Reaves Utilityome FundUTG -0.20%24 PB Ratio is 1.03 as of Jul. 03, 2026, which is at its 10-year median of 1.03. GuruFocus rates UTG with a GF Score™ of 24/100. The stock has 8 warning signs investors should review. Among 1,600 Asset Management companies, Reaves Utilityome Fund ranks worse than 62.25% on this metric.
Reaves Utility Income Fund stock PB Ratio (=1.03) is close to 1-year low of 0.93.
The historical rank and industry rank for Reaves Utilityome Fund's PB Ratio or its related term are showing as below:
UTG'
s PB Ratio Range Over the Past 10 Years
Min: 0.61 Med: 1.03 Max: 1.35
Current: 1.03
During the past 13 years, Reaves Utilityome Fund's highest PB Ratio was 1.35. The lowest was 0.61. And the median was 1.03.
UTG's PB Ratio is ranked worse than 62.25% of 1600
companies
in the Asset Management industry
Industry Median: 0.96
vs UTG: 1.03
During the past 12 months, Reaves Utilityome Fund's average Book Value Per Share Growth Rate was 19.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Reaves Utilityome Fund was 11.90% per year. The lowest was -8.80% per year. And the median was 4.50% per year.
Back to Basics: PB Ratio
Reaves Utilityome Fund (AMEX:UTG) 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 Asset Management subindustry, Reaves Utilityome Fund'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.
Reaves Utilityome Fund PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Reaves Utilityome Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Reaves Utilityome Fund'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.
Reaves Utilityome Fund (UTG) has a PB Ratio of 1.03 as of Jul. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Reaves Utilityome Fund and its competitors. This is near median its historical median of 1.03. Over the past decade, Reaves Utilityome Fund's PB Ratio has ranged from 0.61 to 1.35. According to the industry distribution chart, Reaves Utilityome Fund ranks #996 out of 1600 companies in the Asset Management industry, placing it in the top 62.2%.
Is Reaves Utilityome Fund's PB Ratio too high?
Reaves Utilityome Fund's current PB Ratio of 1.03 is near median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.35. The Asset Management industry median PB Ratio is 0.96. Reaves Utilityome Fund's value of 1.03 is 7.3% above this industry median. Based on the distribution chart, Reaves Utilityome Fund ranks #996 out of 1600 companies in the Asset Management industry, which is below the industry midpoint. Overall, Reaves Utilityome Fund has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Reaves Utilityome Fund's PB Ratio compare to NEA and CNS?
According to the Asset Management industry distribution chart, Reaves Utilityome Fund ranks #996 out of 1600 companies for PB Ratio. This places Reaves Utilityome Fund in the lower half of its industry. The industry median PB Ratio is 0.96. Reaves Utilityome Fund's value of 1.03 is 7.3% above this benchmark. Historically, Reaves Utilityome Fund's own PB Ratio has ranged from 0.61 to 1.35 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 0.96, Reaves Utilityome Fund 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 Asset Management company?
The median PB Ratio among Asset Management companies is 0.96, based on 1,600 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. Reaves Utilityome Fund's current PB Ratio of 1.03 is 7.3% 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 Reaves Utilityome Fund and its competitors. For the Asset Management industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reaves Utilityome Fund's current PB Ratio is 1.03, which is near median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reaves Utilityome Fund stock overvalued right now?
Reaves Utilityome Fund (UTG) has a current PB Ratio of 1.03. The current PB Ratio is 1.03, which is near median its 10-year median of 1.03 and 7.3% above the Asset Management industry median of 0.96. Reaves Utilityome Fund's overall GF Score™ is 24/100 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 Reaves Utilityome Fund (UTG), the current PB Ratio is 1.03 as of Jul. 03, 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.
Reaves Utility Income Fund is a closed-end management investment company. The company's investment objective is to provide a high level of after-tax income and total return consisting of tax-advantaged dividend income and capital appreciation. It invests a portion of its total assets in securities of utility companies, which may include companies in the electric, gas, water, telecommunications sectors, as well as other companies engaged in other infrastructure operations.
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