Manila Electric Valuation Multiples

Manila Electric Overview

About Manila Electric

Manila Electric Co, or Meralco, is an electric utility company serving the Philippines. Meralco generates, transmits, and distributes electricity through its portfolio of thermal power plants. The vast majority of the energy produced by the company comes from its natural gas and coal facilities. Meralco generates almost all of its revenue through the sale of electricity. While nearly all of the company's customers are residential entities, total energy sales are split fairly evenly between commercial, industrial, and residential customers. Meralco is the electric distribution company in the Philippines and serves dozens of cities and municipalities, including Metropolitan Manila.

Founded

1903

HQ

Employees

19.6K

Website

meralco.com.ph

Sectors

Utilities

Financials (FY)

Revenue: $8B

EBITDA: $2B

EV

$14B

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Manila Electric Financials

Manila Electric reported last fiscal year revenue of $8B and EBITDA of $2B.

In the same fiscal year, Manila Electric generated $2B in gross profit, $2B in EBITDA, and $859M in net income.

Manila Electric P&L

In the most recent fiscal year, Manila Electric reported revenue of $8B and EBITDA of $2B.

Manila Electric expects next 12-month revenue of XXX and NTM EBITDA of XXX

Manila Electric Stock Performance

Manila Electric has current market cap of $12B, and enterprise value of $14B.

Manila Electric's stock price is $10.61.

Manila Electric Valuation Multiples

Manila Electric trades at 1.7x EV/Revenue multiple, and 9.3x EV/EBITDA.

Manila Electric Financial Valuation Multiples

As of April 20, 2026, Manila Electric has market cap of $12B and EV of $14B.

Equity research analysts estimate Manila Electric's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Manila Electric has a P/E ratio of 13.9x.

Manila Electric Margins & Growth Rates

Manila Electric's revenue in the last fiscal year grew by 6%.

Manila Electric's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.0M for the same period.

Manila Electric Public Comps

See public comps and valuation multiples for other Utilities comps.

Manila Electric M&A Activity

Manila Electric acquired XXX companies to date.

Last acquisition by Manila Electric was on XXXXXXXX, XXXXX. Manila Electric acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Manila Electric Investment Activity

Manila Electric invested in XXX companies to date.

Manila Electric made its latest investment on XXXXXXXX, XXXXX. Manila Electric invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).