Pure Cycle (PCYO) Financial Ratios

For fiscal 2025 (fiscal year ended Aug 31, 2025), Pure Cycle had a P/E ratio of 18.55 (down from 22.08), return on equity of 9.6% (up from 9.4%), debt-to-equity of 0.05 (down from 0.05) and a current ratio of 2.72 (down from 4.05). A current ratio of 2.72 means current assets exceed current liabilities.

Pure Cycle Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Aug 2025	Aug 2024	Aug 2023	Aug 2022	Aug 2021
Valuation Ratios
P/E Ratio	18.55	22.08	56.26	25.73	17.77
Forward P/E	200.00	200.00	200.00	200.00	200.00
P/S Ratio	9.32	8.92	18.12	10.76	20.87
P/B Ratio	1.70	1.98	2.24	2.19	3.48
Price/Tangible Book	1.78	2.08	2.37	2.34	3.74
Price/FCF	65.88	-	-	21.27	638.32
Price/OCF	18.47	110.90	-	14.18	103.43
Enterprise Value Ratios
EV/Revenue	9.03	8.45	16.62	10.57	19.73
EV/EBITDA	23.64	16.94	57.33	19.89	47.98
EV/EBIT	30.72	19.84	116.99	24.08	64.11
EV/FCF	63.84	-	-	20.89	603.22
Profitability & Returns
Return on Equity (ROE)	9.62%	9.37%	4.06%	8.92%	21.77%
Return on Assets (ROA)	3.10%	5.45%	0.99%	5.12%	3.18%
Return on Capital Employed (ROCE)	5.10%	8.90%	1.60%	8.50%	5.00%
Leverage & Solvency Ratios
Debt/Equity	0.05	0.05	0.06	0.04	0.00
Debt/EBITDA	0.68	0.49	1.72	0.04	0.00
Debt/FCF	1.84	-	-	0.35	0.22
Liquidity Ratios
Current Ratio	2.72	4.05	4.57	3.49	3.11
Quick Ratio	2.00	2.52	4.25	3.45	1.74
Efficiency Ratios
Asset Turnover	0.17	0.20	0.11	0.19	0.17
Inventory Turnover	1.82	3.35	-	-	9.08
Yield & Distribution Ratios
Earnings Yield	5.39%	4.53%	1.78%	3.89%	5.63%
FCF Yield	1.52%	-0.14%	-3.84%	4.70%	0.16%
Buyback Yield	-0.11%	-0.14%	0.21%	-0.19%	-0.20%

Source: Company financial statements from annual and quarterly filings. Data as of May 31, 2026. Data sources and methodology

Frequently Asked Questions About Pure Cycle Financial Ratios

What is Pure Cycle's P/E ratio?

Pure Cycle's P/E ratio was 18.55 for fiscal 2025 (period ended Aug 31, 2025). It was 22.08 a year earlier.

What is Pure Cycle's return on equity?

Pure Cycle's return on equity (ROE) was 9.6% for fiscal 2025 (period ended Aug 31, 2025). It was 9.4% a year earlier.

What is Pure Cycle's debt-to-equity ratio?

Pure Cycle's debt-to-equity ratio was 0.05 for fiscal 2025 (period ended Aug 31, 2025). It was 0.05 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition