Pure Cycle Corporation (PCYO) P/E Ratio History
UndervaluedTrading at 20.7x vs 5Y avg 28.6x · 40th percentile · Below historical baseline · Data 2001–2026
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P/E Ratio Analysis
As of June 23, 2026, Pure Cycle Corporation (PCYO) trades at a price-to-earnings ratio of 20.7x, with a stock price of $11.17 and trailing twelve-month earnings per share of $0.58.
The current P/E is 28% below its 5-year average of 28.6x. Over the past five years, PCYO's P/E has ranged from a low of 16.4x to a high of 55.4x, placing the current valuation at the 40th percentile of its historical range.
Compared to the Utilities sector median P/E of 19.1x, PCYO is roughly in line with its sector peers. The sector includes 111 companies with P/E ratios ranging from 0.0x to 169.3x.
The PEG ratio of 1.46 (P/E divided by 13% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, PCYO trades roughly in line with the S&P 500 median P/E of 24.3x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our PCYO DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
PCYO Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
PCYO P/E vs Peers
Water Rights and Resource Development peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $962M | 21.9 | 13.79 | -4% | |
| $425M | 21.2 | 11.66 | -2% | |
| $331M | 14.5Lowest | 3.39 | +12%Best | |
| $198M | 62.7 | 3.67 | -54% | |
| $3B | 23.0 | 2.99 | +6% | |
| $3B | 21.0 | 11.92 | -34% | |
| $24B | 21.9 | 2.78 | +6% | |
| $10B | 16.7 | 1.15Best | +1% | |
| $27B | 28.5 | 1.24 | +7% | |
| $5B | 32.1 | 3.68 | -16% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
PCYO Historical P/E Data (2001–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | Feb 28 2026 | $10.57 | $0.58 | 18.1x | -75% |
| FY2026 Q1 | Nov 30 2025 | $11.38 | $0.57 | 20.1x | -73% |
| FY2025 Q4 | Aug 31 2025 | $10.10 | $0.54 | 18.8x | -74% |
| FY2025 Q3 | May 31 2025 | $10.62 | $0.56 | 19.1x | -74% |
| FY2025 Q2 | Feb 28 2025 | $11.63 | $0.58 | 19.9x | -73% |
| FY2025 Q1 | Nov 30 2024 | $14.54 | $0.55 | 26.2x | -64% |
| FY2024 Q4 | Aug 31 2024 | $10.65 | $0.48 | 22.2x | -70% |
| FY2024 Q3 | May 31 2024 | $9.30 | $0.25 | 36.6x | -50% |
| FY2024 Q2 | - | $9.97 | $0.27 | 36.3x | -51% |
| FY2024 Q1 | - | $10.00 | $0.28 | 36.1x | -51% |
| FY2023 Q4 | - | $10.99 | $0.20 | 55.4x | -25% |
| FY2023 Q3 | May 31 2023 | $9.72 | $0.38 | 25.3x | -66% |
| FY2023 Q2 | - | $8.83 | $0.28 | 31.6x | -57% |
| FY2023 Q1 | Nov 30 2022 | $10.61 | $0.34 | 31.1x | -58% |
| FY2022 Q4 | Aug 31 2022 | $10.32 | $0.39 | 26.1x | -65% |
| FY2022 Q3 | - | $11.30 | $0.24 | 46.9x | -36% |
| FY2022 Q2 | Feb 28 2022 | $11.85 | $0.24 | 50.2x | -32% |
| FY2022 Q1 | - | $14.56 | $0.89 | 16.4x | -78% |
| FY2021 Q4 | - | $14.95 | $0.87 | 17.3x | -77% |
| FY2021 Q3 | May 31 2021 | $14.14 | $0.82 | 17.3x | -77% |
| FY2021 Q2 | Feb 28 2021 | $11.76 | $0.79 | 14.9x | -80% |
| FY2021 Q1 | Nov 30 2020 | $9.54 | $0.08 | 119.4x | +62% |
| FY2020 Q4 | Aug 31 2020 | $9.76 | $0.28 | 34.9x | -53% |
| FY2020 Q3 | May 31 2020 | $10.16 | $0.38 | 26.7x | -64% |
| FY2020 Q2 | Feb 29 2020 | $12.37 | $0.43 | 28.8x | -61% |
| FY2020 Q1 | Nov 30 2019 | $12.42 | $0.42 | 29.9x | -59% |
| FY2019 Q4 | Aug 31 2019 | $10.85 | $0.21 | 52.7x | -29% |
| FY2019 Q3 | May 31 2019 | $9.42 | $0.09 | 103.5x | +40% |
| FY2019 Q2 | - | $10.14 | $0.04 | 234.2x | +218% |
| FY2019 Q1 | Nov 30 2018 | $10.50 | $0.05 | 203.9x | +177% |
| FY2018 Q4 | Aug 31 2018 | $11.25 | $0.02 | 646.6x | +777% |
| FY2015 Q3 | May 31 2015 | $5.24 | $0.06 | 95.1x | +29% |
| FY2015 Q2 | Feb 28 2015 | $4.61 | $0.04 | 121.3x | +65% |
| FY2015 Q1 | Nov 30 2014 | $5.28 | $0.02 | 233.6x | +217% |
| FY2001 Q3 | - | $0.80 | $0.01 | 62.5x | -15% |
Average P/E for displayed period: 73.7x
Intrinsic Valuation
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Historical Returns
25+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
PCYO — Frequently Asked Questions
Quick answers to the most common questions about buying PCYO stock.
What is PCYO's P/E ratio?
Pure Cycle Corporation (PCYO) trailing twelve-month P/E ratio is 20.7x, based on TTM diluted EPS of $0.58. The 5-year average P/E is 28.6x and the historical range spans 16.4x to 55.4x.
Is PCYO stock overvalued or undervalued?
PCYO trades at 20.7x P/E, below its 5-year average of 28.6x. At the 40th percentile of its historical range (16.4x–55.4x), the stock is priced at a discount to its own history.
Is PCYO stock expensive?
No, PCYO is not expensive on a historical basis. The current P/E of 20.7x is below the 5-year average of 28.6x and sits at the 40th percentile of its valuation range.
What is PCYO's historical P/E range?
Over the past 5 years, PCYO's P/E ratio has ranged from 16.4x to 55.4x, with a median of 26.1x and an average of 28.6x. The current P/E of 20.7x places the stock at the 40th percentile of this range. Full historical data spans 2001–2026.
How does PCYO's P/E compare to the S&P 500?
PCYO trades at 20.7x P/E versus the S&P 500 median of 24.3x. The 15% discount to the market suggests lower growth expectations or perceived higher risk.
How does PCYO's valuation compare to Utilities peers?
Pure Cycle Corporation P/E of 20.7x compares to the Utilities sector median of 19.1x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is PCYO's PEG ratio?
PCYO PEG ratio is 1.46, based on a P/E of 20.7x and EPS growth of 12.5%. A PEG between 1 and 2 suggests valuation aligns with growth expectations — typically considered fair.
What is PCYO's earnings yield?
PCYO earnings yield is 4.83%, the inverse of its 20.7x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.