Manila Electric CoMAEOY 84 Gross Margin % is 18.50% as of Mar. 2026, which is 13% below its 10-year median of 21.16. GuruFocus rates MAEOY with a GF Score™ of 84/100 and a GF Value™ of $17.68 (Fairly Valued). The stock has 6 warning signs investors should review. Among 491 Utilities - Regulated companies, Manila Electric Co ranks worse than 72.1% on this metric.
Manila Electric Co gross margin has been in long-term decline. The average rate of decline per year is -2.9%.
The historical rank and industry rank for Manila Electric Co's Gross Margin % or its related term are showing as below:
MAEOY'
s Gross Margin % Range Over the Past 10 Years
Min: 16.12 Med: 21.16 Max: 23.54
Current: 18.86
During the past 13 years, the highestGross Margin % of Manila Electric Co was 23.54%. The lowest was 16.12%. And the median was 21.16%.
MAEOY's Gross Margin % is ranked worse than 72.1% of 491
companies
in the Utilities - Regulated industry
Industry Median: 30.95
vs MAEOY: 18.86
Manila Electric Co had a gross margin of 18.50% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Manila Electric Co was -2.90% per year.
Manila Electric Co (OTCPK:MAEOY) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Manila Electric Co had a gross margin of 18.50% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Manila Electric Co Gross Margin % Related Terms
Manila Electric Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Manila Electric Co's Gross Margin % 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.
For the Utilities - Regulated Electric subindustry, Manila Electric Co's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Manila Electric Co's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Manila Electric Co (MAEOY) has a Gross Margin % of 18.50% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Manila Electric Co and its competitors. This is 13% below median its historical median of 21.16. Over the past decade, Manila Electric Co's Gross Margin % has ranged from 16.12 to 23.54. According to the industry distribution chart, Manila Electric Co ranks #354 out of 491 companies in the Utilities - Regulated industry, placing it in the top 72.1%.
Is Manila Electric Co's Gross Margin % too high?
Manila Electric Co's current Gross Margin % of 18.50% is 13% below median its 10-year median of 21.16. Over the past 10 years, this metric has ranged from a low of 16.12 to a high of 23.54. The Utilities - Regulated industry median Gross Margin % is 30.95. Manila Electric Co's value of 18.50% is 40.2% below this industry median. Based on the distribution chart, Manila Electric Co ranks #354 out of 491 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Manila Electric Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Electric Co's Gross Margin % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Manila Electric Co ranks #354 out of 491 companies for Gross Margin %. This places Manila Electric Co in the lower half of its industry. The industry median Gross Margin % is 30.95. Manila Electric Co's value of 18.50% is 40.2% below this benchmark. Historically, Manila Electric Co's own Gross Margin % has ranged from 16.12 to 23.54 over the past decade. While the company's 10-year median is 21.16 vs. the industry median of 30.95, 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 Gross Margin % for an Utilities - Regulated company?
The median Gross Margin % among Utilities - Regulated companies is 30.95, based on 491 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manila Electric Co's current Gross Margin % of 18.50% is 40.2% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Manila Electric Co and its competitors. For the Utilities - Regulated industry, the median Gross Margin % is 30.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Electric Co's current Gross Margin % is 18.50%, which is 13% below median its own 10-year median of 21.16. 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 (MAEOY) is currently considered Fairly Valued. The stock's GF Value™ is $17.68, compared to a current price of $19.27 — trading 9% above its estimated fair value. The current Gross Margin % is 18.50%, which is 13% below median its 10-year median of 21.16 and 40.2% below the Utilities - Regulated industry median of 30.95. Manila Electric Co's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Manila Electric Co (MAEOY), the current Gross Margin % is 18.50% 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 Electric Co (MAEOY) Overvalued in 2026?
Based on GuruFocus' analysis, Manila Electric Co stock appears to be overvalued.
The current stock price of $19.27 is trading 9% above its estimated GF Value™ of $17.68.
GuruFocus considers Manila Electric Co to be Fairly Valued.
Key valuation signals for MAEOY:
Gross Margin %: 18.50% (13% below median its 10-year median of 21.16)
GF Value™: $17.68 vs. price of $19.27 (9% above fair value)
Industry Position: 40.2% below the Utilities - Regulated median (#354 of 491)
No single metric tells the full story. See the MAEOY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
84GF Score
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