American States Water Company (AWR) is a publicly traded company in the Utilities — Regulated Water industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
American States Water Company (AWR) is an enterprise that, through its various subsidiary entities, delivers fundamental water and electricity services to a broad spectrum of clients, encompassing residential, commercial, and industrial consumers across the United States. Its operations are structured into three main divisions: Water, Electric, and Contracted Services.
Is American States Water Company stock overvalued or undervalued in 2026?
American States Water Company (AWR) trades at 23.1× earnings (P/E), above the median of the 83 utilities companies over $2bn in Kaplio's universe. At the decade median (32.9×) $120 (+42 %); at its sector median (20.7×) $76 (-10 %).
Kaplio overview: American States Water Company
Market cap $3B · 52 weeks $70 – $91 (6 % below the high) · P/E 23.1× · 2027 expected P/E 22.1× · Dividend 2.3 % · 11 years rising · Next earnings November 4, 2026 · expected EPS $1.08 · Closing price, Oct 28 · accounts published Aug 5.
- Valuation: P/E 23.1× (cheap).
- Business: ROE 13.5 % (por encima del rango).
- Balance sheet: Net debt/EBITDA 3.5× (solid).
- Earnings: 3 of 8 (disappointing).
What would it be worth at its usual multiples?
At the decade median (32.9×) $120 (+42 %); at its sector median (20.7×) $76 (-10 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in utilities: 4 of 6 pass
- Regulated ROE (8-12%) 13.5 %, fails.
- 5y EPS growth 7.6 %, borderline.
- 10y dividend growth 8.3 %, passes.
- Net debt / EBITDA 3.5×, passes.
- Interest coverage 4.3×, passes.
- Payout Ratio 57.2 %, passes.
Against its peers (reference peers) — American States Water Company: P/E 23.1×; EV/EBITDA 15.9×; ROIC 6.5 %; $3.3B. H2O America (P/E 21.8×; EV/EBITDA 8.0×; ROIC -39.2 %; $3.0B), California Water Service Group (P/E 21.3×; EV/EBITDA 12.3×; ROIC 3.1 %; $2.9B), Kenon Holdings Ltd. (P/E 29.1×; EV/EBITDA 13.1×; ROIC 1.4 %; $3.4B).
Expensive or cheap against its last ten years?
P/E at each close: today 23.1× · median 32.9× · minimum 19.8× · maximum 54.2× · cheap below 27.4× · expensive above 38.4×. It has been cheaper than today only 12% of the time over its last ten years.
Dividend
tight · Yield 2.3 % ($1.94 per share in 2025) · Years raising it ≥ 11 · 5-year growth +9 % a year · Free cash flow coverage -0.8× · With $1,000 invested today you'd collect $23.40 a year ($1.95 a month).
Profitability
| Return on Equity | 13.50% |
| Return on Invested Capital | 6.45% |
| Return on Assets | 5.16% |
| Gross Margin | 57.02% |
| Operating Margin | 31.85% |
| Net Margin | 20.52% |
Financial Health
| Debt / Equity | 0.71 |
| Current Ratio | 0.98 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.84 |
Price Performance
| 1 month | +4.32% |
| 3 months | -0.19% |
| Year-to-date | +17.94% |
| 1 year | +17.66% |
| 3 years | +10.13% |
| 5 years | -5.90% |
| 10 years | +113.81% |
Dividend History
Paid in the last 12 months: $2.0575 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-08-17 | $0.5455 |
| 2026-05-18 | $0.5040 |
| 2026-02-23 | $0.5040 |
| 2025-11-14 | $0.5040 |
| 2025-08-15 | $0.5040 |
| 2025-05-19 | $0.4655 |
| 2025-02-18 | $0.4655 |
| 2024-11-15 | $0.4655 |
| 2024-08-16 | $0.4655 |
| 2024-05-17 | $0.4300 |
Amounts adjusted for stock splits.
Related companies: MGEE · HTO · RNW · KEN · EE · AVA · CPK · CWT
Explore sector: Utilities · Regulated Water
More sections of AWR: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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