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U.S. Water Utilities Industry Analysis

UpdatedSep 13, 2026
DataAggregated Company Financials
Companies16
  • 7D-2.1%
  • 3M8.8%
  • 1Y3.4%
  • YTD7.8%

Over the last 7 days, the Water Utilities industry has dropped 2.1%, driven by pullbacks from every company within the industry. In the past year, the industry has gained 3.4%. As for the next few years, earnings are expected to grow by 9.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Sep 2026US$51.1bUS$11.1bUS$2.2b22.6x23.3x4.6x
Tue, 11 Aug 2026US$50.8bUS$11.1bUS$2.2b23x23.5x4.6x
Thu, 09 Jul 2026US$49.4bUS$10.9bUS$2.1b23.4x23.5x4.5x
Sat, 06 Jun 2026US$45.6bUS$10.9bUS$2.1b22.9x21.7x4.2x
Mon, 04 May 2026US$46.7bUS$10.8bUS$2.2b22.6x21.7x4.3x
Wed, 01 Apr 2026US$50.2bUS$10.7bUS$2.2b22.6x23.1x4.7x
Fri, 27 Feb 2026US$48.7bUS$10.7bUS$2.2b22.2x22.3x4.6x
Sun, 25 Jan 2026US$47.3bUS$10.5bUS$2.2b21.8x21.1x4.5x
Tue, 23 Dec 2025US$46.6bUS$10.5bUS$2.2b22x20.8x4.4x
Thu, 20 Nov 2025US$46.9bUS$10.5bUS$2.2b20.9x21x4.5x
Sat, 18 Oct 2025US$54.6bUS$10.9bUS$2.1b22.8x26.2x5x
Mon, 15 Sep 2025US$49.4bUS$10.3bUS$2.2b22.4x22.7x4.8x
Wed, 13 Aug 2025US$50.9bUS$10.3bUS$2.2b22.4x23.4x5x
Fri, 11 Jul 2025US$48.8bUS$10.0bUS$2.1b23.2x23x4.9x
Sun, 08 Jun 2025US$48.4bUS$10.0bUS$2.1b23.3x22.8x4.8x
Tue, 06 May 2025US$50.9bUS$9.8bUS$2.1b21.7x24.2x5.2x
Thu, 03 Apr 2025US$50.5bUS$9.8bUS$2.1b21.7x23.6x5.2x
Sat, 01 Mar 2025US$46.8bUS$9.8bUS$2.1b20.8x21.8x4.8x
Mon, 27 Jan 2025US$42.7bUS$9.4bUS$2.0b19.9x21.1x4.5x
Wed, 25 Dec 2024US$44.9bUS$9.4bUS$2.0b22.4x22.2x4.8x
Fri, 22 Nov 2024US$49.0bUS$9.4bUS$2.0b24.1x24.2x5.2x
Sun, 20 Oct 2024US$50.4bUS$9.2bUS$2.0b23.8x25.6x5.5x
Tue, 17 Sep 2024US$51.2bUS$9.2bUS$2.0b24.7x26x5.6x
Thu, 15 Aug 2024US$49.6bUS$9.2bUS$2.0b24x25.1x5.4x
Sat, 13 Jul 2024US$48.3bUS$9.0bUS$2.0b23.2x24.6x5.3x
Mon, 10 Jun 2024US$45.2bUS$9.0bUS$2.0b21.3x23x5x
Wed, 08 May 2024US$46.9bUS$9.1bUS$2.0b22.1x23.8x5.2x
Fri, 05 Apr 2024US$42.8bUS$8.9bUS$1.8b22.5x24x4.8x
Sun, 03 Mar 2024US$42.9bUS$8.9bUS$1.8b22.8x24.2x4.8x
Tue, 30 Jan 2024US$44.9bUS$9.0bUS$1.7b25.7x25.9x5x
Thu, 28 Dec 2023US$48.2bUS$9.0bUS$1.7b28.1x27.8x5.3x
Sat, 25 Nov 2023US$47.3bUS$9.0bUS$1.7b28.3x27.4x5.2x
Mon, 23 Oct 2023US$42.3bUS$8.9bUS$1.7b25.1x24.9x4.7x
Wed, 20 Sep 2023US$48.6bUS$8.9bUS$1.7b29.2x28.6x5.4x
Price to Earnings Ratio

28.6x


Total Market Cap: US$48.6bTotal Earnings: US$1.7bTotal Revenue: US$8.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Water Utilities Industry Price to Earnings3Y Average 23.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Water Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 23.7x.
  • The industry is trading close to its 3-year average PS ratio of 4.9x.
Past Earnings Growth
  • The earnings for companies in the Water Utilities industry have grown 9.0% per year over the last three years.
  • Revenues for these companies have grown 7.4% 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 Market-0.94%
Utilities-1.80%
Water Utilities-2.13%
Water-2.13%
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
No data available

Latest News

CWT
US$48.22
California Water Service Group
7D
-3.6%
1Y
4.3%
WTRG
US$41.07
Essential Utilities
7D
-1.5%
1Y
7.2%
Narrative Update • Sep 10

WTRG: Merger Timeline And Pennsylvania Rulings Will Guide Future Risk Reward Balance

Analysts have lifted their fair value estimate for Essential Utilities to $42.00 per share from $41.20, citing revised price targets that reflect the planned merger share exchange with American Water and updated assumptions around regulatory outcomes and earnings power for the combined company. Analyst Commentary Recent Street research around Essential Utilities focuses heavily on the planned merger with American Water and how that structure could affect valuation, execution risk, and long term growth prospects for the combined utility platform.
AWK
US$137.69
American Water Works Company
7D
-2.1%
1Y
-1.1%
CDZI
US$3.65
Cadiz
7D
-12.4%
1Y
-6.9%
CWCO
US$28.16
Consolidated Water
7D
-3.8%
1Y
-15.2%
HTO
US$62.66
H2O America
7D
-2.6%
1Y
26.2%
MSEX
US$56.69
Middlesex Water
7D
-2.7%
1Y
5.1%
AWR
US$86.48
American States Water
7D
-2.3%
1Y
18.3%
Narrative Update • Aug 09

AWR: Constructive Regulation And Dividend Streak Support Fair Outlook Despite Premium Multiple

Analysts raised their price target on American States Water from $76 to $84, citing a constructive California regulatory backdrop for its regulated water operations, along with steady earnings and dividend visibility. These factors are partly balanced by what some see as a premium valuation and a higher assumed future P/E of roughly 26x.