First Gen (PHS:FGEN) 3-Year ROIIC % : -25.69% (As of Dec. 2025)


PHS:FGEN First Gen Corp PHS:FGEN
51 GF Score
Price ₱16.08
GF Value ₱6.26
Valuation Significantly Overvalued
! 9 Warning Signs
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What is First Gen 3-Year ROIIC %?

First Gen PHS:FGEN +1.77% 51 3-Year ROIIC % is -25.69 as of Dec. 2025. GuruFocus rates PHS:FGEN with a GF Score™ of 51/100 and a GF Value™ of ₱6.26 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 393 Utilities - Independent Power Producers companies, First Gen ranks worse than 86.51% on this metric.

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. First Gen's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -25.69%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for First Gen's 3-Year ROIIC % or its related term are showing as below:

PHS:FGEN's 3-Year ROIIC % is ranked worse than
86.51% of 393 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.37 vs PHS:FGEN: -25.69

First Gen  (PHS:FGEN) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


First Gen 3-Year ROIIC % Related Terms


First Gen 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for First Gen's 3-Year ROIIC % 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 Gen 3-Year ROIIC % Chart

First Gen Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.78 -4.39 9.69 -8.85 -25.69

First Gen Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % 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 0.00 0.00 0.00 -25.69 0.00

First Gen 3-Year ROIIC % Competitor Comparison

For the Utilities - Renewable subindustry, First Gen's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, First Gen's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where First Gen's 3-Year ROIIC % falls into.


PHS:FGEN
51GF Score
First Gen Corp PHS:FGEN
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Gen 3-Year ROIIC % Calculation

First Gen's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 8490.4546844 (Dec. 2025) - 23556.4646949 (Dec. 2022) )/( 297833.817 (Dec. 2025) - 239181.923 (Dec. 2022) )
=-15066.0100105/58651.894
=-25.69%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of -25.69 mean?
First Gen (PHS:FGEN) has a 3-Year ROIIC % of -25.69 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on First Gen and its competitors. According to the industry distribution chart, First Gen ranks #340 out of 393 companies in the Utilities - Independent Power Producers industry, placing it in the top 86.5%.
Is First Gen's 3-Year ROIIC % too high?
First Gen's current 3-Year ROIIC % is -25.69. Based on the distribution chart, First Gen ranks #340 out of 393 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, First Gen has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Gen's 3-Year ROIIC % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, First Gen ranks #340 out of 393 companies for 3-Year ROIIC %. This places First Gen in the lower half of its industry. The industry median 3-Year ROIIC % is 1.37. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for an Utilities - Independent Power Producers company?
The median 3-Year ROIIC % among Utilities - Independent Power Producers companies is 1.37, based on 393 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on First Gen and its competitors. For the Utilities - Independent Power Producers industry, the median 3-Year ROIIC % is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Gen's current 3-Year ROIIC % is -25.69. 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 (PHS:FGEN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱6.26, compared to a current price of ₱16.08 — trading 156.9% above its estimated fair value. The current 3-Year ROIIC % is -25.69. First Gen's overall GF Score™ is 51/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For First Gen (PHS:FGEN), the current 3-Year ROIIC % is -25.69 as of Dec. 2025. 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 (PHS:FGEN) Overvalued in 2026?

Based on GuruFocus' analysis, First Gen stock appears to be overvalued. The current stock price of ₱16.08 is trading 156.9% above its estimated GF Value™ of ₱6.26. GuruFocus considers First Gen to be Significantly Overvalued.

Key valuation signals for PHS:FGEN:

  • 3-Year ROIIC %: -25.69
  • GF Value™: ₱6.26 vs. price of ₱16.08 (156.9% above fair value)
  • GF Score™: 51/100 with 9 warning signs

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


First Gen Business Description

Other Exchanges FSGCY:USA
Address Ortigas Avenue, 6th Floor, Rockwell Business Center, Tower 3, Pasig, PHL, 1604
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.
51GF Score

Get the complete analysis for PHS:FGEN

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

₱16.08
Price
₱6.26
GF Value