Path2 Hydrogen AGFRA:PTHH 23 PB Ratio is 5.97 as of Jul. 02, 2026, which is 3% below its 10-year median of 6.14. GuruFocus rates FRA:PTHH with a GF Score™ of 23/100. The stock has 5 warning signs investors should review. Among 501 Utilities - Regulated companies, Path2 Hydrogen AG ranks worse than 95.81% on this metric.
The historical rank and industry rank for Path2 Hydrogen AG's PB Ratio or its related term are showing as below:
FRA:PTHH'
s PB Ratio Range Over the Past 10 Years
Min: 1.3 Med: 6.14 Max: 19.48
Current: 5.97
During the past 13 years, Path2 Hydrogen AG's highest PB Ratio was 19.48. The lowest was 1.30. And the median was 6.14.
FRA:PTHH's PB Ratio is ranked worse than 95.81% of 501
companies
in the Utilities - Regulated industry
Industry Median: 1.42
vs FRA:PTHH: 5.97
During the past 12 months, Path2 Hydrogen AG's average Book Value Per Share Growth Rate was -52.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Path2 Hydrogen AG was 1.90% per year. The lowest was -24.40% per year. And the median was -16.85% 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.
Path2 Hydrogen AG PB Ratio Related Terms
Path2 Hydrogen AG PB Ratio Historical Data
* Premium members only.
The historical data trend for Path2 Hydrogen AG'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 Gas subindustry, Path2 Hydrogen AG'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.
Path2 Hydrogen AG PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Path2 Hydrogen AG's PB Ratio distribution charts can be found below:
* The bar in red indicates where Path2 Hydrogen AG'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.
Path2 Hydrogen AG (FRA:PTHH) has a PB Ratio of 5.97 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 Path2 Hydrogen AG and its competitors. This is near median its historical median of 6.14. Over the past decade, Path2 Hydrogen AG's PB Ratio has ranged from 1.30 to 19.48. According to the industry distribution chart, Path2 Hydrogen AG ranks #480 out of 501 companies in the Utilities - Regulated industry, placing it in the top 95.8%.
Is Path2 Hydrogen AG's PB Ratio too high?
Path2 Hydrogen AG's current PB Ratio of 5.97 is near median its 10-year median of 6.14. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 19.48. The Utilities - Regulated industry median PB Ratio is 1.42. Path2 Hydrogen AG's value of 5.97 is 320.4% above this industry median. Based on the distribution chart, Path2 Hydrogen AG ranks #480 out of 501 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Path2 Hydrogen AG has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Path2 Hydrogen AG's PB Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Path2 Hydrogen AG ranks #480 out of 501 companies for PB Ratio. This places Path2 Hydrogen AG in the lower half of its industry. The industry median PB Ratio is 1.42. Path2 Hydrogen AG's value of 5.97 is 320.4% above this benchmark. Historically, Path2 Hydrogen AG's own PB Ratio has ranged from 1.30 to 19.48 over the past decade. While the company's 10-year median is 6.14 vs. the industry median of 1.42, Path2 Hydrogen AG 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. Path2 Hydrogen AG's current PB Ratio of 5.97 is 320.4% 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 Path2 Hydrogen AG 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. Path2 Hydrogen AG's current PB Ratio is 5.97, which is near median its own 10-year median of 6.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Path2 Hydrogen AG stock overvalued right now?
Path2 Hydrogen AG (FRA:PTHH) has a current PB Ratio of 5.97. The current PB Ratio is 5.97, which is near median its 10-year median of 6.14 and 320.4% above the Utilities - Regulated industry median of 1.42. Path2 Hydrogen AG's overall GF Score™ is 23/100 with 5 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 Path2 Hydrogen AG (FRA:PTHH), the current PB Ratio is 5.97 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.
Path2 Hydrogen AG is focused on advancing the hydrogen infrastructure economy. It involves in liquefaction, transfer and storage of hydrogen and equipment.
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