Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Pure CyclePCYO +0.56%74 Debt-to-EBITDA is 0.82 as of May. 2026, which is 165% above its 10-year median of 0.31. GuruFocus rates PCYO with a GF Score™ of 74/100 and a GF Value™ of $14.44 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 449 Utilities - Regulated companies, Pure Cycle ranks better than 86.64% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Pure Cycle's Debt-to-EBITDA or its related term are showing as below:
PCYO'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 0.31 Max: 0.85
Current: 0.64
During the past 13 years, the highest Debt-to-EBITDA Ratio of Pure Cycle was 0.85. The lowest was 0.00. And the median was 0.31.
PCYO's Debt-to-EBITDA is ranked better than 86.64% of 449
companies
in the Utilities - Regulated industry
Industry Median: 4.01
vs PCYO: 0.64
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Pure Cycle Debt-to-EBITDA Related Terms
Pure Cycle Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Pure Cycle's Debt-to-EBITDA 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.
PCYO vs CDZI, GWRS, ARTNA: Debt-to-EBITDA Comparison
For the Utilities - Regulated Water subindustry, Pure Cycle's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
Pure Cycle Debt-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Pure Cycle's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Pure Cycle's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (May. 2026) EBITDA data.
Pure Cycle (PCYO) has a Debt-to-EBITDA of 0.82 as of May. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Pure Cycle. This is 165% above median its historical median of 0.31. According to the industry distribution chart, Pure Cycle ranks #60 out of 449 companies in the Utilities - Regulated industry, placing it in the top 13.4%.
Is Pure Cycle's Debt-to-EBITDA too high?
Pure Cycle's current Debt-to-EBITDA of 0.82 is 165% above median its 10-year median of 0.31. The Utilities - Regulated industry median Debt-to-EBITDA is 4.01. Pure Cycle's value of 0.82 is 79.6% below this industry median. Based on the distribution chart, Pure Cycle ranks #60 out of 449 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Pure Cycle has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pure Cycle's Debt-to-EBITDA compare to CDZI and GWRS?
According to the Utilities - Regulated industry distribution chart, Pure Cycle ranks #60 out of 449 companies for Debt-to-EBITDA. This places Pure Cycle in the top 13% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 4.01. Pure Cycle's value of 0.82 is 79.6% below this benchmark. While the company's 10-year median is 0.31 vs. the industry median of 4.01, Pure Cycle has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Utilities - Regulated company?
The median Debt-to-EBITDA among Utilities - Regulated companies is 4.01, based on 449 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pure Cycle's current Debt-to-EBITDA of 0.82 is 79.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Pure Cycle. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 4.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pure Cycle's current Debt-to-EBITDA is 0.82, which is 165% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pure Cycle stock overvalued right now?
Based on GuruFocus' analysis, Pure Cycle (PCYO) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.44, compared to a current price of $10.65 — trading 26.2% below its estimated fair value. The current Debt-to-EBITDA is 0.82, which is 165% above median its 10-year median of 0.31 and 79.6% below the Utilities - Regulated industry median of 4.01. Pure Cycle's overall GF Score™ is 74/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Pure Cycle (PCYO), the current Debt-to-EBITDA is 0.82 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Pure Cycle (PCYO) Overvalued in 2026?
Based on GuruFocus' analysis, Pure Cycle stock appears to be undervalued.
The current stock price of $10.65 is trading 26.2% below its estimated GF Value™ of $14.44.
GuruFocus considers Pure Cycle to be Modestly Undervalued.
Key valuation signals for PCYO:
Debt-to-EBITDA: 0.82 (165% above median its 10-year median of 0.31)
GF Value™: $14.44 vs. price of $10.65 (26.2% below fair value)
Industry Position: 79.6% below the Utilities - Regulated median (#60 of 449)
No single metric tells the full story. See the PCYO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pure Cycle Corp is a diversified land and water resource development company. The company designs, constructs, manages, operates, and maintains water and wastewater systems. The firm operates in three business segments namely Water and wastewater resource development, Land development, and the Single-Family Rental Segment. It generates maximum revenue from the Land development segment. The land resource development segment includes all the activities necessary to develop and sell finished lots.
74GF Score
Get the complete analysis for PCYO
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PCYO has been successfully added to your 
