SPC Power (PHS:SPC) EBIT: ₱2,601 Mil (TTM 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 EBIT?

SPC Power PHS:SPC 84 EBIT is ₱2,601 Mil 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.

SPC Power's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₱353 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₱2,601 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SPC Power's annualized ROC % for the quarter that ended in Mar. 2026 was 8.99%. SPC Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 125.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SPC Power's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.18%.


SPC Power  (PHS:SPC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

SPC Power's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=628.652 * ( 1 - 9.77% )/( (5602.561 + 7017.249)/ 2 )
=567.2326996/6309.905
=8.99 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=13521.163 - 1781.135 - ( 6993.988 - max(0, 1862.467 - 7999.934+6993.988))
=5602.561

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=12397.155 - 420.119 - ( 4959.787 - max(0, 422.505 - 5825.585+4959.787))
=7017.249

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

SPC Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1411.212/( ( (426.955 + max(-960.921, 0)) + (1382.522 + max(445.679, 0)) )/ 2 )
=1411.212/( ( 426.955 + 1828.201 )/ 2 )
=1411.212/1127.578
=125.15 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(503.5 + 352.477 + 43.183) - (1781.135 + 0 + 78.946)
=-960.921

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(438.286 + 376.285 + 51.227) - (420.119 + 0 + -5.6843418860808E-14)
=445.679

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

SPC Power's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=2600.702/11221.970
=23.18 %

* 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 EBIT Related Terms


SPC Power EBIT Historical Data

* Premium members only.

The historical data trend for SPC Power's EBIT 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 EBIT Chart

SPC Power Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,283.81 1,301.47 1,241.91 1,465.45 2,525.98

SPC Power Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 278.08 725.37 965.70 556.83 352.80

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

For the Utilities - Regulated Electric subindustry, SPC Power's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, SPC Power's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SPC Power's EV-to-EBIT falls into.


PHS:SPC
84GF Score
SPC Power Corp PHS:SPC
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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SPC Power EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱2,601 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₱2,601 Mil mean?
SPC Power (PHS:SPC) has a EBIT of ₱2,601 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SPC Power.
Is SPC Power's EBIT too high?
SPC Power's current EBIT is ₱2,601 Mil. 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 EBIT compare to NEE and SO?
SPC Power's EBIT of ₱2,601 Mil 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 EBIT for an Utilities - Regulated company?
A good EBIT depends on the Utilities - Regulated industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SPC Power. SPC Power's current EBIT is ₱2,601 Mil. 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 EBIT is ₱2,601 Mil. 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 EBIT calculated?
EBIT is calculated from a company's financial statements. For SPC Power (PHS:SPC), the current EBIT is ₱2,601 Mil 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:

  • EBIT: ₱2,601 Mil
  • 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

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

₱10.80
Price
₱9.26
GF Value