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First GenFSGCY 63 Price-to-Tangible-Book is 0.29 as of Sep. 22, 2026. GuruFocus rates FSGCY with a GF Score™ of 63/100 and a GF Value™ of $1.56. The stock has 10 warning signs investors should review. Among 405 Utilities - Independent Power Producers companies, First Gen ranks better than 82.72% on this metric.
As of today (2026-09-22), First Gen's share price is $5.35. First Gen's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was $18.34. Hence, First Gen's Price to Tangible Book Ratio of today is 0.29.
The historical rank and industry rank for First Gen's Price-to-Tangible-Book or its related term are showing as below:
FSGCY'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.46 Med: 1.34 Max: 3.58
Current: 0.69
During the past 13 years, First Gen's highest Price to Tangible Book Ratio was 3.58. The lowest was 0.46. And the median was 1.34.
FSGCY's Price-to-Tangible-Book is ranked better than 82.72% of 405
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.41
vs FSGCY: 0.69
A closely related ratio is called PB Ratio. As of today, First Gen's share price is $5.35. First Gen's Book Value per Sharefor the quarter that ended in Jun. 2026 was $24.34. Hence, First Gen's P/B Ratio of today is 0.22.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
First Gen Price-to-Tangible-Book Related Terms
First Gen Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for First Gen's Price-to-Tangible-Book 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 Price-to-Tangible-Book Competitor Comparison
For the Utilities - Renewable subindustry, First Gen's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, First Gen's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where First Gen's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
First Gen (FSGCY) has a Price-to-Tangible-Book of 0.29 as of Sep. 22, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on First Gen and its competitors. According to the industry distribution chart, First Gen ranks #70 out of 405 companies in the Utilities - Independent Power Producers industry, placing it in the top 17.3%.
Is First Gen's Price-to-Tangible-Book too high?
First Gen's current Price-to-Tangible-Book is 0.29. The Utilities - Independent Power Producers industry median Price-to-Tangible-Book is 1.41. First Gen's value of 0.29 is 79.4% below this industry median. Based on the distribution chart, First Gen ranks #70 out of 405 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 63/100, reflecting its overall financial health beyond just this single metric.
How does First Gen's Price-to-Tangible-Book compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, First Gen ranks #70 out of 405 companies for Price-to-Tangible-Book. This places First Gen in the top 17% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 1.41. First Gen's value of 0.29 is 79.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for an Utilities - Independent Power Producers company?
The median Price-to-Tangible-Book among Utilities - Independent Power Producers companies is 1.41, based on 405 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Gen's current Price-to-Tangible-Book of 0.29 is 79.4% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on First Gen and its competitors. For the Utilities - Independent Power Producers industry, the median Price-to-Tangible-Book is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Gen's current Price-to-Tangible-Book is 0.29. 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?
First Gen (FSGCY) has a current Price-to-Tangible-Book of 0.29. The stock's GF Value™ is $1.56, compared to a current price of $5.35 — trading 242.9% above its estimated fair value. The current Price-to-Tangible-Book is 0.29 and 79.4% below the Utilities - Independent Power Producers industry median of 1.41. First Gen's overall GF Score™ is 63/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For First Gen (FSGCY), the current Price-to-Tangible-Book is 0.29 as of Sep. 22, 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 242.9% above its estimated GF Value™ of $1.56.
Key valuation signals for FSGCY:
Price-to-Tangible-Book: 0.29
GF Value™: $1.56 vs. price of $5.35 (242.9% above fair value)
Industry Position: 79.4% below the Utilities - Independent Power Producers median (#70 of 405)
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 Corporation is an independent power generation company in the Philippines. It develops, finances, builds, and operates power plants spanning natural gas, geothermal, hydro, wind, and solar energy, giving it one of the country's most diversified and low-carbon generation portfolios. Its principal subsidiaries include First Gas Power Corporation and FGP Corporation, which run natural gas-fired plants, and Energy Development Corporation, a major geothermal producer. The company also operates the First Gen LNG import terminal, which supplies regasified liquefied natural gas to its gas-fired facilities, and holds interests in hydroelectric and wind projects. First Gen sells electricity primarily to distribution utilities, industrial customers, and the wholesale electricity spot market under long-term power supply agreements and merchant arrangements. Its operations are concentrated entirely in the Philippines, and revenue is derived mainly from electricity sales and related energy services.
63GF Score
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