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Filipino (PSEi) Utilities Sector Analysis
UpdatedJan 12, 2026
DataAggregated Company Financials
Companies20
- 7D1.3%
- 3M8.8%
- 1Y16.8%
- YTD1.3%
The Utilities industry is up 1.3% in the last week, with Manila Electric up 0.9%. This takes the industry's 12 month performance to a gain of 17%. As for the next few years, earnings are expected to grow by 15% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 12 Jan 2026 | ₱1.7t | ₱1.4t | ₱165.7b | 8x | 10.4x | 1.2x |
| Wed, 10 Dec 2025 | ₱1.7t | ₱1.4t | ₱165.8b | 8.2x | 10x | 1.2x |
| Fri, 07 Nov 2025 | ₱1.5t | ₱1.4t | ₱161.9b | 8.4x | 9.4x | 1.1x |
| Sun, 05 Oct 2025 | ₱1.5t | ₱1.4t | ₱145.8b | 8.8x | 10.1x | 1.1x |
| Tue, 02 Sep 2025 | ₱1.5t | ₱1.4t | ₱145.4b | 8.6x | 10x | 1.1x |
| Thu, 31 Jul 2025 | ₱1.5t | ₱1.4t | ₱143.9b | 9.3x | 10.3x | 1.1x |
| Sat, 28 Jun 2025 | ₱1.4t | ₱1.4t | ₱143.4b | 9.4x | 9.9x | 1x |
| Mon, 26 May 2025 | ₱1.4t | ₱1.4t | ₱142.6b | 8.8x | 9.7x | 1x |
| Wed, 23 Apr 2025 | ₱1.4t | ₱1.4t | ₱151.6b | 9.5x | 9.5x | 1.1x |
| Fri, 21 Mar 2025 | ₱1.4t | ₱1.4t | ₱148.1b | 9.7x | 9.4x | 1x |
| Sun, 16 Feb 2025 | ₱1.4t | ₱1.4t | ₱143.7b | 10.1x | 9.5x | 1x |
| Tue, 14 Jan 2025 | ₱1.4t | ₱1.4t | ₱143.9b | 9.7x | 9.4x | 1x |
| Thu, 12 Dec 2024 | ₱1.3t | ₱1.4t | ₱143.8b | 9.3x | 9.1x | 1x |
| Sat, 09 Nov 2024 | ₱1.4t | ₱1.4t | ₱147.3b | 9.9x | 9.3x | 1x |
| Mon, 07 Oct 2024 | ₱1.4t | ₱1.3t | ₱145.5b | 10.5x | 9.5x | 1x |
| Wed, 04 Sep 2024 | ₱1.3t | ₱1.3t | ₱145.5b | 10.7x | 8.8x | 1x |
| Fri, 02 Aug 2024 | ₱1.2t | ₱1.3t | ₱145.8b | 9.6x | 8.6x | 0.9x |
| Sun, 30 Jun 2024 | ₱1.2t | ₱1.3t | ₱142.1b | 8.3x | 8.5x | 0.9x |
| Tue, 28 May 2024 | ₱1.2t | ₱1.3t | ₱142.0b | 8.5x | 8.5x | 0.9x |
| Thu, 25 Apr 2024 | ₱1.1t | ₱1.3t | ₱140.4b | 8.6x | 8x | 0.8x |
| Sat, 23 Mar 2024 | ₱1.2t | ₱1.3t | ₱143.3b | 8.4x | 8.1x | 0.9x |
| Mon, 19 Feb 2024 | ₱1.2t | ₱1.3t | ₱153.4b | 7.7x | 7.7x | 0.9x |
| Wed, 17 Jan 2024 | ₱1.2t | ₱1.3t | ₱153.4b | 6.9x | 7.5x | 0.9x |
| Fri, 15 Dec 2023 | ₱1.2t | ₱1.3t | ₱153.3b | 6.3x | 7.5x | 0.9x |
| Sun, 12 Nov 2023 | ₱1.2t | ₱1.4t | ₱151.6b | 6.4x | 7.7x | 0.9x |
| Tue, 10 Oct 2023 | ₱1.2t | ₱1.4t | ₱146.9b | 6.9x | 8.1x | 0.9x |
| Thu, 07 Sep 2023 | ₱1.2t | ₱1.4t | ₱146.9b | 7x | 7.9x | 0.8x |
| Sat, 05 Aug 2023 | ₱1.2t | ₱1.4t | ₱143.8b | 7.9x | 8.3x | 0.9x |
| Mon, 03 Jul 2023 | ₱1.2t | ₱1.4t | ₱140.1b | 7.1x | 8.5x | 0.9x |
| Wed, 31 May 2023 | ₱1.1t | ₱1.4t | ₱140.4b | 7.5x | 8.2x | 0.8x |
| Fri, 28 Apr 2023 | ₱1.2t | ₱1.3t | ₱127.8b | 9.3x | 9.1x | 0.9x |
| Sun, 26 Mar 2023 | ₱1.1t | ₱1.2t | ₱115.4b | 9.4x | 9.9x | 0.9x |
| Tue, 21 Feb 2023 | ₱1.2t | ₱1.2t | ₱104.8b | 10x | 11.4x | 1x |
| Thu, 19 Jan 2023 | ₱1.2t | ₱1.2t | ₱104.7b | 10.9x | 11.3x | 1x |
Price to Earnings Ratio
11.3x
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 10.4x which is higher than its 3-year average PE of 9.1x.
- The 3-year average PS ratio of 0.96x 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 17% per year over the last three years.
- Revenues for these companies have grown 5.4% 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 | 2.56% | |
| Utilities | 1.26% | |
| Renewable Energy | 2.32% | |
| Electric Utilities | 1.32% | |
| Water Utilities | -1.53% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 8.9x.
- Analysts are expecting annual earnings growth of 14.4%, which is higher than its past year's earnings growth of 12.8% per year.
- Investors are most pessimistic about the Water Utilities industry, which is trading close to its 3-year average of 9.5x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 34% per year.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 5.6% 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 | ₱590.00 | 0.9% +₱5.6b | 21.6% | PE13.6x | |
| AP Aboitiz Power | ₱44.35 | 1.4% +₱4.3b | 12.1% | PE10.7x | |
| FGEN First Gen | ₱19.04 | 6.7% +₱4.3b | 11.3% | PE4.4x | |
| SGP Synergy Grid & Development Phils | ₱17.64 | 4.1% +₱3.7b | 63.3% | PE7.4x | |
| SPNEC SP New Energy | ₱1.21 | 4.3% +₱2.5b | 13.1% | PS52.2x |