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Filipino (PSEi) Utilities Sector Analysis
UpdatedSep 18, 2025
DataAggregated Company Financials
Companies19
- 7D2.0%
- 3M3.7%
- 1Y14.6%
- YTD11.6%
The Utilities industry is up 1.5% in the last week, with Manila Electric up 3.9%. Meanwhile, First Philippine Holdings actually underperformed within the industry, shrinking 6.1% in the last week. This means that the industry has gained 14% over the past year. Looking forward, earnings are forecast to grow by 13% annually.
Sector Valuation and Performance
Has the Filipino Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Sep 2025 | ₱1.5t | ₱1.4t | ₱145.4b | 8.7x | 10.3x | 1.1x |
| Sat, 16 Aug 2025 | ₱1.5t | ₱1.4t | ₱139.8b | 9.1x | 10.5x | 1.1x |
| Mon, 14 Jul 2025 | ₱1.5t | ₱1.4t | ₱143.3b | 9.3x | 10.2x | 1.1x |
| Wed, 11 Jun 2025 | ₱1.4t | ₱1.4t | ₱142.7b | 9.2x | 9.7x | 1x |
| Fri, 09 May 2025 | ₱1.4t | ₱1.4t | ₱145.9b | 8.9x | 9.7x | 1x |
| Sun, 06 Apr 2025 | ₱1.4t | ₱1.4t | ₱148.8b | 9.2x | 9.4x | 1x |
| Tue, 04 Mar 2025 | ₱1.4t | ₱1.4t | ₱148.3b | 10.2x | 9.2x | 1x |
| Thu, 30 Jan 2025 | ₱1.3t | ₱1.4t | ₱143.9b | 10.1x | 9.3x | 1x |
| Sat, 28 Dec 2024 | ₱1.3t | ₱1.4t | ₱143.8b | 9.5x | 9.3x | 1x |
| Mon, 25 Nov 2024 | ₱1.4t | ₱1.4t | ₱145.3b | 9.4x | 9.3x | 1x |
| Wed, 23 Oct 2024 | ₱1.4t | ₱1.3t | ₱145.9b | 10.5x | 9.6x | 1x |
| Fri, 20 Sep 2024 | ₱1.3t | ₱1.3t | ₱145.2b | 10.5x | 9.1x | 1x |
| Sun, 18 Aug 2024 | ₱1.3t | ₱1.3t | ₱145.6b | 10x | 9x | 1x |
| Tue, 16 Jul 2024 | ₱1.2t | ₱1.3t | ₱142.7b | 8.9x | 8.4x | 0.9x |
| Thu, 13 Jun 2024 | ₱1.2t | ₱1.3t | ₱142.1b | 8.2x | 8.5x | 0.9x |
| Sat, 11 May 2024 | ₱1.2t | ₱1.3t | ₱141.4b | 9x | 8.5x | 0.9x |
| Mon, 08 Apr 2024 | ₱1.1t | ₱1.3t | ₱141.1b | 8.4x | 8x | 0.8x |
| Wed, 06 Mar 2024 | ₱1.2t | ₱1.3t | ₱151.3b | 8x | 7.8x | 0.9x |
| Fri, 02 Feb 2024 | ₱1.1t | ₱1.3t | ₱153.4b | 6.8x | 7.5x | 0.9x |
| Sun, 31 Dec 2023 | ₱1.2t | ₱1.3t | ₱153.2b | 6.8x | 7.7x | 0.9x |
| Tue, 28 Nov 2023 | ₱1.2t | ₱1.3t | ₱153.4b | 6.2x | 7.6x | 0.9x |
| Thu, 26 Oct 2023 | ₱1.2t | ₱1.4t | ₱146.9b | 6.5x | 8x | 0.9x |
| Sat, 23 Sep 2023 | ₱1.1t | ₱1.4t | ₱146.8b | 6.5x | 7.6x | 0.8x |
| Mon, 21 Aug 2023 | ₱1.2t | ₱1.4t | ₱146.7b | 7.4x | 8x | 0.9x |
| Wed, 19 Jul 2023 | ₱1.2t | ₱1.4t | ₱139.8b | 7.8x | 8.4x | 0.9x |
| Fri, 16 Jun 2023 | ₱1.2t | ₱1.4t | ₱140.3b | 6.8x | 8.4x | 0.9x |
| Sun, 14 May 2023 | ₱1.2t | ₱1.3t | ₱134.7b | 8.1x | 8.7x | 0.9x |
| Tue, 11 Apr 2023 | ₱1.2t | ₱1.3t | ₱120.0b | 9.8x | 9.6x | 0.9x |
| Thu, 09 Mar 2023 | ₱1.2t | ₱1.2t | ₱107.7b | 9.4x | 10.9x | 0.9x |
| Sat, 04 Feb 2023 | ₱1.2t | ₱1.2t | ₱104.5b | 10.1x | 11.5x | 1x |
| Mon, 02 Jan 2023 | ₱1.2t | ₱1.2t | ₱104.9b | 10.2x | 11.1x | 1x |
| Wed, 30 Nov 2022 | ₱1.1t | ₱1.2t | ₱104.9b | 9.3x | 10.8x | 0.9x |
| Fri, 28 Oct 2022 | ₱1.1t | ₱1.1t | ₱98.7b | 11.3x | 10.9x | 1x |
| Sun, 25 Sep 2022 | ₱1.1t | ₱1.1t | ₱94.6b | 11.3x | 11.5x | 1x |
Price to Earnings Ratio
11.5x
Current Industry PE
- Investors are optimistic on the Filipino Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 10.3x which is higher than its 3-year average PE of 9.2x.
- The 3-year average PS ratio of 0.94x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 6.8% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Filipino Utilities sector?
| PH Market | 1.12% | |
| Utilities | 2.03% | |
| Electric Utilities | 3.61% | |
| Water Utilities | 2.74% | |
| Renewable Energy | -0.12% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 8.7x.
- Analysts are expecting annual earnings growth of 13.6%, which is higher than its past year's earnings growth of 10.4% per year.
- Investors are most pessimistic about the Water Utilities industry, which is trading below its 3-year average of 10.0x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 14% over the next 5 years.
- This is better than its past earnings growth rate of 10% per year.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MER Manila Electric | ₱556.00 | 3.9% +₱23.7b | 30.6% | PE13.3x | |
| SGP Synergy Grid & Development Phils | ₱17.44 | 6.3% +₱5.5b | 93.8% | PE7.1x | |
| MWC Manila Water Company | ₱39.40 | 2.7% +₱2.7b | 34.5% | PE8.6x | |
| FGEN First Gen | ₱16.42 | 1.5% +₱863.2m | -2.8% | PE4x | |
| CREC Citicore Renewable Energy | ₱4.30 | 1.7% +₱781.3m | 33.1% | PE60.6x |