Question 1

What is American Water Works Company's P/B ratio?

Accepted Answer

American Water Works Company (AWK) P/B ratio is 2.2× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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 P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for American Water Works Company?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For American Water Works Company specifically, the relevant sector benchmark is the current sector median of 2.1×.

Question 5

Is American Water Works Company's P/B ratio high or low?

Accepted Answer

American Water Works Company's P/B ratio of 2.2× is below its own 5-year average of 3.0× and above the sector median of 2.1×. That places the current reading at the 1th 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 P/B ratio range?

Accepted Answer

In the available daily series, American Water Works Company (AWK) P/B ratio has ranged from a low of 0.6× in 2006 to a high of 5.1× in 2021. The 5-year average is 3.0× and the 5-year median is 2.7×.

Question 7

What was American Water Works Company's P/B ratio in 2025?

Accepted Answer

American Water Works Company (AWK) P/B ratio at the end of 2025 was 2.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does American Water Works Company's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$10.84B	2.3×	-0.0×	Dec 31, 2025
2024	$24.28B	$10.33B	2.3×	-0.3×	Dec 31, 2024
2023	$25.74B	$9.80B	2.6×	-1.0×	Dec 31, 2023
2022	$27.74B	$7.69B	3.6×	-1.1×	Dec 31, 2022
2021	$34.37B	$7.30B	4.7×	+0.4×	Dec 31, 2021
2020	$27.78B	$6.45B	4.3×	+0.7×	Dec 31, 2020
2019	$22.24B	$6.12B	3.6×	+0.8×	Dec 31, 2019
2018	$16.43B	$5.86B	2.8×	-0.2×	Dec 31, 2018
2017	$16.29B	$5.38B	3.0×	+0.6×	Dec 31, 2017
2016	$12.88B	$5.22B	2.5×	+0.4×	Dec 31, 2016
2015	$10.70B	$5.05B	2.1×	+0.2×	Dec 31, 2015
2014	$9.55B	$4.92B	1.9×	+0.3×	Dec 31, 2014
2013	$7.53B	$4.73B	1.6×	+0.1×	Dec 31, 2013
2012	$6.57B	$4.44B	1.5×	+0.2×	Dec 31, 2012
2011	$5.60B	$4.24B	1.3×	+0.2×	Dec 31, 2011
2010	$4.43B	$4.13B	1.1×	+0.1×	Dec 31, 2010
2009	$3.92B	$4.01B	1.0×	+0.2×	Dec 31, 2009
2008	$3.34B	$4.13B	0.8×	+0.1×	Dec 31, 2008
2007	$3.30B	$4.57B	0.7×	+0.1×	Dec 31, 2007
2006	$3.27B	$5.60B	0.6×	—	Dec 31, 2006
2001	$2.06B	$1.81B	1.1×	-0.0×	Dec 31, 2001
2000	$2.02B	$1.72B	1.2×	+0.0×	Dec 31, 2000
1999	$2.00B	$1.73B	1.2×	-0.1×	Dec 31, 1999
1998	$1.67B	$1.34B	1.3×	—	Dec 31, 1998


MGE Energy (MGEE)	2.1×
New Jersey Resources (NJR)	2.1×
Xcel Energy (XEL)	2.1×
Atmos Energy (ATO)	2.1×
Sempra (SRE)	2.0×
PPL (PPL)	1.9×
Middlesex Water (MSEX)	1.9×
Duke Energy (DUK)	1.9×
Dominion Energy (D)	1.9×
Evergy (EVRG)	1.9×
Pinnacle West Capital (PNW)	1.7×
Exelon (EXC)	1.7×
Essential Utilities (WTRG)	1.7×
Edison International (EIX)	1.6×
Consolidated Edison (ED)	1.6×
Eversource Energy (ES)	1.6×
California Water Service Group (CWT)	1.5×
UGI (UGI)	1.4×
Northwest Natural Holding (NWN)	1.4×
Black Hills (BKH)	1.3×
Artesian Resources (ARTNA)	1.3×
H2O America (HTO)	1.2×
Avista (AVA)	1.2×
PG&E (PCG)	1.2×
Algonquin Power & Utilities (AQN)	1.0×

P/B Ratio for American Water Works Company (AWK)

P/B Ratio daily chart for American Water Works Company (AWK)

Historical P/B Ratio for American Water Works Company (AWK) from 1998 to 2025

About P/B Ratio at American Water Works Company (AWK)

American Water Works Company P/B Ratio by Year

American Water Works Company P/B Ratio 2025: 2.3×

American Water Works Company P/B Ratio 2024: 2.3×

American Water Works Company P/B Ratio 2023: 2.6×

American Water Works Company P/B Ratio 2022: 3.6×

American Water Works Company P/B Ratio 2021: 4.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

American Water Works Company (AWK) Key Financials

P/B Ratio daily chart for American Water Works Company (AWK)

Historical P/B Ratio for American Water Works Company (AWK) from 1998 to 2025

About P/B Ratio at American Water Works Company (AWK)

American Water Works Company P/B Ratio by Year

American Water Works Company P/B Ratio 2025: 2.3×

American Water Works Company P/B Ratio 2024: 2.3×

American Water Works Company P/B Ratio 2023: 2.6×

American Water Works Company P/B Ratio 2022: 3.6×

American Water Works Company P/B Ratio 2021: 4.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is American Water Works Company's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for American Water Works Company?

+Is American Water Works Company's P/B ratio high or low?

+What is American Water Works Company's historical P/B ratio range?

+What was American Water Works Company's P/B ratio in 2025?

+Why does American Water Works Company's P/B ratio change over time?

American Water Works Company (AWK) Key Financials