Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Filipino (PSEi) Utilities Sector Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies20
  • 7D1.0%
  • 3M7.1%
  • 1Y17.3%
  • YTD9.0%

Over the last 7 days, the Utilities industry has remained flat, although notably Manila Electric gained 3.2%. The past year has been better, since the industry has gained 17% in that time. Earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

Has the Filipino Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026₱1.9t₱1.4t₱156.4b8.3x11.9x1.4x
Sat, 14 Mar 2026₱1.8t₱1.4t₱174.2b8.3x10.1x1.2x
Mon, 09 Feb 2026₱1.7t₱1.4t₱165.6b8.6x10.5x1.2x
Wed, 07 Jan 2026₱1.7t₱1.4t₱165.7b7.8x10.4x1.2x
Fri, 05 Dec 2025₱1.7t₱1.4t₱165.7b8.2x10x1.2x
Sun, 02 Nov 2025₱1.5t₱1.4t₱147.8b8.9x10.1x1.1x
Tue, 30 Sep 2025₱1.5t₱1.4t₱145.8b8.5x9.9x1.1x
Thu, 28 Aug 2025₱1.5t₱1.4t₱145.5b8.8x10x1.1x
Sat, 26 Jul 2025₱1.5t₱1.4t₱143.5b9.3x10.3x1.1x
Mon, 23 Jun 2025₱1.4t₱1.4t₱143.5b9.4x9.9x1x
Wed, 21 May 2025₱1.4t₱1.4t₱143.4b8.8x9.6x1x
Fri, 18 Apr 2025₱1.4t₱1.4t₱151.8b9.5x9.5x1.1x
Sun, 16 Mar 2025₱1.4t₱1.4t₱148.1b10.2x9.3x1x
Tue, 11 Feb 2025₱1.4t₱1.4t₱143.8b10.6x9.6x1x
Thu, 09 Jan 2025₱1.3t₱1.4t₱143.9b9.5x9.4x1x
Sat, 07 Dec 2024₱1.3t₱1.4t₱145.0b9.3x9x1x
Mon, 04 Nov 2024₱1.4t₱1.4t₱146.8b10.2x9.4x1x
Wed, 02 Oct 2024₱1.4t₱1.3t₱145.4b10.4x9.3x1x
Fri, 30 Aug 2024₱1.3t₱1.3t₱145.4b10.1x8.9x1x
Sun, 28 Jul 2024₱1.2t₱1.3t₱142.8b9.9x8.6x0.9x
Tue, 25 Jun 2024₱1.2t₱1.3t₱142.1b7.7x8.3x0.9x
Thu, 23 May 2024₱1.2t₱1.3t₱142.4b9.1x8.5x0.9x
Sat, 20 Apr 2024₱1.1t₱1.3t₱140.3b8.9x7.9x0.8x
Mon, 18 Mar 2024₱1.2t₱1.3t₱143.1b8.2x8.1x0.9x
Wed, 14 Feb 2024₱1.2t₱1.3t₱153.4b7.9x7.5x0.9x
Fri, 12 Jan 2024₱1.2t₱1.3t₱153.4b7x7.6x0.9x
Sun, 10 Dec 2023₱1.1t₱1.3t₱153.3b6.2x7.5x0.9x
Tue, 07 Nov 2023₱1.2t₱1.4t₱146.6b6.2x8x0.8x
Thu, 05 Oct 2023₱1.2t₱1.4t₱146.8b6.9x8x0.9x
Sat, 02 Sep 2023₱1.2t₱1.4t₱146.8b7x7.9x0.8x
Mon, 31 Jul 2023₱1.2t₱1.4t₱140.1b8.4x8.6x0.9x
Wed, 28 Jun 2023₱1.2t₱1.4t₱140.1b7.2x8.4x0.9x
Fri, 26 May 2023₱1.2t₱1.4t₱139.5b7.5x8.5x0.9x
Sun, 23 Apr 2023₱1.2t₱1.3t₱126.2b10x9.2x0.9x
Price to Earnings Ratio

9.2x


Total Market Cap: ₱1.2tTotal Earnings: ₱126.2bTotal Revenue: ₱1.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Filipino Utilities Sector Price to Earnings3Y Average 9x202420252026
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 11.8x which is higher than its 3-year average PE of 9.0x.
  • The 3-year average PS ratio of 0.98x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 7.4% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Filipino Utilities sector?

PH Market-0.55%
Utilities0.96%
Electric Utilities2.52%
Water Utilities2.10%
Renewable Energy-1.63%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 9.0x.
    • Analysts are expecting annual earnings growth of 29.9%, which is lower than the prior year's growth of 64.8% per year.
  • Investors are most pessimistic about the Water Utilities industry, which is trading close to its 3-year average of 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 30% over the next 5 years.
  • However this is lower than its past earnings growth rate of 65% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 2.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MER Manila Electric₱630.003.2%
+₱22.0b		8.6%PE13.9x
CREC Citicore Renewable Energy₱4.996.2%
+₱3.2b		31.3%PE74.7x
MWC Manila Water Company₱44.502.3%
+₱3.0b		31.1%PE8.3x
MYNLD Maynilad Water Services₱21.101.9%
+₱3.0b		n/aPE10.3x
SPNEC SP New Energy₱1.493.5%
+₱2.5b		19.2%PS64.3x

Latest News

AP
₱44.95
Aboitiz Power
7D
-2.7%
1Y
17.1%

AP: Governance Moves And India Talks Will Shape Future Dividend-Focused Upside

Analysts have maintained their fair value estimate for Aboitiz Power at ₱45.00. The unchanged price target reflects updated assumptions, including a slightly higher discount rate, a lower revenue growth outlook, a higher profit margin, and a lower future P/E multiple.
PERC
₱3.58
PetroEnergy Resources
7D
-6.8%
1Y
-0.6%
FGEN
₱17.50
First Gen
7D
-5.2%
1Y
5.9%
MER
₱630.00
Manila Electric
7D
3.2%
1Y
8.6%

MER: Stable Outlook Will Rely On Dividends And Grid Digitalization Initiatives

Analysts have kept their ₱636.41 price target for Manila Electric unchanged, citing essentially stable assumptions around the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News Huawei, Meralco, and SANXING Ningbo launched an Intelligent Distribution Solution that focuses on reliable communication, edge computing, cloud edge collaboration, and low voltage transparency for power distribution networks (Key Developments).
ACEN
₱2.99
Acen
7D
-0.3%
1Y
6.0%
MWC
₱44.50
Manila Water Company
7D
2.3%
1Y
31.1%
SGP
₱22.30
Synergy Grid & Development Phils
7D
-2.2%
1Y
100.2%
CREC
₱4.99
Citicore Renewable Energy
7D
6.2%
1Y
31.3%
SPNEC
₱1.49
SP New Energy
7D
3.5%
1Y
19.2%
ACR
₱0.74
Alsons Consolidated Resources
7D
-3.9%
1Y
52.6%
LPZ
₱3.91
Lopez Holdings
7D
-2.3%
1Y
50.4%
SPC
₱10.22
SPC Power
7D
0.2%
1Y
24.0%
MYNLD
₱21.10
Maynilad Water Services
7D
1.9%
1Y
n/a
ALTER
₱0.85
Alternergy Holdings
7D
9.0%
1Y
-18.3%
REDC
₱6.85
Repower Energy Development
7D
2.2%
1Y
32.5%
XG
₱2.60
NexGen Energy
7D
-5.5%
1Y
32.7%