Clearway EnergyCWEN +0.60%76 PB Ratio is 2.52 as of Jun. 25, 2026, which is 70% above its 10-year median of 1.48. GuruFocus rates CWEN with a GF Score™ of 76/100 and a GF Value™ of $32.30 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 430 Utilities - Independent Power Producers companies, Clearway Energy ranks worse than 71.63% 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 (2026-06-25), Clearway Energy's share price is $36.78. Clearway Energy's Book Value per Share for the quarter that ended in Mar. 2026 was $14.58. Hence, Clearway Energy's PB Ratio of today is 2.52.
The historical rank and industry rank for Clearway Energy's PB Ratio or its related term are showing as below:
CWEN'
s PB Ratio Range Over the Past 10 Years
Min: 0.79 Med: 1.48 Max: 2.82
Current: 2.52
During the past 13 years, Clearway Energy's highest PB Ratio was 2.82. The lowest was 0.79. And the median was 1.48.
During the past 12 months, Clearway Energy's average Book Value Per Share Growth Rate was -11.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -5.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Clearway Energy was 21.70% per year. The lowest was -23.90% per year. And the median was -3.70% 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.
Clearway Energy PB Ratio Related Terms
Clearway Energy PB Ratio Historical Data
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The historical data trend for Clearway Energy'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 - Renewable subindustry, Clearway Energy'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.
Clearway Energy PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Clearway Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where Clearway Energy'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.
Clearway Energy'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.
Clearway Energy (CWEN) has a PB Ratio of 2.52 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Clearway Energy and its competitors. This is 70% above median its historical median of 1.48. Over the past decade, Clearway Energy's PB Ratio has ranged from 0.79 to 2.82. According to the industry distribution chart, Clearway Energy ranks #308 out of 430 companies in the Utilities - Independent Power Producers industry, placing it in the top 71.6%.
Is Clearway Energy's PB Ratio too high?
Clearway Energy's current PB Ratio of 2.52 is 70% above median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 2.82. The Utilities - Independent Power Producers industry median PB Ratio is 1.36. Clearway Energy's value of 2.52 is 85.3% above this industry median. Based on the distribution chart, Clearway Energy ranks #308 out of 430 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Clearway Energy has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Clearway Energy's PB Ratio compare to MWH and ORA?
According to the Utilities - Independent Power Producers industry distribution chart, Clearway Energy ranks #308 out of 430 companies for PB Ratio. This places Clearway Energy in the lower half of its industry. The industry median PB Ratio is 1.36. Clearway Energy's value of 2.52 is 85.3% above this benchmark. Historically, Clearway Energy's own PB Ratio has ranged from 0.79 to 2.82 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 1.36, Clearway Energy 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 - Independent Power Producers company?
The median PB Ratio among Utilities - Independent Power Producers companies is 1.36, based on 430 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. Clearway Energy's current PB Ratio of 2.52 is 85.3% 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 Clearway Energy and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clearway Energy's current PB Ratio is 2.52, which is 70% above median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clearway Energy stock overvalued right now?
Based on GuruFocus' analysis, Clearway Energy (CWEN) is currently considered Modestly Overvalued. The stock's GF Value™ is $32.30, compared to a current price of $36.78 — trading 13.9% above its estimated fair value. The current PB Ratio is 2.52, which is 70% above median its 10-year median of 1.48 and 85.3% above the Utilities - Independent Power Producers industry median of 1.36. Clearway Energy's overall GF Score™ is 76/100 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 Clearway Energy (CWEN), the current PB Ratio is 2.52 as of Jun. 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 Clearway Energy (CWEN) Overvalued in 2026?
Based on GuruFocus' analysis, Clearway Energy stock appears to be overvalued.
The current stock price of $36.78 is trading 13.9% above its estimated GF Value™ of $32.30.
GuruFocus considers Clearway Energy to be Modestly Overvalued.
Key valuation signals for CWEN:
PB Ratio: 2.52 (70% above median its 10-year median of 1.48)
GF Value™: $32.30 vs. price of $36.78 (13.9% above fair value)
Industry Position: 85.3% above the Utilities - Independent Power Producers median (#308 of 430)
No single metric tells the full story. See the CWEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Clearway Energy Inc is a publicly-traded energy infrastructure investor with a focus on investments in clean energy and the owner of modern, sustainable, and long-term contracted assets across North America. The company segments its operations into Flexible Generation, Renewables & Storage, and Corporate divisions. The majority of its revenue is generated from the Renewables & Storage segment.
76GF Score
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