Ceres Power HoldingsLSE:CWR -10.62%46 PB Ratio is 9.20 as of Jun. 26, 2026, which is 56% above its 10-year median of 5.89. GuruFocus rates LSE:CWR with a GF Score™ of 46/100 and a GF Value™ of £3.19 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,986 Industrial Products companies, Ceres Power Holdings ranks worse than 90.96% on this metric.
The historical rank and industry rank for Ceres Power Holdings's PB Ratio or its related term are showing as below:
LSE:CWR'
s PB Ratio Range Over the Past 10 Years
Min: 0.6 Med: 5.89 Max: 28.5
Current: 9.21
During the past 13 years, Ceres Power Holdings's highest PB Ratio was 28.50. The lowest was 0.60. And the median was 5.89.
LSE:CWR's PB Ratio is ranked worse than 90.96% of 2986
companies
in the Industrial Products industry
Industry Median: 2.27
vs LSE:CWR: 9.21
During the past 12 months, Ceres Power Holdings's average Book Value Per Share Growth Rate was -30.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -23.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -8.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 22.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ceres Power Holdings was 134.20% per year. The lowest was -63.80% per year. And the median was 9.80% per year.
Back to Basics: PB Ratio
Ceres Power Holdings (LSE:CWR) PB Ratio Explanation
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.
Ceres Power Holdings PB Ratio Related Terms
Ceres Power Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for Ceres Power Holdings'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 Electrical Equipment & Parts subindustry, Ceres Power Holdings'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.
Ceres Power Holdings PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ceres Power Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ceres Power Holdings'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.
Ceres Power Holdings (LSE:CWR) has a PB Ratio of 9.20 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ceres Power Holdings and its competitors. This is 56% above median its historical median of 5.89. Over the past decade, Ceres Power Holdings' PB Ratio has ranged from 0.60 to 28.50. According to the industry distribution chart, Ceres Power Holdings ranks #2716 out of 2986 companies in the Industrial Products industry, placing it in the top 91%.
Is Ceres Power Holdings' PB Ratio too high?
Ceres Power Holdings' current PB Ratio of 9.20 is 56% above median its 10-year median of 5.89. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 28.50. The Industrial Products industry median PB Ratio is 2.27. Ceres Power Holdings' value of 9.20 is 305.3% above this industry median. Based on the distribution chart, Ceres Power Holdings ranks #2716 out of 2986 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Ceres Power Holdings has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ceres Power Holdings' PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ceres Power Holdings ranks #2716 out of 2986 companies for PB Ratio. This places Ceres Power Holdings in the lower half of its industry. The industry median PB Ratio is 2.27. Ceres Power Holdings' value of 9.20 is 305.3% above this benchmark. Historically, Ceres Power Holdings' own PB Ratio has ranged from 0.60 to 28.50 over the past decade. While the company's 10-year median is 5.89 vs. the industry median of 2.27, Ceres Power Holdings 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 Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.27, based on 2,986 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. Ceres Power Holdings's current PB Ratio of 9.20 is 305.3% 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 Ceres Power Holdings and its competitors. For the Industrial Products industry, the median PB Ratio is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ceres Power Holdings's current PB Ratio is 9.20, which is 56% above median its own 10-year median of 5.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ceres Power Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ceres Power Holdings (LSE:CWR) is currently considered Significantly Overvalued. The stock's GF Value™ is £3.19, compared to a current price of £5.09 — trading 59.6% above its estimated fair value. The current PB Ratio is 9.20, which is 56% above median its 10-year median of 5.89 and 305.3% above the Industrial Products industry median of 2.27. Ceres Power Holdings' overall GF Score™ is 46/100 with 4 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 Ceres Power Holdings (LSE:CWR), the current PB Ratio is 9.20 as of Jun. 26, 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 Ceres Power Holdings (LSE:CWR) Overvalued in 2026?
Based on GuruFocus' analysis, Ceres Power Holdings stock appears to be overvalued.
The current stock price of £5.09 is trading 59.6% above its estimated GF Value™ of £3.19.
GuruFocus considers Ceres Power Holdings to be Significantly Overvalued.
Key valuation signals for LSE:CWR:
PB Ratio: 9.20 (56% above median its 10-year median of 5.89)
GF Value™: £3.19 vs. price of £5.09 (59.6% above fair value)
Industry Position: 305.3% above the Industrial Products median (#2716 of 2986)
No single metric tells the full story. See the LSE:CWR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ceres Power Holdings PLC is a primary developer of clean energy technology fuel cells for power generation and electrolysers to produce green hydrogen. Its licensing model enables partners to develop solid oxide technology supporting greater electrification of energy systems, including AI data centres, commercial and industrial applications, and produce green hydrogen at high efficiencies as a route to decarbonise emissions-intensive industries such as ammonia, steelmaking and electrofuels. The majority of revenue comes from Asian country followed by Europe and North America.
46GF Score
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