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SPC PowerPHS:SPC -0.19%86 Net Cash per Share is ₱2.96 as of Mar. 2026, which is 100% below its 10-year median of 4.95. GuruFocus rates PHS:SPC with a GF Score™ of 86/100 and a GF Value™ of ₱9.30 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 40 Utilities - Regulated companies, SPC Power ranks better than 70% on this metric.
The historical rank and industry rank for SPC Power's Net Cash per Share or its related term are showing as below:
PHS:SPC'
s Price-to-Net-Cash Range Over the Past 10 Years
Min: 2.21 Med: 4.95 Max: 76.5
Current: 3.47
During the past 13 years, the highest Price-to-Net-Cash Ratio of SPC Power was 76.50. The lowest was 2.21. And the median was 4.95.
PHS:SPC's Price-to-Net-Cash is ranked better than 70% of 40
companies
in the Utilities - Regulated industry
Industry Median: 6.41
vs PHS:SPC: 3.47
SPC Power (PHS:SPC) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
SPC Power Net Cash per Share Related Terms
SPC Power Net Cash per Share Historical Data
* Premium members only.
The historical data trend for SPC Power's Net Cash per Share 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: Net Cash per Share Comparison
For the Utilities - Regulated Electric subindustry, SPC Power's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, SPC Power's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where SPC Power's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
SPC Power's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
SPC Power (PHS:SPC) has a Net Cash per Share of ₱2.96 as of Mar. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on SPC Power and its competitors. This is 40% below median its historical median of 4.95. Over the past decade, SPC Power's Net Cash per Share has ranged from 2.21 to 76.50. According to the industry distribution chart, SPC Power ranks #12 out of 40 companies in the Utilities - Regulated industry, placing it in the top 30%.
Is SPC Power's Net Cash per Share too high?
SPC Power's current Net Cash per Share of ₱2.96 is 40% below median its 10-year median of 4.95. Over the past 10 years, this metric has ranged from a low of 2.21 to a high of 76.50. Based on the distribution chart, SPC Power ranks #12 out of 40 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, SPC Power has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPC Power's Net Cash per Share compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, SPC Power ranks #12 out of 40 companies for Net Cash per Share. This puts SPC Power in the upper half of its industry. The industry median Net Cash per Share is 6.41. Historically, SPC Power's own Net Cash per Share has ranged from 2.21 to 76.50 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for an Utilities - Regulated company?
The median Net Cash per Share among Utilities - Regulated companies is 6.41, based on 40 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on SPC Power and its competitors. For the Utilities - Regulated industry, the median Net Cash per Share is 6.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPC Power's current Net Cash per Share is ₱2.96, which is 40% below median its own 10-year median of 4.95. 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 ₱9.30, compared to a current price of ₱10.28 — trading 10.5% above its estimated fair value. The current Net Cash per Share is ₱2.96, which is 40% below median its 10-year median of 4.95. SPC Power's overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For SPC Power (PHS:SPC), the current Net Cash per Share is ₱2.96 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 ₱10.28 is trading 10.5% above its estimated GF Value™ of ₱9.30.
GuruFocus considers SPC Power to be Modestly Overvalued.
Key valuation signals for PHS:SPC:
Net Cash per Share: ₱2.96 (40% below median its 10-year median of 4.95)
GF Value™: ₱9.30 vs. price of ₱10.28 (10.5% above fair value)
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.
86GF Score
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