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Pure CyclePCYO -1.87%74 Debt-to-Equity is 0.09 as of May. 2026, which is 125% above its 10-year median of 0.04. GuruFocus rates PCYO with a GF Score™ of 74/100 and a GF Value™ of $14.45 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 472 Utilities - Regulated companies, Pure Cycle ranks better than 88.56% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Pure Cycle's Debt-to-Equity or its related term are showing as below:
PCYO'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.09
Current: 0.09
During the past 13 years, the highest Debt-to-Equity Ratio of Pure Cycle was 0.09. The lowest was 0.00. And the median was 0.04.
PCYO's Debt-to-Equity is ranked better than 88.56% of 472
companies
in the Utilities - Regulated industry
Industry Median: 0.975
vs PCYO: 0.09
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Pure Cycle Debt-to-Equity Related Terms
Pure Cycle Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Pure Cycle's Debt-to-Equity 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-Equity Comparison
For the Utilities - Regulated Water subindustry, Pure Cycle's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Pure Cycle's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Pure Cycle's Debt-to-Equity 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.
Pure Cycle (PCYO) has a Debt-to-Equity of 0.09 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pure Cycle and its competitors. This is 125% above median its historical median of 0.04. According to the industry distribution chart, Pure Cycle ranks #54 out of 472 companies in the Utilities - Regulated industry, placing it in the top 11.4%.
Is Pure Cycle's Debt-to-Equity too high?
Pure Cycle's current Debt-to-Equity of 0.09 is 125% above median its 10-year median of 0.04. The Utilities - Regulated industry median Debt-to-Equity is 0.98. Pure Cycle's value of 0.09 is 90.8% below this industry median. Based on the distribution chart, Pure Cycle ranks #54 out of 472 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-Equity compare to CDZI and GWRS?
According to the Utilities - Regulated industry distribution chart, Pure Cycle ranks #54 out of 472 companies for Debt-to-Equity. This places Pure Cycle in the top 11% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.98. Pure Cycle's value of 0.09 is 90.8% below this benchmark. While the company's 10-year median is 0.04 vs. the industry median of 0.98, 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-Equity for an Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 0.98, based on 472 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pure Cycle's current Debt-to-Equity of 0.09 is 90.8% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pure Cycle and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pure Cycle's current Debt-to-Equity is 0.09, which is 125% above median its own 10-year median of 0.04. 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 $14.45, compared to a current price of $10.51 — trading 27.3% below its estimated fair value. The current Debt-to-Equity is 0.09, which is 125% above median its 10-year median of 0.04 and 90.8% below the Utilities - Regulated industry median of 0.98. 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Pure Cycle (PCYO), the current Debt-to-Equity is 0.09 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 $10.51 is trading 27.3% below its estimated GF Value™ of $14.45.
GuruFocus considers Pure Cycle to be Modestly Undervalued.
Key valuation signals for PCYO:
Debt-to-Equity: 0.09 (125% above median its 10-year median of 0.04)
GF Value™: $14.45 vs. price of $10.51 (27.3% below fair value)
Industry Position: 90.8% below the Utilities - Regulated median (#54 of 472)
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
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