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First Philippine HoldingsPHS:FPH -0.64%54 Equity-to-Asset is 0.32 as of Mar. 2026, which is 10% above its 10-year median of 0.29. GuruFocus rates PHS:FPH with a GF Score™ of 54/100 and a GF Value™ of ₱57.80 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 509 Utilities - Regulated companies, First Philippine Holdings ranks worse than 60.51% on this metric.
The historical rank and industry rank for First Philippine Holdings's Equity-to-Asset or its related term are showing as below:
PHS:FPH'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21 Med: 0.29 Max: 0.34
Current: 0.32
During the past 13 years, the highest Equity to Asset Ratio of First Philippine Holdings was 0.34. The lowest was 0.21. And the median was 0.29.
PHS:FPH's Equity-to-Asset is ranked worse than 60.51% of 509
companies
in the Utilities - Regulated industry
Industry Median: 0.36
vs PHS:FPH: 0.32
First Philippine Holdings (PHS:FPH) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
First Philippine Holdings Equity-to-Asset Related Terms
First Philippine Holdings Equity-to-Asset Historical Data
* 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.
PHS:FPH vs NEE, SO, DUK: Equity-to-Asset Comparison
For the Utilities - Regulated Electric subindustry, First Philippine Holdings's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
First Philippine Holdings Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, First Philippine Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where First Philippine Holdings's Equity-to-Asset falls into.
First Philippine Holdings Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
First Philippine Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
First Philippine Holdings (PHS:FPH) has a Equity-to-Asset of 0.32 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on First Philippine Holdings and its competitors. This is 10% above median its historical median of 0.29. Over the past decade, First Philippine Holdings' Equity-to-Asset has ranged from 0.21 to 0.34. According to the industry distribution chart, First Philippine Holdings ranks #308 out of 509 companies in the Utilities - Regulated industry, placing it in the top 60.5%.
Is First Philippine Holdings' Equity-to-Asset too high?
First Philippine Holdings' current Equity-to-Asset of 0.32 is 10% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.34. The Utilities - Regulated industry median Equity-to-Asset is 0.36. First Philippine Holdings' value of 0.32 is 11.1% below this industry median. Based on the distribution chart, First Philippine Holdings ranks #308 out of 509 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, First Philippine Holdings has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Philippine Holdings' Equity-to-Asset compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, First Philippine Holdings ranks #308 out of 509 companies for Equity-to-Asset. This places First Philippine Holdings in the lower half of its industry. The industry median Equity-to-Asset is 0.36. First Philippine Holdings' value of 0.32 is 11.1% below this benchmark. Historically, First Philippine Holdings' own Equity-to-Asset has ranged from 0.21 to 0.34 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 0.36, First Philippine Holdings 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 Equity-to-Asset for an Utilities - Regulated company?
The median Equity-to-Asset among Utilities - Regulated companies is 0.36, based on 509 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Philippine Holdings's current Equity-to-Asset of 0.32 is 11.1% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on First Philippine Holdings and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Philippine Holdings's current Equity-to-Asset is 0.32, which is 10% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Philippine Holdings stock overvalued right now?
Based on GuruFocus' analysis, First Philippine Holdings (PHS:FPH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱57.80, compared to a current price of ₱86.00 — trading 48.8% above its estimated fair value. The current Equity-to-Asset is 0.32, which is 10% above median its 10-year median of 0.29 and 11.1% below the Utilities - Regulated industry median of 0.36. First Philippine Holdings' overall GF Score™ is 54/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For First Philippine Holdings (PHS:FPH), the current Equity-to-Asset is 0.32 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 First Philippine Holdings (PHS:FPH) Overvalued in 2026?
Based on GuruFocus' analysis, First Philippine Holdings stock appears to be overvalued.
The current stock price of ₱86.00 is trading 48.8% above its estimated GF Value™ of ₱57.80.
GuruFocus considers First Philippine Holdings to be Significantly Overvalued.
Key valuation signals for PHS:FPH:
Equity-to-Asset: 0.32 (10% above median its 10-year median of 0.29)
GF Value™: ₱57.80 vs. price of ₱86.00 (48.8% above fair value)
Industry Position: 11.1% below the Utilities - Regulated median (#308 of 509)
No single metric tells the full story. See the PHS:FPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Philippine Holdings Corporation are engaged mainly in, but not limited to, power generation, real estate development, energy solutions, construction and other service industries. The company's segments its activities into Power Generation, Real Estate Development, Energy Solutions, Construction, and other services. The majority of revenue comes from Power Generation segment. The Power generation has one geographical segment. Real Estate Development has presence in National Capital Region, Central Luzon, Southern Luzon, Central Visayas, Western Visayas of which majority of revenue comes from National capital region.
54GF Score
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