SuperworthNorthWestern Energy price to book ratio NWE
Market value divided by the book value of the company's net assets, since 2023.
- Today, Oct 23, 2026
- 1.6×
- 3-year median
- 1.2×
- Against its 3-year history
- 99th
- percentile: 0 is its lowest day, 100 its highest
- 3-year range
- 1.0× to 1.6×
- Peer median
- 1.8×
NorthWestern Energy's price to book ratio is 1.6× as of Oct 23, 2026.
That is above its 3-year median of 1.2×, higher than on 99% of days in the last 3 years.
Over that time it ranged from 1.0× in Oct 2023 to 1.6× in Oct 2026.
The median for 10 electric utilities of a similar size is 1.8×.
Price to book ratio over time
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 1.6× | 1.4× | 1.6× |
| 2025 | 1.4× | 1.1× | 1.5× |
| 2024 | 1.2× | 1.1× | 1.3× |
| 2023 | 1.1× | 1.0× | 1.2× |
Against its peers
Companies in Regulated Electric nearest NorthWestern Energy's size, closest first, today.
| Company | Price to book ratio |
|---|---|
| NWENorthWestern Energy | 1.6× |
| PORPortland General Electric | 1.3× |
| ORAOrmat Technologies | 2.1× |
| OTTROtter Tail | 2.0× |
| TXNMTXNM Energy | 1.7× |
| BKHBlack Hills | 1.5× |
| AVAAvista | 1.1× |
| IDAIdacorp | 2.2× |
| OGEOGE Energy | 2.0× |
| PNWPinnacle West Capital | 1.8× |
| HEHawaiian Electric Industries | 0.8× |
| Peer median | 1.8× |
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 NorthWestern Energy
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.