First Philippine Holdings (PHS:FPH) 3-Year ROIIC % : -8.19% (As of Dec. 2025)


PHS:FPH First Philippine Holdings Corp PHS:FPH
54 GF Score
Price ₱80.00
GF Value ₱58.46
Valuation Significantly Overvalued
! 8 Warning Signs
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What is First Philippine Holdings 3-Year ROIIC %?

First Philippine Holdings PHS:FPH 54 3-Year ROIIC % is -8.19 as of Dec. 2025. GuruFocus rates PHS:FPH with a GF Score™ of 54/100 and a GF Value™ of ₱58.46 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 478 Utilities - Regulated companies, First Philippine Holdings ranks worse than 80.13% 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 Philippine Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -8.19%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

PHS:FPH's 3-Year ROIIC % is ranked worse than
80.13% of 478 companies
in the Utilities - Regulated industry
Industry Median: 4.07 vs PHS:FPH: -8.19

First Philippine Holdings  (PHS:FPH) 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 Philippine Holdings 3-Year ROIIC % Related Terms


First Philippine Holdings 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for First Philippine Holdings'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 Philippine Holdings 3-Year ROIIC % Chart

First Philippine Holdings 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 19.86 -4.21 -6.51 -2.79 -8.19

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
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 -8.19 0.00

PHS:FPH vs NEE, SO, DUK: 3-Year ROIIC % Comparison

For the Utilities - Regulated Electric subindustry, First Philippine Holdings'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 Philippine Holdings 3-Year ROIIC % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, First Philippine Holdings's 3-Year ROIIC % distribution charts can be found below:

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


PHS:FPH
54GF Score
First Philippine Holdings Corp PHS:FPH
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Philippine Holdings 3-Year ROIIC % Calculation

First Philippine Holdings'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**
=( 14183.08 (Dec. 2025) - 24798.0786 (Dec. 2022) )/( 454777 (Dec. 2025) - 325157 (Dec. 2022) )
=-10614.9986/129620
=-8.19%***

* 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 -8.19 mean?
First Philippine Holdings (PHS:FPH) has a 3-Year ROIIC % of -8.19 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 Philippine Holdings and its competitors. According to the industry distribution chart, First Philippine Holdings ranks #383 out of 478 companies in the Utilities - Regulated industry, placing it in the top 80.1%.
Is First Philippine Holdings' 3-Year ROIIC % too high?
First Philippine Holdings' current 3-Year ROIIC % is -8.19. Based on the distribution chart, First Philippine Holdings ranks #383 out of 478 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, First Philippine Holdings has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Philippine Holdings' 3-Year ROIIC % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, First Philippine Holdings ranks #383 out of 478 companies for 3-Year ROIIC %. This places First Philippine Holdings in the lower half of its industry. The industry median 3-Year ROIIC % is 4.07. 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 - Regulated company?
The median 3-Year ROIIC % among Utilities - Regulated companies is 4.07, based on 478 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 Philippine Holdings and its competitors. For the Utilities - Regulated industry, the median 3-Year ROIIC % is 4.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Philippine Holdings's current 3-Year ROIIC % is -8.19. 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 ₱58.46, compared to a current price of ₱80.00 — trading 36.8% above its estimated fair value. The current 3-Year ROIIC % is -8.19. First Philippine Holdings' overall GF Score™ is 54/100 with 8 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 Philippine Holdings (PHS:FPH), the current 3-Year ROIIC % is -8.19 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 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 36.8% above its estimated GF Value™ of ₱58.46. GuruFocus considers First Philippine Holdings to be Significantly Overvalued.

Key valuation signals for PHS:FPH:

  • 3-Year ROIIC %: -8.19
  • GF Value™: ₱58.46 vs. price of ₱80.00 (36.8% above fair value)
  • GF Score™: 54/100 with 8 warning signs

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

Other Exchanges FPHPC.PFD:Philippines
Address Ortigas Avenue, Rockwell Business Center, 6th Floor, Tower 3, Pasig City, PHL, 1604
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.
54GF Score

Get the complete analysis for PHS:FPH

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

₱80.00
Price
₱58.46
GF Value