SPC Power (PHS:SPC) E10: ₱1.26 (As of Mar. 2026)


PHS:SPC SPC Power Corp PHS:SPC
84 GF Score
Price ₱10.80
GF Value ₱9.26
Valuation Modestly Overvalued
! 4 Warning Signs
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What is SPC Power E10?

SPC Power PHS:SPC 84 E10 is ₱1.26 as of Mar. 2026. GuruFocus rates PHS:SPC with a GF Score™ of 84/100 and a GF Value™ of ₱9.26 (Modestly Overvalued). 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.

SPC Power's adjusted earnings per share data for the three months ended in Mar. 2026 was ₱0.210. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₱1.26 for the trailing ten years ended in Mar. 2026.

During the past 12 months, SPC Power's average E10 Growth Rate was 3.30% per year. During the past 3 years, the average E10 Growth Rate was 3.10% per year. During the past 5 years, the average E10 Growth Rate was 4.90% 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 SPC Power was 13.10% per year. The lowest was 3.10% per year. And the median was 8.35% per year.

As of today (2026-06-26), SPC Power's current stock price is ₱10.80. SPC Power's E10 for the quarter that ended in Mar. 2026 was ₱1.26. SPC Power's Shiller PE Ratio of today is 8.57.

During the past 13 years, the highest Shiller PE Ratio of SPC Power was 13.68. The lowest was 5.62. And the median was 8.16.


SPC Power  (PHS:SPC) 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.

SPC Power's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=10.80/1.26
=8.57

* 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 SPC Power was 13.68. The lowest was 5.62. And the median was 8.16.


Be Aware

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


SPC Power E10 Related Terms


SPC Power E10 Historical Data

* Premium members only.

The historical data trend for SPC Power'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.

SPC Power E10 Chart

SPC Power 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 1.09 1.15 1.20 1.22 1.26

SPC Power 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 1.22 1.24 1.27 1.26 1.26

PHS:SPC vs NEE, SO, DUK: E10 Comparison

For the Utilities - Regulated Electric subindustry, SPC Power'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.


SPC Power Shiller PE Ratio vs Utilities - Regulated Industry

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

* The bar in red indicates where SPC Power's Shiller PE Ratio falls into.


PHS:SPC
84GF Score
SPC Power Corp PHS:SPC
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SPC Power 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, SPC Power'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)
=0.21/330.2130*330.2130
=0.210

Current CPI (Mar. 2026) = 330.2130.

SPC Power Quarterly Data

per share eps CPI Adj_EPS
201606 0.310 241.018 0.425
201609 0.290 241.428 0.397
201612 0.190 241.432 0.260
201703 0.350 243.801 0.474
201706 0.280 244.955 0.377
201709 0.140 246.819 0.187
201712 0.310 246.524 0.415
201803 0.330 249.554 0.437
201806 0.310 251.989 0.406
201809 0.400 252.439 0.523
201812 0.200 251.233 0.263
201903 0.210 254.202 0.273
201906 0.400 256.143 0.516
201909 0.350 256.759 0.450
201912 0.230 256.974 0.296
202003 0.320 258.115 0.409
202006 0.290 257.797 0.371
202009 0.250 260.280 0.317
202012 0.200 260.474 0.254
202103 0.310 264.877 0.386
202106 0.220 271.696 0.267
202109 0.380 274.310 0.457
202112 -0.110 278.802 -0.130
202203 0.080 287.504 0.092
202206 0.220 296.311 0.245
202209 0.320 296.808 0.356
202212 0.220 296.797 0.245
202303 0.180 301.836 0.197
202306 0.370 305.109 0.400
202309 0.250 307.789 0.268
202312 -0.020 306.746 -0.022
202403 0.070 312.332 0.074
202406 0.420 314.175 0.441
202409 0.140 315.301 0.147
202412 0.360 315.605 0.377
202503 0.160 319.799 0.165
202506 0.430 322.561 0.440
202509 0.580 324.800 0.590
202512 0.320 324.054 0.326
202603 0.210 330.213 0.210

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 ₱1.26 mean?
SPC Power (PHS:SPC) has a E10 of ₱1.26 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on SPC Power and its competitors.
Is SPC Power's E10 too high?
SPC Power's current E10 is ₱1.26. Overall, SPC Power has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPC Power's E10 compare to NEE and SO?
SPC Power's E10 of ₱1.26 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 SPC Power and its competitors. SPC Power's current E10 is ₱1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPC Power stock overvalued right now?
Based on GuruFocus' analysis, SPC Power (PHS:SPC) is currently considered Modestly Overvalued. The stock's GF Value™ is ₱9.26, compared to a current price of ₱10.80 — trading 16.6% above its estimated fair value. The current E10 is ₱1.26. SPC Power's overall GF Score™ is 84/100 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 SPC Power (PHS:SPC), the current E10 is ₱1.26 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 SPC Power (PHS:SPC) Overvalued in 2026?

Based on GuruFocus' analysis, SPC Power stock appears to be overvalued. The current stock price of ₱10.80 is trading 16.6% above its estimated GF Value™ of ₱9.26. GuruFocus considers SPC Power to be Modestly Overvalued.

Key valuation signals for PHS:SPC:

  • E10: ₱1.26
  • GF Value™: ₱9.26 vs. price of ₱10.80 (16.6% above fair value)
  • GF Score™: 84/100 with 4 warning signs

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


SPC Power Business Description

Address 8741, Paseo de Roxas, 7th Floor, P.O Box 1222, BDO Towers Paseo, Makati City, PHL, 1209
SPC Power Corp is managed through two segments: Generation segment which includes generation and supply of power and ancillary services to NPC/PSALM, NGCP, distribution utilities, WESM, and other customers, and Others which includes the operations of SECL, SLCI, CNPC and SMPC such as to manage, operate and invest in power generating plants and related facilities. The majority of revenue is generated from generation segment. It operates and generates revenue principally only in the Philippines.
84GF Score

Get the complete analysis for PHS:SPC

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

₱10.80
Price
₱9.26
GF Value