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U.S. Water Utilities Industry Analysis

UpdatedJan 28, 2026
DataAggregated Company Financials
Companies17
  • 7D-0.5%
  • 3M0.5%
  • 1Y4.7%
  • YTD1.5%

Last week, the Water Utilities industry hasn't moved much but Consolidated Water is up 5.4% in that time. As for the the longer term, the industry is up 4.7% over the past 12 months. As for the next few years, earnings are expected to grow by 8.7% per annum.

Industry Valuation and Performance

Has the U.S. Water Utilities Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Jan 2026US$47.5bUS$10.5bUS$2.2b21.9x21.2x4.5x
Fri, 26 Dec 2025US$47.1bUS$10.5bUS$2.2b22x21x4.5x
Sun, 23 Nov 2025US$47.7bUS$10.5bUS$2.2b21.4x21.3x4.5x
Tue, 21 Oct 2025US$55.5bUS$10.9bUS$2.1b23.8x26.6x5.1x
Thu, 18 Sep 2025US$50.7bUS$10.9bUS$2.1b21.9x24.1x4.6x
Sat, 16 Aug 2025US$50.5bUS$10.3bUS$2.2b22.1x23.2x4.9x
Mon, 14 Jul 2025US$48.7bUS$10.0bUS$2.1b22.8x23x4.9x
Wed, 11 Jun 2025US$48.5bUS$10.0bUS$2.1b23.9x22.9x4.8x
Fri, 09 May 2025US$51.1bUS$9.8bUS$2.1b21.5x24.3x5.2x
Sun, 06 Apr 2025US$50.4bUS$9.8bUS$2.1b21.4x23.6x5.2x
Tue, 04 Mar 2025US$47.3bUS$9.8bUS$2.1b20.7x22x4.8x
Thu, 30 Jan 2025US$44.7bUS$9.4bUS$2.0b20.5x22.1x4.8x
Sat, 28 Dec 2024US$45.2bUS$9.4bUS$2.0b22.3x22.4x4.8x
Mon, 25 Nov 2024US$49.2bUS$9.4bUS$2.0b24.5x24.3x5.2x
Wed, 23 Oct 2024US$50.0bUS$9.2bUS$2.0b23.3x25.4x5.5x
Fri, 20 Sep 2024US$51.3bUS$9.2bUS$2.0b24.5x26.1x5.6x
Sun, 18 Aug 2024US$49.8bUS$9.2bUS$2.0b24.3x25.3x5.4x
Tue, 16 Jul 2024US$49.2bUS$9.0bUS$2.0b23.1x25x5.4x
Thu, 13 Jun 2024US$45.2bUS$9.0bUS$2.0b21.2x23x5x
Sat, 11 May 2024US$47.8bUS$9.0bUS$2.0b23.7x24.4x5.3x
Mon, 08 Apr 2024US$42.7bUS$8.9bUS$1.8b21.8x23.9x4.8x
Wed, 06 Mar 2024US$43.6bUS$8.9bUS$1.8b23.6x24.6x4.9x
Fri, 02 Feb 2024US$45.4bUS$9.0bUS$1.7b25.5x26.2x5x
Sun, 31 Dec 2023US$47.9bUS$9.0bUS$1.7b27.7x27.7x5.3x
Tue, 28 Nov 2023US$47.3bUS$9.0bUS$1.7b28x27.4x5.2x
Thu, 26 Oct 2023US$42.5bUS$8.9bUS$1.7b25.1x25.1x4.8x
Sat, 23 Sep 2023US$46.9bUS$8.9bUS$1.7b28x27.7x5.3x
Mon, 21 Aug 2023US$49.5bUS$8.9bUS$1.7b29.9x29.2x5.5x
Wed, 19 Jul 2023US$51.1bUS$8.7bUS$1.6b33x31.8x5.9x
Fri, 16 Jun 2023US$51.9bUS$8.7bUS$1.6b35.2x32.4x6x
Sun, 14 May 2023US$53.1bUS$8.7bUS$1.6b34.5x33x6.1x
Tue, 11 Apr 2023US$54.6bUS$8.5bUS$1.6b33.9x34x6.4x
Thu, 09 Mar 2023US$50.5bUS$8.5bUS$1.6b31.8x31.4x5.9x
Sat, 04 Feb 2023US$54.4bUS$8.3bUS$2.1b37.3x26.2x6.5x
Price to Earnings Ratio

26.2x


Total Market Cap: US$54.4bTotal Earnings: US$2.1bTotal Revenue: US$8.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Water Utilities Industry Price to Earnings3Y Average 25.5x202420252026
Current Industry PE
  • Investors are pessimistic on the American Water Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 21.2x which is lower than its 3-year average PE of 25.5x.
  • The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Water Utilities industry have grown 2.5% per year over the last three years.
  • Revenues for these companies have grown 8.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Utilities industry?

