Manila Electric Co (PHS:MER) 3-Year RORE % : 21.03% (As of Mar. 2026)


PHS:MER Manila Electric Co PHS:MER
93 GF Score
Price ₱576.00
GF Value ₱528.39
Valuation Fairly Valued
! 6 Warning Signs
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What is Manila Electric Co 3-Year RORE %?

Manila Electric Co PHS:MER +0.35% 93 3-Year RORE % is 21.03 as of Mar. 2026. GuruFocus rates PHS:MER with a GF Score™ of 93/100 and a GF Value™ of ₱528.39 (Fairly Valued). The stock has 6 warning signs investors should review. Among 494 Utilities - Regulated companies, Manila Electric Co ranks better than 67.81% on this metric.

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. Manila Electric Co's 3-Year RORE % for the quarter that ended in Mar. 2026 was 21.03%.

The industry rank for Manila Electric Co's 3-Year RORE % or its related term are showing as below:

PHS:MER's 3-Year RORE % is ranked better than
67.81% of 494 companies
in the Utilities - Regulated industry
Industry Median: 6.755 vs PHS:MER: 21.03

Manila Electric Co  (PHS:MER) 3-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


Manila Electric Co 3-Year RORE % Related Terms


Manila Electric Co 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for Manila Electric Co's 3-Year RORE % 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.

Manila Electric Co 3-Year RORE % Chart

Manila Electric Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.86 49.22 41.10 36.33 21.66

Manila Electric Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year RORE % 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 34.51 25.47 21.60 21.66 21.03

PHS:MER vs NEE, SO, DUK: 3-Year RORE % Comparison

For the Utilities - Regulated Electric subindustry, Manila Electric Co's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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 3-Year RORE % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's 3-Year RORE % distribution charts can be found below:

* The bar in red indicates where Manila Electric Co's 3-Year RORE % falls into.


PHS:MER
93GF Score
Manila Electric Co PHS:MER
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manila Electric Co 3-Year RORE % Calculation

Manila Electric Co's 3-Year RORE % for the quarter that ended in Mar. 2026 is calculated as:

3-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 3-year -Cumulative Dividends per Share for 3-year )
=( 45.7-35.09 )/( 122.24-71.786 )
=10.61/50.454
=21.03 %

* 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 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Mar. 2026 and 3-year before.

Frequently Asked Questions Learn more about 3-Year RORE % →
What does a 3-Year RORE % of 21.03 mean?
Manila Electric Co (PHS:MER) has a 3-Year RORE % of 21.03 as of Mar. 2026. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Manila Electric Co and its competitors. According to the industry distribution chart, Manila Electric Co ranks #159 out of 494 companies in the Utilities - Regulated industry, placing it in the top 32.2%.
Is Manila Electric Co's 3-Year RORE % too high?
Manila Electric Co's current 3-Year RORE % is 21.03. The Utilities - Regulated industry median 3-Year RORE % is 6.76. Manila Electric Co's value of 21.03 is 211.3% above this industry median. Based on the distribution chart, Manila Electric Co ranks #159 out of 494 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Manila Electric Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Electric Co's 3-Year RORE % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Manila Electric Co ranks #159 out of 494 companies for 3-Year RORE %. This puts Manila Electric Co in the upper half of its industry. The industry median 3-Year RORE % is 6.76. Manila Electric Co's value of 21.03 is 211.3% 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 3-Year RORE % for an Utilities - Regulated company?
The median 3-Year RORE % among Utilities - Regulated companies is 6.76, based on 494 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year RORE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manila Electric Co's current 3-Year RORE % of 21.03 is 211.3% 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 3-Year RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Manila Electric Co and its competitors. For the Utilities - Regulated industry, the median 3-Year RORE % is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Electric Co's current 3-Year RORE % is 21.03. 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 ₱528.39, compared to a current price of ₱576.00 — trading 9% above its estimated fair value. The current 3-Year RORE % is 21.03 and 211.3% above the Utilities - Regulated industry median of 6.76. Manila Electric Co's overall GF Score™ is 93/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For Manila Electric Co (PHS:MER), the current 3-Year RORE % is 21.03 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 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 ₱576.00 is trading 9% above its estimated GF Value™ of ₱528.39. GuruFocus considers Manila Electric Co to be Fairly Valued.

Key valuation signals for PHS:MER:

  • 3-Year RORE %: 21.03
  • GF Value™: ₱528.39 vs. price of ₱576.00 (9% above fair value)
  • GF Score™: 93/100 with 6 warning signs
  • Industry Position: 211.3% above the Utilities - Regulated median (#159 of 494)

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 Business Description

Other Exchanges MERVF:USAMAEOY:USA
Address Ortigas Avenue, Lopez Building, Barangay Ugong, Pasig, PHL, 1605
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.
93GF Score

Get the complete analysis for PHS:MER

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

₱576.00
Price
₱528.39
GF Value