PCYO Pure Cycle PE ratio, current and historical analysis
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- PE Ratio
As of May 30, 2025, the Pure Cycle stock's PE ratio is 18.31. This results from the current EPS of $0.58 and stock price of $10.62. The P/E ratio has a decrease of 30% from the past four quarters average of 26.1.
PCYO PE ratio history
The PE ratio of Pure Cycle has averaged 57.01 over the last seven years. The current PE ratio of 18.31 is 68% below the historical average. Over the past seven 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 history chart
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 |
|---|---|---|---|---|
| 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 |
| 2010 | N/A | N/A | $3.01 | -$0.27 |
Pure Cycle PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
| May 2022 | 49.13 | -4.64% | $11.3 | $0.23 |
| Feb 2022 | 51.52 | 214.91% | $11.85 | $0.23 |
| Nov 2021 | 16.36 | -8.09% | $14.56 | $0.89 |
| Aug 2021 | 17.8 | 4.46% | $14.95 | $0.84 |
PCYO Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
PCYO average PE ratio chart
The current PE ratio of PCYO is below the 3, 5 and 10-year averages.
PE vs average
PCYO PE vs peers
PCYO's PE ratio is lower than its peer stocks AWK and AWR, but it is greater than HTO's and ARTNA's. Pure Cycle is presently trading at a lower PE ratio (18.31) than its peer group average of 21.88.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ARTNA Artesian Resources Corp | 16.58 | $355.53M |
| HTO H2O America | 17.61 | $1.79B |
| PCYO Pure Cycle Corp | 18.31 | $255.69M |
| CWT California Water Service Group | 20.72 | $2.81B |
| YORW York Water Co | 23.84 | $470.31M |
| MSEX Middlesex Water Co | 24.05 | $1.04B |
| AWR American States Water Co | 24.34 | $3.04B |
| AWK American Water Works Company Inc | 26.04 | $27.88B |
| CDZI Cadiz Inc | N/A | $241.13M |
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Frequently asked questions
What is Pure Cycle's PE ratio?
As of May 30, 2025, PCYO stock has a price to earnings ratio of 18.31.
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 31.18.
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 34.93.
What is the highest PE ratio for PCYO?
Over the last seven 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 68% below its 7-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 (May 30, 2025), Pure Cycle's stock price is $10.62. The earnings per share for the trailing twelve months (TTM) ending Feb 2025 is $0.58. Therefore, Pure Cycle's P/E ratio for today is 18.31. PE RATIO(18.31) = STOCK PRICE($10.62) / TTM EPS($0.58)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.