Capital PowerTSX:CPX +0.08%74 PB Ratio is 2.42 as of Jun. 25, 2026, which is 70% above its 10-year median of 1.42. GuruFocus rates TSX:CPX with a GF Score™ of 74/100 and a GF Value™ of C$40.04 (Significantly Overvalued). The stock has 15 warning signs investors should review. Among 430 Utilities - Independent Power Producers companies, Capital Power ranks worse than 70.7% 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), Capital Power's share price is C$74.44. Capital Power's Book Value per Share for the quarter that ended in Mar. 2026 was C$30.72. Hence, Capital Power's PB Ratio of today is 2.42.
Warning Sign:
Capital Power Corp stock PB Ratio (=2.42) is close to 3-year high of 2.42.
The historical rank and industry rank for Capital Power's PB Ratio or its related term are showing as below:
TSX:CPX'
s PB Ratio Range Over the Past 10 Years
Min: 0.71 Med: 1.42 Max: 2.9
Current: 2.42
During the past 13 years, Capital Power's highest PB Ratio was 2.90. The lowest was 0.71. And the median was 1.42.
During the past 12 months, Capital Power's average Book Value Per Share Growth Rate was -7.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 21.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Capital Power was 47.70% per year. The lowest was -7.50% per year. And the median was 5.65% 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.
Capital Power PB Ratio Related Terms
Capital Power PB Ratio Historical Data
* Premium members only.
The historical data trend for Capital Power'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 - Independent Power Producers subindustry, Capital Power'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.
Capital Power PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Capital Power's PB Ratio distribution charts can be found below:
* The bar in red indicates where Capital Power'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.
Capital Power'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.
Capital Power (TSX:CPX) has a PB Ratio of 2.42 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 Capital Power and its competitors. This is 70% above median its historical median of 1.42. Over the past decade, Capital Power's PB Ratio has ranged from 0.71 to 2.90. According to the industry distribution chart, Capital Power ranks #304 out of 430 companies in the Utilities - Independent Power Producers industry, placing it in the top 70.7%.
Is Capital Power's PB Ratio too high?
Capital Power's current PB Ratio of 2.42 is 70% above median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 2.90. The Utilities - Independent Power Producers industry median PB Ratio is 1.36. Capital Power's value of 2.42 is 77.9% above this industry median. Based on the distribution chart, Capital Power ranks #304 out of 430 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Capital Power has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capital Power's PB Ratio compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Capital Power ranks #304 out of 430 companies for PB Ratio. This places Capital Power in the lower half of its industry. The industry median PB Ratio is 1.36. Capital Power's value of 2.42 is 77.9% above this benchmark. Historically, Capital Power's own PB Ratio has ranged from 0.71 to 2.90 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 1.36, Capital Power 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. Capital Power's current PB Ratio of 2.42 is 77.9% 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 Capital Power 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. Capital Power's current PB Ratio is 2.42, which is 70% above median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Power stock overvalued right now?
Based on GuruFocus' analysis, Capital Power (TSX:CPX) is currently considered Significantly Overvalued. The stock's GF Value™ is C$40.04, compared to a current price of C$74.44 — trading 85.9% above its estimated fair value. The current PB Ratio is 2.42, which is 70% above median its 10-year median of 1.42 and 77.9% above the Utilities - Independent Power Producers industry median of 1.36. Capital Power's overall GF Score™ is 74/100 with 15 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 Capital Power (TSX:CPX), the current PB Ratio is 2.42 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 Capital Power (TSX:CPX) Overvalued in 2026?
Based on GuruFocus' analysis, Capital Power stock appears to be overvalued.
The current stock price of C$74.44 is trading 85.9% above its estimated GF Value™ of C$40.04.
GuruFocus considers Capital Power to be Significantly Overvalued.
Key valuation signals for TSX:CPX:
PB Ratio: 2.42 (70% above median its 10-year median of 1.42)
GF Value™: C$40.04 vs. price of C$74.44 (85.9% above fair value)
Industry Position: 77.9% above the Utilities - Independent Power Producers median (#304 of 430)
No single metric tells the full story. See the TSX:CPX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S. Capital Power's natural gas and coal facilities, specifically its Genesee and Shepard sites, account for its electric capacity and cash flow production. The company generates the vast majority of its revenue from sale of electricity and natural gas. The company's customers include a variety of industrial and commercial consumers, independent transmission system operators, and government-owned entities.
74GF Score
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