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 1.80 is in line with its estimated 5-year average of 1.76, near the low end of its estimated 5-year range (1.19–180.00).
As of 2026-10-06T18:05:15.437Z. 7.65% above its estimated 12-month average of 1.67.
Calculation as of: 2026-10-06T18:05:15.437Z.
Quote observation: 2026-10-06T18:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 0d36d1c566b0729d2b6e3ed4df0f62e6583b4de8c15f2fe55f6e28b7bf24a7d1
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
1.80
PB RATIO AVG TTM
1.67
PB RATIO AVG 3Y
1.78
PB RATIO AVG 5Y
1.76
PB RATIO AVG 10Y
N/A
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+7.65%
CURRENT VS 3Y AVG
+1.05%
CURRENT VS 5Y AVG
+2.18%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · UTILITIES
1.87
median of 65 covered companies
CURRENT VS SECTOR MEDIAN
-3.74%
vs the sector median at left
Market Cap
$1.99B
PB Ratio
1.28
TTM Avg
1.35
3Y Avg
1.20
5Y Avg
1.32
Market Cap
$3.30B
PB Ratio
6.65
TTM Avg
14.42
3Y Avg
14.42
5Y Avg
14.42
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ReNew Energy Global Plc (RNW) | $2.50B | 1.80 | 1.67 | 1.78 | 1.76 |
| H2O America (HTO)vs › | $2.45B | 1.33 | 1.26 | 1.35 | 1.60 |
| MGE Energy, Inc. (MGEE)vs › | $2.66B | 1.85 | 2.19 | 2.43 | 2.49 |
| newcleo plc Ordinary Shares (NWCL)vs › | $2.30B | N/A | N/A | N/A | N/A |
| Avista Corporation (AVA)vs › | $2.94B | 1.04 | 1.20 | 1.16 | 1.23 |
| Northwest Natural Holding Company (NWN)vs › | $1.99B | 1.28 | 1.35 | 1.20 | 1.32 |
| SOLV Energy, Inc. Class A Common Stock (MWH)vs › | $3.30B | 6.65 | 14.42 | 14.42 | 14.42 |
| Fluence Energy, Inc. (FLNC)vs › | $1.49B | 4.00 | 6.93 | 5.71 | 5.34 |
| Middlesex Water Company (MSEX)vs › | $1.00B | 1.92 | 2.01 | 2.27 | 3.00 |
| XPLR Infrastructure, LP (XIFR)vs › | $974.78M | 0.30 | 0.31 | 0.30 | 0.30 |
At 1.80, P/B is near its estimated 6-year median — higher than 39% of readings in its estimated 6-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 6-year low
1.19
median
1.89
estimated 6-year high
180.00
P/B Ratio
1.80
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 | 1.83 |
| 2026-10-02 | 1.82 |
| 2026-10-01 | 1.82 |
| 2026-09-30 | 1.82 |
| 2026-09-29 | 1.82 |
| 2026-09-28 | 1.82 |
| 2026-09-25 | 1.82 |
| 2026-09-24 | 1.82 |
| 2026-09-23 | 1.82 |
| 2026-09-22 | 1.82 |
| 2026-09-21 | 1.82 |
| 2026-09-18 | 1.82 |
| 2026-09-17 | 1.82 |
| 2026-09-16 | 1.82 |
| 2026-09-15 | 1.82 |
| 2026-09-14 | 1.82 |
| 2026-09-11 | 1.82 |
| 2026-09-10 | 1.82 |
| 2026-09-09 | 1.82 |
| 2026-09-08 | 1.82 |
| 2026-09-04 | 1.83 |
| 2026-09-03 | 1.82 |
| 2026-09-02 | 1.81 |
| 2026-09-01 | 1.81 |
| 2026-08-31 | 1.81 |
