SPC PowerPHS:SPC -0.19%87 Equity-to-Asset is 0.96 as of Mar. 2026, which is 8% above its 10-year median of 0.89. GuruFocus rates PHS:SPC with a GF Score™ of 87/100 and a GF Value™ of ₱9.28 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 509 Utilities - Regulated companies, SPC Power ranks better than 98.82% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. SPC Power's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₱11,872 Mil. SPC Power's Total Assets for the quarter that ended in Mar. 2026 was ₱12,397 Mil.
Therefore, SPC Power's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.96.
The historical rank and industry rank for SPC Power's Equity-to-Asset or its related term are showing as below:
PHS:SPC'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.79 Med: 0.89 Max: 0.96
Current: 0.96
During the past 13 years, the highest Equity to Asset Ratio of SPC Power was 0.96. The lowest was 0.79. And the median was 0.89.
PHS:SPC's Equity-to-Asset is ranked better than 98.82% of 509
companies
in the Utilities - Regulated industry
Industry Median: 0.36
vs PHS:SPC: 0.96
SPC Power (PHS:SPC) 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%.
SPC Power Equity-to-Asset Related Terms
SPC Power Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for SPC Power'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:SPC vs NEE, SO, DUK: Equity-to-Asset Comparison
For the Utilities - Regulated Electric subindustry, SPC Power'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.
SPC Power Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, SPC Power's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where SPC Power'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.
SPC Power'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.
SPC Power (PHS:SPC) has a Equity-to-Asset of 0.96 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on SPC Power and its competitors. This is near median its historical median of 0.89. Over the past decade, SPC Power's Equity-to-Asset has ranged from 0.79 to 0.96. According to the industry distribution chart, SPC Power ranks #6 out of 509 companies in the Utilities - Regulated industry, placing it in the top 1.2%.
Is SPC Power's Equity-to-Asset too high?
SPC Power's current Equity-to-Asset of 0.96 is near median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 0.96. The Utilities - Regulated industry median Equity-to-Asset is 0.36. SPC Power's value of 0.96 is 166.7% above this industry median. Based on the distribution chart, SPC Power ranks #6 out of 509 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, SPC Power has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPC Power's Equity-to-Asset compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, SPC Power ranks #6 out of 509 companies for Equity-to-Asset. This places SPC Power in the top 1% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.36. SPC Power's value of 0.96 is 166.7% above this benchmark. Historically, SPC Power's own Equity-to-Asset has ranged from 0.79 to 0.96 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 0.36, SPC Power has consistently been above 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. SPC Power's current Equity-to-Asset of 0.96 is 166.7% above 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 SPC Power 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. SPC Power's current Equity-to-Asset is 0.96, which is near median its own 10-year median of 0.89. 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 ₱9.28, compared to a current price of ₱10.46 — trading 12.7% above its estimated fair value. The current Equity-to-Asset is 0.96, which is near median its 10-year median of 0.89 and 166.7% above the Utilities - Regulated industry median of 0.36. SPC Power's overall GF Score™ is 87/100 with 3 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 SPC Power (PHS:SPC), the current Equity-to-Asset is 0.96 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 ₱10.46 is trading 12.7% above its estimated GF Value™ of ₱9.28.
GuruFocus considers SPC Power to be Modestly Overvalued.
Key valuation signals for PHS:SPC:
Equity-to-Asset: 0.96 (near median its 10-year median of 0.89)
GF Value™: ₱9.28 vs. price of ₱10.46 (12.7% above fair value)
Industry Position: 166.7% above the Utilities - Regulated median (#6 of 509)
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 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.
87GF Score
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