Manila Electric Co (PHS:MER) Tax Rate %: 14.40% (As of Mar. 2026)


PHS:MER Manila Electric Co PHS:MER
95 GF Score
Price ₱572.00
GF Value ₱528.87
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Manila Electric Co Tax Rate %?

Manila Electric Co PHS:MER -2.22% 95 Tax Rate % is 14.40% as of Mar. 2026. GuruFocus rates PHS:MER with a GF Score™ of 95/100 and a GF Value™ of ₱528.87 (Fairly Valued). The stock has 6 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Manila Electric Co's Tax Expense for the three months ended in Mar. 2026 was ₱1,878 Mil. Manila Electric Co's Pre-Tax Income for the three months ended in Mar. 2026 was ₱13,043 Mil. Therefore, Manila Electric Co's Tax Rate % for the quarter that ended in Mar. 2026 was 14.40%.

Manila Electric Co Tax Rate % Related Terms

Manila Electric Co Tax Rate % Historical Data

* Premium members only.

The historical data trend for Manila Electric Co's Tax Rate % 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 Tax Rate % Chart

Manila Electric Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.01 18.87 17.34 18.02 20.05

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
Tax Rate % 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 14.92 17.57 18.98 27.16 14.40
PHS:MER
95GF Score
Manila Electric Co PHS:MER
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manila Electric Co Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Manila Electric Co's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=12750/63592
=20.05 %

Manila Electric Co's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=1878/13043
=14.40 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 14.40% mean?
Manila Electric Co (PHS:MER) has a Tax Rate % of 14.40% as of Mar. 2026.
Is Manila Electric Co's Tax Rate % too high?
Manila Electric Co's current Tax Rate % is 14.40%. 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 Tax Rate % compare to NEE and SO?
Manila Electric Co's Tax Rate % of 14.40% can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for an Utilities - Regulated company?
A good Tax Rate % depends on the Utilities - Regulated industry context. However, Tax Rate % 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 Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Manila Electric Co's current Tax Rate % is 14.40%. 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 ₱528.87, compared to a current price of ₱572.00 — trading 8.2% above its estimated fair value. The current Tax Rate % is 14.40%. 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 Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Manila Electric Co (PHS:MER), the current Tax Rate % is 14.40% 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 ₱572.00 is trading 8.2% above its estimated GF Value™ of ₱528.87. GuruFocus considers Manila Electric Co to be Fairly Valued.

Key valuation signals for PHS:MER:

  • Tax Rate %: 14.40%
  • GF Value™: ₱528.87 vs. price of ₱572.00 (8.2% above fair value)
  • GF Score™: 95/100 with 6 warning signs

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.
95GF Score

Get the complete analysis for PHS:MER

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

₱572.00
Price
₱528.87
GF Value