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Pure CyclePCYO -3.17%73 Equity-to-Asset is 0.86 as of May. 2026, which is 5% below its 10-year median of 0.91. GuruFocus rates PCYO with a GF Score™ of 73/100 and a GF Value™ of $14.49 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 508 Utilities - Regulated companies, Pure Cycle ranks better than 95.47% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Pure Cycle's Total Stockholders Equity for the quarter that ended in May. 2026 was $151.58 Mil. Pure Cycle's Total Assets for the quarter that ended in May. 2026 was $175.98 Mil.
Therefore, Pure Cycle's Equity to Asset Ratio for the quarter that ended in May. 2026 was 0.86.
The historical rank and industry rank for Pure Cycle's Equity-to-Asset or its related term are showing as below:
PCYO'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.86 Med: 0.91 Max: 0.99
Current: 0.86
During the past 13 years, the highest Equity to Asset Ratio of Pure Cycle was 0.99. The lowest was 0.86. And the median was 0.91.
PCYO's Equity-to-Asset is ranked better than 95.47% of 508
companies
in the Utilities - Regulated industry
Industry Median: 0.36
vs PCYO: 0.86
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Pure Cycle Equity-to-Asset Related Terms
Pure Cycle Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Pure Cycle's Equity-to-Asset 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: Equity-to-Asset Comparison
For the Utilities - Regulated Water subindustry, Pure Cycle's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Pure Cycle's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Pure Cycle's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Pure Cycle's Equity to Asset Ratio for the fiscal year that ended in Aug. 2025 is calculated as
* 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 Equity-to-Asset of 0.86 as of May. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Pure Cycle and its competitors. This is near median its historical median of 0.91. Over the past decade, Pure Cycle's Equity-to-Asset has ranged from 0.86 to 0.99. According to the industry distribution chart, Pure Cycle ranks #23 out of 508 companies in the Utilities - Regulated industry, placing it in the top 4.5%.
Is Pure Cycle's Equity-to-Asset too high?
Pure Cycle's current Equity-to-Asset of 0.86 is near median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 0.99. The Utilities - Regulated industry median Equity-to-Asset is 0.36. Pure Cycle's value of 0.86 is 138.9% above this industry median. Based on the distribution chart, Pure Cycle ranks #23 out of 508 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 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pure Cycle's Equity-to-Asset compare to CDZI and GWRS?
According to the Utilities - Regulated industry distribution chart, Pure Cycle ranks #23 out of 508 companies for Equity-to-Asset. This places Pure Cycle in the top 5% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.36. Pure Cycle's value of 0.86 is 138.9% above this benchmark. Historically, Pure Cycle's own Equity-to-Asset has ranged from 0.86 to 0.99 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 0.36, Pure Cycle has consistently been above 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 Equity-to-Asset for an Utilities - Regulated company?
The median Equity-to-Asset among Utilities - Regulated companies is 0.36, based on 508 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pure Cycle's current Equity-to-Asset of 0.86 is 138.9% above 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Pure Cycle and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pure Cycle's current Equity-to-Asset is 0.86, which is near median its own 10-year median of 0.91. 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 $14.49, compared to a current price of $11.30 — trading 22% below its estimated fair value. The current Equity-to-Asset is 0.86, which is near median its 10-year median of 0.91 and 138.9% above the Utilities - Regulated industry median of 0.36. Pure Cycle's overall GF Score™ is 73/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Pure Cycle (PCYO), the current Equity-to-Asset is 0.86 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 $11.30 is trading 22% below its estimated GF Value™ of $14.49.
GuruFocus considers Pure Cycle to be Modestly Undervalued.
Key valuation signals for PCYO:
Equity-to-Asset: 0.86 (near median its 10-year median of 0.91)
GF Value™: $14.49 vs. price of $11.30 (22% below fair value)
Industry Position: 138.9% above the Utilities - Regulated median (#23 of 508)
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.
73GF Score
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