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Essential UtilitiesHAM:A2A +1.07%71 PB Ratio is 1.65 as of Jul. 25, 2026, which is 30% below its 10-year median of 2.35. GuruFocus rates HAM:A2A with a GF Score™ of 71/100 and a GF Value™ of €36.92 (Fairly Valued). The stock has 7 warning signs investors should review. Among 501 Utilities - Regulated companies, Essential Utilities ranks worse than 57.29% on this metric.
Essential Utilities Inc stock PB Ratio (=1.63) is close to 10-year low of 1.48.
The historical rank and industry rank for Essential Utilities's PB Ratio or its related term are showing as below:
HAM:A2A'
s PB Ratio Range Over the Past 10 Years
Min: 1.48 Med: 2.35 Max: 3.76
Current: 1.63
During the past 13 years, Essential Utilities's highest PB Ratio was 3.76. The lowest was 1.48. And the median was 2.35.
HAM:A2A's PB Ratio is ranked worse than 57.29% of 501
companies
in the Utilities - Regulated industry
Industry Median: 1.43
vs HAM:A2A: 1.63
During the past 12 months, Essential Utilities's average Book Value Per Share Growth Rate was 4.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Essential Utilities was 26.10% per year. The lowest was -5.70% per year. And the median was 7.50% per year.
Back to Basics: PB Ratio
Essential Utilities (HAM:A2A) PB Ratio Explanation
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.
Essential Utilities PB Ratio Related Terms
Essential Utilities PB Ratio Historical Data
* Premium members only.
The historical data trend for Essential Utilities'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.
For the Utilities - Regulated Water subindustry, Essential Utilities'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.
Essential Utilities PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Essential Utilities's PB Ratio distribution charts can be found below:
* The bar in red indicates where Essential Utilities's PB Ratio falls into.
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.
* 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.
Essential Utilities (HAM:A2A) has a PB Ratio of 1.65 as of Jul. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Essential Utilities and its competitors. This is 30% below median its historical median of 2.35. Over the past decade, Essential Utilities' PB Ratio has ranged from 1.48 to 3.76. According to the industry distribution chart, Essential Utilities ranks #287 out of 501 companies in the Utilities - Regulated industry, placing it in the top 57.3%.
Is Essential Utilities' PB Ratio too high?
Essential Utilities' current PB Ratio of 1.65 is 30% below median its 10-year median of 2.35. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 3.76. The Utilities - Regulated industry median PB Ratio is 1.43. Essential Utilities' value of 1.65 is 15.4% above this industry median. Based on the distribution chart, Essential Utilities ranks #287 out of 501 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Essential Utilities has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Essential Utilities' PB Ratio compare to AWR and CWT?
According to the Utilities - Regulated industry distribution chart, Essential Utilities ranks #287 out of 501 companies for PB Ratio. This places Essential Utilities in the lower half of its industry. The industry median PB Ratio is 1.43. Essential Utilities' value of 1.65 is 15.4% above this benchmark. Historically, Essential Utilities' own PB Ratio has ranged from 1.48 to 3.76 over the past decade. While the company's 10-year median is 2.35 vs. the industry median of 1.43, Essential Utilities 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 PB Ratio for an Utilities - Regulated company?
The median PB Ratio among Utilities - Regulated companies is 1.43, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Essential Utilities's current PB Ratio of 1.65 is 15.4% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Essential Utilities and its competitors. For the Utilities - Regulated industry, the median PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Essential Utilities's current PB Ratio is 1.65, which is 30% below median its own 10-year median of 2.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Essential Utilities stock overvalued right now?
Based on GuruFocus' analysis, Essential Utilities (HAM:A2A) is currently considered Fairly Valued. The stock's GF Value™ is €36.92, compared to a current price of €34.80 — trading 5.7% below its estimated fair value. The current PB Ratio is 1.65, which is 30% below median its 10-year median of 2.35 and 15.4% above the Utilities - Regulated industry median of 1.43. Essential Utilities' overall GF Score™ is 71/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Essential Utilities (HAM:A2A), the current PB Ratio is 1.65 as of Jul. 25, 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 Essential Utilities (HAM:A2A) Overvalued in 2026?
Based on GuruFocus' analysis, Essential Utilities stock appears to be undervalued.
The current stock price of €34.80 is trading 5.7% below its estimated GF Value™ of €36.92.
GuruFocus considers Essential Utilities to be Fairly Valued.
Key valuation signals for HAM:A2A:
PB Ratio: 1.65 (30% below median its 10-year median of 2.35)
GF Value™: €36.92 vs. price of €34.80 (5.7% below fair value)
Industry Position: 15.4% above the Utilities - Regulated median (#287 of 501)
No single metric tells the full story. See the HAM:A2A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Essential Utilities is a Pennsylvania-based holding company for US water, wastewater, and natural gas distribution utilities. The company's water business serves 3 million people in eight states. Its largest service territory is in Pennsylvania, primarily suburban Philadelphia. Its Peoples subsidiary serves more than 740,000 gas distribution customers in Pennsylvania and Kentucky. It completed the sale of its West Virginia gas utility and the bulk of its nonregulated assets in 2024. Essential shareholders would own a 31% stake in American Water Works if the proposed all-stock merger closes in 2027.
71GF Score
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