First Philippine HoldingsPHS:FPH 61 PB Ratio is 0.17 as of Jun. 24, 2026, which is 43% below its 10-year median of 0.30. GuruFocus rates PHS:FPH with a GF Score™ of 61/100 and a GF Value™ of ₱58.52 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 502 Utilities - Regulated companies, First Philippine Holdings ranks better than 98.01% on this metric.
The historical rank and industry rank for First Philippine Holdings's PB Ratio or its related term are showing as below:
PHS:FPH'
s PB Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.3 Max: 0.57
Current: 0.17
During the past 13 years, First Philippine Holdings's highest PB Ratio was 0.57. The lowest was 0.15. And the median was 0.30.
PHS:FPH's PB Ratio is ranked better than 98.01% of 502
companies
in the Utilities - Regulated industry
Industry Median: 1.43
vs PHS:FPH: 0.17
During the past 12 months, First Philippine Holdings's average Book Value Per Share Growth Rate was 27.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 17.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 15.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 13.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of First Philippine Holdings was 47.00% per year. The lowest was -10.90% per year. And the median was 11.05% per year.
Back to Basics: PB Ratio
First Philippine Holdings (PHS:FPH) PB Ratio Explanation
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 Philippine Holdings PB Ratio Related Terms
First Philippine Holdings PB Ratio Historical Data
* 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, First Philippine Holdings'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 Philippine Holdings PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, First Philippine Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where First Philippine Holdings's PB Ratio falls into.
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.
* 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.
First Philippine Holdings (PHS:FPH) has a PB Ratio of 0.17 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 Philippine Holdings and its competitors. This is 43% below median its historical median of 0.30. Over the past decade, First Philippine Holdings' PB Ratio has ranged from 0.15 to 0.57. According to the industry distribution chart, First Philippine Holdings ranks #10 out of 502 companies in the Utilities - Regulated industry, placing it in the top 2%.
Is First Philippine Holdings' PB Ratio too high?
First Philippine Holdings' current PB Ratio of 0.17 is 43% below median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.57. The Utilities - Regulated industry median PB Ratio is 1.43. First Philippine Holdings' value of 0.17 is 88.1% below this industry median. Based on the distribution chart, First Philippine Holdings ranks #10 out of 502 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, First Philippine Holdings has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Philippine Holdings' PB Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, First Philippine Holdings ranks #10 out of 502 companies for PB Ratio. This places First Philippine Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.43. First Philippine Holdings' value of 0.17 is 88.1% below this benchmark. Historically, First Philippine Holdings' own PB Ratio has ranged from 0.15 to 0.57 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 1.43, First Philippine Holdings 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 - Regulated company?
The median PB Ratio among Utilities - Regulated companies is 1.43, based on 502 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 Philippine Holdings's current PB Ratio of 0.17 is 88.1% 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 Philippine Holdings and its competitors. For the Utilities - Regulated industry, the median PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Philippine Holdings's current PB Ratio is 0.17, which is 43% below median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Philippine Holdings stock overvalued right now?
Based on GuruFocus' analysis, First Philippine Holdings (PHS:FPH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱58.52, compared to a current price of ₱80.00 — trading 36.7% above its estimated fair value. The current PB Ratio is 0.17, which is 43% below median its 10-year median of 0.30 and 88.1% below the Utilities - Regulated industry median of 1.43. First Philippine Holdings' overall GF Score™ is 61/100 with 8 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 Philippine Holdings (PHS:FPH), the current PB Ratio is 0.17 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 Philippine Holdings (PHS:FPH) Overvalued in 2026?
Based on GuruFocus' analysis, First Philippine Holdings stock appears to be overvalued.
The current stock price of ₱80.00 is trading 36.7% above its estimated GF Value™ of ₱58.52.
GuruFocus considers First Philippine Holdings to be Significantly Overvalued.
Key valuation signals for PHS:FPH:
PB Ratio: 0.17 (43% below median its 10-year median of 0.30)
GF Value™: ₱58.52 vs. price of ₱80.00 (36.7% above fair value)
Industry Position: 88.1% below the Utilities - Regulated median (#10 of 502)
No single metric tells the full story. See the PHS:FPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Philippine Holdings Corporation are engaged mainly in, but not limited to, power generation, real estate development, energy solutions, construction and other service industries. The company's segments its activities into Power Generation, Real Estate Development, Energy Solutions, Construction, and other services. The majority of revenue comes from Power Generation segment. The Power generation has one geographical segment. Real Estate Development has presence in National Capital Region, Central Luzon, Southern Luzon, Central Visayas, Western Visayas of which majority of revenue comes from National capital region.
61GF Score
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