Basis: FMP quote market capitalization / book value attributable to common shareholders (matching reported total stockholders equity minus preferred stock). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/B ratio high or low?
The P/B ratio of 63.20 is 734% above its estimated 5-year average of 7.57, near the high end of its estimated 5-year range (1.48–77.78).
As of 2026-10-06T16:21:32.904Z. 271.98% above its estimated 12-month average of 16.99.
Calculation as of: 2026-10-06T16:21:32.904Z.
Quote observation: 2026-10-06T16:20:45.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 58fbea29662b0d6b87b9cbf67ad6c68dfb95ff4e1f7b361808abe924f7c6087e
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-10-05.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
PB RATIO
63.20
PB RATIO AVG TTM
16.99
PB RATIO AVG 3Y
10.12
PB RATIO AVG 5Y
7.57
PB RATIO AVG 10Y
7.57
PB RATIO AVG 15Y
7.66
PB RATIO AVG 20Y
11.04
CURRENT VS TTM AVG
+271.98%
CURRENT VS 3Y AVG
+524.75%
CURRENT VS 5Y AVG
+734.38%
CURRENT VS 10Y AVG
+734.38%
CURRENT VS 15Y AVG
+724.77%
CURRENT VS 20Y AVG
+472.39%
SECTOR MEDIAN · UTILITIES
1.89
median of 62 covered companies
CURRENT VS SECTOR MEDIAN
+3243.92%
vs the sector median at left
Market Cap
$347.68M
PB Ratio
1.36
TTM Avg
1.36
3Y Avg
1.49
5Y Avg
1.92
Market Cap
$234.29M
PB Ratio
2.76
TTM Avg
2.70
3Y Avg
4.56
5Y Avg
6.42
Market Cap
$411.06M
PB Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cadiz Inc. (CDZI) | $294.72M | 63.20 | 16.99 | 10.12 | 7.57 |
| Pure Cycle Corporation (PCYO)vs › | $261.94M | 1.73 | 1.81 | 1.94 | 2.15 |
| Terrestrial Energy Inc. (IMSR)vs › | $332.53M | 1.18 | 2.60 | 2.60 | 2.60 |
| Cadiz Inc. (CDZIP)vs › | $249.34M | 53.47 | 121.74 | 63.41 | 46.07 |
| Artesian Resources Corporation (ARTNA)vs › | $347.68M | 1.36 | 1.36 | 1.49 | 1.92 |
| Global Water Resources, Inc. (GWRS)vs › | $234.29M | 2.76 | 2.70 | 4.56 | 6.42 |
| Digi Power X Inc. (DGXX)vs › | $358.21M | 0.00 | 2.55 | 2.17 | 1.72 |
| RGC Resources, Inc. (RGCO)vs › | $227.40M | 1.85 | 1.93 | 1.91 | 1.93 |
| Terra Innovatum Global N.V. Ordinary shares (NKLR)vs › | $411.06M | N/A | N/A | N/A | N/A |
| Consolidated Water Co. Ltd. (CWCO)vs › | $489.70M | 2.17 | 2.37 | 2.32 | 2.00 |
At 63.20, P/B is above its estimated 20-year median — higher than 96% of readings in its estimated 20-year history.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
estimated 20-year low
1.48
median
10.54
estimated 20-year high
185.66
P/B Ratio
63.20
Market Price / Book Value per Share
PB Ratio = Market Cap / (Total Shareholders' Equity − Preferred Stock)
The price-to-book ratio compares market capitalization to book value attributable to common shareholders (total equity minus preferred stock). Lower values can indicate a cheaper valuation relative to net assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PB RATIO |
|---|---|
| 2026-10-05 | 64.42 |
| 2026-10-02 | 69.11 |
| 2026-10-01 | 66.77 |
| 2026-09-30 | 70.74 |
| 2026-09-29 | 64.60 |
