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Friday 6 November 2026 Export PLUG’s income statement to Excel — free account

Plug Power, Inc.

PLUG Industrials Electrical Equipment & Parts

Plug Power, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $709.9 million, up 12.9% from fiscal 2024.

Revenue
+2.49%
EPS
+30.0%
Free cash flow
+56.9%
Total debt
+52.6%

Quarter to June 2026, against a year earlier

1.41 0.06 +4.44%
Market cap
$1.9B
P/E
0.0×
Fwd P/E
−3.5×
Dividend yield
—
F-score
4/9
Altman Z
−4.81
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Plug Power, Inc. (PLUG) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Plug Power, Inc. (PLUG) trades at a P/B ratio of 3.2×. Over the past ten years it has ranged from 0.0× (December 2019) to 211× (March 2019); the current reading is higher than 62% of that period. That is above the Electrical Equipment & Parts industry median of 2.5× and above the Industrials sector median of 2.2×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.3× 143.41%
FY2024 0.9× (1.92%)
FY2023 0.9× (45.77%)
FY2022 1.7× (49.17%)
FY2021 3.4× (58.28%)
FY2020 8.2× 42.17%
FY2019 5.8× (94.23%)
FY2018 100× 1,307.26%
FY2017 7.1× 176.78%
FY2016 2.6× (13.76%)

Quarterly newest first

Period P/B ratio Change
Jun 2026 6.4× 58.18%
Mar 2026 4.1× 80.25%
Dec 2025 2.3× 25.00%
Sep 2025 1.8× 89.26%
42 more quarters

Against its own ten years

Low 0.0× High 211×
Ten-year median 2.9×
Current reading's percentile 55

P/B ratio against peers

Company P/B ratio
FCEL FuelCell Energy, Inc. compare 0.6×
HAYW Hayward Holdings, Inc. compare 2.2×
PLPC Preformed Line Products Company compare 2.5×
TE T1 Energy Inc compare 3.2×
PLUG Plug Power, Inc. 3.2×
POWL Powell Industries, Inc. compare 6.1×
ENR Energizer Holdings, Inc. compare 8.2×
AMPX Amprius Technologies, Inc. compare 8.7×
FOIL Londian Wason New Energy Tech Inc. - Sponsored ADR compare —
Electrical Equipment & Parts industry median 2.5×
Industrials sector median 2.2×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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