SPC PowerPHS:SPC 84 Gross Margin % is 50.67% as of Mar. 2026, which is 102% above its 10-year median of 25.08. GuruFocus rates PHS:SPC with a GF Score™ of 84/100 and a GF Value™ of ₱9.26 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 489 Utilities - Regulated companies, SPC Power ranks better than 88.34% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. SPC Power's Gross Profit for the
three
months ended in Mar. 2026 was ₱213 Mil. SPC Power's Revenue for the
three
months ended in Mar. 2026 was ₱421 Mil. Therefore, SPC Power's Gross Margin % for the quarter that ended in Mar. 2026 was 50.67%.
The historical rank and industry rank for SPC Power's Gross Margin % or its related term are showing as below:
PHS:SPC'
s Gross Margin % Range Over the Past 10 Years
Min: 18.35 Med: 25.08 Max: 66.6
Current: 63.1
During the past 13 years, the highestGross Margin % of SPC Power was 66.60%. The lowest was 18.35%. And the median was 25.08%.
PHS:SPC's Gross Margin % is ranked better than 88.34% of 489
companies
in the Utilities - Regulated industry
Industry Median: 30.88
vs PHS:SPC: 63.10
SPC Power had a gross margin of 50.67% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for SPC Power was 14.90% per year.
SPC Power (PHS:SPC) 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
SPC Power had a gross margin of 50.67% 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.
SPC Power Gross Margin % Related Terms
SPC Power Gross Margin % Historical Data
* Premium members only.
The historical data trend for SPC Power'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.
PHS:SPC vs NEE, SO, DUK: Gross Margin % Comparison
For the Utilities - Regulated Electric subindustry, SPC Power'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.
SPC Power Gross Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, SPC Power's Gross Margin % distribution charts can be found below:
* The bar in red indicates where SPC Power'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.
SPC Power (PHS:SPC) has a Gross Margin % of 50.67% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on SPC Power and its competitors. This is 102% above median its historical median of 25.08. Over the past decade, SPC Power's Gross Margin % has ranged from 18.35 to 66.60. According to the industry distribution chart, SPC Power ranks #57 out of 489 companies in the Utilities - Regulated industry, placing it in the top 11.7%.
Is SPC Power's Gross Margin % too high?
SPC Power's current Gross Margin % of 50.67% is 102% above median its 10-year median of 25.08. Over the past 10 years, this metric has ranged from a low of 18.35 to a high of 66.60. The Utilities - Regulated industry median Gross Margin % is 30.88. SPC Power's value of 50.67% is 64.1% above this industry median. Based on the distribution chart, SPC Power ranks #57 out of 489 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 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPC Power's Gross Margin % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, SPC Power ranks #57 out of 489 companies for Gross Margin %. This places SPC Power in the top 12% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 30.88. SPC Power's value of 50.67% is 64.1% above this benchmark. Historically, SPC Power's own Gross Margin % has ranged from 18.35 to 66.60 over the past decade. While the company's 10-year median is 25.08 vs. the industry median of 30.88, 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 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. SPC Power's current Gross Margin % of 50.67% is 64.1% 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 SPC Power 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. SPC Power's current Gross Margin % is 50.67%, which is 102% above median its own 10-year median of 25.08. 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 ₱9.26, compared to a current price of ₱10.80 — trading 16.6% above its estimated fair value. The current Gross Margin % is 50.67%, which is 102% above median its 10-year median of 25.08 and 64.1% above the Utilities - Regulated industry median of 30.88. SPC Power's overall GF Score™ is 84/100 with 4 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 SPC Power (PHS:SPC), the current Gross Margin % is 50.67% 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 ₱10.80 is trading 16.6% above its estimated GF Value™ of ₱9.26.
GuruFocus considers SPC Power to be Modestly Overvalued.
Key valuation signals for PHS:SPC:
Gross Margin %: 50.67% (102% above median its 10-year median of 25.08)
GF Value™: ₱9.26 vs. price of ₱10.80 (16.6% above fair value)
Industry Position: 64.1% above the Utilities - Regulated median (#57 of 489)
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.
84GF Score
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