First Philippine HoldingsPHS:FPH 61 Pretax Margin % is 36.37% as of Mar. 2026, which is 60% above its 10-year median of 22.67. 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 501 Utilities - Regulated companies, First Philippine Holdings ranks better than 90.22% on this metric.
The historical rank and industry rank for First Philippine Holdings's Pretax Margin % or its related term are showing as below:
PHS:FPH'
s Pretax Margin % Range Over the Past 10 Years
Min: 16.01 Med: 22.67 Max: 31.63
Current: 31.63
PHS:FPH's Pretax Margin % is ranked better than 90.22% of 501
companies
in the Utilities - Regulated industry
Industry Median: 12.12
vs PHS:FPH: 31.63
First Philippine Holdings (PHS:FPH) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
First Philippine Holdings Pretax Margin % Related Terms
First Philippine Holdings Pretax Margin % 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.
PHS:FPH vs NEE, SO, DUK: Pretax Margin % Comparison
For the Utilities - Regulated Electric subindustry, First Philippine Holdings's Pretax Margin %, along with its competitors' market caps and Pretax 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.
First Philippine Holdings Pretax Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, First Philippine Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where First Philippine Holdings's Pretax 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.
First Philippine Holdings (PHS:FPH) has a Pretax Margin % of 36.37% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on First Philippine Holdings and its competitors. This is 60% above median its historical median of 22.67. Over the past decade, First Philippine Holdings' Pretax Margin % has ranged from 16.01 to 31.63. According to the industry distribution chart, First Philippine Holdings ranks #49 out of 501 companies in the Utilities - Regulated industry, placing it in the top 9.8%.
Is First Philippine Holdings' Pretax Margin % too high?
First Philippine Holdings' current Pretax Margin % of 36.37% is 60% above median its 10-year median of 22.67. Over the past 10 years, this metric has ranged from a low of 16.01 to a high of 31.63. The Utilities - Regulated industry median Pretax Margin % is 12.12. First Philippine Holdings' value of 36.37% is 200.1% above this industry median. Based on the distribution chart, First Philippine Holdings ranks #49 out of 501 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' Pretax Margin % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, First Philippine Holdings ranks #49 out of 501 companies for Pretax Margin %. This places First Philippine Holdings in the top 10% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 12.12. First Philippine Holdings' value of 36.37% is 200.1% above this benchmark. Historically, First Philippine Holdings' own Pretax Margin % has ranged from 16.01 to 31.63 over the past decade. While the company's 10-year median is 22.67 vs. the industry median of 12.12, First Philippine Holdings 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 Pretax Margin % for an Utilities - Regulated company?
The median Pretax Margin % among Utilities - Regulated companies is 12.12, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Philippine Holdings's current Pretax Margin % of 36.37% is 200.1% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on First Philippine Holdings and its competitors. For the Utilities - Regulated industry, the median Pretax Margin % is 12.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Philippine Holdings's current Pretax Margin % is 36.37%, which is 60% above median its own 10-year median of 22.67. 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 Pretax Margin % is 36.37%, which is 60% above median its 10-year median of 22.67 and 200.1% above the Utilities - Regulated industry median of 12.12. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For First Philippine Holdings (PHS:FPH), the current Pretax Margin % is 36.37% 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 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:
Pretax Margin %: 36.37% (60% above median its 10-year median of 22.67)
GF Value™: ₱58.52 vs. price of ₱80.00 (36.7% above fair value)
Industry Position: 200.1% above the Utilities - Regulated median (#49 of 501)
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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