What is Northwest Pipe's price / book?

Northwest Pipe (NWPX) reported price / book of 1.8× in Q1 2026.

How has Northwest Pipe's price / book changed year-over-year?

Northwest Pipe's price / book increased by 70.3% year-over-year, from 1.1× to 1.8×.

What is the long-term trend for Northwest Pipe's price / book?

Over 5 years (2020 to 2025), Northwest Pipe's price / book has grown at a 8.0% compound annual growth rate (CAGR), from 1× to 1.5×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Northwest Pipe NWPX Price / book

Price / book at other companies

CRHCRH

3×+0.2×

Advanced Drainage SystemsWMS

5.7×+0.2×

Core & MainCNM

4.6×-1.1×

Select Water SolutionsWTTR

1.9×+0.5×

WBI

WaterBridge Infrastructure LLCWBI

1.8×—

Worthington EnterprisesWOR

2.8×+0.5×

Other financials

Income statement

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Revenue$138.3M+19.1%

Gross profit$26.7M+37.7%

Operating income$12.7M+127%

Net income$10.5M+166%

EPS (diluted)$1.08+177%

Balance sheet

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Cash & equivalents$14.3M+170%

Total debt$102.4M-0.8%

Total equity$403.7M+6.7%

Total assets$634.1M+8.9%

Cash flow

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Operating cash flow$29.3M+504%

CapEx$3.5M-5.5%

Free cash flow$25.8M+2,090%

Valuation

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Market cap$1.38B+263%

Enterprise value$1.47B+207%

P/E33×+21.4×

P/S2.5×+1.8×

Profitability

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Gross margin20.2%+1.1pp

Operating margin10.6%+1.5pp

Net margin7.7%+1.0pp

FCF margin13.1%-0.3pp

Returns & leverage

See full

Return on equity10.7%+1.6pp

Debt / equity0.3×0.0×

Current ratio2.7×-1.3×

Where this comes from

Calculated from Northwest Pipe’s reported figures.

market cap/total stockholders equity=1.8×

Based on the most recent quarter.

The official record: Northwest Pipe’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northwest Pipe's price / book?: Northwest Pipe (NWPX) reported price / book of 1.8× in Q1 2026.
How has Northwest Pipe's price / book changed year-over-year?: Northwest Pipe's price / book increased by 70.3% year-over-year, from 1.1× to 1.8×.
What is the long-term trend for Northwest Pipe's price / book?: Over 5 years (2020 to 2025), Northwest Pipe's price / book has grown at a 8.0% compound annual growth rate (CAGR), from 1× to 1.5×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.