Mueller Water ProductsMWA -1.39%95 PB Ratio is 3.62 as of Jul. 09, 2026, which is 7% above its 10-year median of 3.37. GuruFocus rates MWA with a GF Score™ of 95/100 and a GF Value™ of $25.02 (Fairly Valued). Among 2,979 Industrial Products companies, Mueller Water Products ranks worse than 69.52% on this metric.
Mueller Water Products Inc stock PB Ratio (=3.67) is close to 2-year low of 3.65.
The historical rank and industry rank for Mueller Water Products's PB Ratio or its related term are showing as below:
MWA'
s PB Ratio Range Over the Past 10 Years
Min: 1.94 Med: 3.37 Max: 5.43
Current: 3.62
During the past 13 years, Mueller Water Products's highest PB Ratio was 5.43. The lowest was 1.94. And the median was 3.37.
MWA's PB Ratio is ranked worse than 69.52% of 2979
companies
in the Industrial Products industry
Industry Median: 2.23
vs MWA: 3.62
During the past 12 months, Mueller Water Products's average Book Value Per Share Growth Rate was 22.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 13.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mueller Water Products was 16.20% per year. The lowest was -40.40% per year. And the median was 5.60% per year.
Back to Basics: PB Ratio
Mueller Water Products (NYSE:MWA) 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.
* 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 Specialty Industrial Machinery subindustry, Mueller Water Products'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.
Mueller Water Products PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mueller Water Products's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mueller Water Products'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.
Mueller Water Products (MWA) has a PB Ratio of 3.62 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 Mueller Water Products and its competitors. This is near median its historical median of 3.37. Over the past decade, Mueller Water Products' PB Ratio has ranged from 1.94 to 5.43. According to the industry distribution chart, Mueller Water Products ranks #2071 out of 2979 companies in the Industrial Products industry, placing it in the top 69.5%.
Is Mueller Water Products' PB Ratio too high?
Mueller Water Products' current PB Ratio of 3.62 is near median its 10-year median of 3.37. Over the past 10 years, this metric has ranged from a low of 1.94 to a high of 5.43. The Industrial Products industry median PB Ratio is 2.23. Mueller Water Products' value of 3.62 is 62.3% above this industry median. Based on the distribution chart, Mueller Water Products ranks #2071 out of 2979 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Mueller Water Products has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mueller Water Products' PB Ratio compare to SXI and MIR?
According to the Industrial Products industry distribution chart, Mueller Water Products ranks #2071 out of 2979 companies for PB Ratio. This places Mueller Water Products in the lower half of its industry. The industry median PB Ratio is 2.23. Mueller Water Products' value of 3.62 is 62.3% above this benchmark. Historically, Mueller Water Products' own PB Ratio has ranged from 1.94 to 5.43 over the past decade. While the company's 10-year median is 3.37 vs. the industry median of 2.23, Mueller Water Products 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 Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.23, based on 2,979 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. Mueller Water Products's current PB Ratio of 3.62 is 62.3% 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 Mueller Water Products and its competitors. For the Industrial Products industry, the median PB Ratio is 2.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mueller Water Products's current PB Ratio is 3.62, which is near median its own 10-year median of 3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mueller Water Products stock overvalued right now?
Based on GuruFocus' analysis, Mueller Water Products (MWA) is currently considered Fairly Valued. The stock's GF Value™ is $25.02, compared to a current price of $24.75 — trading 1.1% below its estimated fair value. The current PB Ratio is 3.62, which is near median its 10-year median of 3.37 and 62.3% above the Industrial Products industry median of 2.23. Mueller Water Products' overall GF Score™ is 95/100. 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 Mueller Water Products (MWA), the current PB Ratio is 3.62 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 Mueller Water Products (MWA) Overvalued in 2026?
Based on GuruFocus' analysis, Mueller Water Products stock appears to be undervalued.
The current stock price of $24.75 is trading 1.1% below its estimated GF Value™ of $25.02.
GuruFocus considers Mueller Water Products to be Fairly Valued.
Key valuation signals for MWA:
PB Ratio: 3.62 (near median its 10-year median of 3.37)
GF Value™: $25.02 vs. price of $24.75 (1.1% below fair value)
Industry Position: 62.3% above the Industrial Products median (#2071 of 2979)
No single metric tells the full story. See the MWA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mueller Water Products Inc is a U.S.-based company that manufactures and sells products and services used in the transmission, distribution, and measurement of water. The company operates in two segments: Water Flow Solutions and Water Management Solutions. The Water Flow Solutions segment, which derives maximum revenue for the company, includes products like iron gate valves, specialty valves, and service brass products. Water Management Solutions' portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. Geographically, the company derives a majority of its revenue from the United States and the rest from Canada and other international locations.
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