Manila Electric Co (PHS:MER) EV-to-EBIT: 11.36 (As of Jul. 11, 2026) — Near Median


PHS:MER Manila Electric Co PHS:MER
95 GF Score
Price ₱578.00
GF Value ₱530.17
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Manila Electric Co EV-to-EBIT?

Manila Electric Co PHS:MER +0.35% 95 EV-to-EBIT is 11.36 as of Jul. 11, 2026, which is 2% above its 10-year median of 11.17. GuruFocus rates PHS:MER with a GF Score™ of 95/100 and a GF Value™ of ₱530.17 (Fairly Valued). The stock has 6 warning signs investors should review. Among 462 Utilities - Regulated companies, Manila Electric Co ranks better than 60.17% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Manila Electric Co's Enterprise Value is ₱825,815 Mil. Manila Electric Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₱72,689 Mil. Therefore, Manila Electric Co's EV-to-EBIT for today is 11.36.

The historical rank and industry rank for Manila Electric Co's EV-to-EBIT or its related term are showing as below:

PHS:MER' s EV-to-EBIT Range Over the Past 10 Years
Min: 5.83   Med: 11.17   Max: 14.88
Current: 11.36

During the past 13 years, the highest EV-to-EBIT of Manila Electric Co was 14.88. The lowest was 5.83. And the median was 11.17.

PHS:MER's EV-to-EBIT is ranked better than
60.17% of 462 companies
in the Utilities - Regulated industry
Industry Median: 13.955 vs PHS:MER: 11.36

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Manila Electric Co's Enterprise Value for the quarter that ended in Mar. 2026 was ₱870,336 Mil. Manila Electric Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₱72,689 Mil. Manila Electric Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.35%.


Manila Electric Co  (PHS:MER) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Manila Electric Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=72689/870335.9275
=8.35 %

Manila Electric Co's Enterprise Value for the quarter that ended in Mar. 2026 was ₱870,336 Mil.
Manila Electric Co's 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 ₱72,689 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.


Manila Electric Co EV-to-EBIT Related Terms


Manila Electric Co EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Manila Electric Co's EV-to-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.

Manila Electric Co EV-to-EBIT Chart

Manila Electric Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.84 9.75 9.74 9.54 11.27

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
EV-to-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 11.32 11.74 11.40 11.27 11.97

PHS:MER vs NEE, SO, DUK: EV-to-EBIT Comparison

For the Utilities - Regulated Electric subindustry, Manila Electric Co'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.


Manila Electric Co EV-to-EBIT vs Utilities - Regulated Industry

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

* The bar in red indicates where Manila Electric Co's EV-to-EBIT falls into.


PHS:MER
95GF Score
Manila Electric Co PHS:MER
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manila Electric Co EV-to-EBIT Calculation

Manila Electric Co's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=825815.470/72689
=11.36

Manila Electric Co's current Enterprise Value is ₱825,815 Mil.
Manila Electric Co's 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 ₱72,689 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 EV-to-EBIT →
What does a EV-to-EBIT of 11.36 mean?
Manila Electric Co (PHS:MER) has a EV-to-EBIT of 11.36 as of Jul. 11, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Manila Electric Co and its competitors. This is near median its historical median of 11.17. Over the past decade, Manila Electric Co's EV-to-EBIT has ranged from 5.83 to 14.88. According to the industry distribution chart, Manila Electric Co ranks #184 out of 462 companies in the Utilities - Regulated industry, placing it in the top 39.8%.
Is Manila Electric Co's EV-to-EBIT too high?
Manila Electric Co's current EV-to-EBIT of 11.36 is near median its 10-year median of 11.17. Over the past 10 years, this metric has ranged from a low of 5.83 to a high of 14.88. The Utilities - Regulated industry median EV-to-EBIT is 13.96. Manila Electric Co's value of 11.36 is 18.6% below this industry median. Based on the distribution chart, Manila Electric Co ranks #184 out of 462 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Manila Electric Co has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Electric Co's EV-to-EBIT compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Manila Electric Co ranks #184 out of 462 companies for EV-to-EBIT. This puts Manila Electric Co in the upper half of its industry. The industry median EV-to-EBIT is 13.96. Manila Electric Co's value of 11.36 is 18.6% below this benchmark. Historically, Manila Electric Co's own EV-to-EBIT has ranged from 5.83 to 14.88 over the past decade. While the company's 10-year median is 11.17 vs. the industry median of 13.96, Manila Electric Co has consistently been below 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 EV-to-EBIT for an Utilities - Regulated company?
The median EV-to-EBIT among Utilities - Regulated companies is 13.96, based on 462 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manila Electric Co's current EV-to-EBIT of 11.36 is 18.6% below 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Manila Electric Co and its competitors. For the Utilities - Regulated industry, the median EV-to-EBIT is 13.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Electric Co's current EV-to-EBIT is 11.36, which is near median its own 10-year median of 11.17. 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 Fairly Valued. The stock's GF Value™ is ₱530.17, compared to a current price of ₱578.00 — trading 9% above its estimated fair value. The current EV-to-EBIT is 11.36, which is near median its 10-year median of 11.17 and 18.6% below the Utilities - Regulated industry median of 13.96. Manila Electric Co's overall GF Score™ is 95/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Manila Electric Co (PHS:MER), the current EV-to-EBIT is 11.36 as of Jul. 11, 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 overvalued. The current stock price of ₱578.00 is trading 9% above its estimated GF Value™ of ₱530.17. GuruFocus considers Manila Electric Co to be Fairly Valued.

Key valuation signals for PHS:MER:

  • EV-to-EBIT: 11.36 (near median its 10-year median of 11.17)
  • GF Value™: ₱530.17 vs. price of ₱578.00 (9% above fair value)
  • GF Score™: 95/100 with 6 warning signs
  • Industry Position: 18.6% below the Utilities - Regulated median (#184 of 462)

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 Business Description

Other Exchanges MERVF:USAMAEOY:USA
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.
95GF Score

Get the complete analysis for PHS:MER

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

₱578.00
Price
₱530.17
GF Value