Air WaterAWTRF 86 PB Ratio is 1.12 as of Jun. 30, 2026, which is 1% above its 10-year median of 1.11. GuruFocus rates AWTRF with a GF Score™ of 86/100 and a GF Value™ of $11.73 (Modestly Overvalued). The stock has 14 warning signs investors should review. Among 1,579 Chemicals companies, Air Water ranks better than 57.76% on this metric.
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. As of today (2026-06-30), Air Water's share price is $14.75. Air Water's Book Value per Share for the quarter that ended in Sep. 2025 was $13.12. Hence, Air Water's PB Ratio of today is 1.12.
Warning Sign:
Air Water Inc stock PB Ratio (=1.43) is close to 5-year high of 1.43.
The historical rank and industry rank for Air Water's PB Ratio or its related term are showing as below:
AWTRF'
s PB Ratio Range Over the Past 10 Years
Min: 0.8 Med: 1.11 Max: 1.77
Current: 1.43
During the past 13 years, Air Water's highest PB Ratio was 1.77. The lowest was 0.80. And the median was 1.11.
AWTRF's PB Ratio is ranked better than 57.76% of 1579
companies
in the Chemicals industry
Industry Median: 1.76
vs AWTRF: 1.43
During the past 12 months, Air Water's average Book Value Per Share Growth Rate was -9.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Air Water was 13.50% per year. The lowest was 3.60% per year. And the median was 7.60% per year.
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.
Air Water PB Ratio Related Terms
Air Water PB Ratio Historical Data
* Premium members only.
The historical data trend for Air Water'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 Specialty Chemicals subindustry, Air Water'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.
Air Water PB Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Water's PB Ratio distribution charts can be found below:
* The bar in red indicates where Air Water'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.
Air Water's PB Ratio for today is calculated as follows:
* 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.
Air Water (AWTRF) has a PB Ratio of 1.12 as of Jun. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Air Water and its competitors. This is near median its historical median of 1.11. Over the past decade, Air Water's PB Ratio has ranged from 0.80 to 1.77. According to the industry distribution chart, Air Water ranks #667 out of 1579 companies in the Chemicals industry, placing it in the top 42.2%.
Is Air Water's PB Ratio too high?
Air Water's current PB Ratio of 1.12 is near median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 1.77. The Chemicals industry median PB Ratio is 1.76. Air Water's value of 1.12 is 36.4% below this industry median. Based on the distribution chart, Air Water ranks #667 out of 1579 companies in the Chemicals industry, which is above the industry midpoint. Overall, Air Water has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air Water's PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Air Water ranks #667 out of 1579 companies for PB Ratio. This puts Air Water in the upper half of its industry. The industry median PB Ratio is 1.76. Air Water's value of 1.12 is 36.4% below this benchmark. Historically, Air Water's own PB Ratio has ranged from 0.80 to 1.77 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 1.76, Air Water has consistently been below 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 a Chemicals company?
The median PB Ratio among Chemicals companies is 1.76, based on 1,579 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. Air Water's current PB Ratio of 1.12 is 36.4% below 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 Air Water and its competitors. For the Chemicals industry, the median PB Ratio is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Water's current PB Ratio is 1.12, which is near median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Water stock overvalued right now?
Based on GuruFocus' analysis, Air Water (AWTRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.73, compared to a current price of $14.75 — trading 25.7% above its estimated fair value. The current PB Ratio is 1.12, which is near median its 10-year median of 1.11 and 36.4% below the Chemicals industry median of 1.76. Air Water's overall GF Score™ is 86/100 with 14 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 Air Water (AWTRF), the current PB Ratio is 1.12 as of Jun. 30, 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 Air Water (AWTRF) Overvalued in 2026?
Based on GuruFocus' analysis, Air Water stock appears to be overvalued.
The current stock price of $14.75 is trading 25.7% above its estimated GF Value™ of $11.73.
GuruFocus considers Air Water to be Modestly Overvalued.
Key valuation signals for AWTRF:
PB Ratio: 1.12 (near median its 10-year median of 1.11)
GF Value™: $11.73 vs. price of $14.75 (25.7% above fair value)
Industry Position: 36.4% below the Chemicals median (#667 of 1579)
No single metric tells the full story. See the AWTRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air Water Inc is a diversified conglomerate engaged in the supply of industrial gases and various other businesses and services. The company operates through five segments. The Agri & Foods segment covers the processing and distribution of fruits and vegetables, frozen foods, meat products, and contract manufacturing of beverages. The Digital & Industry segment focuses on industrial gases, electrical, and functional materials. The Energy Solutions segment deals with LP gas, kerosene, and related equipment. The Health & Safety segment provides medical gases, dental and protective materials, hospital equipment, and home medical care services. The Other Businesses segment includes logistics, salt production, overseas industrial gas operations, biomass power, and high-output UPS solutions.
86GF Score
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