BWX Technologies Stock Surges 106.7% with 5.1X P/S Ratio vs. SMR's 23.1X
BWX Technologies shares have climbed 106.7% over the past year, compared with NuScale Power’s 27.2% decline and peers Constellation Energy (10.2%) and GE Vernova (162.9%). BWX trades at a forward 12-month price-to-sales ratio of 5.10X versus NuScale’s 23.13X and the industry average of 6.75X.
1. BWX Technologies One-Year Stock Performance
Over the last 12 months, BWX Technologies shares have increased 106.7%, vastly outperforming NuScale Power’s 27.2% decline and other nuclear energy peers Constellation Energy (10.2%) and GE Vernova (162.9%). This strong rally reflects growing investor confidence in BWX’s nuclear components and services business.
2. Valuation Compared to SMR Peers
BWX currently trades at a forward 12-month price-to-sales (P/S) ratio of 5.10X, well below NuScale Power’s elevated 23.13X and the industry average of 6.75X. The valuation gap suggests potential relative upside for BWX if SMR project delays or cost pressures weigh on higher-multiple peers.
3. Small Modular Reactor Competition Landscape
NuScale Power is set to report Q4 2025 results on February 26 and recently secured its largest SMR deployment program—72 modules with TVA—and expanded its ENTRA1 Energy partnership. As a competitor in nuclear technology, BWX faces both the opportunity of rising clean energy demand and the challenge of NuScale’s NRC-approved SMR leadership.