SPC PowerPHS:SPC 84 ROE % is 10.87% as of Mar. 2026, which is 35% below its 10-year median of 16.82. GuruFocus rates PHS:SPC with a GF Score™ of 84/100 and a GF Value™ of ₱9.26 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 503 Utilities - Regulated companies, SPC Power ranks better than 87.08% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. SPC Power's annualized net income for the quarter that ended in Mar. 2026 was ₱1,273 Mil. SPC Power's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₱11,713 Mil. Therefore, SPC Power's annualized ROE % for the quarter that ended in Mar. 2026 was 10.87%.
The historical rank and industry rank for SPC Power's ROE % or its related term are showing as below:
PHS:SPC'
s ROE % Range Over the Past 10 Years
Min: 10.93 Med: 16.82 Max: 21.26
Current: 19.72
During the past 13 years, SPC Power's highest ROE % was 21.26%. The lowest was 10.93%. And the median was 16.82%.
PHS:SPC's ROE % is ranked better than 87.08% of 503
companies
in the Utilities - Regulated industry
Industry Median: 8.62
vs PHS:SPC: 19.72
SPC Power (PHS:SPC) ROE % Explanation
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.
SPC Power ROE % Related Terms
SPC Power ROE % Historical Data
* Premium members only.
The historical data trend for SPC Power'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 - Regulated Electric subindustry, SPC Power'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.
SPC Power ROE % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, SPC Power's ROE % distribution charts can be found below:
* The bar in red indicates where SPC Power'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.
SPC Power (PHS:SPC) has a ROE % of 10.87% 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 SPC Power and its competitors. This is 35% below median its historical median of 16.82. Over the past decade, SPC Power's ROE % has ranged from 10.93 to 21.26. According to the industry distribution chart, SPC Power ranks #65 out of 503 companies in the Utilities - Regulated industry, placing it in the top 12.9%.
Is SPC Power's ROE % too high?
SPC Power's current ROE % of 10.87% is 35% below median its 10-year median of 16.82. Over the past 10 years, this metric has ranged from a low of 10.93 to a high of 21.26. The Utilities - Regulated industry median ROE % is 8.62. SPC Power's value of 10.87% is 26.1% above this industry median. Based on the distribution chart, SPC Power ranks #65 out of 503 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, SPC Power has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPC Power's ROE % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, SPC Power ranks #65 out of 503 companies for ROE %. This places SPC Power in the top 13% of its industry — outperforming the majority of peers. The industry median ROE % is 8.62. SPC Power's value of 10.87% is 26.1% above this benchmark. Historically, SPC Power's own ROE % has ranged from 10.93 to 21.26 over the past decade. While the company's 10-year median is 16.82 vs. the industry median of 8.62, SPC Power 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 - Regulated company?
The median ROE % among Utilities - Regulated companies is 8.62, based on 503 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. SPC Power's current ROE % of 10.87% is 26.1% 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 SPC Power and its competitors. For the Utilities - Regulated industry, the median ROE % is 8.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPC Power's current ROE % is 10.87%, which is 35% below median its own 10-year median of 16.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPC Power stock overvalued right now?
Based on GuruFocus' analysis, SPC Power (PHS:SPC) is currently considered Modestly Overvalued. The stock's GF Value™ is ₱9.26, compared to a current price of ₱10.80 — trading 16.6% above its estimated fair value. The current ROE % is 10.87%, which is 35% below median its 10-year median of 16.82 and 26.1% above the Utilities - Regulated industry median of 8.62. SPC Power's overall GF Score™ is 84/100 with 4 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 SPC Power (PHS:SPC), the current ROE % is 10.87% 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 SPC Power (PHS:SPC) Overvalued in 2026?
Based on GuruFocus' analysis, SPC Power stock appears to be overvalued.
The current stock price of ₱10.80 is trading 16.6% above its estimated GF Value™ of ₱9.26.
GuruFocus considers SPC Power to be Modestly Overvalued.
Key valuation signals for PHS:SPC:
ROE %: 10.87% (35% below median its 10-year median of 16.82)
GF Value™: ₱9.26 vs. price of ₱10.80 (16.6% above fair value)
Industry Position: 26.1% above the Utilities - Regulated median (#65 of 503)
No single metric tells the full story. See the PHS:SPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPC Power Corp is managed through two segments: Generation segment which includes generation and supply of power and ancillary services to NPC/PSALM, NGCP, distribution utilities, WESM, and other customers, and Others which includes the operations of SECL, SLCI, CNPC and SMPC such as to manage, operate and invest in power generating plants and related facilities. The majority of revenue is generated from generation segment. It operates and generates revenue principally only in the Philippines.
84GF Score
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