Manila Electric Co MER

Stock XPHS Rating as of Sep 7, 2026

—

As of Delayed Price

About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

View History

MER is trading within a range we consider fairly valued.

Price

₱480.00

Sep 7, 2026

Fair Value

LOCK|Y.$pY&Y&%

Sep 5, 2026

Uncertainty

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1-Star Price: LOCK|%.&#$dT>
5-Star Price: LOCK|?.$ZhP^#<?
Economic Moat: LOCK|^!ynP
Capital Allocation: —

Trading Information

Previous Close Price: —
Day Range: —–—
52-Week Range: —–—
Bid/Ask: — / —
Shares Outstanding: 1.13B
Market Cap: —
Volume/Avg: — / —

Key Statistics

Price/Earnings (Normalized): 10.32
Price/Sales: 1.01
Dividend Yield (Trailing): 5.95%
Dividend Yield (Forward): 5.95%
Dividend Payment Schedule: Apr, Sep
Total Yield: 5.95%

Company Profile

Manila Electric Co is an electric utility company operating in the Philippines. Along with its subsidiaries, it is mainly engaged in the distribution and sale of electric energy through the distribution network facilities in its franchise area. The company's market is categorized into four classes, namely, residential, commercial, industrial, and streetlights. Additionally, it is involved in certain unregulated activities, which consist of power generation; retail electricity supply (RES); energy infrastructure, payment fulfilment, bills collection, after-the-meter and energy management, telecommunications services, insurance and re-insurance, and other businesses. The group's reportable segments are: Power and Other Services. The majority of its revenue is derived from the Power segment.

Sector: Utilities
Industry: Utilities - Regulated Electric
Stock Style Box: Large Value
Total Number of Employees: 5,815
Website: https://www.meralco.com.ph

Valuation

Metric	MER
Price/Earnings (Normalized)	10.32
Price/Book Value	2.98
Price/Sales	1.01
Price/Cash Flow	12.42

Price/Earnings

MER

Financial Strength

Metric	MER
Quick Ratio	0.86
Current Ratio	0.93
Interest Coverage	8.29

Quick Ratio

MER

Profitability

Metric	MER
Return on Assets (Normalized)	6.79%
Return on Equity (Normalized)	32.84%
Return on Invested Capital (Normalized)	13.33%

Return on Assets

MER

Utilities - Regulated Electric Industry Comparables

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