| 2026-08-28 | 1.81 |
| 2026-08-27 | 1.81 |
| 2026-08-26 | 1.81 |
| 2026-08-25 | 1.81 |
| 2026-08-24 | 1.81 |
| 2026-08-21 | 1.81 |
| 2026-08-20 | 1.81 |
| 2026-08-19 | 1.81 |
| 2026-08-18 | 1.92 |
| 2026-08-17 | 1.92 |
| 2026-08-14 | 1.91 |
| 2026-08-13 | 1.91 |
| 2026-08-12 | 1.91 |
| 2026-08-11 | 1.92 |
| 2026-08-10 | 1.72 |
| 2026-08-07 | 1.73 |
| 2026-08-06 | 1.75 |
| 2026-08-05 | 1.72 |
| 2026-08-04 | 1.77 |
| 2026-08-03 | 1.77 |
| 2026-07-31 | 1.75 |
| 2026-07-30 | 1.73 |
| 2026-07-29 | 1.68 |
| 2026-07-28 | 1.71 |
| 2026-07-27 | 1.69 |
| 2026-07-24 | 1.73 |
| 2026-07-23 | 1.76 |
| 2026-07-22 | 1.75 |
| 2026-07-21 | 1.75 |
| 2026-07-20 | 1.74 |
| 2026-07-17 | 1.77 |
| 2026-07-16 | 1.74 |
| 2026-07-15 | 1.76 |
| 2026-07-14 | 1.74 |
| 2026-07-13 | 1.73 |
| 2026-07-10 | 1.76 |
| 2026-07-09 | 1.73 |
| 2026-07-08 | 1.74 |
| 2026-07-07 | 1.69 |
| 2026-07-06 | 1.68 |
| 2026-07-02 | 1.71 |
| 2026-07-01 | 1.74 |
| 2026-06-30 | 1.76 |
| 2026-06-29 | 1.76 |
| 2026-06-26 | 1.74 |
| 2026-06-25 | 1.79 |
| 2026-06-24 | 1.75 |
| 2026-06-23 | 1.74 |
| 2026-06-22 | 1.81 |
| 2026-06-18 | 1.78 |
| 2026-06-17 | 1.74 |
| 2026-06-16 | 1.77 |
| 2026-06-15 | 1.78 |
| 2026-06-12 | 1.81 |
| 2026-06-11 | 1.78 |
| 2026-06-10 | 1.70 |
| 2026-06-09 | 1.73 |
| 2026-06-08 | 1.67 |
| 2026-06-05 | 1.70 |
| 2026-06-04 | 1.77 |
| 2026-06-03 | 1.76 |
| 2026-06-02 | 1.79 |
| 2026-06-01 | 1.83 |
| 2026-05-29 | 1.80 |
| 2026-05-28 | 1.75 |
| 2026-05-27 | 1.73 |
| 2026-05-26 | 1.69 |
| 2026-05-22 | 1.66 |
| 2026-05-21 | 1.64 |
| 2026-05-20 | 1.56 |
| 2026-05-19 | 1.50 |
| 2026-05-18 | 1.45 |
| 2026-05-15 | 1.42 |
| 2026-05-14 | 1.47 |
| 2026-05-13 | 1.44 |
| 2026-05-12 | 1.44 |
| 2026-05-11 | 1.50 |
| 2026-05-08 | 1.49 |
| 2026-05-07 | 1.43 |
| 2026-05-06 | 1.44 |
| 2026-05-05 | 1.42 |
| 2026-05-04 | 1.39 |
| 2026-05-01 | 1.43 |
| 2026-04-30 | 1.43 |
| 2026-04-29 | 1.34 |
| 2026-04-28 | 1.33 |
| 2026-04-27 | 1.38 |
| 2026-04-24 | 1.38 |
| 2026-04-23 | 1.37 |
| 2026-04-22 | 1.40 |
| 2026-04-21 | 1.38 |
| 2026-04-20 | 1.34 |
| 2026-04-17 | 1.32 |
| 2026-04-16 | 1.32 |
| 2026-04-15 | 1.32 |
| 2026-04-14 | 1.28 |
| 2026-04-13 | 1.28 |
| 2026-04-10 | 1.30 |
| 2026-04-09 | 1.26 |
| 2026-04-08 | 1.26 |
| 2026-04-07 | 1.26 |
| 2026-04-06 | 1.26 |
| 2026-04-02 | 1.26 |
| 2026-04-01 | 1.27 |
| 2026-03-31 | 1.21 |
| 2026-03-30 | 1.19 |
| 2026-03-27 | 1.20 |
| 2026-03-26 | 1.24 |
| 2026-03-25 | 1.26 |
| 2026-03-24 | 1.26 |
| 2026-03-23 | 1.31 |
| 2026-03-20 | 1.34 |
| 2026-03-19 | 1.39 |
| 2026-03-18 | 1.38 |
| 2026-03-17 | 1.39 |
| 2026-03-16 | 1.41 |
| 2026-03-13 | 1.38 |
| 2026-03-12 | 1.37 |
| 2026-03-11 | 1.42 |
