Question 1

What is H2O America's P/S ratio?

Accepted Answer

H2O America (HTO) P/S ratio is 2.7× as of June 5, 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 H2O America?

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 H2O America specifically, the relevant sector benchmark is the current sector median of 3.1×.

Question 5

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

Accepted Answer

H2O America's P/S ratio of 2.7× is below its own 5-year average of 3.0× and below the sector median of 3.1×. 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/S ratio range?

Accepted Answer

In the available daily series, H2O America (HTO) P/S ratio has ranged from a low of 1.6× in 2003 to a high of 4.9× in 2019. The 5-year average is 3.0× and the 5-year median is 2.9×.

Question 7

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

Accepted Answer

H2O America (HTO) P/S ratio at the end of 2025 was 2.2×. 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 H2O America'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	$1.76B	$800.59M	2.2×	-0.0×	Dec 31, 2025
2024	$1.65B	$748.44M	2.2×	-0.9×	Dec 31, 2024
2023	$2.09B	$670.36M	3.1×	-0.9×	Dec 31, 2023
2022	$2.47B	$620.70M	4.0×	+0.2×	Dec 31, 2022
2021	$2.19B	$573.69M	3.8×	+0.3×	Dec 31, 2021
2020	$1.98B	$564.53M	3.5×	-1.3×	Dec 31, 2020
2019	$2.02B	$420.48M	4.8×	+1.6×	Dec 31, 2019
2018	$1.28B	$397.70M	3.2×	-0.1×	Dec 31, 2018
2017	$1.30B	$389.23M	3.3×	-0.0×	Dec 31, 2017
2016	$1.15B	$339.71M	3.4×	+1.4×	Dec 31, 2016
2015	$604.33M	$305.08M	2.0×	-0.1×	Dec 31, 2015
2014	$651.01M	$319.67M	2.0×	-0.1×	Dec 31, 2014
2013	$600.69M	$276.87M	2.2×	+0.3×	Dec 31, 2013
2012	$496.65M	$261.55M	1.9×	+0.1×	Dec 31, 2012
2011	$439.33M	$238.96M	1.8×	-0.4×	Dec 31, 2011
2010	$490.60M	$215.64M	2.3×	+0.3×	Dec 31, 2010
2009	$417.33M	$216.10M	1.9×	-0.6×	Dec 31, 2009
2008	$551.40M	$220.35M	2.5×	-0.6×	Dec 31, 2008
2007	$635.92M	$206.60M	3.1×	-0.7×	Dec 31, 2007
2006	$708.40M	$189.24M	3.7×	+1.4×	Dec 31, 2006
2005	$414.08M	$180.10M	2.3×	+0.3×	Dec 31, 2005
2004	$331.26M	$166.91M	2.0×	-0.1×	Dec 31, 2004
2003	$312.38M	$150.27M	2.1×	+0.4×	Dec 31, 2003
2002	$237.56M	$145.65M	1.6×	-0.3×	Dec 31, 2002
2001	$259.81M	$136.08M	1.9×	—	Dec 31, 2001


Evergy (EVRG)	3.2×
Vistra (VST)	3.2×
Dominion Energy (D)	3.1×
PPL (PPL)	3.1×
Duke Energy (DUK)	3.1×
CenterPoint Energy (CNP)	3.0×
Artesian Resources (ARTNA)	2.9×
California Water Service Group (CWT)	2.7×
CMS Energy (CMS)	2.6×
New Jersey Resources (NJR)	2.5×
Consolidated Edison (ED)	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 H2O America (HTO)

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

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

About P/S Ratio at H2O America (HTO)

H2O America P/S Ratio by Year

H2O America P/S Ratio 2025: 2.2×

H2O America P/S Ratio 2024: 2.2×

H2O America P/S Ratio 2023: 3.1×

H2O America P/S Ratio 2022: 4.0×

H2O America P/S Ratio 2021: 3.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

H2O America (HTO) Key Financials

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

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

About P/S Ratio at H2O America (HTO)

H2O America P/S Ratio by Year

H2O America P/S Ratio 2025: 2.2×

H2O America P/S Ratio 2024: 2.2×

H2O America P/S Ratio 2023: 3.1×

H2O America P/S Ratio 2022: 4.0×

H2O America P/S Ratio 2021: 3.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

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

+How is the P/S ratio calculated?

+What is the P/S ratio?

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

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

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

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

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

H2O America (HTO) Key Financials