Question 1

What is H2O America's P/E ratio?

Accepted Answer

H2O America (HTO) P/E ratio is 21.1× as of June 5, 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 H2O America?

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 H2O America specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

Is H2O America's P/E ratio high or low?

Accepted Answer

H2O America's P/E ratio of 21.1× is below its own 5-year average of 25.2× and below the sector median of 21.4×. That places the current reading at the 40th 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 H2O America's historical P/E ratio range?

Accepted Answer

In the available daily series, H2O America (HTO) P/E ratio has ranged from a low of 10.7× in 2014 to a high of 86.4× in 2019. The 5-year average is 25.2× and the 5-year median is 22.9×.

Question 7

What was H2O America's P/E ratio in 2025?

Accepted Answer

H2O America (HTO) P/E ratio at the end of 2025 was 17.1×. 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 H2O America'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	$1.76B	$102.58M	17.1×	-0.4×	Dec 31, 2025
2024	$1.65B	$93.97M	17.5×	-7.1×	Dec 31, 2024
2023	$2.09B	$84.99M	24.6×	-9.0×	Dec 31, 2023
2022	$2.47B	$73.58M	33.6×	-2.6×	Dec 31, 2022
2021	$2.19B	$60.49M	36.2×	+4.0×	Dec 31, 2021
2020	$1.98B	$61.59M	32.2×	-54.2×	Dec 31, 2020
2019	$2.02B	$23.40M	86.4×	+53.3×	Dec 31, 2019
2018	$1.28B	$38.77M	33.1×	+11.1×	Dec 31, 2018
2017	$1.30B	$59.20M	22.0×	+0.3×	Dec 31, 2017
2016	$1.15B	$52.84M	21.7×	+5.7×	Dec 31, 2016
2015	$604.33M	$37.88M	16.0×	+3.4×	Dec 31, 2015
2014	$651.01M	$51.81M	12.6×	-14.3×	Dec 31, 2014
2013	$600.69M	$22.38M	26.8×	+4.6×	Dec 31, 2013
2012	$496.65M	$22.32M	22.3×	+1.2×	Dec 31, 2012
2011	$439.33M	$20.88M	21.0×	+0.9×	Dec 31, 2011
2010	$490.60M	$24.41M	20.1×	-7.4×	Dec 31, 2010
2009	$417.33M	$15.17M	27.5×	+1.8×	Dec 31, 2009
2008	$551.40M	$21.46M	25.7×	-7.2×	Dec 31, 2008
2007	$635.92M	$19.32M	32.9×	+14.5×	Dec 31, 2007
2006	$708.40M	$38.58M	18.4×	-0.6×	Dec 31, 2006
2005	$414.08M	$21.84M	19.0×	+2.2×	Dec 31, 2005
2004	$331.26M	$19.79M	16.7×	+0.0×	Dec 31, 2004
2003	$312.38M	$18.68M	16.7×	+0.0×	Dec 31, 2003
2002	$237.56M	$14.23M	16.7×	-3.5×	Dec 31, 2002
2001	$259.81M	$12.86M	20.2×	—	Dec 31, 2001


Alliant Energy (LNT)	22.5×
American States Water (AWR)	22.1×
Middlesex Water (MSEX)	21.8×
Evergy (EVRG)	21.4×
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 H2O America (HTO)

P/E Ratio daily chart for H2O America (HTO)

Historical P/E Ratio for H2O America (HTO) from 2001 to 2025

About P/E Ratio at H2O America (HTO)

H2O America P/E Ratio by Year

H2O America P/E Ratio 2025: 17.1×

H2O America P/E Ratio 2024: 17.5×

H2O America P/E Ratio 2023: 24.6×

H2O America P/E Ratio 2022: 33.6×

H2O America P/E Ratio 2021: 36.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

H2O America (HTO) Key Financials

P/E Ratio daily chart for H2O America (HTO)

Historical P/E Ratio for H2O America (HTO) from 2001 to 2025

About P/E Ratio at H2O America (HTO)

H2O America P/E Ratio by Year

H2O America P/E Ratio 2025: 17.1×

H2O America P/E Ratio 2024: 17.5×

H2O America P/E Ratio 2023: 24.6×

H2O America P/E Ratio 2022: 33.6×

H2O America P/E Ratio 2021: 36.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is H2O America's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for H2O America?

+Is H2O America's P/E ratio high or low?

+What is H2O America's historical P/E ratio range?

+What was H2O America's P/E ratio in 2025?

+Why does H2O America's P/E ratio change over time?

H2O America (HTO) Key Financials