First GenFSGCY 56 ROE % is 7.56% as of Mar. 2026, which is 37% below its 10-year median of 11.98. GuruFocus rates FSGCY with a GF Score™ of 56/100 and a GF Value™ of $2.05 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 433 Utilities - Independent Power Producers companies, First Gen ranks better than 78.06% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. First Gen's annualized net income for the quarter that ended in Mar. 2026 was $237.4 Mil. First Gen's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $3,139.9 Mil. Therefore, First Gen's annualized ROE % for the quarter that ended in Mar. 2026 was 7.56%.
The historical rank and industry rank for First Gen's ROE % or its related term are showing as below:
FSGCY'
s ROE % Range Over the Past 10 Years
Min: 7.6 Med: 11.98 Max: 14.65
Current: 11.6
During the past 13 years, First Gen's highest ROE % was 14.65%. The lowest was 7.60%. And the median was 11.98%.
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
First Gen ROE % Related Terms
First Gen ROE % Historical Data
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The historical data trend for First Gen's ROE % 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 - Renewable subindustry, First Gen's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, First Gen's ROE % distribution charts can be found below:
* The bar in red indicates where First Gen's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
First Gen (FSGCY) has a ROE % of 7.56% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on First Gen and its competitors. This is 37% below median its historical median of 11.98. Over the past decade, First Gen's ROE % has ranged from 7.60 to 14.65. According to the industry distribution chart, First Gen ranks #95 out of 433 companies in the Utilities - Independent Power Producers industry, placing it in the top 21.9%.
Is First Gen's ROE % too high?
First Gen's current ROE % of 7.56% is 37% below median its 10-year median of 11.98. Over the past 10 years, this metric has ranged from a low of 7.60 to a high of 14.65. The Utilities - Independent Power Producers industry median ROE % is 3.80. First Gen's value of 7.56% is 98.9% above this industry median. Based on the distribution chart, First Gen ranks #95 out of 433 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, First Gen has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Gen's ROE % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, First Gen ranks #95 out of 433 companies for ROE %. This places First Gen in the top 22% of its industry — outperforming the majority of peers. The industry median ROE % is 3.80. First Gen's value of 7.56% is 98.9% above this benchmark. Historically, First Gen's own ROE % has ranged from 7.60 to 14.65 over the past decade. While the company's 10-year median is 11.98 vs. the industry median of 3.80, First Gen 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 ROE % for an Utilities - Independent Power Producers company?
The median ROE % among Utilities - Independent Power Producers companies is 3.80, based on 433 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Gen's current ROE % of 7.56% is 98.9% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on First Gen and its competitors. For the Utilities - Independent Power Producers industry, the median ROE % is 3.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Gen's current ROE % is 7.56%, which is 37% below median its own 10-year median of 11.98. 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 (FSGCY) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.05, compared to a current price of $5.35 — trading 161% above its estimated fair value. The current ROE % is 7.56%, which is 37% below median its 10-year median of 11.98 and 98.9% above the Utilities - Independent Power Producers industry median of 3.80. First Gen's overall GF Score™ is 56/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For First Gen (FSGCY), the current ROE % is 7.56% 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 Gen (FSGCY) Overvalued in 2026?
Based on GuruFocus' analysis, First Gen stock appears to be overvalued.
The current stock price of $5.35 is trading 161% above its estimated GF Value™ of $2.05.
GuruFocus considers First Gen to be Significantly Overvalued.
Key valuation signals for FSGCY:
ROE %: 7.56% (37% below median its 10-year median of 11.98)
GF Value™: $2.05 vs. price of $5.35 (161% above fair value)
Industry Position: 98.9% above the Utilities - Independent Power Producers median (#95 of 433)
No single metric tells the full story. See the FSGCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
56GF Score
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