FSGCY (First Gen) PB Ratio: 0.31 (As of Jun. 24, 2026) — 52% Below Median


FSGCY First Gen Corp FSGCY
56 GF Score
Price $5.35
GF Value $2.05
Valuation Significantly Overvalued
! 9 Warning Signs
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What is First Gen PB Ratio?

First Gen FSGCY 56 PB Ratio is 0.31 as of Jun. 24, 2026, which is 52% below its 10-year median of 0.64. GuruFocus rates FSGCY with a GF Score™ of 56/100 and a GF Value™ of $2.05 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 430 Utilities - Independent Power Producers companies, First Gen ranks better than 93.02% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-24), First Gen's share price is $5.35. First Gen's Book Value per Share for the quarter that ended in Mar. 2026 was $17.08. Hence, First Gen's PB Ratio of today is 0.31.

Good Sign:

First Gen Corp stock PB Ratio (=0.31) is close to 10-year low of 0.29.

The historical rank and industry rank for First Gen's PB Ratio or its related term are showing as below:

FSGCY' s PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.64   Max: 1.23
Current: 0.31

During the past 13 years, First Gen's highest PB Ratio was 1.23. The lowest was 0.29. And the median was 0.64.

FSGCY's PB Ratio is ranked better than
93.02% of 430 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.36 vs FSGCY: 0.31

During the past 12 months, First Gen's average Book Value Per Share Growth Rate was 17.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 13.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 10.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 9.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of First Gen was 13.00% per year. The lowest was -4.00% per year. And the median was 8.75% per year.

Back to Basics: PB Ratio


First Gen  (OTCPK:FSGCY) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


First Gen PB Ratio Related Terms


First Gen PB Ratio Historical Data

* Premium members only.

The historical data trend for First Gen's PB 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.

First Gen PB Ratio Chart

First Gen Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.10 0.50 0.48 0.48 0.25

First Gen Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.47 0.45 0.58 0.25 0.35

First Gen PB Ratio Competitor Comparison

For the Utilities - Renewable subindustry, First Gen's PB Ratio, along with its competitors' market caps and PB 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.


First Gen PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, First Gen's PB Ratio distribution charts can be found below:

* The bar in red indicates where First Gen's PB Ratio falls into.


FSGCY
56GF Score
First Gen Corp FSGCY
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Gen PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

First Gen's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=5.35/17.076
=0.31

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.31 mean?
First Gen (FSGCY) has a PB Ratio of 0.31 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on First Gen and its competitors. This is 52% below median its historical median of 0.64. Over the past decade, First Gen's PB Ratio has ranged from 0.29 to 1.23. According to the industry distribution chart, First Gen ranks #30 out of 430 companies in the Utilities - Independent Power Producers industry, placing it in the top 7%.
Is First Gen's PB Ratio too high?
First Gen's current PB Ratio of 0.31 is 52% below median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 1.23. The Utilities - Independent Power Producers industry median PB Ratio is 1.36. First Gen's value of 0.31 is 77.2% below this industry median. Based on the distribution chart, First Gen ranks #30 out of 430 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, First Gen has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Gen's PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, First Gen ranks #30 out of 430 companies for PB Ratio. This places First Gen in the top 7% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.36. First Gen's value of 0.31 is 77.2% below this benchmark. Historically, First Gen's own PB Ratio has ranged from 0.29 to 1.23 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 1.36, First Gen has consistently been below 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 PB Ratio for an Utilities - Independent Power Producers company?
The median PB Ratio among Utilities - Independent Power Producers companies is 1.36, based on 430 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Gen's current PB Ratio of 0.31 is 77.2% below 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on First Gen and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Gen's current PB Ratio is 0.31, which is 52% below median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Gen stock overvalued right now?
Based on GuruFocus' analysis, First Gen (FSGCY) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.05, compared to a current price of $5.35 — trading 161% above its estimated fair value. The current PB Ratio is 0.31, which is 52% below median its 10-year median of 0.64 and 77.2% below the Utilities - Independent Power Producers industry median of 1.36. First Gen's overall GF Score™ is 56/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For First Gen (FSGCY), the current PB Ratio is 0.31 as of Jun. 24, 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 First Gen (FSGCY) Overvalued in 2026?

Based on GuruFocus' analysis, First Gen stock appears to be overvalued. The current stock price of $5.35 is trading 161% above its estimated GF Value™ of $2.05. GuruFocus considers First Gen to be Significantly Overvalued.

Key valuation signals for FSGCY:

  • PB Ratio: 0.31 (52% below median its 10-year median of 0.64)
  • GF Value™: $2.05 vs. price of $5.35 (161% above fair value)
  • GF Score™: 56/100 with 9 warning signs
  • Industry Position: 77.2% below the Utilities - Independent Power Producers median (#30 of 430)

No single metric tells the full story. See the FSGCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Gen Business Description

Other Exchanges FGEN:Philippines
Address Ortigas Avenue, 6th Floor, Rockwell Business Center, Tower 3, Pasig, PHL, 1604
First Gen Corp is an independent electric utility company operating in the Philippines. First Gen develops, finances, builds, bids for, and operate power generation projects. The company generates a amount of Filipino energy needs through its portfolio of natural gas, wind, solar, hydro, and geothermal power plants located in the country. Majority of the power generated by First Gen is produced through natural gas and geothermal fuel sources. It operates in six segments: FGPC, FGP, EDC and Subsidiaries, FGEN LNG, FNPC, and Prime Meridian. The company only operates in Philippines.
56GF Score

Get the complete analysis for FSGCY

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.35
Price
$2.05
GF Value