California Water Service Group (CWT) Valuation — DCF, Graham & Comparables

California Water Service Group (CWT) — Price $48.50 (closing price, October 30, 2026) — Utilities — Regulated Water — NYSE

Latest reported results:

Valuation dashboard for California Water Service Group (CWT) with P/E 21.68, P/B 1.56, EV/EBITDA 11.84 and dividend yield 2.74%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Utilities companies.

California Water Service Group (CWT), through its various subsidiaries, operates as a water utility, delivering essential water services and related offerings across several states, including California, Washington, New Mexico, Hawaii, and Texas. The company's operations encompass the entire water supply chain, from procuring, storing, treating, and rigorously testing water to its widespread distribution and ultimate sale.

Analysis Summary

California Water Service Group reported revenue of $1.00B in the most recent fiscal year, growing at a 5-year CAGR of 4.7%. Net income reached $128.2M, with a 5.8% 5-year CAGR.

Trailing-twelve-month margins: gross margin 53.7%, operating margin 20.4%, net margin 12.8%.

At $48.50 (closing price, October 30, 2026), CWT trades at a P/E of 21.68 and an ROE of 7.64%. Market capitalisation stands at $3.0B.

Balance sheet quality for CWT: current ratio of 0.8. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio21.68
Price / Book1.56
EV / EBITDA11.84
Dividend Yield2.74%

Valuation Models

DCF Fair Value$-57.52
vs Current Price-218.6%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
CWTCalifornia Water Service Group$3.0B21.681.567.6%
MGEEMGE Energy, Inc.$2.8B18.121.9211.1%
HTOH2O America$2.9B21.041.145.7%
RNWReNew Energy Global Plc$2.5B20.901.819.0%
KENKenon Holdings Ltd.$3.3B28.492.147.8%
EEExcelerate Energy, Inc.$4.0B24.391.636.9%
AVAAvista Corporation$3.1B13.511.108.3%
CPKChesapeake Utilities Corporation$3.3B21.761.969.3%

Price

Price$48.50 (closing price, October 30, 2026)
Market Cap$3.0B
ExchangeNYSE
CountryUS

Profitability

Return on Equity7.64%
Return on Invested Capital3.20%
Return on Assets2.26%
Gross Margin53.68%
Operating Margin20.45%
Net Margin12.78%

Related companies: MGEE · HTO · RNW · KEN · EE · AVA · CPK · AWR

Explore sector: Utilities · Regulated Water

More sections of CWT: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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