| 2026-09-28 | 64.60 |
| 2026-09-25 | 65.87 |
| 2026-09-24 | 66.95 |
| 2026-09-23 | 68.93 |
| 2026-09-22 | 66.59 |
| 2026-09-21 | 68.21 |
| 2026-09-18 | 64.24 |
| 2026-09-17 | 60.81 |
| 2026-09-16 | 64.24 |
| 2026-09-15 | 63.34 |
| 2026-09-14 | 64.96 |
| 2026-09-11 | 65.87 |
| 2026-09-10 | 70.56 |
| 2026-09-09 | 73.08 |
| 2026-09-08 | 77.78 |
| 2026-09-04 | 75.25 |
| 2026-09-03 | 72.36 |
| 2026-09-02 | 73.45 |
| 2026-09-01 | 71.64 |
| 2026-08-31 | 71.64 |
| 2026-08-28 | 72.00 |
| 2026-08-27 | 71.28 |
| 2026-08-26 | 72.72 |
| 2026-08-25 | 74.71 |
| 2026-08-24 | 68.03 |
| 2026-08-21 | 66.05 |
| 2026-08-20 | 64.06 |
| 2026-08-19 | 61.72 |
| 2026-08-18 | 58.29 |
| 2026-08-17 | 57.75 |
| 2026-08-14 | 62.62 |
| 2026-08-13 | 18.78 |
| 2026-08-12 | 18.56 |
| 2026-08-11 | 18.99 |
| 2026-08-10 | 17.76 |
| 2026-08-07 | 18.51 |
| 2026-08-06 | 17.49 |
| 2026-08-05 | 17.39 |
| 2026-08-04 | 17.01 |
| 2026-08-03 | 16.53 |
| 2026-07-31 | 16.00 |
| 2026-07-30 | 16.80 |
| 2026-07-29 | 15.94 |
| 2026-07-28 | 16.48 |
| 2026-07-27 | 16.48 |
| 2026-07-24 | 16.91 |
| 2026-07-23 | 17.12 |
| 2026-07-22 | 17.76 |
| 2026-07-21 | 17.87 |
| 2026-07-20 | 17.76 |
| 2026-07-17 | 18.19 |
| 2026-07-16 | 18.62 |
| 2026-07-15 | 19.47 |
| 2026-07-14 | 21.19 |
| 2026-07-13 | 20.49 |
| 2026-07-10 | 23.54 |
| 2026-07-09 | 21.35 |
| 2026-07-08 | 21.77 |
| 2026-07-07 | 21.83 |
| 2026-07-06 | 22.90 |
| 2026-07-02 | 22.42 |
| 2026-07-01 | 21.83 |
| 2026-06-30 | 22.36 |
| 2026-06-29 | 20.76 |
| 2026-06-26 | 19.90 |
| 2026-06-25 | 19.53 |
| 2026-06-24 | 21.45 |
| 2026-06-23 | 21.77 |
| 2026-06-22 | 21.40 |
| 2026-06-18 | 21.77 |
| 2026-06-17 | 21.51 |
| 2026-06-16 | 20.22 |
| 2026-06-15 | 20.65 |
| 2026-06-12 | 21.35 |
| 2026-06-11 | 21.51 |
| 2026-06-10 | 20.86 |
| 2026-06-09 | 21.51 |
| 2026-06-08 | 21.72 |
| 2026-06-05 | 22.15 |
| 2026-06-04 | 24.40 |
| 2026-06-03 | 24.29 |
| 2026-06-02 | 25.95 |
| 2026-06-01 | 25.14 |
| 2026-05-29 | 26.11 |
| 2026-05-28 | 23.43 |
| 2026-05-27 | 23.75 |
| 2026-05-26 | 24.50 |
| 2026-05-22 | 22.74 |
| 2026-05-21 | 22.42 |
| 2026-05-20 | 22.20 |
| 2026-05-19 | 23.16 |
| 2026-05-18 | 22.36 |
| 2026-05-15 | 22.04 |
| 2026-05-14 | 16.17 |
| 2026-05-13 | 16.35 |
| 2026-05-12 | 16.10 |
| 2026-05-11 | 16.28 |
| 2026-05-08 | 16.56 |
| 2026-05-07 | 16.70 |
| 2026-05-06 | 16.45 |
| 2026-05-05 | 16.04 |
| 2026-05-04 | 15.34 |
| 2026-05-01 | 15.23 |
| 2026-04-30 | 15.09 |
| 2026-04-29 | 14.61 |
| 2026-04-28 | 15.44 |
| 2026-04-27 | 15.69 |
| 2026-04-24 | 16.45 |
| 2026-04-23 | 16.35 |
| 2026-04-22 | 17.08 |
| 2026-04-21 | 16.91 |
| 2026-04-20 | 17.32 |
| 2026-04-17 | 16.87 |
| 2026-04-16 | 16.84 |
| 2026-04-15 | 17.12 |
| 2026-04-14 | 16.35 |
| 2026-04-13 | 16.84 |
| 2026-04-10 | 17.29 |
| 2026-04-09 | 17.15 |
| 2026-04-08 | 17.64 |
| 2026-04-07 | 17.05 |
| 2026-04-06 | 17.81 |
| 2026-04-02 | 17.19 |
| 2026-04-01 | 17.64 |
| 2026-03-31 | 14.54 |
| 2026-03-30 | 14.42 |
| 2026-03-27 | 14.63 |
| 2026-03-26 | 14.98 |
| 2026-03-25 | 15.07 |
| 2026-03-24 | 14.27 |
