Meridian EnergyMDDNF 72 PB Ratio is 1.73 as of Jun. 25, 2026, which is 19% below its 10-year median of 2.14. GuruFocus rates MDDNF with a GF Score™ of 72/100 and a GF Value™ of $3.49 (Fairly Valued). The stock has 6 warning signs investors should review. Among 430 Utilities - Independent Power Producers companies, Meridian Energy ranks worse than 61.16% 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), Meridian Energy's share price is $3.372. Meridian Energy's Book Value per Share for the quarter that ended in Dec. 2025 was $1.95. Hence, Meridian Energy's PB Ratio of today is 1.73.
The historical rank and industry rank for Meridian Energy's PB Ratio or its related term are showing as below:
MDDNF'
s PB Ratio Range Over the Past 10 Years
Min: 1.24 Med: 2.14 Max: 4.61
Current: 1.74
During the past 13 years, Meridian Energy's highest PB Ratio was 4.61. The lowest was 1.24. And the median was 2.14.
During the past 12 months, Meridian Energy's average Book Value Per Share Growth Rate was 11.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 16.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Meridian Energy was 16.70% per year. The lowest was -16.30% per year. And the median was 0.50% per year.
Back to Basics: PB Ratio
Meridian Energy (OTCPK:MDDNF) 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.
Meridian Energy PB Ratio Related Terms
Meridian Energy PB Ratio Historical Data
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The historical data trend for Meridian 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 - Renewable subindustry, Meridian 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.
Meridian Energy PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Meridian Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where Meridian 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.
Meridian 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.
Meridian Energy (MDDNF) has a PB Ratio of 1.73 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 Meridian Energy and its competitors. This is 19% below median its historical median of 2.14. Over the past decade, Meridian Energy's PB Ratio has ranged from 1.24 to 4.61. According to the industry distribution chart, Meridian Energy ranks #263 out of 430 companies in the Utilities - Independent Power Producers industry, placing it in the top 61.2%.
Is Meridian Energy's PB Ratio too high?
Meridian Energy's current PB Ratio of 1.73 is 19% below median its 10-year median of 2.14. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 4.61. The Utilities - Independent Power Producers industry median PB Ratio is 1.36. Meridian Energy's value of 1.73 is 27.2% above this industry median. Based on the distribution chart, Meridian Energy ranks #263 out of 430 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Meridian Energy has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Meridian Energy's PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Meridian Energy ranks #263 out of 430 companies for PB Ratio. This places Meridian Energy in the lower half of its industry. The industry median PB Ratio is 1.36. Meridian Energy's value of 1.73 is 27.2% above this benchmark. Historically, Meridian Energy's own PB Ratio has ranged from 1.24 to 4.61 over the past decade. While the company's 10-year median is 2.14 vs. the industry median of 1.36, Meridian 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 - Independent Power Producers company?
The median PB Ratio among Utilities - Independent Power Producers companies is 1.36, based on 430 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. Meridian Energy's current PB Ratio of 1.73 is 27.2% 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 Meridian Energy and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meridian Energy's current PB Ratio is 1.73, which is 19% below median its own 10-year median of 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meridian Energy stock overvalued right now?
Based on GuruFocus' analysis, Meridian Energy (MDDNF) is currently considered Fairly Valued. The stock's GF Value™ is $3.49, compared to a current price of $3.37 — trading 3.4% below its estimated fair value. The current PB Ratio is 1.73, which is 19% below median its 10-year median of 2.14 and 27.2% above the Utilities - Independent Power Producers industry median of 1.36. Meridian Energy's overall GF Score™ is 72/100 with 6 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 Meridian Energy (MDDNF), the current PB Ratio is 1.73 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 Meridian Energy (MDDNF) Overvalued in 2026?
Based on GuruFocus' analysis, Meridian Energy stock appears to be undervalued.
The current stock price of $3.37 is trading 3.4% below its estimated GF Value™ of $3.49.
GuruFocus considers Meridian Energy to be Fairly Valued.
Key valuation signals for MDDNF:
PB Ratio: 1.73 (19% below median its 10-year median of 2.14)
GF Value™: $3.49 vs. price of $3.37 (3.4% below fair value)
Industry Position: 27.2% above the Utilities - Independent Power Producers median (#263 of 430)
No single metric tells the full story. See the MDDNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meridian Energy is one of New Zealand's leading utilities. It is the largest electricity producer in the nation, with a third of the market, and the fourth-largest energy retailer, with about 15% of the market by customer numbers. It generates 100% renewable electricity, mainly from large hydroelectric schemes in the South Island. It also owns a geographically diversified portfolio of wind farms.
72GF Score
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