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Filipino (PSEi) Utilities Sector Analysis
UpdatedApr 21, 2026
DataAggregated Company Financials
Companies20
- 7D0.7%
- 3M7.6%
- 1Y17.7%
- YTD8.6%
In the last week, the Utilities industry is up 1.7%, with Manila Electric up 3.6%. Meanwhile, Synergy Grid & Development Phils actually underperformed within the industry, shrinking 5.2% in the last week. In the last 12 months, the industry was up 17%. Looking forward, earnings are forecast to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Tue, 21 Apr 2026 | ₱1.9t | ₱1.2t | ₱148.2b | 8x | 12.5x | 1.5x |
| Thu, 19 Mar 2026 | ₱1.8t | ₱1.4t | ₱172.2b | 8.5x | 10.2x | 1.2x |
| Sat, 14 Feb 2026 | ₱1.8t | ₱1.4t | ₱165.4b | 8x | 10.6x | 1.2x |
| 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 |
Price to Earnings Ratio
9.1x
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 12.5x which is higher than its 3-year average PE of 9.1x.
- The 3-year average PS ratio of 0.99x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 5.0% per year over the last three years.
- Meanwhile revenues for these companies have declined 2.7% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Filipino Utilities sector?
| PH Market | -0.15% | |
| Utilities | 0.70% | |
| Electric Utilities | 2.08% | |
| Water Utilities | 0.21% | |
| Renewable Energy | -0.98% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 9.1x.
- Analysts are expecting annual earnings growth of 29.2%, which is lower than the prior year's growth of 42.8% 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 29% over the next 5 years.
- However this is lower than its past earnings growth rate of 43% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MER Manila Electric | ₱639.50 | 3.6% +₱25.4b | 11.3% | PE14.1x | |
| MYNLD Maynilad Water Services | ₱21.65 | 3.1% +₱4.8b | n/a | PE10.5x | |
| SPNEC SP New Energy | ₱1.54 | 4.1% +₱3.0b | 24.2% | PS66.5x | |
| FPH First Philippine Holdings | ₱78.00 | 5.3% +₱1.7b | 35.2% | PE4.1x | |
| FGEN First Gen | ₱17.80 | 2.3% +₱1.4b | 7.7% | PE6.3x |