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Manila Water CoPHS:MWC -1.71%94 Equity-to-Asset is 0.30 as of Mar. 2026, which is 25% below its 10-year median of 0.40. GuruFocus rates PHS:MWC with a GF Score™ of 94/100 and a GF Value™ of ₱36.55 (Fairly Valued). The stock has 4 warning signs investors should review. Among 509 Utilities - Regulated companies, Manila Water Co ranks worse than 65.23% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Manila Water Co's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₱89,859 Mil. Manila Water Co's Total Assets for the quarter that ended in Mar. 2026 was ₱301,510 Mil.
Therefore, Manila Water Co's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.30.
The historical rank and industry rank for Manila Water Co's Equity-to-Asset or its related term are showing as below:
PHS:MWC'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.3 Med: 0.4 Max: 0.51
Current: 0.3
During the past 13 years, the highest Equity to Asset Ratio of Manila Water Co was 0.51. The lowest was 0.30. And the median was 0.40.
PHS:MWC's Equity-to-Asset is ranked worse than 65.23% of 509
companies
in the Utilities - Regulated industry
Industry Median: 0.36
vs PHS:MWC: 0.30
Manila Water Co (PHS:MWC) 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%.
Manila Water Co Equity-to-Asset Related Terms
Manila Water Co Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Manila Water Co's Equity-to-Asset 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.
PHS:MWC vs AWK, WTRG, AWR: Equity-to-Asset Comparison
For the Utilities - Regulated Water subindustry, Manila Water Co'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.
Manila Water Co Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Manila Water Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Manila Water Co's Equity-to-Asset falls into.
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.
Manila Water Co'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.
Manila Water Co (PHS:MWC) has a Equity-to-Asset of 0.30 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Manila Water Co and its competitors. This is 25% below median its historical median of 0.40. Over the past decade, Manila Water Co's Equity-to-Asset has ranged from 0.30 to 0.51. According to the industry distribution chart, Manila Water Co ranks #332 out of 509 companies in the Utilities - Regulated industry, placing it in the top 65.2%.
Is Manila Water Co's Equity-to-Asset too high?
Manila Water Co's current Equity-to-Asset of 0.30 is 25% below median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 0.51. The Utilities - Regulated industry median Equity-to-Asset is 0.36. Manila Water Co's value of 0.30 is 16.7% below this industry median. Based on the distribution chart, Manila Water Co ranks #332 out of 509 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Manila Water Co has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Water Co's Equity-to-Asset compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Manila Water Co ranks #332 out of 509 companies for Equity-to-Asset. This places Manila Water Co in the lower half of its industry. The industry median Equity-to-Asset is 0.36. Manila Water Co's value of 0.30 is 16.7% below this benchmark. Historically, Manila Water Co's own Equity-to-Asset has ranged from 0.30 to 0.51 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 0.36, Manila Water 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 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. Manila Water Co's current Equity-to-Asset of 0.30 is 16.7% 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 Manila Water Co 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. Manila Water Co's current Equity-to-Asset is 0.30, which is 25% below median its own 10-year median of 0.40. 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 (PHS:MWC) is currently considered Fairly Valued. The stock's GF Value™ is ₱36.55, compared to a current price of ₱34.50 — trading 5.6% below its estimated fair value. The current Equity-to-Asset is 0.30, which is 25% below median its 10-year median of 0.40 and 16.7% below the Utilities - Regulated industry median of 0.36. Manila Water Co's overall GF Score™ is 94/100 with 4 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 Manila Water Co (PHS:MWC), the current Equity-to-Asset is 0.30 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 (PHS:MWC) Overvalued in 2026?
Based on GuruFocus' analysis, Manila Water Co stock appears to be undervalued.
The current stock price of ₱34.50 is trading 5.6% below its estimated GF Value™ of ₱36.55.
GuruFocus considers Manila Water Co to be Fairly Valued.
Key valuation signals for PHS:MWC:
Equity-to-Asset: 0.30 (25% below median its 10-year median of 0.40)
GF Value™: ₱36.55 vs. price of ₱34.50 (5.6% below fair value)
Industry Position: 16.7% below the Utilities - Regulated median (#332 of 509)
No single metric tells the full story. See the PHS:MWC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
94GF Score
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