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.
The P/B ratio is 1.46 as of 2026-10-06T16:37:09.769Z.
Calculation as of: 2026-10-06T16:37:09.769Z.
Quote observation: 2026-10-06T16:35:14.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 69ce1af667dbd98b3df541b457a8a57154d6b415aa83fa9bcd082d8f8d6e8065
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
1.46
SECTOR MEDIAN · UTILITIES
1.89
median of 62 covered companies
CURRENT VS SECTOR MEDIAN
-22.75%
vs the sector median at left
Market Cap
$3.26B
PB Ratio
6.56
TTM Avg
14.42
3Y Avg
14.42
5Y Avg
14.42
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fervo Energy Company (FRVO) | $4.08B | 1.46 | N/A | N/A | N/A |
| Northwestern Energy Group Inc (NWE)vs › | $4.26B | 1.47 | 1.45 | 1.25 | 1.26 |
| SOLV Energy, Inc. Class A Common Stock (MWH)vs › | $3.26B | 6.56 | 14.42 | 14.42 | 14.42 |
| Avista Corporation (AVA)vs › | $2.94B | 1.04 | 1.20 | 1.16 | 1.23 |
| Black Hills Corporation (BKH)vs › | $5.41B | 1.37 | 1.39 | 1.24 | 1.35 |
| MGE Energy, Inc. (MGEE)vs › | $2.65B | 1.84 | 2.19 | 2.43 | 2.49 |
| ReNew Energy Global Plc (RNW)vs › | $2.50B | 1.80 | 1.67 | 13.31 | 34.76 |
| H2O America (HTO)vs › | $2.45B | 1.33 | 1.26 | 1.35 | 1.60 |
| newcleo plc Ordinary Shares (NWCL)vs › | $2.36B | N/A | N/A | N/A | N/A |
| Northwest Natural Holding Company (NWN)vs › | $1.99B | 1.28 | 1.35 | 1.20 | 1.32 |
P/B Ratio
1.46
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
