Pure CyclePCYO +0.44%74 PB Ratio is 1.85 as of Jun. 25, 2026, which is 26% below its 10-year median of 2.50. GuruFocus rates PCYO with a GF Score™ of 74/100 and a GF Value™ of $14.11 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 502 Utilities - Regulated companies, Pure Cycle ranks worse than 65.14% 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), Pure Cycle's share price is $11.42. Pure Cycle's Book Value per Share for the quarter that ended in Feb. 2026 was $6.17. Hence, Pure Cycle's PB Ratio of today is 1.85.
The historical rank and industry rank for Pure Cycle's PB Ratio or its related term are showing as below:
PCYO'
s PB Ratio Range Over the Past 10 Years
Min: 1.51 Med: 2.5 Max: 4.07
Current: 1.85
During the past 13 years, Pure Cycle's highest PB Ratio was 4.07. The lowest was 1.51. And the median was 2.50.
PCYO's PB Ratio is ranked worse than 65.14% of 502
companies
in the Utilities - Regulated industry
Industry Median: 1.43
vs PCYO: 1.85
During the past 12 months, Pure Cycle's average Book Value Per Share Growth Rate was 10.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Pure Cycle was 75.30% per year. The lowest was -19.10% per year. And the median was 4.60% 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.
Pure Cycle PB Ratio Related Terms
Pure Cycle PB Ratio Historical Data
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The historical data trend for Pure Cycle'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, Pure Cycle'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.
Pure Cycle PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Pure Cycle's PB Ratio distribution charts can be found below:
* The bar in red indicates where Pure Cycle'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.
Pure Cycle'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.
Pure Cycle (PCYO) has a PB Ratio of 1.85 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 Pure Cycle and its competitors. This is 26% below median its historical median of 2.50. Over the past decade, Pure Cycle's PB Ratio has ranged from 1.51 to 4.07. According to the industry distribution chart, Pure Cycle ranks #327 out of 502 companies in the Utilities - Regulated industry, placing it in the top 65.1%.
Is Pure Cycle's PB Ratio too high?
Pure Cycle's current PB Ratio of 1.85 is 26% below median its 10-year median of 2.50. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 4.07. The Utilities - Regulated industry median PB Ratio is 1.43. Pure Cycle's value of 1.85 is 29.4% above this industry median. Based on the distribution chart, Pure Cycle ranks #327 out of 502 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Pure Cycle has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pure Cycle's PB Ratio compare to GWRS and ARTNA?
According to the Utilities - Regulated industry distribution chart, Pure Cycle ranks #327 out of 502 companies for PB Ratio. This places Pure Cycle in the lower half of its industry. The industry median PB Ratio is 1.43. Pure Cycle's value of 1.85 is 29.4% above this benchmark. Historically, Pure Cycle's own PB Ratio has ranged from 1.51 to 4.07 over the past decade. While the company's 10-year median is 2.50 vs. the industry median of 1.43, Pure Cycle 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 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. Pure Cycle's current PB Ratio of 1.85 is 29.4% 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 Pure Cycle 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. Pure Cycle's current PB Ratio is 1.85, which is 26% below median its own 10-year median of 2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pure Cycle stock overvalued right now?
Based on GuruFocus' analysis, Pure Cycle (PCYO) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.11, compared to a current price of $11.42 — trading 19.1% below its estimated fair value. The current PB Ratio is 1.85, which is 26% below median its 10-year median of 2.50 and 29.4% above the Utilities - Regulated industry median of 1.43. Pure Cycle's overall GF Score™ is 74/100 with 3 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 Pure Cycle (PCYO), the current PB Ratio is 1.85 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 Pure Cycle (PCYO) Overvalued in 2026?
Based on GuruFocus' analysis, Pure Cycle stock appears to be undervalued.
The current stock price of $11.42 is trading 19.1% below its estimated GF Value™ of $14.11.
GuruFocus considers Pure Cycle to be Modestly Undervalued.
Key valuation signals for PCYO:
PB Ratio: 1.85 (26% below median its 10-year median of 2.50)
GF Value™: $14.11 vs. price of $11.42 (19.1% below fair value)
Industry Position: 29.4% above the Utilities - Regulated median (#327 of 502)
No single metric tells the full story. See the PCYO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pure Cycle Corp is a diversified land and water resource development company. The company designs, constructs, manages, operates, and maintains water and wastewater systems. The firm operates in three business segments namely Water and wastewater resource development, Land development, and the Single-Family Rental Segment. It generates maximum revenue from the Land development segment. The land resource development segment includes all the activities necessary to develop and sell finished lots.
74GF Score
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