Manila Electric CoPHS:MER -1.21%93 Interest Coverage is 4.93 as of Mar. 2026, which is 56% below its 10-year median of 11.23. GuruFocus rates PHS:MER with a GF Score™ of 93/100 and a GF Value™ of ₱528.22 (Fairly Valued). The stock has 9 warning signs investors should review. Among 449 Utilities - Regulated companies, Manila Electric Co ranks better than 62.81% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Manila Electric Co's
Operating Income
for the
three
months ended in Mar. 2026 was ₱10,283 Mil. Manila Electric Co's Interest Expense for the
three
months ended in Mar. 2026 was ₱-2,085 Mil.
Manila Electric Co's interest coverage for the quarter that ended in Mar. 2026 was 4.93.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Manila Electric Co's Interest Coverage or its related term are showing as below:
PHS:MER'
s Interest Coverage Range Over the Past 10 Years
Min: 5.38 Med: 11.23 Max: 20.34
Current: 5.44
PHS:MER's Interest Coverage is ranked better than 62.81% of 449
companies
in the Utilities - Regulated industry
Industry Median: 3.78
vs PHS:MER: 5.44
Manila Electric Co (PHS:MER) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Manila Electric Co Interest Coverage Related Terms
Manila Electric Co Interest Coverage Historical Data
* Premium members only.
The historical data trend for Manila Electric Co's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
PHS:MER vs NEE, SO, DUK: Interest Coverage Comparison
For the Utilities - Regulated Electric subindustry, Manila Electric Co's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Manila Electric Co's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Manila Electric Co (PHS:MER) has a Interest Coverage of 4.93 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Manila Electric Co and its competitors. This is 56% below median its historical median of 11.23. Over the past decade, Manila Electric Co's Interest Coverage has ranged from 5.38 to 20.34. According to the industry distribution chart, Manila Electric Co ranks #167 out of 449 companies in the Utilities - Regulated industry, placing it in the top 37.2%.
Is Manila Electric Co's Interest Coverage too high?
Manila Electric Co's current Interest Coverage of 4.93 is 56% below median its 10-year median of 11.23. Over the past 10 years, this metric has ranged from a low of 5.38 to a high of 20.34. The Utilities - Regulated industry median Interest Coverage is 3.78. Manila Electric Co's value of 4.93 is 30.4% above this industry median. Based on the distribution chart, Manila Electric Co ranks #167 out of 449 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Manila Electric Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Electric Co's Interest Coverage compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Manila Electric Co ranks #167 out of 449 companies for Interest Coverage. This puts Manila Electric Co in the upper half of its industry. The industry median Interest Coverage is 3.78. Manila Electric Co's value of 4.93 is 30.4% above this benchmark. Historically, Manila Electric Co's own Interest Coverage has ranged from 5.38 to 20.34 over the past decade. While the company's 10-year median is 11.23 vs. the industry median of 3.78, Manila Electric Co 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 Interest Coverage for an Utilities - Regulated company?
The median Interest Coverage among Utilities - Regulated companies is 3.78, based on 449 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manila Electric Co's current Interest Coverage of 4.93 is 30.4% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Manila Electric Co and its competitors. For the Utilities - Regulated industry, the median Interest Coverage is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Electric Co's current Interest Coverage is 4.93, which is 56% below median its own 10-year median of 11.23. 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 (PHS:MER) is currently considered Fairly Valued. The stock's GF Value™ is ₱528.22, compared to a current price of ₱573.00 — trading 8.5% above its estimated fair value. The current Interest Coverage is 4.93, which is 56% below median its 10-year median of 11.23 and 30.4% above the Utilities - Regulated industry median of 3.78. Manila Electric Co's overall GF Score™ is 93/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Manila Electric Co (PHS:MER), the current Interest Coverage is 4.93 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 (PHS:MER) Overvalued in 2026?
Based on GuruFocus' analysis, Manila Electric Co stock appears to be overvalued.
The current stock price of ₱573.00 is trading 8.5% above its estimated GF Value™ of ₱528.22.
GuruFocus considers Manila Electric Co to be Fairly Valued.
Key valuation signals for PHS:MER:
Interest Coverage: 4.93 (56% below median its 10-year median of 11.23)
GF Value™: ₱528.22 vs. price of ₱573.00 (8.5% above fair value)
Industry Position: 30.4% above the Utilities - Regulated median (#167 of 449)
No single metric tells the full story. See the PHS:MER 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.
93GF Score
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