First Philippine HoldingsPHS:FPH 61 Gross Margin % is 46.34% as of Mar. 2026, which is 25% above its 10-year median of 37.09. GuruFocus rates PHS:FPH with a GF Score™ of 61/100 and a GF Value™ of ₱58.52 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 489 Utilities - Regulated companies, First Philippine Holdings ranks better than 74.23% on this metric.
First Philippine Holdings (PHS:FPH) 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
First Philippine Holdings had a gross margin of 46.34% for the quarter that ended in Mar. 2026 => Durable 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.
First Philippine Holdings Gross Margin % Related Terms
First Philippine Holdings Gross Margin % 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: Gross Margin % Comparison
For the Utilities - Regulated Electric subindustry, First Philippine Holdings'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.
First Philippine Holdings Gross Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, First Philippine Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where First Philippine Holdings'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.
First Philippine Holdings (PHS:FPH) has a Gross Margin % of 46.34% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on First Philippine Holdings and its competitors. This is 25% above median its historical median of 37.09. Over the past decade, First Philippine Holdings' Gross Margin % has ranged from 28.95 to 44.56. According to the industry distribution chart, First Philippine Holdings ranks #126 out of 489 companies in the Utilities - Regulated industry, placing it in the top 25.8%.
Is First Philippine Holdings' Gross Margin % too high?
First Philippine Holdings' current Gross Margin % of 46.34% is 25% above median its 10-year median of 37.09. Over the past 10 years, this metric has ranged from a low of 28.95 to a high of 44.56. The Utilities - Regulated industry median Gross Margin % is 30.88. First Philippine Holdings' value of 46.34% is 50.1% above this industry median. Based on the distribution chart, First Philippine Holdings ranks #126 out of 489 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, First Philippine Holdings has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Philippine Holdings' Gross Margin % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, First Philippine Holdings ranks #126 out of 489 companies for Gross Margin %. This puts First Philippine Holdings in the upper half of its industry. The industry median Gross Margin % is 30.88. First Philippine Holdings' value of 46.34% is 50.1% above this benchmark. Historically, First Philippine Holdings' own Gross Margin % has ranged from 28.95 to 44.56 over the past decade. While the company's 10-year median is 37.09 vs. the industry median of 30.88, First Philippine Holdings 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 Gross Margin % for an Utilities - Regulated company?
The median Gross Margin % among Utilities - Regulated companies is 30.88, based on 489 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. First Philippine Holdings's current Gross Margin % of 46.34% is 50.1% 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 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 First Philippine Holdings and its competitors. For the Utilities - Regulated industry, the median Gross Margin % is 30.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Philippine Holdings's current Gross Margin % is 46.34%, which is 25% above median its own 10-year median of 37.09. 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 ₱58.52, compared to a current price of ₱80.00 — trading 36.7% above its estimated fair value. The current Gross Margin % is 46.34%, which is 25% above median its 10-year median of 37.09 and 50.1% above the Utilities - Regulated industry median of 30.88. First Philippine Holdings' overall GF Score™ is 61/100 with 8 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 First Philippine Holdings (PHS:FPH), the current Gross Margin % is 46.34% 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 ₱80.00 is trading 36.7% above its estimated GF Value™ of ₱58.52.
GuruFocus considers First Philippine Holdings to be Significantly Overvalued.
Key valuation signals for PHS:FPH:
Gross Margin %: 46.34% (25% above median its 10-year median of 37.09)
GF Value™: ₱58.52 vs. price of ₱80.00 (36.7% above fair value)
Industry Position: 50.1% above the Utilities - Regulated median (#126 of 489)
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.
61GF Score
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