Question 1

What is American Water Works Company's EV/EBITDA ratio?

Accepted Answer

American Water Works Company (AWK) EV/EBITDA ratio is 14.4× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for American Water Works Company?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For American Water Works Company specifically, the relevant sector benchmark is the current sector median of 12.7×.

Question 5

Is American Water Works Company's EV/EBITDA ratio high or low?

Accepted Answer

American Water Works Company's EV/EBITDA ratio of 14.4× is below its own 5-year average of 17.4× and above the sector median of 12.7×. That places the current reading at the 7th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is American Water Works Company's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, American Water Works Company (AWK) EV/EBITDA ratio has ranged from a low of 2.2× in 2006 to a high of 2817.3× in 2007. The 5-year average is 17.4× and the 5-year median is 16.5×.

Question 7

What was American Water Works Company's EV/EBITDA ratio in 2025?

Accepted Answer

American Water Works Company (AWK) EV/EBITDA ratio at the end of 2025 was 14.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does American Water Works Company's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$25.45B	$2.77B	14.9×	+0.1×	Dec 31, 2025
2024	$24.28B	$2.60B	14.7×	-1.3×	Dec 31, 2024
2023	$25.74B	$2.36B	16.0×	-3.3×	Dec 31, 2023
2022	$27.74B	$2.08B	19.3×	-4.4×	Dec 31, 2022
2021	$34.37B	$1.91B	23.7×	+3.1×	Dec 31, 2021
2020	$27.78B	$1.85B	20.7×	+2.9×	Dec 31, 2020
2019	$22.24B	$1.79B	17.7×	+2.8×	Dec 31, 2019
2018	$16.43B	$1.66B	15.0×	+1.1×	Dec 31, 2018
2017	$16.29B	$1.73B	13.8×	+1.0×	Dec 31, 2017
2016	$12.88B	$1.55B	12.9×	+1.5×	Dec 31, 2016
2015	$10.70B	$1.51B	11.4×	+0.6×	Dec 31, 2015
2014	$9.55B	$1.43B	10.8×	+1.0×	Dec 31, 2014
2013	$7.53B	$1.36B	9.8×	+0.7×	Dec 31, 2013
2012	$6.57B	$1.33B	9.1×	-0.6×	Dec 31, 2012
2011	$5.60B	$1.18B	9.7×	+0.7×	Dec 31, 2011
2010	$4.43B	$1.12B	9.0×	-9.6×	Dec 31, 2010
2009	$3.92B	$504.59M	18.6×	-44.8×	Dec 31, 2009
2008	$3.34B	$135.92M	63.3×	-2753.9×	Dec 31, 2008
2007	$3.30B	$2.94M	2817.3×	+2788.3×	Dec 31, 2007
2006	$3.27B	$253.51M	29.0×	—	Dec 31, 2006
2001	$2.06B	−$22.44M	—	—	Dec 31, 2001
2000	$2.02B	$39.87M	131.5×	+54.3×	Dec 31, 2000
1999	$2.00B	$64.91M	77.1×	—	Dec 31, 1999
1998	$1.67B	−$31.86M	—	—	Dec 31, 1998


FirstEnergy (FE)	12.9×
H2O America (HTO)	12.8×
Southern Company (SO)	12.7×
Vistra (VST)	12.7×
PPL (PPL)	12.7×
Evergy (EVRG)	12.7×
NiSource (NI)	12.6×
Pinnacle West Capital (PNW)	12.5×
New Jersey Resources (NJR)	12.3×
MGE Energy (MGEE)	12.0×
Duke Energy (DUK)	11.9×
Black Hills (BKH)	11.9×
Algonquin Power & Utilities (AQN)	11.8×
Public Service Enterprise Group (PEG)	11.7×
Exelon (EXC)	11.3×
AES (AES)	10.5×
Eversource Energy (ES)	10.3×
Artesian Resources (ARTNA)	9.9×
Avista (AVA)	9.9×
Consolidated Edison (ED)	9.8×
Edison International (EIX)	9.6×
PG&E (PCG)	9.5×
UGI (UGI)	9.3×
Northwest Natural Holding (NWN)	8.9×
Ameren (AEE)	8.1×

EV/EBITDA for American Water Works Company (AWK)

EV/EBITDA daily chart for American Water Works Company (AWK)

Historical EV/EBITDA for American Water Works Company (AWK) from 1998 to 2025

About EV/EBITDA at American Water Works Company (AWK)

American Water Works Company EV/EBITDA by Year

American Water Works Company EV/EBITDA 2025: 14.9×

American Water Works Company EV/EBITDA 2024: 14.7×

American Water Works Company EV/EBITDA 2023: 16.0×

American Water Works Company EV/EBITDA 2022: 19.3×

American Water Works Company EV/EBITDA 2021: 23.7×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

American Water Works Company (AWK) Key Financials

EV/EBITDA daily chart for American Water Works Company (AWK)

Historical EV/EBITDA for American Water Works Company (AWK) from 1998 to 2025

About EV/EBITDA at American Water Works Company (AWK)

American Water Works Company EV/EBITDA by Year

American Water Works Company EV/EBITDA 2025: 14.9×

American Water Works Company EV/EBITDA 2024: 14.7×

American Water Works Company EV/EBITDA 2023: 16.0×

American Water Works Company EV/EBITDA 2022: 19.3×

American Water Works Company EV/EBITDA 2021: 23.7×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is American Water Works Company's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for American Water Works Company?

+Is American Water Works Company's EV/EBITDA ratio high or low?

+What is American Water Works Company's historical EV/EBITDA ratio range?

+What was American Water Works Company's EV/EBITDA ratio in 2025?

+Why does American Water Works Company's EV/EBITDA ratio change over time?

American Water Works Company (AWK) Key Financials