5-Year Return on Invested Incremental Capital (5-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 5-year.
Manila Electric Co's 5-Year ROIIC % for the quarter that ended in Dec. 2025 was 6.02%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Manila Electric Co's 5-Year ROIIC % or its related term are showing as below:
PHS:MER's 5-Year ROIIC % is ranked better than 61.54% of 468
companies
in the Utilities - Regulated industry
Industry Median: 4.025
vs PHS:MER: 6.02
Manila Electric Co (PHS:MER) 5-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.
Manila Electric Co 5-Year ROIIC % Related Terms
Manila Electric Co 5-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Manila Electric Co's 5-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.
PHS:MER vs NEE, SO, DUK: 5-Year ROIIC % Comparison
For the Utilities - Regulated Electric subindustry, Manila Electric Co's 5-Year ROIIC %, along with its competitors' market caps and 5-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.
Manila Electric Co 5-Year ROIIC % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's 5-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Manila Electric Co's 5-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 5-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.
Manila Electric Co (PHS:MER) has a 5-Year ROIIC % of 6.02 as of Dec. 2025. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Manila Electric Co and its competitors. According to the industry distribution chart, Manila Electric Co ranks #180 out of 468 companies in the Utilities - Regulated industry, placing it in the top 38.5%.
Is Manila Electric Co's 5-Year ROIIC % too high?
Manila Electric Co's current 5-Year ROIIC % is 6.02. The Utilities - Regulated industry median 5-Year ROIIC % is 4.03. Manila Electric Co's value of 6.02 is 49.6% above this industry median. Based on the distribution chart, Manila Electric Co ranks #180 out of 468 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Manila Electric Co has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Electric Co's 5-Year ROIIC % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Manila Electric Co ranks #180 out of 468 companies for 5-Year ROIIC %. This puts Manila Electric Co in the upper half of its industry. The industry median 5-Year ROIIC % is 4.03. Manila Electric Co's value of 6.02 is 49.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year ROIIC % for an Utilities - Regulated company?
The median 5-Year ROIIC % among Utilities - Regulated companies is 4.03, based on 468 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manila Electric Co's current 5-Year ROIIC % of 6.02 is 49.6% 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 5-Year ROIIC % mean?
A high 5-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Manila Electric Co and its competitors. For the Utilities - Regulated industry, the median 5-Year ROIIC % is 4.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Electric Co's current 5-Year ROIIC % is 6.02. 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 ₱528.79, compared to a current price of ₱570.00 — trading 7.8% above its estimated fair value. The current 5-Year ROIIC % is 6.02 and 49.6% above the Utilities - Regulated industry median of 4.03. Manila Electric Co's overall GF Score™ is 95/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year ROIIC % calculated?
5-Year ROIIC % is calculated from a company's financial statements. For Manila Electric Co (PHS:MER), the current 5-Year ROIIC % is 6.02 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 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 ₱570.00 is trading 7.8% above its estimated GF Value™ of ₱528.79.
GuruFocus considers Manila Electric Co to be Fairly Valued.
Key valuation signals for PHS:MER:
5-Year ROIIC %: 6.02
GF Value™: ₱528.79 vs. price of ₱570.00 (7.8% above fair value)
Industry Position: 49.6% above the Utilities - Regulated median (#180 of 468)
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 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.
95GF Score
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