Question 1

What is California Water Service Group's P/FCF ratio?

Accepted Answer

California Water Service Group (CWT) P/FCF ratio is currently not available. When trailing twelve-month free cash flow is negative — common during heavy capex cycles or operating losses — P/FCF is reported as N/A and analysts switch to P/S or EV/EBITDA.

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. 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/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for California Water Service Group?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For California Water Service Group specifically, the relevant sector benchmark is the current sector median of 32.9×.

Question 5

What is California Water Service Group's historical P/FCF ratio range?

Accepted Answer

In the available daily series, California Water Service Group (CWT) P/FCF ratio has ranged from a low of 69.1× in 2014 to a high of 3385.9× in 2005.

Question 6

What was California Water Service Group's P/FCF ratio in 2013?

Accepted Answer

California Water Service Group (CWT) P/FCF ratio at the end of 2013 was 929.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 7

Why does California Water Service Group's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). 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.

Question 8

Why is California Water Service Group's P/FCF ratio not available?

Accepted Answer

When trailing twelve-month free cash flow is negative — common during heavy capex cycles or operating losses — P/FCF is reported as N/A and analysts switch to P/S or EV/EBITDA.


2025	$2.58B	−$214.43M	—	—	Dec 31, 2025
2024	$2.66B	−$179.93M	—	—	Dec 31, 2024
2023	$2.99B	−$165.93M	—	—	Dec 31, 2023
2022	$3.34B	−$83.98M	—	—	Dec 31, 2022
2021	$3.82B	−$61.48M	—	—	Dec 31, 2021
2020	$2.70B	−$180.73M	—	—	Dec 31, 2020
2019	$2.49B	−$104.98M	—	—	Dec 31, 2019
2018	$2.29B	−$92.69M	—	—	Dec 31, 2018
2017	$2.18B	−$111.35M	—	—	Dec 31, 2017
2016	$1.63B	−$69.24M	—	—	Dec 31, 2016
2015	$1.11B	−$32.20M	—	—	Dec 31, 2015
2014	$1.18B	−$3.88M	—	—	Dec 31, 2014
2013	$1.10B	$1.19M	929.4×	+747.8×	Dec 31, 2013
2012	$769.01M	$4.23M	181.7×	—	Dec 31, 2012
2011	$763.61M	−$7.27M	—	—	Dec 31, 2011
2010	$776.60M	−$48.42M	—	—	Dec 31, 2010
2009	$764.38M	−$38.18M	—	—	Dec 31, 2009
2008	$961.78M	−$12.07M	—	—	Dec 31, 2008
2007	$765.13M	−$51.29M	—	—	Dec 31, 2007
2006	$824.36M	−$53.45M	—	—	Dec 31, 2006
2005	$702.79M	−$8.26M	—	—	Dec 31, 2005
2004	$691.48M	−$13.16M	—	—	Dec 31, 2004
2003	$463.94M	−$29.82M	—	—	Dec 31, 2003
2002	$358.90M	−$54.95M	—	—	Dec 31, 2002
2001	$391.09M	−$23.46M	—	—	Dec 31, 2001


Eversource Energy (ES)	110.1×
Constellation Energy (CEG)	86.9×
NextEra Energy (NEE)	82.1×
American States Water (AWR)	77.8×
Middlesex Water (MSEX)	63.1×
Vistra (VST)	52.9×
UGI (UGI)	32.9×
GE Vernova (GEV)	31.2×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	11.5×
Avista (AVA)	7.9×

P/FCF Ratio for California Water Service Group (CWT)

P/FCF Ratio daily chart for California Water Service Group (CWT)

Historical P/FCF Ratio for California Water Service Group (CWT) from 2001 to 2025

About P/FCF Ratio at California Water Service Group (CWT)

California Water Service Group P/FCF Ratio by Year

California Water Service Group P/FCF Ratio 2013: 929.4×

California Water Service Group P/FCF Ratio 2012: 181.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

California Water Service Group (CWT) Key Financials

P/FCF Ratio daily chart for California Water Service Group (CWT)

Historical P/FCF Ratio for California Water Service Group (CWT) from 2001 to 2025

About P/FCF Ratio at California Water Service Group (CWT)

California Water Service Group P/FCF Ratio by Year

California Water Service Group P/FCF Ratio 2013: 929.4×

California Water Service Group P/FCF Ratio 2012: 181.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is California Water Service Group's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for California Water Service Group?

+What is California Water Service Group's historical P/FCF ratio range?

+What was California Water Service Group's P/FCF ratio in 2013?

+Why does California Water Service Group's P/FCF ratio change over time?

+Why is California Water Service Group's P/FCF ratio not available?

California Water Service Group (CWT) Key Financials