Manila Electric Co (PHS:MER) Moat Score: 7/10 (As of Jun. 26, 2026)


PHS:MER Manila Electric Co PHS:MER
94 GF Score
Price ₱574.00
GF Value ₱528.39
Valuation Fairly Valued
! 9 Warning Signs
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What is Manila Electric Co Moat Score?

Manila Electric Co PHS:MER +0.17% 94 Moat Score is 7 as of Jun. 26, 2026. GuruFocus rates PHS:MER with a GF Score™ of 94/100 and a GF Value™ of ₱528.39 (Fairly Valued). The stock has 9 warning signs investors should review. Among 546 Utilities - Regulated companies, Manila Electric Co ranks better than 99.08% on this metric.

Manila Electric Co has the Moat Score of 7, which implies that the company might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Manila Electric Co has Wide Moat: Manila Electric Co has a wide moat due to its dominant market position in the Philippines' electricity distribution sector. It benefits from significant regulatory barriers, strong brand recognition, and customer loyalty. The company has durable cost advantages and pricing power, supported by its extensive distribution network.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Manila Electric Co might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Manila Electric Co  (PHS:MER) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Manila Electric Co Moat Score Related Terms

PHS:MER vs NEE, SO, DUK: Moat Score Comparison

For the Utilities - Regulated Electric subindustry, Manila Electric Co's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's Moat Score distribution charts can be found below:

* The bar in red indicates where Manila Electric Co's Moat Score falls into.


PHS:MER
94GF Score
Manila Electric Co PHS:MER
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 7 mean?
Manila Electric Co (PHS:MER) has a Moat Score of 7 as of Jun. 26, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Manila Electric Co ranks #5 out of 546 companies in the Utilities - Regulated industry, placing it in the top 0.90000000000001%.
Is Manila Electric Co's Moat Score too high?
Manila Electric Co's current Moat Score is 7. Based on the distribution chart, Manila Electric Co ranks #5 out of 546 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Manila Electric Co has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Electric Co's Moat Score compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Manila Electric Co ranks #5 out of 546 companies for Moat Score. This places Manila Electric Co in the top 1% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for an Utilities - Regulated company?
A good Moat Score depends on the Utilities - Regulated industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Manila Electric Co's current Moat Score is 7. 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 ₱528.39, compared to a current price of ₱574.00 — trading 8.6% above its estimated fair value. The current Moat Score is 7. Manila Electric Co's overall GF Score™ is 94/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Manila Electric Co (PHS:MER), the current Moat Score is 7 as of Jun. 26, 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 ₱574.00 is trading 8.6% above its estimated GF Value™ of ₱528.39. GuruFocus considers Manila Electric Co to be Fairly Valued.

Key valuation signals for PHS:MER:

  • Moat Score: 7
  • GF Value™: ₱528.39 vs. price of ₱574.00 (8.6% above fair value)
  • GF Score™: 94/100 with 9 warning signs

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 Business Description

Other Exchanges MERVF:USAMAEOY:USA
Address Ortigas Avenue, Lopez Building, Barangay Ugong, Pasig, PHL, 1605
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.
94GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱574.00
Price
₱528.39
GF Value