First Gen (PHS:FGEN) PS Ratio: 1.70 (As of Jun. 29, 2026) — 118% Above Median


PHS:FGEN First Gen Corp PHS:FGEN
53 GF Score
Price ₱16.00
GF Value ₱6.13
Valuation Significantly Overvalued
! 9 Warning Signs
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What is First Gen PS Ratio?

First Gen PHS:FGEN +1.27% 53 PS Ratio is 1.70 as of Jun. 29, 2026, which is 118% above its 10-year median of 0.78. GuruFocus rates PHS:FGEN with a GF Score™ of 53/100 and a GF Value™ of ₱6.13 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, First Gen ranks better than 62.11% on this metric.

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, First Gen's share price is ₱16.00. First Gen's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₱9.42. Hence, First Gen's PS Ratio for today is 1.70.

Good Sign:

First Gen Corp stock PS Ratio (=1.7) is close to 1-year low of 1.64.

The historical rank and industry rank for First Gen's PS Ratio or its related term are showing as below:

PHS:FGEN' s PS Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.78   Max: 2.56
Current: 1.7

During the past 13 years, First Gen's highest PS Ratio was 2.56. The lowest was 0.39. And the median was 0.78.

PHS:FGEN's PS Ratio is ranked better than
62.11% of 417 companies
in the Utilities - Independent Power Producers industry
Industry Median: 2.63 vs PHS:FGEN: 1.70

First Gen's Revenue per Sharefor the three months ended in Mar. 2026 was ₱4.27. Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₱9.42.

Warning Sign:

First Gen Corp revenue per share has been in decline for the last 5 years.

During the past 12 months, the average Revenue per Share Growth Rate of First Gen was 13.40% per year. During the past 3 years, the average Revenue per Share Growth Rate was -28.90% per year. During the past 5 years, the average Revenue per Share Growth Rate was -13.50% per year. During the past 10 years, the average Revenue per Share Growth Rate was -1.80% per year.

During the past 13 years, First Gen's highest 3-Year average Revenue per Share Growth Rate was 20.40% per year. The lowest was -28.90% per year. And the median was 2.60% per year.

Back to Basics: PS Ratio


First Gen  (PHS:FGEN) PS Ratio Explanation

The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.

When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.


First Gen PS Ratio Related Terms


First Gen PS Ratio Historical Data

* Premium members only.

The historical data trend for First Gen's PS Ratio 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 PS Ratio Chart

First Gen Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 0.41 0.46 1.16 1.20

First Gen Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.97 2.54 2.11 1.20 1.90

First Gen PS Ratio Competitor Comparison

For the Utilities - Renewable subindustry, First Gen's PS Ratio, along with its competitors' market caps and PS 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 Gen PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, First Gen's PS Ratio distribution charts can be found below:

* The bar in red indicates where First Gen's PS Ratio falls into.


PHS:FGEN
53GF Score
First Gen Corp PHS:FGEN
PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Gen PS Ratio Calculation

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.

First Gen's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=16.00/9.416
=1.70

First Gen's Share Price of today is ₱16.00.
First Gen's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱9.42.

* 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:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.

Frequently Asked Questions Learn more about PS Ratio →
What does a PS Ratio of 1.70 mean?
First Gen (PHS:FGEN) has a PS Ratio of 1.70 as of Jun. 29, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on First Gen and its competitors. This is 118% above median its historical median of 0.78. Over the past decade, First Gen's PS Ratio has ranged from 0.39 to 2.56. According to the industry distribution chart, First Gen ranks #158 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 37.9%.
Is First Gen's PS Ratio too high?
First Gen's current PS Ratio of 1.70 is 118% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 2.56. The Utilities - Independent Power Producers industry median PS Ratio is 2.63. First Gen's value of 1.70 is 35.4% below this industry median. Based on the distribution chart, First Gen ranks #158 out of 417 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, First Gen has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Gen's PS Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, First Gen ranks #158 out of 417 companies for PS Ratio. This puts First Gen in the upper half of its industry. The industry median PS Ratio is 2.63. First Gen's value of 1.70 is 35.4% below this benchmark. Historically, First Gen's own PS Ratio has ranged from 0.39 to 2.56 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 2.63, First Gen 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 PS Ratio for an Utilities - Independent Power Producers company?
The median PS Ratio among Utilities - Independent Power Producers companies is 2.63, based on 417 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Gen's current PS Ratio of 1.70 is 35.4% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on First Gen and its competitors. For the Utilities - Independent Power Producers industry, the median PS Ratio is 2.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Gen's current PS Ratio is 1.70, which is 118% above median its own 10-year median of 0.78. 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?
Based on GuruFocus' analysis, First Gen (PHS:FGEN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱6.13, compared to a current price of ₱16.00 — trading 161% above its estimated fair value. The current PS Ratio is 1.70, which is 118% above median its 10-year median of 0.78 and 35.4% below the Utilities - Independent Power Producers industry median of 2.63. First Gen's overall GF Score™ is 53/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For First Gen (PHS:FGEN), the current PS Ratio is 1.70 as of Jun. 29, 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 (PHS:FGEN) Overvalued in 2026?

Based on GuruFocus' analysis, First Gen stock appears to be overvalued. The current stock price of ₱16.00 is trading 161% above its estimated GF Value™ of ₱6.13. GuruFocus considers First Gen to be Significantly Overvalued.

Key valuation signals for PHS:FGEN:

  • PS Ratio: 1.70 (118% above median its 10-year median of 0.78)
  • GF Value™: ₱6.13 vs. price of ₱16.00 (161% above fair value)
  • GF Score™: 53/100 with 9 warning signs
  • Industry Position: 35.4% below the Utilities - Independent Power Producers median (#158 of 417)

No single metric tells the full story. See the PHS:FGEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Gen Business Description

Other Exchanges FSGCY:USA
Address Ortigas Avenue, 6th Floor, Rockwell Business Center, Tower 3, Pasig, PHL, 1604
First Gen Corp is an independent electric utility company operating in the Philippines. First Gen develops, finances, builds, bids for, and operate power generation projects. The company generates a amount of Filipino energy needs through its portfolio of natural gas, wind, solar, hydro, and geothermal power plants located in the country. Majority of the power generated by First Gen is produced through natural gas and geothermal fuel sources. It operates in six segments: FGPC, FGP, EDC and Subsidiaries, FGEN LNG, FNPC, and Prime Meridian. The company only operates in Philippines.
53GF Score

Get the complete analysis for PHS:FGEN

PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱16.00
Price
₱6.13
GF Value