MWTCY (Manila Water Co) E10: $1.23 (As of Mar. 2026)

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MWTCY Manila Water Co Inc MWTCY
87 GF Score
Price $15.43
GF Value $15.12
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Manila Water Co E10?

Manila Water Co MWTCY 87 E10 is $1.23 as of Mar. 2026. GuruFocus rates MWTCY with a GF Score™ of 87/100 and a GF Value™ of $15.12 (Fairly Valued). The stock has 4 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 Water Co's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.614. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.23 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Manila Water Co's average E10 Growth Rate was 11.50% per year. During the past 3 years, the average E10 Growth Rate was 4.10% per year. During the past 5 years, the average E10 Growth Rate was 2.90% 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 Water Co was 4.10% per year. The lowest was 1.00% per year. And the median was 2.05% per year.

As of today (2026-08-05), Manila Water Co's current stock price is $15.43. Manila Water Co's E10 for the quarter that ended in Mar. 2026 was $1.23. Manila Water Co's Shiller PE Ratio of today is 12.54.

During the past 13 years, the highest Shiller PE Ratio of Manila Water Co was 15.16. The lowest was 3.11. And the median was 9.40.


Manila Water Co  (OTCPK:MWTCY) 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 Water Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=15.43/1.23
=12.54

* 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 Water Co was 15.16. The lowest was 3.11. And the median was 9.40.


Be Aware

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


Manila Water Co E10 Related Terms


Manila Water Co E10 Historical Data

* Premium members only.

The historical data trend for Manila Water 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 Water Co E10 Chart

Manila Water 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 1.20 1.18 1.08 1.16 1.25

Manila Water 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 1.04 0.99 1.30 1.25 1.23

MWTCY vs AWK, WTRG, AWR: E10 Comparison

For the Utilities - Regulated Water subindustry, Manila Water 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 Water Co Shiller PE Ratio vs Utilities - Regulated Industry

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

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


MWTCY
87GF Score
Manila Water Co Inc MWTCY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manila Water 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 Water 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)
=0.614/330.2130*330.2130
=0.614

Current CPI (Mar. 2026) = 330.2130.

Manila Water Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.280 241.018 0.384
201609 0.255 241.428 0.349
201612 0.030 241.432 0.041
201703 0.235 243.801 0.318
201706 0.297 244.955 0.400
201709 0.362 246.819 0.484
201712 0.210 246.524 0.281
201803 0.276 249.554 0.365
201806 0.313 251.989 0.410
201809 0.231 252.439 0.302
201812 0.268 251.233 0.352
201903 0.198 254.202 0.257
201906 0.280 256.143 0.361
201909 0.288 256.759 0.370
201912 0.218 256.974 0.280
202003 0.235 258.115 0.301
202006 0.169 257.797 0.216
202009 0.119 260.280 0.151
202012 0.218 260.474 0.276
202103 0.210 264.877 0.262
202106 0.202 271.696 0.246
202109 0.074 274.310 0.089
202112 0.021 278.802 0.025
202203 0.132 287.504 0.152
202206 0.231 296.311 0.257
202209 0.198 296.808 0.220
202212 0.177 296.797 0.197
202303 0.132 301.836 0.144
202306 0.350 305.109 0.379
202309 0.276 307.789 0.296
202312 -0.189 306.746 -0.203
202403 0.437 312.332 0.462
202406 0.531 314.175 0.558
202409 0.445 315.301 0.466
202412 0.054 315.605 0.056
202503 0.498 319.799 0.514
202506 0.610 322.561 0.624
202509 0.655 324.800 0.666
202512 0.441 324.054 0.449
202603 0.614 330.213 0.614

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 $1.23 mean?
Manila Water Co (MWTCY) has a E10 of $1.23 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Manila Water Co and its competitors.
Is Manila Water Co's E10 too high?
Manila Water Co's current E10 is $1.23. Overall, Manila Water Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Water Co's E10 compare to AWK and WTRG?
Manila Water Co's E10 of $1.23 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 Water Co and its competitors. Manila Water Co's current E10 is $1.23. 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 (MWTCY) is currently considered Fairly Valued. The stock's GF Value™ is $15.12, compared to a current price of $15.43 — trading 2.1% above its estimated fair value. The current E10 is $1.23. Manila Water Co's overall GF Score™ is 87/100 with 4 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 Water Co (MWTCY), the current E10 is $1.23 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 (MWTCY) Overvalued in 2026?

Based on GuruFocus' analysis, Manila Water Co stock appears to be overvalued. The current stock price of $15.43 is trading 2.1% above its estimated GF Value™ of $15.12. GuruFocus considers Manila Water Co to be Fairly Valued.

Key valuation signals for MWTCY:

  • E10: $1.23
  • GF Value™: $15.12 vs. price of $15.43 (2.1% above fair value)
  • GF Score™: 87/100 with 4 warning signs

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


Manila Water Co Business Description

Other Exchanges MWC:Philippines
Address 489 Katipunan Road, 2nd Floor, MWSS Administration Building, Balara, Quezon, PHL, 1105
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.
87GF Score

Get the complete analysis for MWTCY

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

$15.43
Price
$15.12
GF Value