ESS Tech (GWH) Price to Book (2021 - 2026)
ESS Tech's Price to Book came in at 3.46 for Q1 2026, up 5.9% from 3.27 a year earlier and up 8.6% from the prior quarter.
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Analysis
ESS Tech (GWH) Price to Book (2021 - 2026) Analysis & Trends
For FY2025, ESS Tech's Price to Book was 3.19, up 30.5% from FY2024.
- Going back by year, Price to Book was 2.44 in FY2024 (+27.0%), 1.92 in FY2023 (-29.6%), 2.73 in FY2022 (-41.2%) and 4.64 in FY2021.
- The five-year range for quarterly Price to Book is 1.44 (Q1 2024) to 5.19 (Q2 2025).
- Year-over-year, Price to Book increased in five of the last seven quarters, with growth averaging 40.2%.
- The fastest year-over-year change in Price to Book over five years came in Q2 2025 (growth of 147.8%), and the weakest in Q1 2023 (a decline of 57.1%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 263.36 Bn | 224.44 Bn | 2.36 Bn |
| 2 | Bloom Energy | 84.85 Bn | 76.67 Bn | 355.57 Mn |
| 3 | First Solar | 18.77 Bn | 9.72 Bn | 605.00 Mn |
| 4 | Generac Holdings | 12.79 Bn | 11.62 Bn | 521.81 Mn |
| 5 | Nextpower | 12.78 Bn | 8.68 Bn | 335.85 Mn |
| 6 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn |
| 7 | EnerSys | 7.13 Bn | 5.32 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.42 Bn | -436.70 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.57 Bn | 1.46 Bn | 133.10 Mn |
| 10 | ESS Tech | 5.26 Mn | 5.26 Mn | -7.42 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 3.46 |
| Dec 31, 2025 | 3.19 |
| Jun 30, 2025 | 5.19 |
| Mar 31, 2025 | 3.27 |
| Dec 31, 2024 | 2.44 |
| Sep 30, 2024 | 1.53 |
| Jun 30, 2024 | 2.10 |
| Mar 31, 2024 | 1.44 |
| Dec 31, 2023 | 1.92 |
| Sep 30, 2023 | 2.79 |
| Jun 30, 2023 | 2.35 |
| Mar 31, 2023 | 1.83 |
| Dec 31, 2022 | 2.73 |
| Sep 30, 2022 | 3.95 |
| Jun 30, 2022 | 2.30 |
| Mar 31, 2022 | 4.26 |
| Dec 31, 2021 | 4.64 |
API Access
ESS Tech 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=GWH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "GWH", "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=GWH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();