Manila Electric Co (PHS:MER) ROE % Adjusted to Book Value: 6.11% (As of Mar. 2026)


PHS:MER Manila Electric Co PHS:MER
93 GF Score
Price ₱573.00
GF Value ₱528.22
Valuation Fairly Valued
! 9 Warning Signs
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What is Manila Electric Co ROE % Adjusted to Book Value?

Manila Electric Co PHS:MER -1.21% 93 ROE % Adjusted to Book Value is 6.11% as of Mar. 2026. GuruFocus rates PHS:MER with a GF Score™ of 93/100 and a GF Value™ of ₱528.22 (Fairly Valued). The stock has 9 warning signs investors should review.

Manila Electric Co's ROE % for the quarter that ended in Mar. 2026 was 25.53%. Manila Electric Co's PB Ratio for the quarter that ended in Mar. 2026 was 4.18. Manila Electric Co's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 6.11%.


Manila Electric Co ROE % Adjusted to Book Value Related Terms


Manila Electric Co ROE % Adjusted to Book Value Historical Data

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The historical data trend for Manila Electric Co's ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Chart

Manila Electric Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.72 9.04 8.91 9.04 8.60

Manila Electric Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 6.95 9.05 9.15 9.04 6.11

PHS:MER vs NEE, SO, DUK: ROE % Adjusted to Book Value Comparison

For the Utilities - Regulated Electric subindustry, Manila Electric Co's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Manila Electric Co's ROE % Adjusted to Book Value falls into.


PHS:MER
93GF Score
Manila Electric Co PHS:MER
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Manila Electric Co ROE % Adjusted to Book Value Calculation

Manila Electric Co's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=32.18% / 3.74
=8.60%

Manila Electric Co's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=25.53% / 4.18
=6.11%

* 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.

What does a ROE % Adjusted to Book Value of 6.11% mean?
Manila Electric Co (PHS:MER) has a ROE % Adjusted to Book Value of 6.11% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Manila Electric Co and its competitors.
Is Manila Electric Co's ROE % Adjusted to Book Value too high?
Manila Electric Co's current ROE % Adjusted to Book Value is 6.11%. 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 ROE % Adjusted to Book Value compare to NEE and SO?
Manila Electric Co's ROE % Adjusted to Book Value of 6.11% can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Utilities - Regulated company?
A good ROE % Adjusted to Book Value depends on the Utilities - Regulated industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Manila Electric Co and its competitors. Manila Electric Co's current ROE % Adjusted to Book Value is 6.11%. 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 ₱528.22, compared to a current price of ₱573.00 — trading 8.5% above its estimated fair value. The current ROE % Adjusted to Book Value is 6.11%. Manila Electric Co's overall GF Score™ is 93/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Manila Electric Co (PHS:MER), the current ROE % Adjusted to Book Value is 6.11% 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 (PHS:MER) Overvalued in 2026?

Based on GuruFocus' analysis, Manila Electric Co stock appears to be overvalued. The current stock price of ₱573.00 is trading 8.5% above its estimated GF Value™ of ₱528.22. GuruFocus considers Manila Electric Co to be Fairly Valued.

Key valuation signals for PHS:MER:

  • ROE % Adjusted to Book Value: 6.11%
  • GF Value™: ₱528.22 vs. price of ₱573.00 (8.5% above fair value)
  • GF Score™: 93/100 with 9 warning signs

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 Business Description

Other Exchanges MERVF:USAMAEOY:USA
Address Ortigas Avenue, Lopez Building, Barangay Ugong, Pasig, PHL, 1605
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

Get the complete analysis for PHS:MER

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

₱573.00
Price
₱528.22
GF Value