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 53.62 is 74% above its estimated 5-year average of 30.78, near the low end of its estimated 5-year range (11.11–407.47).
As of 2026-10-06T19:41:00.347Z. 28.76% below its estimated 12-month average of 75.26.
Calculation as of: 2026-10-06T19:41:00.347Z.
Quote observation: 2026-10-06T18:46:52.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 6ed2ab42ab766eb1123d2701f59e953d86edd9dc20836a0e75a96c9beef36686
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
53.62
PB RATIO AVG TTM
75.26
PB RATIO AVG 3Y
39.64
PB RATIO AVG 5Y
30.78
PB RATIO AVG 10Y
N/A
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-28.76%
CURRENT VS 3Y AVG
+35.28%
CURRENT VS 5Y AVG
+74.18%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · UTILITIES
1.86
median of 66 covered companies
CURRENT VS SECTOR MEDIAN
+2775.07%
vs the sector median at left
Market Cap
$233.13M
PB Ratio
2.75
TTM Avg
2.70
3Y Avg
4.56
5Y Avg
6.42
Market Cap
$348.14M
PB Ratio
1.36
TTM Avg
1.36
3Y Avg
1.49
5Y Avg
1.92
Market Cap
$395.74M
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. (CDZIP) | $250.02M | 53.62 | 75.26 | 39.64 | 30.78 |
| Pure Cycle Corporation (PCYO)vs › | $264.11M | 1.74 | 1.81 | 1.94 | 2.15 |
| Global Water Resources, Inc. (GWRS)vs › | $233.13M | 2.75 | 2.70 | 4.56 | 6.42 |
| RGC Resources, Inc. (RGCO)vs › | $224.74M | 1.83 | 1.93 | 1.91 | 1.93 |
| Cadiz Inc. (CDZI)vs › | $291.32M | 62.47 | 24.26 | 12.87 | 9.42 |
| Terrestrial Energy Inc. (IMSR)vs › | $327.88M | 1.16 | 2.60 | 2.60 | 2.60 |
| Artesian Resources Corporation (ARTNA)vs › | $348.14M | 1.36 | 1.36 | 1.49 | 1.92 |
| Digi Power X Inc. (DGXX)vs › | $355.74M | 0.00 | 2.55 | 2.17 | 1.72 |
| Terra Innovatum Global N.V. Ordinary shares (NKLR)vs › | $395.74M | N/A | N/A | N/A | N/A |
| VivoPower PLC (VIVO)vs › | $55.07M | N/A | N/A | N/A | N/A |
At 53.62, P/B is above its estimated 5-year median — higher than 75% of readings in its estimated 5-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 5-year low
11.11
median
26.47
estimated 5-year high
407.47
P/B Ratio
53.62
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 | 389.06 |
| 2026-10-02 | 400.61 |
| 2026-10-01 | 400.79 |
| 2026-09-30 | 400.61 |
| 2026-09-29 | 397.00 |
| 2026-09-28 | 395.20 |
| 2026-09-25 | 395.56 |
| 2026-09-24 | 393.40 |
| 2026-09-23 | 392.49 |
| 2026-09-22 | 397.00 |
| 2026-09-21 | 392.31 |
| 2026-09-18 | 395.38 |
| 2026-09-17 | 397.19 |
| 2026-09-16 | 401.52 |
| 2026-09-15 | 401.52 |
| 2026-09-14 | 404.22 |
| 2026-09-11 | 400.61 |
| 2026-09-10 | 397.00 |
| 2026-09-09 | 399.89 |
| 2026-09-08 | 397.00 |
| 2026-09-04 | 398.81 |
| 2026-09-03 | 396.64 |
| 2026-09-02 | 396.28 |
| 2026-09-01 | 397.91 |
| 2026-08-31 | 397.00 |
| 2026-08-28 | 401.52 |
| 2026-08-27 | 403.86 |
