Manila Electric CoPHS:MER -1.21%93 Net Margin % is 8.97% as of Mar. 2026, which is 21% above its 10-year median of 7.42. 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 501 Utilities - Regulated companies, Manila Electric Co ranks better than 56.69% on this metric.
The historical rank and industry rank for Manila Electric Co's Net Margin % or its related term are showing as below:
PHS:MER'
s Net Margin % Range Over the Past 10 Years
Min: 5.93 Med: 7.42 Max: 10.28
Current: 10.23
PHS:MER's Net Margin % is ranked better than 56.69% of 501
companies
in the Utilities - Regulated industry
Industry Median: 8.8
vs PHS:MER: 10.23
Manila Electric Co (PHS:MER) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Manila Electric Co Net Margin % Related Terms
Manila Electric Co Net Margin % Historical Data
* Premium members only.
The historical data trend for Manila Electric Co's Net 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.
For the Utilities - Regulated Electric subindustry, Manila Electric Co's Net Margin %, along with its competitors' market caps and Net 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.
Manila Electric Co Net Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where Manila Electric Co's Net 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.
Manila Electric Co (PHS:MER) has a Net Margin % of 8.97% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Manila Electric Co and its competitors. This is 21% above median its historical median of 7.42. Over the past decade, Manila Electric Co's Net Margin % has ranged from 5.93 to 10.28. According to the industry distribution chart, Manila Electric Co ranks #217 out of 501 companies in the Utilities - Regulated industry, placing it in the top 43.3%.
Is Manila Electric Co's Net Margin % too high?
Manila Electric Co's current Net Margin % of 8.97% is 21% above median its 10-year median of 7.42. Over the past 10 years, this metric has ranged from a low of 5.93 to a high of 10.28. The Utilities - Regulated industry median Net Margin % is 8.80. Manila Electric Co's value of 8.97% is 1.9% above this industry median. Based on the distribution chart, Manila Electric Co ranks #217 out of 501 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 Net Margin % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Manila Electric Co ranks #217 out of 501 companies for Net Margin %. This puts Manila Electric Co in the upper half of its industry. The industry median Net Margin % is 8.80. Manila Electric Co's value of 8.97% is 1.9% above this benchmark. Historically, Manila Electric Co's own Net Margin % has ranged from 5.93 to 10.28 over the past decade. While the company's 10-year median is 7.42 vs. the industry median of 8.80, 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 Net Margin % for an Utilities - Regulated company?
The median Net Margin % among Utilities - Regulated companies is 8.80, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manila Electric Co's current Net Margin % of 8.97% is 1.9% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Manila Electric Co and its competitors. For the Utilities - Regulated industry, the median Net Margin % is 8.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Electric Co's current Net Margin % is 8.97%, which is 21% above median its own 10-year median of 7.42. 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 Net Margin % is 8.97%, which is 21% above median its 10-year median of 7.42 and 1.9% above the Utilities - Regulated industry median of 8.80. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Manila Electric Co (PHS:MER), the current Net Margin % is 8.97% 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:
Net Margin %: 8.97% (21% above median its 10-year median of 7.42)
GF Value™: ₱528.22 vs. price of ₱573.00 (8.5% above fair value)
Industry Position: 1.9% above the Utilities - Regulated median (#217 of 501)
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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