First Philippine Holdings (PHS:FPH) ROCE %: 8.81% (As of Mar. 2026)

What is First Philippine Holdings ROCE %?

First Philippine Holdings PHS:FPH 61 ROCE % is 8.81% as of Mar. 2026. GuruFocus rates PHS:FPH with a GF Score™ of 61/100 and a GF Value™ of ₱58.52 (Significantly Overvalued). The stock has 8 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. First Philippine Holdings's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.81%.

First Philippine Holdings (PHS:FPH) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

First Philippine Holdings ROCE % Related Terms

First Philippine Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for First Philippine Holdings's ROCE % 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 Philippine Holdings ROCE % Chart

First Philippine Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

Get a 7-Day Free Trial

9.44

10.90

7.42

6.35

6.81

First Philippine Holdings Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															7.14	9.15	8.28	-0.51	8.81

61GF Score

First Philippine Holdings Corp PHS:FPH

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

First Philippine Holdings ROCE % Calculation

First Philippine Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	31819	/	( ( (526938 - 94432)	+	(581426 - 79873) )	/ 2 )
	=	31819	/	( (432506	+	501553)	/ 2 )
	=	31819	/	467029.5
	=	6.81 %

First Philippine Holdings's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	46376	/	( ( (581426 - 79873)	+	(631634 - 79864) )	/ 2 )
	=	46376	/	( ( 501553	+	551770 )	/ 2 )
	=	46376	/	526661.5
	=	8.81 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 8.81% mean?

First Philippine Holdings (PHS:FPH) has a ROCE % of 8.81% as of Mar. 2026.

Is First Philippine Holdings' ROCE % too high?

First Philippine Holdings' current ROCE % is 8.81%. The Utilities - Regulated industry median ROCE % is 6.95. First Philippine Holdings' value of 8.81% is 26.8% above this industry median. Overall, First Philippine Holdings has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does First Philippine Holdings' ROCE % compare to NEE and SO?

First Philippine Holdings' ROCE % of 8.81% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.95. First Philippine Holdings' value of 8.81% is 26.8% 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 ROCE % for an Utilities - Regulated company?

The median ROCE % among Utilities - Regulated companies is 6.95, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Philippine Holdings's current ROCE % of 8.81% is 26.8% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median ROCE % is 6.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Philippine Holdings's current ROCE % is 8.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is First Philippine Holdings stock overvalued right now?

Based on GuruFocus' analysis, First Philippine Holdings (PHS:FPH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱58.52, compared to a current price of ₱80.00 — trading 36.7% above its estimated fair value. The current ROCE % is 8.81% and 26.8% above the Utilities - Regulated industry median of 6.95. First Philippine Holdings' overall GF Score™ is 61/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For First Philippine Holdings (PHS:FPH), the current ROCE % is 8.81% 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 First Philippine Holdings (PHS:FPH) Overvalued in 2026?

Based on GuruFocus' analysis, First Philippine Holdings stock appears to be overvalued. The current stock price of ₱80.00 is trading 36.7% above its estimated GF Value™ of ₱58.52. GuruFocus considers First Philippine Holdings to be Significantly Overvalued.

Key valuation signals for PHS:FPH:

ROCE %: 8.81%
GF Value™: ₱58.52 vs. price of ₱80.00 (36.7% above fair value)
GF Score™: 61/100 with 8 warning signs
Industry Position: 26.8% above the Utilities - Regulated median

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

First Philippine Holdings Business Description

Industry Utilities Utilities - Regulated

Comparable Companies PHS:VVT PHS:SPC PHS:ACR PHS:JOH PHS:SGP NEE SO DUK LSE:NG.AEP D ETR XEL EXC XMAD:ELE BOM:532555 PEG ED WEC PCG

Other Exchanges FPHPC.PFD:Philippines

Address Ortigas Avenue, Rockwell Business Center, 6th Floor, Tower 3, Pasig City, PHL, 1604

Website https://www.fphc.com

First Philippine Holdings Corporation are engaged mainly in, but not limited to, power generation, real estate development, energy solutions, construction and other service industries. The company's segments its activities into Power Generation, Real Estate Development, Energy Solutions, Construction, and other services. The majority of revenue comes from Power Generation segment. The Power generation has one geographical segment. Real Estate Development has presence in National Capital Region, Central Luzon, Southern Luzon, Central Visayas, Western Visayas of which majority of revenue comes from National capital region.

61GF Score

Get the complete analysis for PHS:FPH

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

₱80.00

Price

₱58.52

GF Value

View PHS:FPH Analysis

See ROCE % data for all stocks →