Ballard Power Systems (BLDP) Price to Book (2009 - 2026)
Ballard Power Systems' (BLDP) quarterly Price to Book came in at 2.09 in Q2 2026, up 178.84% year-over-year from 0.75 in Q2 2025, and up 65.97% quarter-over-quarter from 1.26 in Q1 2026.
Analysis
Ballard Power Systems (BLDP) Price to Book (2009 - 2026) Analysis & Trends
Ballard Power Systems (BLDP) has reported Price to Book for 18 consecutive years, with 2.09 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Price to Book rose 178.84% year-over-year to 2.09 in Q2 2026; TTM through Jun 2026 was 2.09, a 178.84% increase from a year earlier, with the FY2025 full-year figure at 1.3, up 75.34% from the prior year.
- Price to Book was 2.09 for Q2 2026 at Ballard Power Systems, up from 1.26 in the prior quarter.
- Over five years, Price to Book peaked at 2.7 in Q1 2022 and troughed at 0.5 in Q1 2025.
- A 5-year average of 1.23 and a median of 1.21 in 2023 frame the typical range for Price to Book.
- Across the five-year window, Price to Book sank 60.68% in 2022 and jumped 178.84% in 2026, its largest moves.
- Over 5 years, Price to Book stood at 1.23 in 2022, then declined by 9.52% to 1.12 in 2023, then plunged by 33.81% to 0.74 in 2024, then jumped by 75.34% to 1.3 in 2025, then soared by 61.41% to 2.09 in 2026.
- The last three Price to Book figures came in at 2.09 (Q2 2026), 1.26 (Q1 2026), and 1.3 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bloom Energy | 77.62 Bn | 74.95 Bn | 355.57 Mn |
| 2 | Fuelcell Energy | 35.19 Bn | 34.53 Bn | -24.50 Mn |
| 3 | Ballard Power Systems | 706.87 Mn | 201.72 Mn | 4.08 Mn |
| 4 | Sunhydrogen | 93.29 Mn | 93.29 Mn | -45,724.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.09 |
| Mar 31, 2026 | 1.26 |
| Dec 31, 2025 | 1.30 |
| Sep 30, 2025 | 1.35 |
| Jun 30, 2025 | 0.75 |
| Mar 31, 2025 | 0.50 |
| Dec 31, 2024 | 0.74 |
| Sep 30, 2024 | 0.75 |
| Jun 30, 2024 | 0.73 |
| Mar 31, 2024 | 0.87 |
| Dec 31, 2023 | 1.12 |
| Sep 30, 2023 | 1.06 |
| Jun 30, 2023 | 1.19 |
| Mar 31, 2023 | 1.47 |
| Dec 31, 2022 | 1.23 |
| Sep 30, 2022 | 1.53 |
| Jun 30, 2022 | 1.52 |
| Mar 31, 2022 | 2.70 |
| Dec 31, 2021 | 2.82 |
| Sep 30, 2021 | 3.07 |