| 2026-08-26 | 403.86 |
| 2026-08-25 | 404.76 |
| 2026-08-24 | 399.89 |
| 2026-08-21 | 402.24 |
| 2026-08-20 | 401.52 |
| 2026-08-19 | 405.13 |
| 2026-08-18 | 404.76 |
| 2026-08-17 | 407.47 |
| 2026-08-14 | 405.85 |
| 2026-08-13 | 120.37 |
| 2026-08-12 | 119.68 |
| 2026-08-11 | 118.50 |
| 2026-08-10 | 119.41 |
| 2026-08-07 | 119.46 |
| 2026-08-06 | 119.46 |
| 2026-08-05 | 119.84 |
| 2026-08-04 | 119.30 |
| 2026-08-03 | 119.30 |
| 2026-07-31 | 119.68 |
| 2026-07-30 | 119.35 |
| 2026-07-29 | 119.84 |
| 2026-07-28 | 118.77 |
| 2026-07-27 | 119.30 |
| 2026-07-24 | 118.77 |
| 2026-07-23 | 119.30 |
| 2026-07-22 | 119.78 |
| 2026-07-21 | 118.66 |
| 2026-07-20 | 117.70 |
| 2026-07-17 | 119.41 |
| 2026-07-16 | 116.84 |
| 2026-07-15 | 117.70 |
| 2026-07-14 | 118.77 |
| 2026-07-13 | 119.57 |
| 2026-07-10 | 119.03 |
| 2026-07-09 | 117.70 |
| 2026-07-08 | 117.96 |
| 2026-07-07 | 119.84 |
| 2026-07-06 | 120.00 |
| 2026-07-02 | 119.84 |
| 2026-07-01 | 122.24 |
| 2026-06-30 | 122.46 |
| 2026-06-29 | 121.55 |
| 2026-06-26 | 121.71 |
| 2026-06-25 | 123.05 |
| 2026-06-24 | 122.40 |
| 2026-06-23 | 123.47 |
| 2026-06-22 | 125.19 |
| 2026-06-18 | 121.92 |
| 2026-06-17 | 121.92 |
| 2026-06-16 | 125.40 |
| 2026-06-15 | 125.45 |
| 2026-06-12 | 125.72 |
| 2026-06-11 | 128.24 |
| 2026-06-10 | 120.53 |
| 2026-06-09 | 120.32 |
| 2026-06-08 | 120.85 |
| 2026-06-05 | 120.10 |
| 2026-06-04 | 121.76 |
| 2026-06-03 | 119.30 |
| 2026-06-02 | 120.37 |
| 2026-06-01 | 119.41 |
| 2026-05-29 | 120.32 |
| 2026-05-28 | 114.38 |
| 2026-05-27 | 112.88 |
| 2026-05-26 | 113.79 |
| 2026-05-22 | 109.67 |
| 2026-05-21 | 110.21 |
| 2026-05-20 | 111.54 |
| 2026-05-19 | 109.67 |
| 2026-05-18 | 109.14 |
| 2026-05-15 | 109.46 |
| 2026-05-14 | 70.21 |
| 2026-05-13 | 70.21 |
| 2026-05-12 | 70.90 |
| 2026-05-11 | 70.62 |
| 2026-05-08 | 72.89 |
| 2026-05-07 | 70.21 |
| 2026-05-06 | 69.93 |
| 2026-05-05 | 69.96 |
| 2026-05-04 | 69.79 |
| 2026-05-01 | 68.36 |
| 2026-04-30 | 67.87 |
| 2026-04-29 | 68.18 |
| 2026-04-28 | 67.35 |
| 2026-04-27 | 67.45 |
| 2026-04-24 | 68.32 |
| 2026-04-23 | 68.32 |
| 2026-04-22 | 68.25 |
| 2026-04-21 | 68.25 |
| 2026-04-20 | 68.32 |
| 2026-04-17 | 67.49 |
| 2026-04-16 | 67.59 |
| 2026-04-15 | 67.28 |
| 2026-04-14 | 67.21 |
| 2026-04-13 | 67.56 |
| 2026-04-10 | 68.32 |
| 2026-04-09 | 67.10 |
| 2026-04-08 | 68.32 |
| 2026-04-07 | 67.56 |
| 2026-04-06 | 67.21 |
| 2026-04-02 | 68.25 |
| 2026-04-01 | 70.41 |
| 2026-03-31 | 58.04 |
| 2026-03-30 | 58.01 |
| 2026-03-27 | 57.51 |
| 2026-03-26 | 58.07 |
| 2026-03-25 | 57.90 |
| 2026-03-24 | 57.19 |
| 2026-03-23 | 57.69 |
| 2026-03-20 | 57.42 |
| 2026-03-19 | 57.24 |
| 2026-03-18 | 57.63 |
| 2026-03-17 | 57.51 |
| 2026-03-16 | 56.59 |
| 2026-03-13 | 56.59 |
| 2026-03-12 | 56.45 |
| 2026-03-11 | 57.16 |
