Question 1

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

Accepted Answer

California Water Service Group (CWT) P/S ratio is 3.0× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For California Water Service Group specifically, the relevant sector benchmark is the current sector median of 3.1×.

Question 5

Is California Water Service Group's P/S ratio high or low?

Accepted Answer

California Water Service Group's P/S ratio of 3.0× is below its own 5-year average of 3.4× and below the sector median of 3.1×. That places the current reading at the 36th 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 California Water Service Group's historical P/S ratio range?

Accepted Answer

In the available daily series, California Water Service Group (CWT) P/S ratio has ranged from a low of 1.4× in 2002 to a high of 4.6× in 2022. The 5-year average is 3.4× and the 5-year median is 3.4×.

Question 7

What was California Water Service Group's P/S ratio in 2025?

Accepted Answer

California Water Service Group (CWT) P/S ratio at the end of 2025 was 2.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$2.58B	$1B	2.6×	+0.0×	Dec 31, 2025
2024	$2.66B	$1.04B	2.6×	-1.2×	Dec 31, 2024
2023	$2.99B	$795M	3.8×	-0.2×	Dec 31, 2023
2022	$3.34B	$846M	3.9×	-0.9×	Dec 31, 2022
2021	$3.82B	$791M	4.8×	+1.4×	Dec 31, 2021
2020	$2.7B	$794M	3.4×	-0.1×	Dec 31, 2020
2019	$2.49B	$715M	3.5×	+0.2×	Dec 31, 2019
2018	$2.29B	$691M	3.3×	+0.0×	Dec 31, 2018
2017	$2.18B	$667M	3.3×	+0.6×	Dec 31, 2017
2016	$1.63B	$609M	2.7×	+0.8×	Dec 31, 2016
2015	$1.11B	$588M	1.9×	-0.1×	Dec 31, 2015
2014	$1.18B	$597M	2.0×	+0.1×	Dec 31, 2014
2013	$1.1B	$584M	1.9×	+0.5×	Dec 31, 2013
2012	$769M	$560M	1.4×	-0.1×	Dec 31, 2012
2011	$764M	$502M	1.5×	-0.2×	Dec 31, 2011
2010	$777M	$460M	1.7×	-0.0×	Dec 31, 2010
2009	$764M	$449M	1.7×	-0.6×	Dec 31, 2009
2008	$962M	$410M	2.3×	+0.3×	Dec 31, 2008
2007	$765M	$367M	2.1×	-0.4×	Dec 31, 2007
2006	$824M	$335M	2.5×	+0.3×	Dec 31, 2006
2005	$703M	$321M	2.2×	-0.0×	Dec 31, 2005
2004	$691M	$316M	2.2×	+0.5×	Dec 31, 2004
2003	$464M	$277M	1.7×	+0.3×	Dec 31, 2003
2002	$359M	$263M	1.4×	—	Dec 31, 2002


Evergy (EVRG)	3.2×
Vistra (VST)	3.2×
Dominion Energy (D)	3.1×
Duke Energy (DUK)	3.1×
CenterPoint Energy (CNP)	3.0×
Artesian Resources (ARTNA)	2.9×
H2O America (HTO)	2.7×
CMS Energy (CMS)	2.6×
New Jersey Resources (NJR)	2.5×
Consolidated Edison (ED)	2.4×
MDU Resources Group (MDU)	2.4×
Black Hills (BKH)	2.3×
Pinnacle West Capital (PNW)	2.2×
Exelon (EXC)	2.0×
FirstEnergy (FE)	1.9×
Eversource Energy (ES)	1.9×
Algonquin Power & Utilities (AQN)	1.9×
DTE Energy (DTE)	1.9×
Avista (AVA)	1.7×
Northwest Natural Holding (NWN)	1.7×
PG&E (PCG)	1.5×
Edison International (EIX)	1.4×
UGI (UGI)	1.1×
NRG Energy (NRG)	0.9×
AES (AES)	0.8×

P/S Ratio for California Water Service Group (CWT) 2002-2026

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

Historical P/S Ratio for California Water Service Group (CWT) from 2002 to 2025

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

California Water Service Group P/S Ratio by Year

California Water Service Group P/S Ratio 2025: 2.6×

California Water Service Group P/S Ratio 2024: 2.6×

California Water Service Group P/S Ratio 2023: 3.8×

California Water Service Group P/S Ratio 2022: 3.9×

California Water Service Group P/S Ratio 2021: 4.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

California Water Service Group (CWT) Key Financials