Manila Electric CoPHS:MER +0.35%93 PS Ratio is 1.29 as of Jun. 27, 2026, which is 10% above its 10-year median of 1.17. GuruFocus rates PHS:MER with a GF Score™ of 93/100 and a GF Value™ of ₱528.39 (Fairly Valued). The stock has 6 warning signs investors should review. Among 500 Utilities - Regulated companies, Manila Electric Co ranks better than 54.2% 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, Manila Electric Co's share price is ₱576.00.
Manila Electric Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₱446.85. Hence, Manila Electric Co's PS Ratio for today is 1.29.
The historical rank and industry rank for Manila Electric Co's PS Ratio or its related term are showing as below:
PHS:MER'
s PS Ratio Range Over the Past 10 Years
Min: 0.71 Med: 1.17 Max: 1.49
Current: 1.29
During the past 13 years, Manila Electric Co's highest PS Ratio was 1.49. The lowest was 0.71. And the median was 1.17.
PHS:MER's PS Ratio is ranked better than 54.2% of 500
companies
in the Utilities - Regulated industry
Industry Median: 1.445
vs PHS:MER: 1.29
Manila Electric Co revenue growth has slowed down over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Manila Electric Co was 4.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 5.30% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 12.60% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 7.30% per year.
During the past 13 years, Manila Electric Co's highest 3-Year average Revenue per Share Growth Rate was 17.20% per year. The lowest was -4.90% per year. And the median was 5.30% per year.
Back to Basics: PS Ratio
Manila Electric Co (PHS:MER) 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.
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.
Manila Electric Co PS Ratio Related Terms
Manila Electric Co PS Ratio Historical Data
* Premium members only.
The historical data trend for Manila Electric Co'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.
For the Utilities - Regulated Electric subindustry, Manila Electric Co'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.
Manila Electric Co PS Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's PS Ratio distribution charts can be found below:
* The bar in red indicates where Manila Electric Co's PS Ratio falls into.
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.
Manila Electric Co's Share Price of today is ₱576.00. Manila Electric Co'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 ₱446.85.
* 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:
Manila Electric Co (PHS:MER) has a PS Ratio of 1.29 as of Jun. 27, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Manila Electric Co and its competitors. This is 10% above median its historical median of 1.17. Over the past decade, Manila Electric Co's PS Ratio has ranged from 0.71 to 1.49. According to the industry distribution chart, Manila Electric Co ranks #229 out of 500 companies in the Utilities - Regulated industry, placing it in the top 45.8%.
Is Manila Electric Co's PS Ratio too high?
Manila Electric Co's current PS Ratio of 1.29 is 10% above median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 1.49. The Utilities - Regulated industry median PS Ratio is 1.45. Manila Electric Co's value of 1.29 is 10.7% below this industry median. Based on the distribution chart, Manila Electric Co ranks #229 out of 500 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Manila Electric Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Electric Co's PS Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Manila Electric Co ranks #229 out of 500 companies for PS Ratio. This puts Manila Electric Co in the upper half of its industry. The industry median PS Ratio is 1.45. Manila Electric Co's value of 1.29 is 10.7% below this benchmark. Historically, Manila Electric Co's own PS Ratio has ranged from 0.71 to 1.49 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 1.45, Manila Electric Co 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 - Regulated company?
The median PS Ratio among Utilities - Regulated companies is 1.45, based on 500 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. Manila Electric Co's current PS Ratio of 1.29 is 10.7% 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 Manila Electric Co and its competitors. For the Utilities - Regulated industry, the median PS Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Electric Co's current PS Ratio is 1.29, which is 10% above median its own 10-year median of 1.17. 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 Fairly Valued. The stock's GF Value™ is ₱528.39, compared to a current price of ₱576.00 — trading 9% above its estimated fair value. The current PS Ratio is 1.29, which is 10% above median its 10-year median of 1.17 and 10.7% below the Utilities - Regulated industry median of 1.45. Manila Electric Co's overall GF Score™ is 93/100 with 6 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 Manila Electric Co (PHS:MER), the current PS Ratio is 1.29 as of Jun. 27, 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 overvalued.
The current stock price of ₱576.00 is trading 9% above its estimated GF Value™ of ₱528.39.
GuruFocus considers Manila Electric Co to be Fairly Valued.
Key valuation signals for PHS:MER:
PS Ratio: 1.29 (10% above median its 10-year median of 1.17)
GF Value™: ₱528.39 vs. price of ₱576.00 (9% above fair value)
Industry Position: 10.7% below the Utilities - Regulated median (#229 of 500)
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.
93GF Score
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