PCYO
Pure Cycle
PE ratio, current and historical analysis
- Stocks
- Utilities
- NASDAQ: PCYO
- PE Ratio
As of Jun 29, 2026, the Pure Cycle stock's PE ratio is 18.84. This results from the current EPS of $0.58 and stock price of $10.93. The current PE ratio is nearly equal to the average from the previous 4 quarters.
PCYO PE ratio history
The PE ratio of Pure Cycle has averaged 51.6 over the last eight years. The current PE ratio of 18.84 is 63% below the historical average. Over the past eight years, PCYO's PE ratio was at its highest in the Aug 2018 quarter at 562.5, when the stock price was $11.25 and the EPS was $0.02. The lowest value was in the Feb 2021 quarter, when it reached 14.7 with a price of $11.76 and an EPS of $0.8.
Pure Cycle PE ratio by year
Maximum annual increase: 112.98% in 2023
Maximum annual decrease: -90.36% in 2019
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 18.7 | -15.73% | $10.1 | $0.54 |
| 2024 | 22.19 | -59.62% | $10.65 | $0.48 |
| 2023 | 54.95 | 112.98% | $10.99 | $0.2 |
| 2022 | 25.8 | 44.94% | $10.32 | $0.4 |
| 2021 | 17.8 | -48.94% | $14.95 | $0.84 |
| 2020 | 34.86 | -35.74% | $9.76 | $0.28 |
| 2019 | 54.25 | -90.36% | $10.85 | $0.2 |
| 2018 | 562.5 | N/A | $11.25 | $0.02 |
| 2017 | N/A | N/A | $7.25 | -$0.07 |
| 2016 | N/A | N/A | $4.84 | -$0.06 |
| 2015 | N/A | N/A | $5 | -$0.96 |
| 2014 | N/A | N/A | $6.52 | -$0.01 |
| 2013 | N/A | N/A | $5.2 | -$0.17 |
| 2012 | N/A | N/A | $2 | -$0.72 |
| 2011 | N/A | N/A | $2.96 | -$0.26 |
Pure Cycle PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Feb 2026 | 18.22 | -10.33% | $10.57 | $0.58 |
| Nov 2025 | 20.32 | 8.66% | $11.38 | $0.56 |
| Aug 2025 | 18.7 | -3.16% | $10.1 | $0.54 |
| May 2025 | 19.31 | -3.69% | $10.62 | $0.55 |
| Feb 2025 | 20.05 | -24.17% | $11.63 | $0.58 |
| Nov 2024 | 26.44 | 19.15% | $14.54 | $0.55 |
| Aug 2024 | 22.19 | -37.96% | $10.65 | $0.48 |
| May 2024 | 35.77 | 0.45% | $9.3 | $0.26 |
| Feb 2024 | 35.61 | 3.28% | $9.97 | $0.28 |
| Nov 2023 | 34.48 | -37.25% | $10 | $0.29 |
| Aug 2023 | 54.95 | 120.51% | $10.99 | $0.2 |
| May 2023 | 24.92 | -20.99% | $9.72 | $0.39 |
| Feb 2023 | 31.54 | 1.06% | $8.83 | $0.28 |
| Nov 2022 | 31.21 | 20.97% | $10.61 | $0.34 |
| Aug 2022 | 25.8 | -47.49% | $10.32 | $0.4 |
PCYO Price vs fair value
PCYO average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of PCYO is below the 3, 5 and 10-year averages.
PE comparison
With a P/E of 18.84, PCYO is below the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 20.4, Pure Cycle's P/E is 8% lower.
PCYO PE vs peers
PCYO's PE ratio is lower than its peer stocks AWK and AWR, but it is greater than ARTNA's. Pure Cycle is presently trading at a lower PE ratio (18.84) than its peer group average of 21.77.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ARTNA Artesian Resources Corp | 14.99 | $351.24M |
| PCYO Pure Cycle Corp | 18.84 | $263.46M |
| HTO H2O America | 20.89 | $2.55B |
| YORW York Water Co | 20.97 | $499.73M |
| MSEX Middlesex Water Co | 23.35 | $1.04B |
| AWK American Water Works Company Inc | 23.49 | $25.87B |
| AWR American States Water Co | 24.21 | $3.24B |
| CWT California Water Service Group | 24.46 | $2.93B |
| CDZI Cadiz Inc | N/A | $326.25M |
Frequently asked questions
What is Pure Cycle's PE ratio?
As of Jun 29, 2026, PCYO stock has a price to earnings ratio of 18.84.
What is the 3-year average PE ratio for Pure Cycle (PCYO)?
Over the last 3 years, the average price to earnings ratio for PCYO stock is 27.82.
What is the 5-year average PE ratio for Pure Cycle (PCYO)?
Over the last 5 years, the average price to earnings ratio for PCYO stock is 29.17.
What is the highest PE ratio for PCYO?
Over the last eight years, the quarterly PE ratio reached a historic high of 562.5 in the Aug 2018 quarter.
How does the current PE ratio for PCYO compare to its historical average?
PCYO's price to earnings ratio is currently 63% below its 8-year historical average.
How is PCYO's PE ratio calculated (Pure Cycle PE ratio formula)?
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jun 29, 2026), Pure Cycle's stock price is $10.93. The earnings per share for the trailing twelve months (TTM) ending Feb 2026 is $0.58. Therefore, Pure Cycle's P/E ratio for today is 18.84. PE RATIO(18.84) = STOCK PRICE($10.93) / TTM EPS($0.58)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.