Manila Water CoPHS:MWC -2.85%95 Net Margin % is 41.54% as of Mar. 2026, which is 52% above its 10-year median of 27.32. GuruFocus rates PHS:MWC with a GF Score™ of 95/100 and a GF Value™ of ₱35.89 (Fairly Valued). The stock has 4 warning signs investors should review. Among 501 Utilities - Regulated companies, Manila Water Co ranks better than 95.61% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Manila Water Co's Net Income for the
three
months ended in Mar. 2026 was ₱4,415 Mil. Manila Water Co's Revenue for the
three
months ended in Mar. 2026 was ₱10,630 Mil. Therefore, Manila Water Co's net margin for the quarter that ended in Mar. 2026 was 41.54%.
The historical rank and industry rank for Manila Water Co's Net Margin % or its related term are showing as below:
PHS:MWC'
s Net Margin % Range Over the Past 10 Years
Min: 17.89 Med: 27.32 Max: 40.37
Current: 40.37
PHS:MWC's Net Margin % is ranked better than 95.61% of 501
companies
in the Utilities - Regulated industry
Industry Median: 8.8
vs PHS:MWC: 40.37
Manila Water Co (PHS:MWC) 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 Water Co Net Margin % Related Terms
Manila Water Co Net Margin % Historical Data
* Premium members only.
The historical data trend for Manila Water 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.
PHS:MWC vs AWK, WTRG, AWR: Net Margin % Comparison
For the Utilities - Regulated Water subindustry, Manila Water 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 Water Co Net Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Manila Water Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where Manila Water 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 Water Co (PHS:MWC) has a Net Margin % of 41.54% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Manila Water Co and its competitors. This is 52% above median its historical median of 27.32. Over the past decade, Manila Water Co's Net Margin % has ranged from 17.89 to 40.37. According to the industry distribution chart, Manila Water Co ranks #22 out of 501 companies in the Utilities - Regulated industry, placing it in the top 4.4%.
Is Manila Water Co's Net Margin % too high?
Manila Water Co's current Net Margin % of 41.54% is 52% above median its 10-year median of 27.32. Over the past 10 years, this metric has ranged from a low of 17.89 to a high of 40.37. The Utilities - Regulated industry median Net Margin % is 8.80. Manila Water Co's value of 41.54% is 372% above this industry median. Based on the distribution chart, Manila Water Co ranks #22 out of 501 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Manila Water Co has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Water Co's Net Margin % compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Manila Water Co ranks #22 out of 501 companies for Net Margin %. This places Manila Water Co in the top 4% of its industry — outperforming the majority of peers. The industry median Net Margin % is 8.80. Manila Water Co's value of 41.54% is 372% above this benchmark. Historically, Manila Water Co's own Net Margin % has ranged from 17.89 to 40.37 over the past decade. While the company's 10-year median is 27.32 vs. the industry median of 8.80, Manila Water 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 Water Co's current Net Margin % of 41.54% is 372% 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 Water 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 Water Co's current Net Margin % is 41.54%, which is 52% above median its own 10-year median of 27.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manila Water Co stock overvalued right now?
Based on GuruFocus' analysis, Manila Water Co (PHS:MWC) is currently considered Fairly Valued. The stock's GF Value™ is ₱35.89, compared to a current price of ₱34.05 — trading 5.1% below its estimated fair value. The current Net Margin % is 41.54%, which is 52% above median its 10-year median of 27.32 and 372% above the Utilities - Regulated industry median of 8.80. Manila Water Co's overall GF Score™ is 95/100 with 4 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 Water Co (PHS:MWC), the current Net Margin % is 41.54% 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 Water Co (PHS:MWC) Overvalued in 2026?
Based on GuruFocus' analysis, Manila Water Co stock appears to be undervalued.
The current stock price of ₱34.05 is trading 5.1% below its estimated GF Value™ of ₱35.89.
GuruFocus considers Manila Water Co to be Fairly Valued.
Key valuation signals for PHS:MWC:
Net Margin %: 41.54% (52% above median its 10-year median of 27.32)
GF Value™: ₱35.89 vs. price of ₱34.05 (5.1% below fair value)
Industry Position: 372% above the Utilities - Regulated median (#22 of 501)
No single metric tells the full story. See the PHS:MWC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manila Water Co Inc holds the exclusive right to provide water and used water services in the East Zone of Metro Manila under a concession agreement with the Metropolitan Waterworks and Sewerage System. The company delivers water treatment, distribution, sewerage, and sanitation services to a large population across residential, commercial, and industrial customers. Its service area covers several cities and municipalities in Metro Manila and nearby parts of Rizal, including urban centers such as Makati, Pasig, Quezon City, Taguig, and Marikina, along with surrounding towns.
95GF Score
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