TXNM EnergyFRA:98P -0.40%74 PB Ratio is 1.83 as of Jul. 02, 2026, which is 3% below its 10-year median of 1.88. GuruFocus rates FRA:98P with a GF Score™ of 74/100 and a GF Value™ of €39.36. The stock has 13 warning signs investors should review. Among 501 Utilities - Regulated companies, TXNM Energy ranks worse than 64.67% 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 (2026-07-02), TXNM Energy's share price is €49.60. TXNM Energy's Book Value per Share for the quarter that ended in Mar. 2026 was €27.07. Hence, TXNM Energy's PB Ratio of today is 1.83.
The historical rank and industry rank for TXNM Energy's PB Ratio or its related term are showing as below:
FRA:98P'
s PB Ratio Range Over the Past 10 Years
Min: 1.36 Med: 1.88 Max: 2.65
Current: 1.81
During the past 13 years, TXNM Energy's highest PB Ratio was 2.65. The lowest was 1.36. And the median was 1.88.
FRA:98P's PB Ratio is ranked worse than 64.67% of 501
companies
in the Utilities - Regulated industry
Industry Median: 1.42
vs FRA:98P: 1.81
During the past 12 months, TXNM Energy's average Book Value Per Share Growth Rate was 15.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of TXNM Energy was 8.60% per year. The lowest was -6.80% per year. And the median was 3.90% 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.
TXNM Energy PB Ratio Related Terms
TXNM Energy PB Ratio Historical Data
* Premium members only.
The historical data trend for TXNM 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 - Regulated Electric subindustry, TXNM 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.
TXNM Energy PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, TXNM Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where TXNM 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.
TXNM 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.
TXNM Energy (FRA:98P) has a PB Ratio of 1.83 as of Jul. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on TXNM Energy and its competitors. This is near median its historical median of 1.88. Over the past decade, TXNM Energy's PB Ratio has ranged from 1.36 to 2.65. According to the industry distribution chart, TXNM Energy ranks #324 out of 501 companies in the Utilities - Regulated industry, placing it in the top 64.7%.
Is TXNM Energy's PB Ratio too high?
TXNM Energy's current PB Ratio of 1.83 is near median its 10-year median of 1.88. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 2.65. The Utilities - Regulated industry median PB Ratio is 1.42. TXNM Energy's value of 1.83 is 28.9% above this industry median. Based on the distribution chart, TXNM Energy ranks #324 out of 501 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, TXNM Energy has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does TXNM Energy's PB Ratio compare to POR and NWE?
According to the Utilities - Regulated industry distribution chart, TXNM Energy ranks #324 out of 501 companies for PB Ratio. This places TXNM Energy in the lower half of its industry. The industry median PB Ratio is 1.42. TXNM Energy's value of 1.83 is 28.9% above this benchmark. Historically, TXNM Energy's own PB Ratio has ranged from 1.36 to 2.65 over the past decade. While the company's 10-year median is 1.88 vs. the industry median of 1.42, TXNM 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 - Regulated company?
The median PB Ratio among Utilities - Regulated companies is 1.42, based on 501 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. TXNM Energy's current PB Ratio of 1.83 is 28.9% 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 TXNM Energy and its competitors. For the Utilities - Regulated industry, the median PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TXNM Energy's current PB Ratio is 1.83, which is near median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TXNM Energy stock overvalued right now?
TXNM Energy (FRA:98P) has a current PB Ratio of 1.83. The stock's GF Value™ is €39.36, compared to a current price of €49.60 — trading 26% above its estimated fair value. The current PB Ratio is 1.83, which is near median its 10-year median of 1.88 and 28.9% above the Utilities - Regulated industry median of 1.42. TXNM Energy's overall GF Score™ is 74/100 with 13 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 TXNM Energy (FRA:98P), the current PB Ratio is 1.83 as of Jul. 02, 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 TXNM Energy (FRA:98P) Overvalued in 2026?
Based on GuruFocus' analysis, TXNM Energy stock appears to be overvalued.
The current stock price of €49.60 is trading 26% above its estimated GF Value™ of €39.36.
Key valuation signals for FRA:98P:
PB Ratio: 1.83 (near median its 10-year median of 1.88)
GF Value™: €39.36 vs. price of €49.60 (26% above fair value)
Industry Position: 28.9% above the Utilities - Regulated median (#324 of 501)
No single metric tells the full story. See the FRA:98P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TXNM Energy Inc is a holding company that owns regulated utility companies providing energy to houses and businesses across Texas and New Mexico using its utilities.
74GF Score
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