SPC PowerPHS:SPC 84 Net Margin % is 75.62% as of Mar. 2026, which is 23% above its 10-year median of 61.52. GuruFocus rates PHS:SPC with a GF Score™ of 84/100 and a GF Value™ of ₱9.26 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 501 Utilities - Regulated companies, SPC Power ranks better than 98.2% on this metric.
Net margin is calculated as Net Income divided by its Revenue. SPC Power's Net Income for the
three
months ended in Mar. 2026 was ₱318 Mil. SPC Power's Revenue for the
three
months ended in Mar. 2026 was ₱421 Mil. Therefore, SPC Power's net margin for the quarter that ended in Mar. 2026 was 75.62%.
The historical rank and industry rank for SPC Power's Net Margin % or its related term are showing as below:
PHS:SPC'
s Net Margin % Range Over the Past 10 Years
Min: 40.71 Med: 61.52 Max: 80.33
Current: 75.8
PHS:SPC's Net Margin % is ranked better than 98.2% of 501
companies
in the Utilities - Regulated industry
Industry Median: 8.8
vs PHS:SPC: 75.80
SPC Power (PHS:SPC) 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.
SPC Power Net Margin % Related Terms
SPC Power Net Margin % Historical Data
* Premium members only.
The historical data trend for SPC Power'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, SPC Power'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.
SPC Power Net Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, SPC Power's Net Margin % distribution charts can be found below:
* The bar in red indicates where SPC Power'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.
SPC Power (PHS:SPC) has a Net Margin % of 75.62% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on SPC Power and its competitors. This is 23% above median its historical median of 61.52. Over the past decade, SPC Power's Net Margin % has ranged from 40.71 to 80.33. According to the industry distribution chart, SPC Power ranks #9 out of 501 companies in the Utilities - Regulated industry, placing it in the top 1.8%.
Is SPC Power's Net Margin % too high?
SPC Power's current Net Margin % of 75.62% is 23% above median its 10-year median of 61.52. Over the past 10 years, this metric has ranged from a low of 40.71 to a high of 80.33. The Utilities - Regulated industry median Net Margin % is 8.80. SPC Power's value of 75.62% is 759.3% above this industry median. Based on the distribution chart, SPC Power ranks #9 out of 501 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, SPC Power has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPC Power's Net Margin % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, SPC Power ranks #9 out of 501 companies for Net Margin %. This places SPC Power in the top 2% of its industry — outperforming the majority of peers. The industry median Net Margin % is 8.80. SPC Power's value of 75.62% is 759.3% above this benchmark. Historically, SPC Power's own Net Margin % has ranged from 40.71 to 80.33 over the past decade. While the company's 10-year median is 61.52 vs. the industry median of 8.80, SPC Power 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. SPC Power's current Net Margin % of 75.62% is 759.3% 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 SPC Power 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. SPC Power's current Net Margin % is 75.62%, which is 23% above median its own 10-year median of 61.52. 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 ₱9.26, compared to a current price of ₱10.80 — trading 16.6% above its estimated fair value. The current Net Margin % is 75.62%, which is 23% above median its 10-year median of 61.52 and 759.3% above the Utilities - Regulated industry median of 8.80. SPC Power's overall GF Score™ is 84/100 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 SPC Power (PHS:SPC), the current Net Margin % is 75.62% 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 ₱10.80 is trading 16.6% above its estimated GF Value™ of ₱9.26.
GuruFocus considers SPC Power to be Modestly Overvalued.
Key valuation signals for PHS:SPC:
Net Margin %: 75.62% (23% above median its 10-year median of 61.52)
GF Value™: ₱9.26 vs. price of ₱10.80 (16.6% above fair value)
Industry Position: 759.3% above the Utilities - Regulated median (#9 of 501)
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.
84GF Score
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