H2O AmericaHTO +1.79%72 PB Ratio is 1.37 as of Jun. 25, 2026, which is 31% below its 10-year median of 1.99. GuruFocus rates HTO with a GF Score™ of 72/100 and a GF Value™ of $57.40 (Fairly Valued). The stock has 9 warning signs investors should review. Among 502 Utilities - Regulated companies, H2O America ranks better than 53.39% 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), H2O America's share price is $60.22. H2O America's Book Value per Share for the quarter that ended in Mar. 2026 was $43.84. Hence, H2O America's PB Ratio of today is 1.37.
Warning Sign:
H2O America stock PB Ratio (=1.35) is close to 1-year high of 1.38.
The historical rank and industry rank for H2O America's PB Ratio or its related term are showing as below:
HTO'
s PB Ratio Range Over the Past 10 Years
Min: 1.05 Med: 1.99 Max: 3.06
Current: 1.37
During the past 13 years, H2O America's highest PB Ratio was 3.06. The lowest was 1.05. And the median was 1.99.
HTO's PB Ratio is ranked better than 53.39% of 502
companies
in the Utilities - Regulated industry
Industry Median: 1.43
vs HTO: 1.37
During the past 12 months, H2O America's average Book Value Per Share Growth Rate was 7.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of H2O America was 18.50% per year. The lowest was 1.00% per year. And the median was 7.40% 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.
H2O America PB Ratio Related Terms
H2O America PB Ratio Historical Data
* Premium members only.
The historical data trend for H2O America'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 Water subindustry, H2O America'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.
H2O America PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, H2O America's PB Ratio distribution charts can be found below:
* The bar in red indicates where H2O America'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.
H2O America'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.
H2O America (HTO) has a PB Ratio of 1.37 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 H2O America and its competitors. This is 31% below median its historical median of 1.99. Over the past decade, H2O America's PB Ratio has ranged from 1.05 to 3.06. According to the industry distribution chart, H2O America ranks #234 out of 502 companies in the Utilities - Regulated industry, placing it in the top 46.6%.
Is H2O America's PB Ratio too high?
H2O America's current PB Ratio of 1.37 is 31% below median its 10-year median of 1.99. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 3.06. The Utilities - Regulated industry median PB Ratio is 1.43. H2O America's value of 1.37 is 4.2% below this industry median. Based on the distribution chart, H2O America ranks #234 out of 502 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, H2O America has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does H2O America's PB Ratio compare to CWT and AWR?
According to the Utilities - Regulated industry distribution chart, H2O America ranks #234 out of 502 companies for PB Ratio. This puts H2O America in the upper half of its industry. The industry median PB Ratio is 1.43. H2O America's value of 1.37 is 4.2% below this benchmark. Historically, H2O America's own PB Ratio has ranged from 1.05 to 3.06 over the past decade. While the company's 10-year median is 1.99 vs. the industry median of 1.43, H2O America 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 an Utilities - Regulated company?
The median PB Ratio among Utilities - Regulated companies is 1.43, based on 502 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. H2O America's current PB Ratio of 1.37 is 4.2% 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 H2O America and its competitors. For the Utilities - Regulated industry, the median PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H2O America's current PB Ratio is 1.37, which is 31% below median its own 10-year median of 1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H2O America stock overvalued right now?
Based on GuruFocus' analysis, H2O America (HTO) is currently considered Fairly Valued. The stock's GF Value™ is $57.40, compared to a current price of $60.22 — trading 4.9% above its estimated fair value. The current PB Ratio is 1.37, which is 31% below median its 10-year median of 1.99 and 4.2% below the Utilities - Regulated industry median of 1.43. H2O America's overall GF Score™ is 72/100 with 9 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 H2O America (HTO), the current PB Ratio is 1.37 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 H2O America (HTO) Overvalued in 2026?
Based on GuruFocus' analysis, H2O America stock appears to be overvalued.
The current stock price of $60.22 is trading 4.9% above its estimated GF Value™ of $57.40.
GuruFocus considers H2O America to be Fairly Valued.
Key valuation signals for HTO:
PB Ratio: 1.37 (31% below median its 10-year median of 1.99)
GF Value™: $57.40 vs. price of $60.22 (4.9% above fair value)
Industry Position: 4.2% below the Utilities - Regulated median (#234 of 502)
No single metric tells the full story. See the HTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
H2O America is a national investor-owned network of local water and wastewater utilities united by one purpose: delivering clean, high-quality water to the communities it calls home. Across approximately 407,000 water and wastewater service connections, the company invests in critical infrastructure to strengthen the water supply for generations to come. Its single reportable segment provides water utility and utility-related services to its customers.
72GF Score
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