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The historical rank and industry rank for Manila Electric Co's Price-to-Tangible-Book or its related term are showing as below:
PHS:MER'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.5 Med: 5.05 Max: 6.55
Current: 3.87
During the past 13 years, Manila Electric Co's highest Price to Tangible Book Ratio was 6.55. The lowest was 3.50. And the median was 5.05.
PHS:MER's Price-to-Tangible-Book is ranked worse than 85.11% of 450
companies
in the Utilities - Regulated industry
Industry Median: 1.725
vs PHS:MER: 3.87
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.
Manila Electric Co Price-to-Tangible-Book Related Terms
Manila Electric Co Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Manila Electric Co'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.
PHS:MER vs NEE, SO, DUK: Price-to-Tangible-Book Comparison
For the Utilities - Regulated Electric subindustry, Manila Electric Co'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.
Manila Electric Co Price-to-Tangible-Book vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Manila Electric Co'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.
Manila Electric Co (PHS:MER) has a Price-to-Tangible-Book of 3.87 as of Sep. 10, 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 Manila Electric Co and its competitors. According to the industry distribution chart, Manila Electric Co ranks #383 out of 450 companies in the Utilities - Regulated industry, placing it in the top 85.1%.
Is Manila Electric Co's Price-to-Tangible-Book too high?
Manila Electric Co's current Price-to-Tangible-Book is 3.87. The Utilities - Regulated industry median Price-to-Tangible-Book is 1.73. Manila Electric Co's value of 3.87 is 124.3% above this industry median. Based on the distribution chart, Manila Electric Co ranks #383 out of 450 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Manila Electric Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manila Electric Co's Price-to-Tangible-Book compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Manila Electric Co ranks #383 out of 450 companies for Price-to-Tangible-Book. This places Manila Electric Co in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.73. Manila Electric Co's value of 3.87 is 124.3% above 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 - Regulated company?
The median Price-to-Tangible-Book among Utilities - Regulated companies is 1.73, based on 450 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. Manila Electric Co's current Price-to-Tangible-Book of 3.87 is 124.3% 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 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 Manila Electric Co and its competitors. For the Utilities - Regulated industry, the median Price-to-Tangible-Book is 1.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Electric Co's current Price-to-Tangible-Book is 3.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manila Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Manila Electric Co (PHS:MER) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱561.63, compared to a current price of ₱485.00 — trading 13.6% below its estimated fair value. The current Price-to-Tangible-Book is 3.87 and 124.3% above the Utilities - Regulated industry median of 1.73. Manila Electric Co's overall GF Score™ is 90/100 with 5 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 Manila Electric Co (PHS:MER), the current Price-to-Tangible-Book is 3.87 as of Sep. 10, 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 Electric Co (PHS:MER) Overvalued in 2026?
Based on GuruFocus' analysis, Manila Electric Co stock appears to be undervalued.
The current stock price of ₱485.00 is trading 13.6% below its estimated GF Value™ of ₱561.63.
GuruFocus considers Manila Electric Co to be Modestly Undervalued.
Key valuation signals for PHS:MER:
Price-to-Tangible-Book: 3.87
GF Value™: ₱561.63 vs. price of ₱485.00 (13.6% below fair value)
Industry Position: 124.3% above the Utilities - Regulated median (#383 of 450)
No single metric tells the full story. See the PHS:MER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manila Electric Co is an electric utility company operating in the Philippines. Along with its subsidiaries, it is mainly engaged in the distribution and sale of electric energy through the distribution network facilities in its franchise area. The company's market is categorized into four classes, namely, residential, commercial, industrial, and streetlights. Additionally, it is involved in certain unregulated activities, which consist of power generation; retail electricity supply (RES); energy infrastructure, payment fulfilment, bills collection, after-the-meter and energy management, telecommunications services, insurance and re-insurance, and other businesses. The group's reportable segments are: Power and Other Services. The majority of its revenue is derived from the Power segment.
90GF Score
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