Power & Infrastructure Split (TSX:PWI) PB Ratio: 1.23 (As of Jun. 25, 2026) — 18% Above Median


TSX:PWI Power & Infrastructure Split Corp TSX:PWI
59 GF Score
Price C$12.94
GF Value C$53.28
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Power & Infrastructure Split PB Ratio?

Power & Infrastructure Split TSX:PWI 59 PB Ratio is 1.23 as of Jun. 25, 2026, which is 18% above its 10-year median of 1.04. GuruFocus rates TSX:PWI with a GF Score™ of 59/100 and a GF Value™ of C$53.28 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,607 Asset Management companies, Power & Infrastructure Split ranks worse than 74.8% 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), Power & Infrastructure Split's share price is C$12.94. Power & Infrastructure Split's Book Value per Share for the quarter that ended in Dec. 2025 was C$10.51. Hence, Power & Infrastructure Split's PB Ratio of today is 1.23.

Warning Sign:

Power & Infrastructure Split Corp stock PB Ratio (=1.23) is close to 1-year high of 1.35.

The historical rank and industry rank for Power & Infrastructure Split's PB Ratio or its related term are showing as below:

TSX:PWI' s PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.04   Max: 1.61
Current: 1.23

During the past 5 years, Power & Infrastructure Split's highest PB Ratio was 1.61. The lowest was 0.63. And the median was 1.04.

TSX:PWI's PB Ratio is ranked worse than
74.8% of 1607 companies
in the Asset Management industry
Industry Median: 0.95 vs TSX:PWI: 1.23

During the past 12 months, Power & Infrastructure Split's average Book Value Per Share Growth Rate was 11.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 18.70% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Power & Infrastructure Split was 18.70% per year. The lowest was -2.30% per year. And the median was 8.20% per year.

Back to Basics: PB Ratio


Power & Infrastructure Split  (TSX:PWI) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Power & Infrastructure Split PB Ratio Related Terms


Power & Infrastructure Split PB Ratio Historical Data

* Premium members only.

The historical data trend for Power & Infrastructure Split'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.

Power & Infrastructure Split PB Ratio Chart

Power & Infrastructure Split Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
0.98 1.20 0.96 0.94 0.98

Power & Infrastructure Split Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 0.93 0.94 0.93 0.98

TSX:PWI vs BLK, BX, KKR: PB Ratio Comparison

For the Asset Management subindustry, Power & Infrastructure Split'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.


Power & Infrastructure Split PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Power & Infrastructure Split's PB Ratio distribution charts can be found below:

* The bar in red indicates where Power & Infrastructure Split's PB Ratio falls into.


TSX:PWI
59GF Score
Power & Infrastructure Split Corp TSX:PWI
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Power & Infrastructure Split PB Ratio Calculation

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.

Power & Infrastructure Split's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=12.94/10.51
=1.23

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 1.23 mean?
Power & Infrastructure Split (TSX:PWI) has a PB Ratio of 1.23 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 Power & Infrastructure Split and its competitors. This is 18% above median its historical median of 1.04. Over the past decade, Power & Infrastructure Split's PB Ratio has ranged from 0.63 to 1.61. According to the industry distribution chart, Power & Infrastructure Split ranks #1202 out of 1607 companies in the Asset Management industry, placing it in the top 74.8%.
Is Power & Infrastructure Split's PB Ratio too high?
Power & Infrastructure Split's current PB Ratio of 1.23 is 18% above median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 1.61. The Asset Management industry median PB Ratio is 0.95. Power & Infrastructure Split's value of 1.23 is 29.5% above this industry median. Based on the distribution chart, Power & Infrastructure Split ranks #1202 out of 1607 companies in the Asset Management industry, which is below the industry midpoint. Overall, Power & Infrastructure Split has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Power & Infrastructure Split's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Power & Infrastructure Split ranks #1202 out of 1607 companies for PB Ratio. This places Power & Infrastructure Split in the lower half of its industry. The industry median PB Ratio is 0.95. Power & Infrastructure Split's value of 1.23 is 29.5% above this benchmark. Historically, Power & Infrastructure Split's own PB Ratio has ranged from 0.63 to 1.61 over the past decade. While the company's 10-year median is 1.04 vs. the industry median of 0.95, Power & Infrastructure Split 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 Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,607 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. Power & Infrastructure Split's current PB Ratio of 1.23 is 29.5% 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 Power & Infrastructure Split and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Power & Infrastructure Split's current PB Ratio is 1.23, which is 18% above median its own 10-year median of 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Power & Infrastructure Split stock overvalued right now?
Based on GuruFocus' analysis, Power & Infrastructure Split (TSX:PWI) is currently considered Significantly Undervalued. The stock's GF Value™ is C$53.28, compared to a current price of C$12.94 — trading 75.7% below its estimated fair value. The current PB Ratio is 1.23, which is 18% above median its 10-year median of 1.04 and 29.5% above the Asset Management industry median of 0.95. Power & Infrastructure Split's overall GF Score™ is 59/100 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 Power & Infrastructure Split (TSX:PWI), the current PB Ratio is 1.23 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 Power & Infrastructure Split (TSX:PWI) Overvalued in 2026?

Based on GuruFocus' analysis, Power & Infrastructure Split stock appears to be undervalued. The current stock price of C$12.94 is trading 75.7% below its estimated GF Value™ of C$53.28. GuruFocus considers Power & Infrastructure Split to be Significantly Undervalued.

Key valuation signals for TSX:PWI:

  • PB Ratio: 1.23 (18% above median its 10-year median of 1.04)
  • GF Value™: C$53.28 vs. price of C$12.94 (75.7% below fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 29.5% above the Asset Management median (#1202 of 1607)

No single metric tells the full story. See the TSX:PWI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Power & Infrastructure Split Business Description

Address 181 Bay Street, Suite 2930, P.O. Box 793, Bay Wellington Tower, Brookfield Place, Toronto, ON, CAN, M5J 2T3
Power & Infrastructure Split Corp is a mutual fund corporation. The company's fund invests in a globally diversified and actively managed portfolio consisting of dividend-paying securities of power and infrastructure companies, whose assets, products, and services the Manager believes are facilitating the multi-decade transition toward decarbonization and environmental sustainability. The company's portfolio includes investments in companies operating in the areas of renewable power, green transportation, energy efficiency, and communications, among others.
59GF Score

Get the complete analysis for TSX:PWI

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$12.94
Price
C$53.28
GF Value