Question 1

What is Essential Utilities's P/S ratio?

Accepted Answer

Essential Utilities (WTRG) P/S ratio is 4.4× 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 Essential Utilities?

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 Essential Utilities specifically, the relevant sector benchmark is the current sector median of 3.1×.

Question 5

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

Accepted Answer

Essential Utilities's P/S ratio of 4.4× is below its own 5-year average of 5.3× and above the sector median of 3.1×. That places the current reading at the 14th 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/S ratio range?

Accepted Answer

In the available daily series, Essential Utilities (WTRG) P/S ratio has ranged from a low of 3.5× in 2010 to a high of 12.2× in 2019. The 5-year average is 5.3× and the 5-year median is 5.1×.

Question 7

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

Accepted Answer

Essential Utilities (WTRG) P/S ratio at the end of 2025 was 4.4×. 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 Essential Utilities'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	$10.9B	$2.47B	4.4×	-0.4×	Dec 31, 2025
2024	$9.98B	$2.09B	4.8×	-0.2×	Dec 31, 2024
2023	$10.2B	$2.05B	5.0×	-0.5×	Dec 31, 2023
2022	$12.5B	$2.29B	5.5×	-2.0×	Dec 31, 2022
2021	$14.1B	$1.88B	7.5×	-0.7×	Dec 31, 2021
2020	$12B	$1.46B	8.2×	-4.0×	Dec 31, 2020
2019	$10.9B	$890M	12.2×	+5.0×	Dec 31, 2019
2018	$6.09B	$838M	7.3×	-1.4×	Dec 31, 2018
2017	$6.97B	$810M	8.6×	+2.1×	Dec 31, 2017
2016	$5.33B	$820M	6.5×	+0.0×	Dec 31, 2016
2015	$5.26B	$814M	6.5×	+0.4×	Dec 31, 2015
2014	$4.72B	$780M	6.0×	+0.6×	Dec 31, 2014
2013	$4.17B	$769M	5.4×	+0.8×	Dec 31, 2013
2012	$3.56B	$770M	4.6×	+0.4×	Dec 31, 2012
2011	$3.06B	$730M	4.2×	-0.1×	Dec 31, 2011
2010	$3.1B	$726M	4.3×	+0.7×	Dec 31, 2010
2009	$2.39B	$671M	3.6×	-0.9×	Dec 31, 2009
2008	$2.79B	$627M	4.4×	-0.2×	Dec 31, 2008
2007	$2.83B	$602M	4.7×	-1.0×	Dec 31, 2007
2006	$3.01B	$533M	5.7×	-1.4×	Dec 31, 2006
2005	$3.53B	$497M	7.1×	+1.8×	Dec 31, 2005
2004	$2.35B	$442M	5.3×	-0.3×	Dec 31, 2004
2003	$2.05B	$367M	5.6×	+1.2×	Dec 31, 2003
2002	$1.4B	$322M	4.3×	—	Dec 31, 2002


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×
California Water Service Group (CWT)	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 Essential Utilities (WTRG) 2002-2026

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

Historical P/S Ratio for Essential Utilities (WTRG) from 2002 to 2025

About P/S Ratio at Essential Utilities (WTRG)

Essential Utilities P/S Ratio by Year

Essential Utilities P/S Ratio 2025: 4.4×

Essential Utilities P/S Ratio 2024: 4.8×

Essential Utilities P/S Ratio 2023: 5.0×

Essential Utilities P/S Ratio 2022: 5.5×

Essential Utilities P/S Ratio 2021: 7.5×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Essential Utilities (WTRG) Key Financials