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H2O America price to book ratio HTO

Market value divided by the book value of the company's net assets, since 2011.

Today, Oct 23, 2026
1.3×
10-year median
2.0×
Against its 10-year history
14th
percentile: 0 is its lowest day, 100 its highest
10-year range
1.1× to 3.1×
Peer median
1.7×

H2O America's price to book ratio is 1.3× as of Oct 23, 2026.

That is below its ten-year median of 2.0×, lower than on 86% of days in the last ten years.

Over that time it ranged from 1.1× in Nov 2025 to 3.1× in Jun 2018.

The median for 8 water utilities of a similar size is 1.7×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far1.3×1.2×1.5×
20251.1×1.1×1.4×
20241.2×1.2×1.7×
20231.7×1.6×2.3×
20222.3×1.7×2.3×
20212.2×1.9×2.2×
20202.2×1.7×2.4×
20192.3×1.9×2.7×
20182.4×2.3×3.1×
20172.9×2.3×3.0×
20162.8×1.6×2.8×
20151.6×1.5×2.0×
20141.8×1.6×2.0×
20131.9×1.7×2.1×
20121.8×1.6×1.8×
20111.7×1.6×1.7×

Against its peers

Companies in Regulated Water nearest H2O America's size, closest first, today.

CompanyPrice to book ratio
HTOH2O America1.3×
CWTCalifornia Water Service1.6×
AWRAmerican States Water3.0×
MSEXMiddlesex Water2.0×
YORWYork Water1.8×
WTRGEssential Utilities1.7×
CWCOConsolidated Water2.0×
ARTNAArtesian Resources1.4×
PCYOPure Cycle1.7×
Peer median1.7×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on H2O America

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.