United Utilities GroupLSE:UU. +2.53%83 PB Ratio is 4.06 as of Jul. 03, 2026, which is 71% above its 10-year median of 2.37. GuruFocus rates LSE:UU. with a GF Score™ of 83/100 and a GF Value™ of £14.25 (Fairly Valued). The stock has 5 warning signs investors should review. Among 501 Utilities - Regulated companies, United Utilities Group ranks worse than 92.22% on this metric.
The historical rank and industry rank for United Utilities Group's PB Ratio or its related term are showing as below:
LSE:UU.'
s PB Ratio Range Over the Past 10 Years
Min: 1.59 Med: 2.37 Max: 4.75
Current: 4.07
During the past 13 years, United Utilities Group's highest PB Ratio was 4.75. The lowest was 1.59. And the median was 2.37.
LSE:UU.'s PB Ratio is ranked worse than 92.22% of 501
companies
in the Utilities - Regulated industry
Industry Median: 1.43
vs LSE:UU.: 4.07
During the past 12 months, United Utilities Group's average Book Value Per Share Growth Rate was 12.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -7.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -3.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of United Utilities Group was 13.10% per year. The lowest was -24.80% per year. And the median was 1.25% per year.
Back to Basics: PB Ratio
United Utilities Group (LSE:UU.) 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.
* 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, United Utilities Group'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.
United Utilities Group PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, United Utilities Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where United Utilities Group'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.
United Utilities Group (LSE:UU.) has a PB Ratio of 4.06 as of Jul. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on United Utilities Group and its competitors. This is 71% above median its historical median of 2.37. Over the past decade, United Utilities Group's PB Ratio has ranged from 1.59 to 4.75. According to the industry distribution chart, United Utilities Group ranks #462 out of 501 companies in the Utilities - Regulated industry, placing it in the top 92.2%.
Is United Utilities Group's PB Ratio too high?
United Utilities Group's current PB Ratio of 4.06 is 71% above median its 10-year median of 2.37. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 4.75. The Utilities - Regulated industry median PB Ratio is 1.43. United Utilities Group's value of 4.06 is 183.9% above this industry median. Based on the distribution chart, United Utilities Group ranks #462 out of 501 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, United Utilities Group has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does United Utilities Group's PB Ratio compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, United Utilities Group ranks #462 out of 501 companies for PB Ratio. This places United Utilities Group in the lower half of its industry. The industry median PB Ratio is 1.43. United Utilities Group's value of 4.06 is 183.9% above this benchmark. Historically, United Utilities Group's own PB Ratio has ranged from 1.59 to 4.75 over the past decade. While the company's 10-year median is 2.37 vs. the industry median of 1.43, United Utilities Group 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 1.43, 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. United Utilities Group's current PB Ratio of 4.06 is 183.9% 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 United Utilities Group 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. United Utilities Group's current PB Ratio is 4.06, which is 71% above median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Utilities Group stock overvalued right now?
Based on GuruFocus' analysis, United Utilities Group (LSE:UU.) is currently considered Fairly Valued. The stock's GF Value™ is £14.25, compared to a current price of £13.36 — trading 6.2% below its estimated fair value. The current PB Ratio is 4.06, which is 71% above median its 10-year median of 2.37 and 183.9% above the Utilities - Regulated industry median of 1.43. United Utilities Group's overall GF Score™ is 83/100 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 United Utilities Group (LSE:UU.), the current PB Ratio is 4.06 as of Jul. 03, 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 United Utilities Group (LSE:UU.) Overvalued in 2026?
Based on GuruFocus' analysis, United Utilities Group stock appears to be undervalued.
The current stock price of £13.36 is trading 6.2% below its estimated GF Value™ of £14.25.
GuruFocus considers United Utilities Group to be Fairly Valued.
Key valuation signals for LSE:UU.:
PB Ratio: 4.06 (71% above median its 10-year median of 2.37)
GF Value™: £14.25 vs. price of £13.36 (6.2% below fair value)
Industry Position: 183.9% above the Utilities - Regulated median (#462 of 501)
No single metric tells the full story. See the LSE:UU. stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Utilities Group is primarily a holding company for United Utilities Water, the country's largest regulated water and wastewater utility, serving customers in northwest England, including Manchester and Liverpool.
83GF Score
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