| 2026-03-23 | 14.10 |
| 2026-03-20 | 13.62 |
| 2026-03-19 | 14.24 |
| 2026-03-18 | 14.33 |
| 2026-03-17 | 15.07 |
| 2026-03-16 | 15.28 |
| 2026-03-13 | 15.19 |
| 2026-03-12 | 15.40 |
| 2026-03-11 | 15.40 |
| 2026-03-10 | 15.67 |
| 2026-03-09 | 15.52 |
| 2026-03-06 | 15.75 |
| 2026-03-05 | 15.99 |
| 2026-03-04 | 16.58 |
| 2026-03-03 | 15.96 |
| 2026-03-02 | 16.14 |
| 2026-02-27 | 15.40 |
| 2026-02-26 | 15.73 |
| 2026-02-25 | 15.78 |
| 2026-02-24 | 15.81 |
| 2026-02-23 | 15.46 |
| 2026-02-20 | 15.73 |
| 2026-02-19 | 16.23 |
| 2026-02-18 | 15.99 |
| 2026-02-17 | 15.55 |
| 2026-02-13 | 14.54 |
| 2026-02-12 | 14.07 |
| 2026-02-11 | 14.48 |
| 2026-02-10 | 14.72 |
| 2026-02-09 | 14.27 |
| 2026-02-06 | 13.83 |
| 2026-02-05 | 13.47 |
| 2026-02-04 | 14.27 |
| 2026-02-03 | 15.19 |
| 2026-02-02 | 15.90 |
| 2026-01-30 | 16.70 |
| 2026-01-29 | 16.85 |
| 2026-01-28 | 18.04 |
| 2026-01-27 | 19.10 |
| 2026-01-26 | 18.98 |
| 2026-01-23 | 19.58 |
| 2026-01-22 | 19.58 |
| 2026-01-21 | 19.78 |
| 2026-01-20 | 18.89 |
| 2026-01-16 | 20.49 |
| 2026-01-15 | 19.72 |
| 2026-01-14 | 20.14 |
| 2026-01-13 | 19.55 |
| 2026-01-12 | 18.01 |
| 2026-01-09 | 17.09 |
| 2026-01-08 | 16.82 |
| 2026-01-07 | 17.15 |
| 2026-01-06 | 17.77 |
| 2026-01-05 | 17.15 |
| 2026-01-02 | 17.18 |
| 2025-12-31 | 16.61 |
| 2025-12-30 | 16.70 |
| 2025-12-29 | 16.23 |
| 2025-12-26 | 16.88 |
| 2025-12-24 | 16.91 |
| 2025-12-23 | 17.00 |
| 2025-12-22 | 16.73 |
| 2025-12-19 | 15.84 |
| 2025-12-18 | 15.46 |
| 2025-12-17 | 15.64 |
| 2025-12-16 | 16.08 |
| 2025-12-15 | 15.84 |
| 2025-12-12 | 16.79 |
| 2025-12-11 | 17.35 |
| 2025-12-10 | 17.12 |
| 2025-12-09 | 17.06 |
| 2025-12-08 | 17.24 |
| 2025-12-05 | 16.88 |
| 2025-12-04 | 17.38 |
| 2025-12-03 | 16.76 |
| 2025-12-02 | 15.67 |
| 2025-12-01 | 15.49 |
| 2025-11-28 | 16.50 |
| 2025-11-26 | 16.11 |
| 2025-11-25 | 16.26 |
| 2025-11-24 | 16.50 |
| 2025-11-21 | 17.03 |
| 2025-11-20 | 16.17 |
| 2025-11-19 | 17.92 |
| 2025-11-18 | 18.63 |
| 2025-11-17 | 16.79 |
| 2025-11-14 | 15.40 |
| 2025-11-13 | 11.08 |
| 2025-11-12 | 10.60 |
| 2025-11-11 | 10.62 |
| 2025-11-10 | 11.17 |
| 2025-11-07 | 11.29 |
| 2025-11-06 | 11.29 |
| 2025-11-05 | 11.73 |
| 2025-11-04 | 11.75 |
| 2025-11-03 | 12.12 |
| 2025-10-31 | 12.21 |
| 2025-10-30 | 12.17 |
| 2025-10-29 | 12.69 |
| 2025-10-28 | 13.20 |
| 2025-10-27 | 12.60 |
| 2025-10-24 | 12.07 |
| 2025-10-23 | 11.68 |
| 2025-10-22 | 11.20 |
| 2025-10-21 | 11.11 |
| 2025-10-20 | 11.87 |
| 2025-10-17 | 11.68 |
| 2025-10-16 | 12.72 |
| 2025-10-15 | 13.48 |
| 2025-10-14 | 12.79 |
| 2025-10-13 | 12.30 |
| 2025-10-10 | 12.12 |
| 2025-10-09 | 12.49 |
| 2025-10-08 | 12.99 |
| 2025-10-07 | 12.03 |
| 2025-10-06 | 11.15 |
| 2025-10-03 | 11.11 |
| 2025-10-02 | 10.94 |
| 2025-10-01 | 10.11 |
| 2025-09-30 | 10.87 |
| 2025-09-29 | 10.94 |
| 2025-09-26 | 10.41 |
| 2025-09-25 | 10.18 |
| 2025-09-24 | 10.62 |
| 2025-09-23 | 10.58 |
Showing the most recent 260 of 2,420 data points. The chart above shows the full history.