| 2026-03-10 | 1.42 |
| 2026-03-09 | 1.40 |
| 2026-03-06 | 1.41 |
| 2026-03-05 | 1.43 |
| 2026-03-04 | 1.44 |
| 2026-03-03 | 1.43 |
| 2026-03-02 | 1.47 |
| 2026-02-27 | 1.46 |
| 2026-02-26 | 1.47 |
| 2026-02-25 | 1.47 |
| 2026-02-24 | 1.46 |
| 2026-02-23 | 1.45 |
| 2026-02-20 | 1.43 |
| 2026-02-19 | 1.42 |
| 2026-02-18 | 1.44 |
| 2026-02-17 | 1.46 |
| 2026-02-13 | 1.44 |
| 2026-02-12 | 1.44 |
| 2026-02-11 | 1.43 |
| 2026-02-10 | 1.44 |
| 2026-02-09 | 1.42 |
| 2026-02-06 | 1.40 |
| 2026-02-05 | 1.39 |
| 2026-02-04 | 1.44 |
| 2026-02-03 | 1.44 |
| 2026-02-02 | 1.46 |
| 2026-01-30 | 1.46 |
| 2026-01-29 | 1.46 |
| 2026-01-28 | 1.50 |
| 2026-01-27 | 1.51 |
| 2026-01-26 | 1.49 |
| 2026-01-23 | 1.48 |
| 2026-01-22 | 1.48 |
| 2026-01-21 | 1.44 |
| 2026-01-20 | 1.44 |
| 2026-01-16 | 1.45 |
| 2026-01-15 | 1.45 |
| 2026-01-14 | 1.46 |
| 2026-01-13 | 1.45 |
| 2026-01-12 | 1.46 |
| 2026-01-09 | 1.46 |
| 2026-01-08 | 1.47 |
| 2026-01-07 | 1.45 |
| 2026-01-06 | 1.54 |
| 2026-01-05 | 1.55 |
| 2026-01-02 | 1.58 |
| 2025-12-31 | 1.52 |
| 2025-12-30 | 1.52 |
| 2025-12-29 | 1.49 |
| 2025-12-26 | 1.48 |
| 2025-12-24 | 1.48 |
| 2025-12-23 | 1.46 |
| 2025-12-22 | 1.47 |
| 2025-12-19 | 1.44 |
| 2025-12-18 | 1.50 |
| 2025-12-17 | 1.47 |
| 2025-12-16 | 1.40 |
| 2025-12-15 | 1.48 |
| 2025-12-12 | 2.03 |
| 2025-12-11 | 2.04 |
| 2025-12-10 | 2.04 |
| 2025-12-09 | 2.04 |
| 2025-12-08 | 2.04 |
| 2025-12-05 | 2.03 |
| 2025-12-04 | 2.02 |
| 2025-12-03 | 2.03 |
| 2025-12-02 | 2.04 |
| 2025-12-01 | 2.05 |
| 2025-11-28 | 2.05 |
| 2025-11-26 | 2.04 |
| 2025-11-25 | 2.04 |
| 2025-11-24 | 2.02 |
| 2025-11-21 | 2.03 |
| 2025-11-20 | 2.02 |
| 2025-11-19 | 2.03 |
| 2025-11-18 | 2.02 |
| 2025-11-17 | 2.01 |
| 2025-11-14 | 2.01 |
| 2025-11-13 | 1.98 |
| 2025-11-12 | 1.97 |
| 2025-11-11 | 1.98 |
| 2025-11-10 | 1.98 |
| 2025-11-07 | 2.02 |
| 2025-11-06 | 1.99 |
| 2025-11-05 | 2.01 |
| 2025-11-04 | 2.01 |
| 2025-11-03 | 2.02 |
| 2025-10-31 | 2.02 |
| 2025-10-30 | 2.03 |
| 2025-10-29 | 2.04 |
| 2025-10-28 | 2.07 |
| 2025-10-27 | 2.02 |
| 2025-10-24 | 2.03 |
| 2025-10-23 | 2.02 |
| 2025-10-22 | 2.03 |
| 2025-10-21 | 2.04 |
| 2025-10-20 | 2.04 |
| 2025-10-17 | 2.05 |
| 2025-10-16 | 2.06 |
| 2025-10-15 | 2.07 |
| 2025-10-14 | 2.02 |
| 2025-10-13 | 2.05 |
| 2025-10-10 | 2.13 |
| 2025-10-09 | 2.16 |
| 2025-10-08 | 2.17 |
| 2025-10-07 | 2.16 |
| 2025-10-06 | 2.15 |
| 2025-10-03 | 2.14 |
| 2025-10-02 | 2.16 |
| 2025-10-01 | 2.19 |
| 2025-09-30 | 2.06 |
| 2025-09-29 | 2.07 |
| 2025-09-26 | 2.06 |
| 2025-09-25 | 2.05 |
| 2025-09-24 | 2.06 |
| 2025-09-23 | 2.10 |
Showing the most recent 260 of 1,426 data points. The chart above shows the full history.