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Filipino (PSEi) Utilities Sector Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies20
  • 7D0.4%
  • 3M9.4%
  • 1Y16.8%
  • YTD2.2%

The Utilities is pretty flat in the last 7 days, but SP New Energy has stood out, gaining 16%. 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
Fri, 23 Jan 2026₱1.7t₱1.4t₱165.7b8.1x10.5x1.2x
Sun, 21 Dec 2025₱1.7t₱1.4t₱165.6b8.2x10x1.2x
Tue, 18 Nov 2025₱1.6t₱1.4t₱165.2b7.9x9.8x1.1x
Thu, 16 Oct 2025₱1.5t₱1.4t₱145.8b8.1x10.1x1.1x
Sat, 13 Sep 2025₱1.5t₱1.4t₱145.4b8.6x10.1x1.1x
Mon, 11 Aug 2025₱1.5t₱1.4t₱139.6b9.3x10.4x1.1x
Wed, 09 Jul 2025₱1.4t₱1.4t₱143.3b9.3x10x1x
Fri, 06 Jun 2025₱1.4t₱1.4t₱142.7b9.2x9.8x1x
Sun, 04 May 2025₱1.4t₱1.4t₱145.0b9x9.7x1x
Tue, 01 Apr 2025₱1.4t₱1.4t₱148.5b9.7x9.5x1x
Thu, 27 Feb 2025₱1.4t₱1.4t₱148.3b10.2x9.2x1x
Sat, 25 Jan 2025₱1.4t₱1.4t₱143.8b10.1x9.5x1x
Mon, 23 Dec 2024₱1.3t₱1.4t₱143.9b9.1x8.9x0.9x
Wed, 20 Nov 2024₱1.3t₱1.4t₱145.3b9.2x9.2x1x
Fri, 18 Oct 2024₱1.4t₱1.3t₱145.9b10.5x9.7x1.1x
Sun, 15 Sep 2024₱1.3t₱1.3t₱145.3b10.7x8.9x1x
Tue, 13 Aug 2024₱1.2t₱1.3t₱147.4b9.5x8.4x0.9x
Thu, 11 Jul 2024₱1.2t₱1.3t₱142.7b8.5x8.3x0.9x
Sat, 08 Jun 2024₱1.2t₱1.3t₱142.1b8.2x8.5x0.9x
Mon, 06 May 2024₱1.2t₱1.3t₱142.0b8.7x8.3x0.9x
Wed, 03 Apr 2024₱1.1t₱1.3t₱141.0b8.6x8.1x0.9x
Fri, 01 Mar 2024₱1.2t₱1.3t₱154.4b7.7x7.7x0.9x
Sun, 28 Jan 2024₱1.2t₱1.3t₱153.5b6.8x7.6x0.9x
Tue, 26 Dec 2023₱1.1t₱1.3t₱153.2b6.8x7.5x0.9x
Thu, 23 Nov 2023₱1.2t₱1.3t₱153.5b6.2x7.6x0.9x
Sat, 21 Oct 2023₱1.2t₱1.4t₱146.9b6.5x8.1x0.9x
Mon, 18 Sep 2023₱1.2t₱1.4t₱146.8b6.6x7.8x0.8x
Wed, 16 Aug 2023₱1.2t₱1.4t₱150.7b7.3x7.8x0.8x
Fri, 14 Jul 2023₱1.2t₱1.4t₱139.8b8.4x8.4x0.9x
Sun, 11 Jun 2023₱1.2t₱1.4t₱140.3b6.8x8.2x0.8x
Tue, 09 May 2023₱1.2t₱1.3t₱129.3b9.3x9.1x0.9x
Thu, 06 Apr 2023₱1.1t₱1.3t₱118.3b9.5x9.7x0.9x
Sat, 04 Mar 2023₱1.2t₱1.2t₱106.4b9.4x11.1x1x
Mon, 30 Jan 2023₱1.2t₱1.2t₱104.7b10.4x11.4x1x
Price to Earnings Ratio

11.4x


Total Market Cap: ₱1.2tTotal Earnings: ₱104.7bTotal Revenue: ₱1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Filipino Utilities Sector Price to Earnings3Y Average 9.1x202420252026
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 10.5x 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-1.13%
Utilities0.40%
Renewable Energy2.48%
Water Utilities1.43%
Electric Utilities-1.43%
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 14.5%, 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 9.4x.
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 5.8% 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
SPNEC SP New Energy₱1.2611.5%
+₱6.5b		10.5%PS54.4x
FGEN First Gen₱20.507.8%
+₱5.3b		20.2%PE4.8x
SGP Synergy Grid & Development Phils₱18.925.1%
+₱4.8b		57.7%PE7.9x
AP Aboitiz Power₱44.651.5%
+₱4.7b		11.6%PE10.7x
MYNLD Maynilad Water Services₱18.022.5%
+₱3.3b		n/aPE9.2x

Latest News

SPNEC
₱1.26
SP New Energy
7D
11.5%
1Y
10.5%
PERC
₱3.22
PetroEnergy Resources
7D
-7.5%
1Y
-15.3%
AP
₱44.65
Aboitiz Power
7D
1.5%
1Y
11.6%

AP: Future Governance Shifts And Solar Expansion Will Restrain Share Upside

Analysts have nudged their fair value estimate for Aboitiz Power to about ₱32.06 per share, reflecting updated views on discount rates, revenue growth, profit margins, and the stock's forward P/E profile. What's in the News Aboitiz Power Corporation approved the adoption of its charter, updating its formal corporate governance framework and internal rules (company filing).
VVT
₱20.05
Vivant
7D
-8.9%
1Y
6.6%
MER
₱583.00
Manila Electric
7D
-1.2%
1Y
20.0%

MER: Smart Grid Rollout And Steady Metrics Will Support Fair Valuation

Analysts have lifted their fair value estimate for Manila Electric slightly, from ₱598.21 to about ₱603.38. This reflects refreshed views on its projected revenue growth, profit margins, and future P/E assumptions.
ACR
₱0.50
Alsons Consolidated Resources
7D
-3.8%
1Y
6.4%
FGEN
₱20.50
First Gen
7D
7.8%
1Y
20.2%
CREC
₱4.49
Citicore Renewable Energy
7D
1.8%
1Y
25.1%
MWC
₱39.20
Manila Water Company
7D
-1.1%
1Y
41.5%
ACEN
₱2.93
Acen
7D
-3.9%
1Y
-17.5%
SPC
₱10.26
SPC Power
7D
-1.0%
1Y
13.9%
SGP
₱18.92
Synergy Grid & Development Phils
7D
5.1%
1Y
57.7%
ALTER
₱0.82
Alternergy Holdings
7D
-4.7%
1Y
-32.8%
MYNLD
₱18.02
Maynilad Water Services
7D
2.5%
1Y
n/a
LPZ
₱3.75
Lopez Holdings
7D
0.5%
1Y
29.3%