Manila Water CoPHS:MWC -2.85%95 Dividend Payout Ratio is 1.19 as of Mar. 2026, which is 240% above its 10-year median of 0.35. 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 373 Utilities - Regulated companies, Manila Water Co ranks better than 76.14% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Manila Water Co's Dividend Payout Ratio for the
months ended in Mar. 2026 was 1.19.
The historical rank and industry rank for Manila Water Co's Dividend Payout Ratio or its related term are showing as below:
PHS:MWC'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.35 Max: 0.43
Current: 0.31
During the past 13 years, the highest Dividend Payout Ratio of Manila Water Co was 0.43. The lowest was 0.21. And the median was 0.35.
PHS:MWC's Dividend Payout Ratio is ranked better than 76.14% of 373
companies
in the Utilities - Regulated industry
Industry Median: 0.54
vs PHS:MWC: 0.31
During the past 12 months, Manila Water Co's average Dividends Per Share Growth Rate was 5.90% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 64.10% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Manila Water Co was 71.00% per year. The lowest was -25.30% per year. And the median was 13.95% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Manila Water Co (PHS:MWC) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Manila Water Co Dividend Payout Ratio Related Terms
Manila Water Co Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Manila Water Co's Dividend Payout Ratio 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: Dividend Payout Ratio Comparison
For the Utilities - Regulated Water subindustry, Manila Water Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Manila Water Co's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Manila Water Co's Dividend Payout Ratio falls into.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
Manila Water Co's Dividend Payout Ratio 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.
Manila Water Co (PHS:MWC) has a Dividend Payout Ratio of 1.19 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Manila Water Co and its competitors. This is 240% above median its historical median of 0.35. Over the past decade, Manila Water Co's Dividend Payout Ratio has ranged from 0.21 to 0.43. According to the industry distribution chart, Manila Water Co ranks #89 out of 373 companies in the Utilities - Regulated industry, placing it in the top 23.9%.
Is Manila Water Co's Dividend Payout Ratio too high?
Manila Water Co's current Dividend Payout Ratio of 1.19 is 240% above median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.43. The Utilities - Regulated industry median Dividend Payout Ratio is 0.54. Manila Water Co's value of 1.19 is 120.4% above this industry median. Based on the distribution chart, Manila Water Co ranks #89 out of 373 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 Dividend Payout Ratio compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Manila Water Co ranks #89 out of 373 companies for Dividend Payout Ratio. This places Manila Water Co in the top 24% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.54. Manila Water Co's value of 1.19 is 120.4% above this benchmark. Historically, Manila Water Co's own Dividend Payout Ratio has ranged from 0.21 to 0.43 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 0.54, 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 Dividend Payout Ratio for an Utilities - Regulated company?
The median Dividend Payout Ratio among Utilities - Regulated companies is 0.54, based on 373 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manila Water Co's current Dividend Payout Ratio of 1.19 is 120.4% 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Manila Water Co and its competitors. For the Utilities - Regulated industry, the median Dividend Payout Ratio is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Water Co's current Dividend Payout Ratio is 1.19, which is 240% above median its own 10-year median of 0.35. 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 Dividend Payout Ratio is 1.19, which is 240% above median its 10-year median of 0.35 and 120.4% above the Utilities - Regulated industry median of 0.54. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Manila Water Co (PHS:MWC), the current Dividend Payout Ratio is 1.19 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:
Dividend Payout Ratio: 1.19 (240% above median its 10-year median of 0.35)
GF Value™: ₱35.89 vs. price of ₱34.05 (5.1% below fair value)
Industry Position: 120.4% above the Utilities - Regulated median (#89 of 373)
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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