Manila Electric CoMAEOY 86 Return-on-Tangible-Equity is 33.55% as of Mar. 2026, which is 11% above its 10-year median of 30.18. GuruFocus rates MAEOY with a GF Score™ of 86/100 and a GF Value™ of $21.05 (Fairly Valued). The stock has 6 warning signs investors should review. Among 498 Utilities - Regulated companies, Manila Electric Co ranks better than 87.75% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Manila Electric Co's annualized net income for the quarter that ended in Mar. 2026 was $705 Mil. Manila Electric Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $2,100 Mil. Therefore, Manila Electric Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 33.55%.
The historical rank and industry rank for Manila Electric Co's Return-on-Tangible-Equity or its related term are showing as below:
MAEOY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 20.47 Med: 30.18 Max: 53.42
Current: 43.14
During the past 13 years, Manila Electric Co's highest Return-on-Tangible-Equity was 53.42%. The lowest was 20.47%. And the median was 30.18%.
MAEOY's Return-on-Tangible-Equity is ranked better than 87.75% of 498
companies
in the Utilities - Regulated industry
Industry Median: 10.91
vs MAEOY: 43.14
Manila Electric Co (OTCPK:MAEOY) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Manila Electric Co Return-on-Tangible-Equity Related Terms
Manila Electric Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Manila Electric Co's Return-on-Tangible-Equity 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.
Manila Electric Co Return-on-Tangible-Equity Chart
MAEOY vs NEE, SO, DUK: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, Manila Electric Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Manila Electric Co's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 33.55% mean?
Manila Electric Co (MAEOY) has a Return-on-Tangible-Equity of 33.55% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Manila Electric Co and its competitors. This is 11% above median its historical median of 30.18. Over the past decade, Manila Electric Co's Return-on-Tangible-Equity has ranged from 20.47 to 53.42. According to the industry distribution chart, Manila Electric Co ranks #61 out of 498 companies in the Utilities - Regulated industry, placing it in the top 12.2%.
Is Manila Electric Co's Return-on-Tangible-Equity too high?
Manila Electric Co's current Return-on-Tangible-Equity of 33.55% is 11% above median its 10-year median of 30.18. Over the past 10 years, this metric has ranged from a low of 20.47 to a high of 53.42. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.91. Manila Electric Co's value of 33.55% is 207.5% above this industry median. Based on the distribution chart, Manila Electric Co ranks #61 out of 498 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Manila Electric Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Electric Co's Return-on-Tangible-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Manila Electric Co ranks #61 out of 498 companies for Return-on-Tangible-Equity. This places Manila Electric Co in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.91. Manila Electric Co's value of 33.55% is 207.5% above this benchmark. Historically, Manila Electric Co's own Return-on-Tangible-Equity has ranged from 20.47 to 53.42 over the past decade. While the company's 10-year median is 30.18 vs. the industry median of 10.91, Manila Electric Co has consistently been above 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 Return-on-Tangible-Equity for an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.91, based on 498 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manila Electric Co's current Return-on-Tangible-Equity of 33.55% is 207.5% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Manila Electric Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Electric Co's current Return-on-Tangible-Equity is 33.55%, which is 11% above median its own 10-year median of 30.18. 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 (MAEOY) is currently considered Fairly Valued. The stock's GF Value™ is $21.05, compared to a current price of $19.27 — trading 8.5% below its estimated fair value. The current Return-on-Tangible-Equity is 33.55%, which is 11% above median its 10-year median of 30.18 and 207.5% above the Utilities - Regulated industry median of 10.91. Manila Electric Co's overall GF Score™ is 86/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Manila Electric Co (MAEOY), the current Return-on-Tangible-Equity is 33.55% as of Mar. 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 (MAEOY) Overvalued in 2026?
Based on GuruFocus' analysis, Manila Electric Co stock appears to be undervalued.
The current stock price of $19.27 is trading 8.5% below its estimated GF Value™ of $21.05.
GuruFocus considers Manila Electric Co to be Fairly Valued.
Key valuation signals for MAEOY:
Return-on-Tangible-Equity: 33.55% (11% above median its 10-year median of 30.18)
GF Value™: $21.05 vs. price of $19.27 (8.5% below fair value)
Industry Position: 207.5% above the Utilities - Regulated median (#61 of 498)
No single metric tells the full story. See the MAEOY 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.
86GF Score
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