First GenPHS:FGEN +3.41%54 Forward PE Ratio is 5.12 as of Jul. 07, 2026. GuruFocus rates PHS:FGEN with a GF Score™ of 54/100 and a GF Value™ of ₱6.33 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 204 Utilities - Independent Power Producers companies, First Gen ranks better than 92.65% on this metric.
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
First Gen Forward PE Ratio Related Terms
First Gen Forward PE Ratio Historical Data
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The historical data trend for First Gen's Forward PE Ratio 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.
First Gen Forward PE Ratio Chart
First Gen Annual Data
Trend
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
7.52
6.42
7.62
5.90
3.66
3.16
2.87
6.39
First Gen Quarterly Data
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
6.46
6.75
7.73
7.52
8.03
8.03
6.37
6.42
4.51
6.33
6.31
7.62
7.49
7.41
6.96
5.90
4.92
4.14
3.41
3.66
3.75
3.67
3.60
3.16
2.87
2.92
3.61
5.71
6.39
5.69
First Gen Forward PE Ratio Competitor Comparison
For the Utilities - Renewable subindustry, First Gen's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Gen Forward PE Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, First Gen's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where First Gen's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
First Gen (PHS:FGEN) has a Forward PE Ratio of 5.12 as of Jul. 07, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on First Gen and its competitors. According to the industry distribution chart, First Gen ranks #15 out of 204 companies in the Utilities - Independent Power Producers industry, placing it in the top 7.4%.
Is First Gen's Forward PE Ratio too high?
First Gen's current Forward PE Ratio is 5.12. The Utilities - Independent Power Producers industry median Forward PE Ratio is 15.12. First Gen's value of 5.12 is 66.1% below this industry median. Based on the distribution chart, First Gen ranks #15 out of 204 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, First Gen 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 Gen's Forward PE Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, First Gen ranks #15 out of 204 companies for Forward PE Ratio. This places First Gen in the top 7% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 15.12. First Gen's value of 5.12 is 66.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Utilities - Independent Power Producers company?
The median Forward PE Ratio among Utilities - Independent Power Producers companies is 15.12, based on 204 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Gen's current Forward PE Ratio of 5.12 is 66.1% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on First Gen and its competitors. For the Utilities - Independent Power Producers industry, the median Forward PE Ratio is 15.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Gen's current Forward PE Ratio is 5.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Gen stock overvalued right now?
Based on GuruFocus' analysis, First Gen (PHS:FGEN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱6.33, compared to a current price of ₱16.38 — trading 158.8% above its estimated fair value. The current Forward PE Ratio is 5.12 and 66.1% below the Utilities - Independent Power Producers industry median of 15.12. First Gen's overall GF Score™ is 54/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For First Gen (PHS:FGEN), the current Forward PE Ratio is 5.12 as of Jul. 07, 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 Gen (PHS:FGEN) Overvalued in 2026?
Based on GuruFocus' analysis, First Gen stock appears to be overvalued.
The current stock price of ₱16.38 is trading 158.8% above its estimated GF Value™ of ₱6.33.
GuruFocus considers First Gen to be Significantly Overvalued.
Key valuation signals for PHS:FGEN:
Forward PE Ratio: 5.12
GF Value™: ₱6.33 vs. price of ₱16.38 (158.8% above fair value)
Industry Position: 66.1% below the Utilities - Independent Power Producers median (#15 of 204)
No single metric tells the full story. See the PHS:FGEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Gen Corp is an independent electric utility company operating in the Philippines. First Gen develops, finances, builds, bids for, and operate power generation projects. The company generates a amount of Filipino energy needs through its portfolio of natural gas, wind, solar, hydro, and geothermal power plants located in the country. Majority of the power generated by First Gen is produced through natural gas and geothermal fuel sources. It operates in six segments: FGPC, FGP, EDC and Subsidiaries, FGEN LNG, FNPC, and Prime Meridian. The company only operates in Philippines.
54GF Score
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