US Market2.04%
Utilities1.09%
Water Utilities-0.48%
Water-0.48%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CWCO Consolidated WaterUS$38.175.4%
+US$30.9m		44.7%PE35x
PCYO Pure CycleUS$11.853.7%
+US$10.1m		4.4%PE20.8x
CDZI CadizUS$6.451.2%
+US$6.2m		41.8%PS33.5x
ARTN.A Artesian ResourcesUS$33.401.8%
+US$6.1m		5.8%PE15.3x
GWRS Global Water ResourcesUS$8.690.1%
+US$287.5k		-27.0%PE57.3x

Latest News

MSEX
US$52.62
Middlesex Water
7D
-1.1%
1Y
1.6%
HTO
US$52.39
H2O America
7D
-0.5%
1Y
3.4%
WTRG
US$39.27
Essential Utilities
7D
-0.1%
1Y
10.0%

WTRG: All Stock Merger And Neutral Views Will Shape Future Return Profile

Analysts have maintained their fair value estimate for Essential Utilities at $43.00 as they weigh the modest merger premium, the all-stock structure, and the long timeline to potential regulatory approval highlighted in recent research. Analyst Commentary Bullish Takeaways Bullish analysts see the merger structure as a potential way to address prior concerns around the combined company, arguing that if the deal is approved it could be harder for skeptics to challenge the investment case.
CWCO
US$38.17
Consolidated Water
7D
5.4%
1Y
44.7%

CWCO: New Wastewater Contract Will Support Future Margins And Share Gains

Analysts have kept their fair value estimate for Consolidated Water steady at US$42.50, citing essentially unchanged assumptions for discount rate, revenue growth, profit margin and future P/E, which together support a stable price target despite the minor model tweaks. What's in the News Consolidated Water Co. Ltd., through its California based subsidiary PERC Water Corporation, secured an US$11.7 million contract to construct a wastewater recycling plant for a San Francisco Bay Area golf club (Key Developments).
GWRS
US$8.69
Global Water Resources
7D
0.1%
1Y
-27.0%

GWRS: Future Rate Base Revision And Cost Control Will Drive Upside Potential

Narrative Update on Global Water Resources Analysts have trimmed their price target for Global Water Resources to US$9.60 from US$11.50, reflecting weaker Q3 results and lower expectations for the upcoming rate base revision after updating their models for higher operating expenses and potential delays in the approval process. Analyst Commentary Recent research points to a more cautious stance on Global Water Resources, with the rating moving to Hold and the price target adjusted to US$9.60 from US$11.50 after weak Q3 results and updated modeling assumptions.
AWK
US$130.53
American Water Works Company
7D
-0.7%
1Y
3.3%
CWT
US$44.54
California Water Service Group
7D
-0.3%
1Y
-1.6%

CWT: Stable Cash Flow Assumptions Will Support Future Share Price Upside

Analysts have kept their price target for California Water Service Group steady at US$53, reflecting largely unchanged assumptions around discount rate, revenue growth, profit margin and future P/E expectations. Valuation Changes Fair Value Estimate: Unchanged at US$53.00, indicating no adjustment in the overall valuation output.
PCYO
US$11.85
Pure Cycle
7D
3.7%
1Y
4.4%
CDZI
US$6.45
Cadiz
7D
1.2%
1Y
41.8%

Is Cadiz (NASDAQ:CDZI) Using Too Much Debt?

Jan 14
Is Cadiz (NASDAQ:CDZI) Using Too Much Debt?
AWR
US$73.21
American States Water
7D
-2.2%
1Y
-2.2%

American States Water Company's (NYSE:AWR) Business Is Yet to Catch Up With Its Share Price

Jan 06
American States Water Company's (NYSE:AWR) Business Is Yet to Catch Up With Its Share Price
ARTN.A
US$33.40
Artesian Resources
7D
1.8%
1Y
5.8%