Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
SPC PowerPHS:SPC -0.94%90 Price-to-Tangible-Book is 1.20 as of Aug. 16, 2026, which is 4% above its 10-year median of 1.15. GuruFocus rates PHS:SPC with a GF Score™ of 90/100 and a GF Value™ of ₱9.34 (Fairly Valued). The stock has 1 warning sign investors should review. Among 449 Utilities - Regulated companies, SPC Power ranks better than 64.81% on this metric.
As of today (2026-08-16), SPC Power's share price is ₱9.50. SPC Power's Tangible Book per Share of Mar. 2026 for the quarter that ended in Mar. 2026 was ₱7.93. Hence, SPC Power's Price to Tangible Book Ratio of today is 1.20.
The historical rank and industry rank for SPC Power's Price-to-Tangible-Book or its related term are showing as below:
PHS:SPC'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.71 Med: 1.15 Max: 2.26
Current: 1.2
During the past 13 years, SPC Power's highest Price to Tangible Book Ratio was 2.26. The lowest was 0.71. And the median was 1.15.
PHS:SPC's Price-to-Tangible-Book is ranked better than 64.81% of 449
companies
in the Utilities - Regulated industry
Industry Median: 1.71
vs PHS:SPC: 1.20
A closely related ratio is called PB Ratio. As of today, SPC Power's share price is ₱9.50. SPC Power's Book Value per Sharefor the quarter that ended in Mar. 2026 was ₱7.93. Hence, SPC Power's P/B Ratio of today is 1.20.
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.
SPC Power Price-to-Tangible-Book Related Terms
SPC Power Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for SPC Power'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:SPC vs NEE, SO, DUK: Price-to-Tangible-Book Comparison
For the Utilities - Regulated Electric subindustry, SPC Power'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.
SPC Power Price-to-Tangible-Book vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, SPC Power's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where SPC Power'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.
SPC Power (PHS:SPC) has a Price-to-Tangible-Book of 1.20 as of Aug. 16, 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 SPC Power and its competitors. This is near median its historical median of 1.15. Over the past decade, SPC Power's Price-to-Tangible-Book has ranged from 0.71 to 2.26. According to the industry distribution chart, SPC Power ranks #158 out of 449 companies in the Utilities - Regulated industry, placing it in the top 35.2%.
Is SPC Power's Price-to-Tangible-Book too high?
SPC Power's current Price-to-Tangible-Book of 1.20 is near median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 2.26. The Utilities - Regulated industry median Price-to-Tangible-Book is 1.71. SPC Power's value of 1.20 is 29.8% below this industry median. Based on the distribution chart, SPC Power ranks #158 out of 449 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, SPC Power has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SPC Power's Price-to-Tangible-Book compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, SPC Power ranks #158 out of 449 companies for Price-to-Tangible-Book. This puts SPC Power in the upper half of its industry. The industry median Price-to-Tangible-Book is 1.71. SPC Power's value of 1.20 is 29.8% below this benchmark. Historically, SPC Power's own Price-to-Tangible-Book has ranged from 0.71 to 2.26 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 1.71, SPC Power 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 Price-to-Tangible-Book for an Utilities - Regulated company?
The median Price-to-Tangible-Book among Utilities - Regulated companies is 1.71, based on 449 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. SPC Power's current Price-to-Tangible-Book of 1.20 is 29.8% 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 SPC Power and its competitors. For the Utilities - Regulated industry, the median Price-to-Tangible-Book is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPC Power's current Price-to-Tangible-Book is 1.20, which is near median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPC Power stock overvalued right now?
Based on GuruFocus' analysis, SPC Power (PHS:SPC) is currently considered Fairly Valued. The stock's GF Value™ is ₱9.34, compared to a current price of ₱9.50 — trading 1.7% above its estimated fair value. The current Price-to-Tangible-Book is 1.20, which is near median its 10-year median of 1.15 and 29.8% below the Utilities - Regulated industry median of 1.71. SPC Power's overall GF Score™ is 90/100 with 1 warning sign 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 SPC Power (PHS:SPC), the current Price-to-Tangible-Book is 1.20 as of Aug. 16, 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 SPC Power (PHS:SPC) Overvalued in 2026?
Based on GuruFocus' analysis, SPC Power stock appears to be overvalued.
The current stock price of ₱9.50 is trading 1.7% above its estimated GF Value™ of ₱9.34.
GuruFocus considers SPC Power to be Fairly Valued.
Key valuation signals for PHS:SPC:
Price-to-Tangible-Book: 1.20 (near median its 10-year median of 1.15)
GF Value™: ₱9.34 vs. price of ₱9.50 (1.7% above fair value)
Industry Position: 29.8% below the Utilities - Regulated median (#158 of 449)
No single metric tells the full story. See the PHS:SPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPC Power Corp is managed through two segments: Generation segment which includes generation and supply of power and ancillary services to NPC/PSALM, NGCP, distribution utilities, WESM, and other customers, and Others which includes the operations of SECL, SLCI, CNPC and SMPC such as to manage, operate and invest in power generating plants and related facilities. The majority of revenue is generated from generation segment. It operates and generates revenue principally only in the Philippines.
90GF Score
Get the complete analysis for PHS:SPC
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PHS:SPC has been successfully added to your 
