Filipino (PSEi) Utilities Sector Analysis

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
Sat, 25 Jul 2026	₱2.0t	₱1.6t	₱199.8b	7.2x	10.1x	1.2x
Mon, 22 Jun 2026	₱2.0t	₱1.6t	₱199.8b	7.9x	10x	1.2x
Wed, 20 May 2026	₱1.9t	₱1.2t	₱162.0b	7.6x	11.7x	1.5x
Fri, 17 Apr 2026	₱1.9t	₱1.4t	₱156.6b	8.2x	12x	1.4x
Sun, 15 Mar 2026	₱1.8t	₱1.4t	₱174.2b	8.3x	10.1x	1.2x
Tue, 10 Feb 2026	₱1.7t	₱1.4t	₱165.6b	8.6x	10.5x	1.2x
Thu, 08 Jan 2026	₱1.7t	₱1.4t	₱165.8b	7.8x	10.4x	1.2x
Sat, 06 Dec 2025	₱1.7t	₱1.4t	₱165.7b	8.2x	10x	1.2x
Mon, 03 Nov 2025	₱1.5t	₱1.4t	₱147.8b	8.9x	10.1x	1.1x
Wed, 01 Oct 2025	₱1.4t	₱1.4t	₱145.8b	8.4x	9.8x	1.1x
Fri, 29 Aug 2025	₱1.4t	₱1.4t	₱145.4b	8.7x	10x	1.1x
Sun, 27 Jul 2025	₱1.5t	₱1.4t	₱143.5b	9.3x	10.3x	1.1x
Tue, 24 Jun 2025	₱1.4t	₱1.4t	₱143.6b	9.4x	9.8x	1x
Thu, 22 May 2025	₱1.4t	₱1.4t	₱142.7b	8.8x	9.7x	1x
Sat, 19 Apr 2025	₱1.4t	₱1.4t	₱151.6b	9.5x	9.5x	1.1x
Mon, 17 Mar 2025	₱1.4t	₱1.4t	₱148.1b	10.2x	9.3x	1x
Wed, 12 Feb 2025	₱1.4t	₱1.4t	₱143.8b	10.5x	9.5x	1x
Fri, 10 Jan 2025	₱1.4t	₱1.4t	₱143.9b	9.5x	9.5x	1x
Sun, 08 Dec 2024	₱1.3t	₱1.4t	₱145.0b	9.3x	9x	1x
Tue, 05 Nov 2024	₱1.4t	₱1.4t	₱146.8b	10.2x	9.4x	1x
Thu, 03 Oct 2024	₱1.4t	₱1.3t	₱145.4b	10.4x	9.3x	1x
Sat, 31 Aug 2024	₱1.3t	₱1.3t	₱145.4b	10.3x	9x	1x
Mon, 29 Jul 2024	₱1.2t	₱1.3t	₱142.8b	9.9x	8.6x	0.9x
Wed, 26 Jun 2024	₱1.2t	₱1.3t	₱142.2b	8.2x	8.4x	0.9x
Fri, 24 May 2024	₱1.2t	₱1.3t	₱142.0b	9.1x	8.5x	0.9x
Sun, 21 Apr 2024	₱1.1t	₱1.3t	₱140.4b	8.8x	7.8x	0.8x
Tue, 19 Mar 2024	₱1.1t	₱1.3t	₱143.1b	8.3x	8x	0.9x
Thu, 15 Feb 2024	₱1.2t	₱1.3t	₱153.5b	7.9x	7.6x	0.9x
Sat, 13 Jan 2024	₱1.2t	₱1.3t	₱153.4b	7x	7.6x	0.9x
Mon, 11 Dec 2023	₱1.1t	₱1.3t	₱153.3b	6.2x	7.5x	0.9x
Wed, 08 Nov 2023	₱1.2t	₱1.4t	₱150.6b	6.3x	7.9x	0.9x
Fri, 06 Oct 2023	₱1.2t	₱1.4t	₱146.8b	6.9x	8x	0.9x
Sun, 03 Sep 2023	₱1.2t	₱1.4t	₱146.8b	7x	7.9x	0.8x
Tue, 01 Aug 2023	₱1.2t	₱1.4t	₱140.1b	8.4x	8.6x	0.9x

Current Industry PE

Investors are relatively neutral on the Filipino Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 9.3x.

The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.2x.

Past Earnings Growth

The earnings for companies in the Utilities industry have grown 13% per year over the last three years.
Revenues for these companies have grown 5.9% 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	-0.64%
Utilities	3.18%
Renewable Energy	3.84%
Electric Utilities	3.43%
Water Utilities	0.06%

Industry PE

Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 9.5x.

Analysts are expecting annual earnings growth of 21.8%, which is lower than the prior year's growth of 28.1% per year.

Investors are most pessimistic about the Water Utilities industry, which is trading below its 3-year average of 9.2x.

Forecasted Growth

Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 22% over the next 5 years.
However this is lower than its past earnings growth rate of 28% per year.

In contrast, the Water Utilities industry is expected to see its earnings grow by 3.0% 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
AP Aboitiz Power	₱44.20	7.9% +₱23.4b	2.1%	PE14x
MER Manila Electric	₱600.00	2.6% +₱16.9b	12.5%	PE13.1x
SGP Synergy Grid & Development Phils	₱28.05	9.6% +₱12.9b	140.6%	PE4x
LPZ Lopez Holdings	₱5.83	38.5% +₱6.2b	40.5%	PE5.4x
AEV Aboitiz Equity Ventures	₱33.90	1.8% +₱3.3b	1.5%	PE8.8x

New minor risk - Insider selling

There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₱50m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.4% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Significant insider selling over the past 3 months (₱50m sold).

Filipino (PSEi) Utilities Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New major risk - Share price stability

New minor risk - Share price stability

Non-Executive Vice Chairman recently bought ₱2.8m worth of stock

Acen Corporation to Report First Half, 2026 Results on Aug 11, 2026

Maynilad Water Services, Inc. Announces Executive Changes

Upcoming dividend of ₱0.35 per share

Consensus EPS estimates increase by 15%

Aboitiz Power Corporation Announces Resignation of Toshiro Kudama as Member of Board of Directors, Effective June 24, 2026

New minor risk - Insider selling

Raslag Corp. Receives Certificate of Compliance from Energy Regulatory Commission for Raslag-Iv Solar Power Plant

Upcoming dividend of ₱1.10 per share

SP New Energy Corporation Approves Election of Alicia G. Brion as Chief Financial Officer

Non-Executive Director recently bought ₱15m worth of stock