Manila Electric Co (FRA:A0X) E10: €0.78 (As of Mar. 2026)

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FRA:A0X Manila Electric Co FRA:A0X
94 GF Score
Price €14.30
GF Value €13.12
! 6 Warning Signs
View Full Analysis

What is Manila Electric Co E10?

Manila Electric Co FRA:A0X 94 E10 is €0.78 as of Mar. 2026. GuruFocus rates FRA:A0X with a GF Score™ of 94/100 and a GF Value™ of €13.12. The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Manila Electric Co's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.271. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.78 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Manila Electric Co's average E10 Growth Rate was 11.60% per year. During the past 3 years, the average E10 Growth Rate was 10.70% per year. During the past 5 years, the average E10 Growth Rate was 10.40% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Manila Electric Co was 10.70% per year. The lowest was 8.00% per year. And the median was 10.05% per year.

As of today (2026-07-16), Manila Electric Co's current stock price is €14.30. Manila Electric Co's E10 for the quarter that ended in Mar. 2026 was €0.78. Manila Electric Co's Shiller PE Ratio of today is 18.33.

During the past 13 years, the highest Shiller PE Ratio of Manila Electric Co was 26.28. The lowest was 11.66. And the median was 18.08.


Manila Electric Co  (FRA:A0X) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Manila Electric Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=14.30/0.78
=18.33

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Manila Electric Co was 26.28. The lowest was 11.66. And the median was 18.08.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Manila Electric Co E10 Related Terms


Manila Electric Co E10 Historical Data

* Premium members only.

The historical data trend for Manila Electric Co's E10 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.

Manila Electric Co E10 Chart

Manila Electric Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.70

Manila Electric Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.80 0.71 0.75 0.70 0.78

FRA:A0X vs NEE, SO, DUK: E10 Comparison

For the Utilities - Regulated Electric subindustry, Manila Electric Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Manila Electric Co's Shiller PE Ratio falls into.


FRA:A0X
94GF Score
Manila Electric Co FRA:A0X
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manila Electric Co E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Manila Electric Co's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.271/330.2130*330.2130
=0.271

Current CPI (Mar. 2026) = 330.2130.

Manila Electric Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.155 241.018 0.212
201609 0.122 241.428 0.167
201612 0.087 241.432 0.119
201703 0.120 243.801 0.163
201706 0.142 244.955 0.191
201709 0.136 246.819 0.182
201712 0.112 246.524 0.150
201803 0.133 249.554 0.176
201806 0.166 251.989 0.218
201809 0.156 252.439 0.204
201812 0.120 251.233 0.158
201903 0.142 254.202 0.184
201906 0.158 256.143 0.204
201909 0.158 256.759 0.203
201912 0.124 256.974 0.159
202003 0.065 258.115 0.083
202006 0.106 257.797 0.136
202009 0.110 260.280 0.140
202012 0.127 260.474 0.161
202103 0.108 264.877 0.135
202106 0.140 271.696 0.170
202109 0.164 274.310 0.197
202112 0.174 278.802 0.206
202203 0.159 287.504 0.183
202206 0.168 296.311 0.187
202209 0.166 296.808 0.185
202212 0.217 296.797 0.241
202303 0.202 301.836 0.221
202306 0.244 305.109 0.264
202309 0.264 307.789 0.283
202312 0.240 306.746 0.258
202403 0.240 312.332 0.254
202406 0.321 314.175 0.337
202409 0.283 315.301 0.296
202412 0.302 315.605 0.316
202503 0.261 319.799 0.269
202506 0.329 322.561 0.337
202509 0.329 324.800 0.334
202512 0.357 324.054 0.364
202603 0.271 330.213 0.271

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €0.78 mean?
Manila Electric Co (FRA:A0X) has a E10 of €0.78 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Manila Electric Co and its competitors.
Is Manila Electric Co's E10 too high?
Manila Electric Co's current E10 is €0.78. Overall, Manila Electric Co has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Manila Electric Co's E10 compare to NEE and SO?
Manila Electric Co's E10 of €0.78 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Manila Electric Co and its competitors. Manila Electric Co's current E10 is €0.78. 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?
Manila Electric Co (FRA:A0X) has a current E10 of €0.78. The stock's GF Value™ is €13.12, compared to a current price of €14.30 — trading 9% above its estimated fair value. The current E10 is €0.78. Manila Electric Co's overall GF Score™ is 94/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Manila Electric Co (FRA:A0X), the current E10 is €0.78 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 Electric Co (FRA:A0X) Overvalued in 2026?

Based on GuruFocus' analysis, Manila Electric Co stock appears to be overvalued. The current stock price of €14.30 is trading 9% above its estimated GF Value™ of €13.12.

Key valuation signals for FRA:A0X:

  • E10: €0.78
  • GF Value™: €13.12 vs. price of €14.30 (9% above fair value)
  • GF Score™: 94/100 with 6 warning signs

No single metric tells the full story. See the FRA:A0X stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Manila Electric Co Business Description

Address Ortigas Avenue, Lopez Building, Barangay Ugong, Pasig, PHL, 1605
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.
94GF Score

Get the complete analysis for FRA:A0X

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€14.30
Price
€13.12
GF Value