Ballard Power Systems (BLDP) Price to Book (2009 - 2026)
Ballard Power Systems' (BLDP) Price to Book stood at 2.09 in the quarter ended Jun 30, 2026, up 178.8% from 0.75 a year earlier and up 66.0% from the prior quarter.
Powered by 
Analysis
Ballard Power Systems (BLDP) Price to Book (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Ballard Power Systems' Price to Book came in at 1.30, up 75.3% from the prior year.
- Across earlier years, Price to Book came in at 0.74 in the year ended Dec 31, 2024 (-33.8%), 1.12 in the year ended Dec 31, 2023 (-9.5%), 1.23 in the year ended Dec 31, 2022 (-56.2%) and 2.82 in the year ended Dec 31, 2021 (-61.6%).
- The figure for the quarter ended Jun 30, 2026 is the highest quarterly Price to Book since the quarter ended Mar 31, 2022.
- On a year-over-year basis, Price to Book has increased for five consecutive quarters, with growth averaging 47.7% over the last eight quarters.
- Peak year-over-year performance for Price to Book in the last five years was growth of 178.8% in the quarter ended Jun 30, 2026, against a decline of 61.6% in the quarter ended Dec 31, 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 1.26 (quarter ended Mar 31, 2026), 1.30 (quarter ended Dec 31, 2025) and 1.35 (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 220.30 Bn | 180.22 Bn | 2.36 Bn |
| 2 | Bloom Energy | 61.86 Bn | 53.65 Bn | 355.57 Mn |
| 3 | First Solar | 18.35 Bn | 9.30 Bn | 605.00 Mn |
| 4 | BWX Technologies | 11.69 Bn | 9.99 Bn | 202.31 Mn |
| 5 | Nextpower | 11.65 Bn | 7.55 Bn | 335.85 Mn |
| 6 | Generac Holdings | 11.04 Bn | 9.87 Bn | 521.81 Mn |
| 7 | EnerSys | 6.15 Bn | 4.35 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.12 Bn | -735.94 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.64 Bn | 1.48 Bn | 133.10 Mn |
| 10 | Ballard Power Systems | 447.23 Mn | -1.64 Bn | 4.08 Mn |
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 |
API Access
Ballard Power Systems Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=BLDP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "BLDP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=BLDP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();