The lowest was 0.46. And the median was 0.54.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Manila Electric Co Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
PHP 16.672000
2026-03-25
2026-03-26
2026-04-20
Cash Dividend
semi-annually
PHP:PHP 1.000000
PHP 11.328000
2025-08-26
2025-08-27
2025-09-22
Cash Dividend
semi-annually
PHP:PHP 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Manila Electric Co's Dividend Yield (%) for Today is calculated as
Current Share Price is ₱502.50.
Manila Electric Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is ₱28.
During the past 13 years, the highest Dividend Yield of Manila Electric Co was 6.10%. The lowest was 2.36%. And the median was 4.20%.
Good Sign:
Manila Electric Co stock Dividend Yield % is close to 10-year high.
* 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 Electric Co 3-Year Dividend Growth Rate Related Terms>
PHS:MER vs NEE, SO, DUK: 3-Year Dividend Growth Rate Comparison
For the Utilities - Regulated Electric subindustry, Manila Electric Co's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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 Electric Co 3-Year Dividend Growth Rate vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's 3-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where Manila Electric Co's 3-Year Dividend Growth Rate falls into.
Manila Electric Co 3-Year Dividend Growth Rate Calculation
This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Dividend Growth Rate of 16.10% mean?
Manila Electric Co (PHS:MER) has a 3-Year Dividend Growth Rate of 16.10% as of Jun. 2026. 3-Year Dividend Growth Rate is the company's three-year average growth of dividend payout. View historical data on Manila Electric Co and its competitors. This is 11% above median its historical median of 14.50. According to the industry distribution chart, Manila Electric Co ranks #73 out of 308 companies in the Utilities - Regulated industry, placing it in the top 23.7%.
Is Manila Electric Co's 3-Year Dividend Growth Rate too high?
Manila Electric Co's current 3-Year Dividend Growth Rate of 16.10% is 11% above median its 10-year median of 14.50. The Utilities - Regulated industry median 3-Year Dividend Growth Rate is 5.55. Manila Electric Co's value of 16.10% is 190.1% above this industry median. Based on the distribution chart, Manila Electric Co ranks #73 out of 308 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Manila Electric Co has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manila Electric Co's 3-Year Dividend Growth Rate compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Manila Electric Co ranks #73 out of 308 companies for 3-Year Dividend Growth Rate. This places Manila Electric Co in the top 24% of its industry — outperforming the majority of peers. The industry median 3-Year Dividend Growth Rate is 5.55. Manila Electric Co's value of 16.10% is 190.1% above this benchmark. While the company's 10-year median is 14.50 vs. the industry median of 5.55, Manila Electric 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 3-Year Dividend Growth Rate for an Utilities - Regulated company?
The median 3-Year Dividend Growth Rate among Utilities - Regulated companies is 5.55, based on 308 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year Dividend Growth Rate significantly above this median, while those in the bottom quartile fall well below. However, 3-Year Dividend Growth Rate should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manila Electric Co's current 3-Year Dividend Growth Rate of 16.10% is 190.1% 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 3-Year Dividend Growth Rate mean?
A high 3-Year Dividend Growth Rate can signal that a stock is expensive relative to its fundamentals. 3-Year Dividend Growth Rate is the company's three-year average growth of dividend payout. View historical data on Manila Electric Co and its competitors. For the Utilities - Regulated industry, the median 3-Year Dividend Growth Rate is 5.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Electric Co's current 3-Year Dividend Growth Rate is 16.10%, which is 11% above median its own 10-year median of 14.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manila Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Manila Electric Co (PHS:MER) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱561.80, compared to a current price of ₱502.50 — trading 10.6% below its estimated fair value. The current 3-Year Dividend Growth Rate is 16.10%, which is 11% above median its 10-year median of 14.50 and 190.1% above the Utilities - Regulated industry median of 5.55. Manila Electric Co's overall GF Score™ is 93/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Dividend Growth Rate calculated?
3-Year Dividend Growth Rate is calculated from a company's financial statements. For Manila Electric Co (PHS:MER), the current 3-Year Dividend Growth Rate is 16.10% as of Jun. 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 Electric Co (PHS:MER) Overvalued in 2026?
Based on GuruFocus' analysis, Manila Electric Co stock appears to be undervalued.
The current stock price of ₱502.50 is trading 10.6% below its estimated GF Value™ of ₱561.80.
GuruFocus considers Manila Electric Co to be Modestly Undervalued.
Key valuation signals for PHS:MER:
3-Year Dividend Growth Rate: 16.10% (11% above median its 10-year median of 14.50)
GF Value™: ₱561.80 vs. price of ₱502.50 (10.6% below fair value)
Industry Position: 190.1% above the Utilities - Regulated median (#73 of 308)
No single metric tells the full story. See the PHS:MER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manila Electric Co is an electric utility company operating in the Philippines. Along with its subsidiaries, it is mainly engaged in the distribution and sale of electric energy through the distribution network facilities in its franchise area. The company's market is categorized into four classes, namely, residential, commercial, industrial, and streetlights. Additionally, it is involved in certain unregulated activities, which consist of power generation; retail electricity supply (RES); energy infrastructure, payment fulfilment, bills collection, after-the-meter and energy management, telecommunications services, insurance and re-insurance, and other businesses. The group's reportable segments are: Power and Other Services. The majority of its revenue is derived from the Power segment.
93GF Score
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