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Connecticut Water Service (Connecticut Water Service) PB Ratio : 2.86 (As of Apr. 26, 2024)


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What is Connecticut Water Service PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-26), Connecticut Water Service's share price is $69.98. Connecticut Water Service's Book Value per Share for the quarter that ended in Jun. 2019 was $24.49. Hence, Connecticut Water Service's PB Ratio of today is 2.86.

The historical rank and industry rank for Connecticut Water Service's PB Ratio or its related term are showing as below:

CTWS's PB Ratio is not ranked *
in the Utilities - Regulated industry.
Industry Median: 1.4
* Ranked among companies with meaningful PB Ratio only.

Back to Basics: PB Ratio


Connecticut Water Service PB Ratio Historical Data

The historical data trend for Connecticut Water Service's PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Connecticut Water Service PB Ratio Chart

Connecticut Water Service Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.93 1.90 2.66 2.36 2.74

Connecticut Water Service Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.74 2.80 2.74 2.82 2.85

Competitive Comparison of Connecticut Water Service's PB Ratio

For the Utilities - Regulated Water subindustry, Connecticut Water Service's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Connecticut Water Service's PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Connecticut Water Service's PB Ratio distribution charts can be found below:

* The bar in red indicates where Connecticut Water Service's PB Ratio falls into.



Connecticut Water Service PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Connecticut Water Service's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jun. 2019)
=69.98/24.491
=2.86

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.


Connecticut Water Service  (NAS:CTWS) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Connecticut Water Service PB Ratio Related Terms

Thank you for viewing the detailed overview of Connecticut Water Service's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Connecticut Water Service (Connecticut Water Service) Business Description

Traded in Other Exchanges
N/A
Address
93 West Main Street, Clinton, CT, USA, 06413
Connecticut Water Service Inc is a water utility that operates in the northeastern region of the United States, specifically Connecticut and Maine. The company has various subsidiaries and divisions, including water operations, which supplies public drinking water; real estate transactions, which sells real estate holdings; and service rentals, which sells contracted water and wastewater services. The major customers of the firm are residential, commercial, fire protection, public authority, and industrial entities. The majority of the company's revenue is derived from its water operations segment and residential customers.
Executives
Ellen C Wolf director C/O AMERICAN WATER WORKS CO INC, 1025 LAUREL OAK RD P O BOX 1770, VOORHEES NJ 08043
Maureen P Westbrook officer: VP, Customer & Reg Affairs 93 WEST MAIN ST, CLINTON CT 06413
A Kristen Johnson officer: V.P. Human Resources C/O CONNECTICUT WATER SERVICE, INC., 93 WEST MAIN STREET, CLINTON CT 06413
Mary Ann Hanley director 93 WEST MAIN STREET, CLINTON CT 06413
Carol P Wallace director 93 WEST MAIN STREET, CLINTON CT 06413
Hunt Heather director 93 WEST MAIN STREET, CLINTON CT 06413
David C Benoit officer: President & CEO 93 WEST MAIN ST, CLINTON CT 06413
Eric W Thornburg director, officer: President/CEO/Chairman 13165 TEN OAK COURT, SARATOGA CA 95070
Judith Kelly officer: Div. Pres. Maine Water C/O NORTHEAST BANK, 500 CANAL STREET, LEWISTON ME 04240