MDU Resources GroupMDU -0.24%73 PB Ratio is 1.50 as of Jul. 09, 2026, which is 88% above its 10-year median of 0.80. GuruFocus rates MDU with a GF Score™ of 73/100 and a GF Value™ of $17.52 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 500 Utilities - Regulated companies, MDU Resources Group ranks worse than 53.6% on this metric.
MDU Resources Group Inc stock PB Ratio (=1.5) is close to 10-year high of 1.63.
The historical rank and industry rank for MDU Resources Group's PB Ratio or its related term are showing as below:
MDU'
s PB Ratio Range Over the Past 10 Years
Min: 0.49 Med: 0.8 Max: 1.63
Current: 1.5
During the past 13 years, MDU Resources Group's highest PB Ratio was 1.63. The lowest was 0.49. And the median was 0.80.
MDU's PB Ratio is ranked worse than 53.6% of 500
companies
in the Utilities - Regulated industry
Industry Median: 1.41
vs MDU: 1.50
During the past 12 months, MDU Resources Group's average Book Value Per Share Growth Rate was 3.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -8.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of MDU Resources Group was 15.30% per year. The lowest was -8.30% per year. And the median was 6.40% per year.
Back to Basics: PB Ratio
MDU Resources Group (NYSE:MDU) 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.
MDU Resources Group PB Ratio Related Terms
MDU Resources Group PB Ratio Historical Data
* Premium members only.
The historical data trend for MDU Resources Group'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 Gas subindustry, MDU Resources Group'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.
MDU Resources Group PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, MDU Resources Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where MDU Resources Group'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.
MDU Resources Group (MDU) has a PB Ratio of 1.50 as of Jul. 09, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on MDU Resources Group and its competitors. This is 88% above median its historical median of 0.80. Over the past decade, MDU Resources Group's PB Ratio has ranged from 0.49 to 1.63. According to the industry distribution chart, MDU Resources Group ranks #268 out of 500 companies in the Utilities - Regulated industry, placing it in the top 53.6%.
Is MDU Resources Group's PB Ratio too high?
MDU Resources Group's current PB Ratio of 1.50 is 88% above median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 1.63. The Utilities - Regulated industry median PB Ratio is 1.41. MDU Resources Group's value of 1.50 is 6.4% above this industry median. Based on the distribution chart, MDU Resources Group ranks #268 out of 500 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, MDU Resources Group has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MDU Resources Group's PB Ratio compare to SR and OGS?
According to the Utilities - Regulated industry distribution chart, MDU Resources Group ranks #268 out of 500 companies for PB Ratio. This places MDU Resources Group in the lower half of its industry. The industry median PB Ratio is 1.41. MDU Resources Group's value of 1.50 is 6.4% above this benchmark. Historically, MDU Resources Group's own PB Ratio has ranged from 0.49 to 1.63 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.41, MDU Resources Group 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 1.41, based on 500 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. MDU Resources Group's current PB Ratio of 1.50 is 6.4% 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 MDU Resources Group and its competitors. For the Utilities - Regulated industry, the median PB Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MDU Resources Group's current PB Ratio is 1.50, which is 88% above median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MDU Resources Group stock overvalued right now?
Based on GuruFocus' analysis, MDU Resources Group (MDU) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.52, compared to a current price of $20.78 — trading 18.6% above its estimated fair value. The current PB Ratio is 1.50, which is 88% above median its 10-year median of 0.80 and 6.4% above the Utilities - Regulated industry median of 1.41. MDU Resources Group's overall GF Score™ is 73/100 with 8 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 MDU Resources Group (MDU), the current PB Ratio is 1.50 as of Jul. 09, 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 MDU Resources Group (MDU) Overvalued in 2026?
Based on GuruFocus' analysis, MDU Resources Group stock appears to be overvalued.
The current stock price of $20.78 is trading 18.6% above its estimated GF Value™ of $17.52.
GuruFocus considers MDU Resources Group to be Modestly Overvalued.
Key valuation signals for MDU:
PB Ratio: 1.50 (88% above median its 10-year median of 0.80)
GF Value™: $17.52 vs. price of $20.78 (18.6% above fair value)
Industry Position: 6.4% above the Utilities - Regulated median (#268 of 500)
No single metric tells the full story. See the MDU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MDU Resources Group Inc is a pure-play regulated energy delivery business. It is organized into three reportable business segments: Electric, Natural Gas Distribution, and Pipeline. Maximum revenue is generated from the Pipeline segment, which provides natural gas transportation and underground storage services through a FERC-regulated pipeline system mainly in the Rocky Mountain and northern Great Plains regions of the United States. This segment also provides non-regulated energy-related services, including cathodic protection. The electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming, and the natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon, and Washington.
73GF Score
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