| 2026-03-10 | 57.13 |
| 2026-03-09 | 57.39 |
| 2026-03-06 | 57.75 |
| 2026-03-05 | 57.90 |
| 2026-03-04 | 57.90 |
| 2026-03-03 | 57.66 |
| 2026-03-02 | 57.63 |
| 2026-02-27 | 58.04 |
| 2026-02-26 | 57.78 |
| 2026-02-25 | 57.99 |
| 2026-02-24 | 57.96 |
| 2026-02-23 | 57.78 |
| 2026-02-20 | 57.19 |
| 2026-02-19 | 57.96 |
| 2026-02-18 | 57.99 |
| 2026-02-17 | 57.87 |
| 2026-02-13 | 56.68 |
| 2026-02-12 | 56.18 |
| 2026-02-11 | 56.15 |
| 2026-02-10 | 56.27 |
| 2026-02-09 | 56.15 |
| 2026-02-06 | 55.85 |
| 2026-02-05 | 56.27 |
| 2026-02-04 | 56.39 |
| 2026-02-03 | 57.33 |
| 2026-02-02 | 57.96 |
| 2026-01-30 | 57.96 |
| 2026-01-29 | 57.87 |
| 2026-01-28 | 57.84 |
| 2026-01-27 | 57.99 |
| 2026-01-26 | 58.01 |
| 2026-01-23 | 58.01 |
| 2026-01-22 | 58.04 |
| 2026-01-21 | 58.04 |
| 2026-01-20 | 58.04 |
| 2026-01-16 | 57.99 |
| 2026-01-15 | 57.96 |
| 2026-01-14 | 57.99 |
| 2026-01-13 | 57.93 |
| 2026-01-12 | 58.04 |
| 2026-01-09 | 58.04 |
| 2026-01-08 | 58.04 |
| 2026-01-07 | 58.04 |
| 2026-01-06 | 57.84 |
| 2026-01-05 | 57.45 |
| 2026-01-02 | 57.99 |
| 2025-12-31 | 58.04 |
| 2025-12-30 | 58.04 |
| 2025-12-29 | 58.04 |
| 2025-12-26 | 57.60 |
| 2025-12-24 | 57.45 |
| 2025-12-23 | 57.72 |
| 2025-12-22 | 58.19 |
| 2025-12-19 | 58.04 |
| 2025-12-18 | 58.04 |
| 2025-12-17 | 58.04 |
| 2025-12-16 | 58.04 |
| 2025-12-15 | 57.99 |
| 2025-12-12 | 58.04 |
| 2025-12-11 | 58.04 |
| 2025-12-10 | 58.04 |
| 2025-12-09 | 58.04 |
| 2025-12-08 | 58.10 |
| 2025-12-05 | 58.04 |
| 2025-12-04 | 57.99 |
| 2025-12-03 | 57.75 |
| 2025-12-02 | 57.75 |
| 2025-12-01 | 57.99 |
| 2025-11-28 | 57.99 |
| 2025-11-26 | 58.04 |
| 2025-11-25 | 58.04 |
| 2025-11-24 | 58.04 |
| 2025-11-21 | 58.01 |
| 2025-11-20 | 57.93 |
| 2025-11-19 | 58.01 |
| 2025-11-18 | 57.75 |
| 2025-11-17 | 57.75 |
| 2025-11-14 | 57.84 |
| 2025-11-13 | 44.81 |
| 2025-11-12 | 44.88 |
| 2025-11-11 | 44.63 |
| 2025-11-10 | 44.58 |
| 2025-11-07 | 45.16 |
| 2025-11-06 | 45.16 |
| 2025-11-05 | 45.07 |
| 2025-11-04 | 44.93 |
| 2025-11-03 | 45.16 |
| 2025-10-31 | 45.16 |
| 2025-10-30 | 45.16 |
| 2025-10-29 | 44.70 |
| 2025-10-28 | 44.72 |
| 2025-10-27 | 45.16 |
| 2025-10-24 | 45.04 |
| 2025-10-23 | 45.32 |
| 2025-10-22 | 45.16 |
| 2025-10-21 | 45.16 |
| 2025-10-20 | 45.04 |
| 2025-10-17 | 45.18 |
| 2025-10-16 | 45.39 |
| 2025-10-15 | 45.39 |
| 2025-10-14 | 44.70 |
| 2025-10-13 | 44.56 |
| 2025-10-10 | 44.67 |
| 2025-10-09 | 44.37 |
| 2025-10-08 | 44.28 |
| 2025-10-07 | 43.73 |
| 2025-10-06 | 43.78 |
| 2025-10-03 | 44.28 |
| 2025-10-02 | 44.58 |
| 2025-10-01 | 44.70 |
| 2025-09-30 | 45.14 |
| 2025-09-29 | 44.67 |
| 2025-09-26 | 44.63 |
| 2025-09-25 | 44.58 |
| 2025-09-24 | 44.12 |
| 2025-09-23 | 44.79 |
Showing the most recent 260 of 1,226 data points. The chart above shows the full history.