Question 1

What is American States Water's P/E ratio?

Accepted Answer

American States Water (AWR) P/E ratio is 25.6× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for American States Water?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For American States Water specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

Is American States Water's P/E ratio high or low?

Accepted Answer

American States Water's P/E ratio of 25.6× is below its own 5-year average of 29.1× and above the sector median of 21.4×. That places the current reading at the 46th 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 States Water's historical P/E ratio range?

Accepted Answer

In the available daily series, American States Water (AWR) P/E ratio has ranged from a low of 13.2× in 2011 to a high of 46.0× in 2022. The 5-year average is 29.1× and the 5-year median is 26.4×.

Question 7

What was American States Water's P/E ratio in 2025?

Accepted Answer

American States Water (AWR) P/E ratio at the end of 2025 was 21.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does American States Water's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$2.79B	$130M	21.4×	-3.3×	Dec 31, 2025
2024	$2.95B	$119M	24.7×	+0.9×	Dec 31, 2024
2023	$2.97B	$125M	23.8×	-19.8×	Dec 31, 2023
2022	$3.42B	$78.4M	43.6×	+3.1×	Dec 31, 2022
2021	$3.82B	$94.3M	40.5×	+6.6×	Dec 31, 2021
2020	$2.93B	$86.4M	33.9×	-4.0×	Dec 31, 2020
2019	$3.19B	$84M	38.0×	-0.8×	Dec 31, 2019
2018	$2.46B	$63.5M	38.8×	+8.0×	Dec 31, 2018
2017	$2.13B	$69M	30.8×	+2.8×	Dec 31, 2017
2016	$1.67B	$59.4M	28.0×	+2.5×	Dec 31, 2016
2015	$1.54B	$60.1M	25.6×	+1.7×	Dec 31, 2015
2014	$1.45B	$60.7M	23.8×	+5.9×	Dec 31, 2014
2013	$1.11B	$62.2M	17.9×	+0.8×	Dec 31, 2013
2012	$922M	$53.8M	17.1×	+2.8×	Dec 31, 2012
2011	$657M	$45.9M	14.3×	-5.0×	Dec 31, 2011
2010	$643M	$33.2M	19.4×	-2.9×	Dec 31, 2010
2009	$657M	$29.5M	22.2×	-3.7×	Dec 31, 2009
2008	$571M	$22M	25.9×	+2.8×	Dec 31, 2008
2007	$650M	$28M	23.2×	-5.4×	Dec 31, 2007
2006	$659M	$23.1M	28.5×	+9.2×	Dec 31, 2006
2005	$518M	$26.8M	19.3×	-4.2×	Dec 31, 2005
2004	$436M	$18.5M	23.5×	-8.5×	Dec 31, 2004
2003	$381M	$11.9M	32.0×	+14.7×	Dec 31, 2003
2002	$351M	$20.3M	17.3×	—	Dec 31, 2002


MDU Resources Group (MDU)	22.5×
Middlesex Water (MSEX)	21.8×
Evergy (EVRG)	21.4×
H2O America (HTO)	21.2×
CMS Energy (CMS)	21.1×
Essential Utilities (WTRG)	20.5×
Ameren (AEE)	19.9×
Duke Energy (DUK)	19.8×
MGE Energy (MGEE)	19.8×
American Electric Power Company (AEP)	19.4×
Consolidated Edison (ED)	19.1×
Pinnacle West Capital (PNW)	18.7×
Dominion Energy (D)	18.3×
Black Hills (BKH)	18.2×
Exelon (EXC)	18.1×
Public Service Enterprise Group (PEG)	17.8×
Northwest Natural Holding (NWN)	17.7×
New Jersey Resources (NJR)	16.2×
Avista (AVA)	16.0×
Eversource Energy (ES)	14.9×
Artesian Resources (ARTNA)	14.1×
PG&E (PCG)	13.1×
UGI (UGI)	12.2×
Edison International (EIX)	7.6×
AES (AES)	7.5×

P/E Ratio for American States Water (AWR) 2002-2026

P/E Ratio daily chart for American States Water (AWR)

Historical P/E Ratio for American States Water (AWR) from 2002 to 2025

About P/E Ratio at American States Water (AWR)

American States Water P/E Ratio by Year

American States Water P/E Ratio 2025: 21.4×

American States Water P/E Ratio 2024: 24.7×

American States Water P/E Ratio 2023: 23.8×

American States Water P/E Ratio 2022: 43.6×

American States Water P/E Ratio 2021: 40.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

American States Water (AWR) Key Financials