Question 1

What is Essential Utilities's P/E ratio?

Accepted Answer

Essential Utilities (WTRG) P/E ratio is 19.0× 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 Essential Utilities?

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 Essential Utilities specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

Is Essential Utilities's P/E ratio high or low?

Accepted Answer

Essential Utilities's P/E ratio of 19.0× is below its own 5-year average of 22.2× and below the sector median of 21.4×. That places the current reading at the 35th 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 Essential Utilities's historical P/E ratio range?

Accepted Answer

In the available daily series, Essential Utilities (WTRG) P/E ratio has ranged from a low of 15.6× in 2026 to a high of 66.4× in 2019. The 5-year average is 22.2× and the 5-year median is 20.5×.

Question 7

What was Essential Utilities's P/E ratio in 2025?

Accepted Answer

Essential Utilities (WTRG) P/E ratio at the end of 2025 was 17.6×. 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 Essential Utilities'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	$10.86B	$616.37M	17.6×	+0.9×	Dec 31, 2025
2024	$9.98B	$595.31M	16.8×	-3.7×	Dec 31, 2024
2023	$10.20B	$498.23M	20.5×	-6.5×	Dec 31, 2023
2022	$12.54B	$465.24M	27.0×	-5.6×	Dec 31, 2022
2021	$14.05B	$431.61M	32.6×	-9.7×	Dec 31, 2021
2020	$12.03B	$284.85M	42.2×	-6.3×	Dec 31, 2020
2019	$10.90B	$224.54M	48.5×	+16.8×	Dec 31, 2019
2018	$6.09B	$191.99M	31.7×	+2.6×	Dec 31, 2018
2017	$6.97B	$239.74M	29.1×	+6.3×	Dec 31, 2017
2016	$5.33B	$234.18M	22.8×	-3.3×	Dec 31, 2016
2015	$5.26B	$201.79M	26.1×	+5.8×	Dec 31, 2015
2014	$4.72B	$233.24M	20.2×	+1.4×	Dec 31, 2014
2013	$4.17B	$221.30M	18.8×	+0.7×	Dec 31, 2013
2012	$3.56B	$196.56M	18.1×	-3.3×	Dec 31, 2012
2011	$3.06B	$143.07M	21.4×	-3.6×	Dec 31, 2011
2010	$3.10B	$123.97M	25.0×	+2.1×	Dec 31, 2010
2009	$2.39B	$104.35M	22.9×	-5.6×	Dec 31, 2009
2008	$2.79B	$97.92M	28.5×	-1.3×	Dec 31, 2008
2007	$2.83B	$95.01M	29.8×	-3.0×	Dec 31, 2007
2006	$3.01B	$92.00M	32.8×	-5.9×	Dec 31, 2006
2005	$3.53B	$91.16M	38.7×	+9.3×	Dec 31, 2005
2004	$2.35B	$80.01M	29.3×	+0.5×	Dec 31, 2004
2003	$2.05B	$70.89M	28.9×	+8.0×	Dec 31, 2003
2002	$1.40B	$67.15M	20.9×	-4.9×	Dec 31, 2002
2001	$1.54B	$60.01M	25.7×	—	Dec 31, 2001


Alliant Energy (LNT)	22.5×
American States Water (AWR)	22.1×
Middlesex Water (MSEX)	21.8×
Evergy (EVRG)	21.4×
H2O America (HTO)	21.2×
CMS Energy (CMS)	21.1×
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 Essential Utilities (WTRG)

P/E Ratio daily chart for Essential Utilities (WTRG)

Historical P/E Ratio for Essential Utilities (WTRG) from 2001 to 2025

About P/E Ratio at Essential Utilities (WTRG)

Essential Utilities P/E Ratio by Year

Essential Utilities P/E Ratio 2025: 17.6×

Essential Utilities P/E Ratio 2024: 16.8×

Essential Utilities P/E Ratio 2023: 20.5×

Essential Utilities P/E Ratio 2022: 27.0×

Essential Utilities P/E Ratio 2021: 32.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Essential Utilities (WTRG) Key Financials

P/E Ratio daily chart for Essential Utilities (WTRG)

Historical P/E Ratio for Essential Utilities (WTRG) from 2001 to 2025

About P/E Ratio at Essential Utilities (WTRG)

Essential Utilities P/E Ratio by Year

Essential Utilities P/E Ratio 2025: 17.6×

Essential Utilities P/E Ratio 2024: 16.8×

Essential Utilities P/E Ratio 2023: 20.5×

Essential Utilities P/E Ratio 2022: 27.0×

Essential Utilities P/E Ratio 2021: 32.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Essential Utilities'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 Essential Utilities?

+Is Essential Utilities's P/E ratio high or low?

+What is Essential Utilities's historical P/E ratio range?

+What was Essential Utilities's P/E ratio in 2025?

+Why does Essential Utilities's P/E ratio change over time?

Essential Utilities (WTRG) Key Financials