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U.S. Water Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies17
  • 7D0.9%
  • 3M8.0%
  • 1Y1.3%
  • YTDn/a

In the last week, Water has been flat. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 9.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026US$49.6bUS$10.7bUS$2.2b23.8x22.8x4.6x
Mon, 09 Mar 2026US$49.7bUS$10.7bUS$2.2b23.4x22.9x4.7x
Wed, 04 Feb 2026US$46.3bUS$10.5bUS$2.2b21.4x20.7x4.4x
Fri, 02 Jan 2026US$46.8bUS$10.5bUS$2.2b21.5x20.9x4.5x
Sun, 30 Nov 2025US$47.1bUS$10.5bUS$2.2b21.9x21.1x4.5x
Tue, 28 Oct 2025US$54.3bUS$10.9bUS$2.1b23.6x26x5x
Thu, 25 Sep 2025US$51.6bUS$10.9bUS$2.1b22.2x24.6x4.7x
Sat, 23 Aug 2025US$51.0bUS$10.3bUS$2.2b22.7x23.5x5x
Mon, 21 Jul 2025US$48.7bUS$10.0bUS$2.1b22.6x23x4.9x
Wed, 18 Jun 2025US$48.5bUS$10.0bUS$2.1b23.1x22.9x4.8x
Fri, 16 May 2025US$46.7bUS$10.0bUS$2.1b23.8x22x4.7x
Sun, 13 Apr 2025US$50.2bUS$9.8bUS$2.1b21.3x23.5x5.2x
Tue, 11 Mar 2025US$50.3bUS$9.8bUS$2.1b20x23.4x5.1x
Thu, 06 Feb 2025US$44.1bUS$9.4bUS$2.0b21.2x21.8x4.7x
Sat, 04 Jan 2025US$44.4bUS$9.4bUS$2.0b22x21.9x4.7x
Mon, 02 Dec 2024US$49.3bUS$9.4bUS$2.0b24.3x24.4x5.2x
Wed, 30 Oct 2024US$49.0bUS$9.2bUS$2.0b22.3x24.9x5.3x
Fri, 27 Sep 2024US$49.8bUS$9.2bUS$2.0b23.3x25.3x5.4x
Sun, 25 Aug 2024US$49.4bUS$9.2bUS$2.0b23.9x25.1x5.4x
Tue, 23 Jul 2024US$49.8bUS$9.0bUS$2.0b23.9x25.4x5.5x
Thu, 20 Jun 2024US$45.6bUS$9.0bUS$2.0b21x23.2x5x
Sat, 18 May 2024US$48.1bUS$9.0bUS$2.0b23.9x24.5x5.3x
Mon, 15 Apr 2024US$41.6bUS$8.9bUS$1.8b21x23.3x4.7x
Wed, 13 Mar 2024US$43.6bUS$8.9bUS$1.8b24x24.6x4.9x
Fri, 09 Feb 2024US$43.9bUS$9.0bUS$1.7b23.6x25.4x4.9x
Sun, 07 Jan 2024US$47.5bUS$9.0bUS$1.7b26.6x27.4x5.3x
Tue, 05 Dec 2023US$47.9bUS$9.0bUS$1.7b28.5x27.7x5.3x
Thu, 02 Nov 2023US$43.2bUS$8.9bUS$1.7b25.5x25.6x4.8x
Sat, 30 Sep 2023US$44.3bUS$13.9bUS$2.6b26x17.3x3.2x
Mon, 28 Aug 2023US$49.7bUS$8.9bUS$1.7b28.9x29.3x5.6x
Wed, 26 Jul 2023US$52.9bUS$8.7bUS$1.6b33.3x33x6.1x
Fri, 23 Jun 2023US$52.5bUS$8.7bUS$1.6b36.2x32.7x6x
Sun, 21 May 2023US$50.9bUS$8.7bUS$1.6b32.9x31.8x5.8x
Tue, 18 Apr 2023US$53.6bUS$8.5bUS$1.6b33.5x33.4x6.3x
Price to Earnings Ratio

33.4x


Total Market Cap: US$53.6bTotal Earnings: US$1.6bTotal Revenue: US$8.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Water Industry Price to Earnings3Y Average 24.9x202420252026
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 24.9x.
  • The industry is trading close to its 3-year average PS ratio of 5.1x.
Past Earnings Growth
  • The earnings for companies in the Water Utilities industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 7.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Water compare with similar industries?

US Market3.43%
Utilities1.67%
Water Utilities0.92%
Water0.92%
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
AWR American States WaterUS$79.472.4%
+US$73.5m		1.6%PE23.9x
CWT California Water Service GroupUS$46.941.5%
+US$41.2m		-6.8%PE21.8x
MSEX Middlesex WaterUS$55.853.8%
+US$38.0m		-10.1%PE24.2x
CWCO Consolidated WaterUS$35.313.9%
+US$21.1m		47.3%PE30.3x
HTO H2O AmericaUS$59.670.8%
+US$20.5m		11.7%PE24.3x

Latest News

CWT
US$46.94
California Water Service Group
7D
1.5%
1Y
-6.8%
PCYO
US$11.23
Pure Cycle
7D
7.8%
1Y
11.1%
AWK
US$137.22
American Water Works Company
7D
-0.7%
1Y
-6.1%

AWK: Essential Utilities Merger Prospects Will Support A Neutral Yet Guarded Outlook

Analysts have inched their fair value estimate for American Water Works Company up to $138.50 from $137.70, reflecting updated assumptions on revenue growth, profit margins and future P/E, as well as recent research that highlights potential upside if the proposed Essential Utilities merger ultimately goes through. Analyst Commentary Recent Street research signals a more balanced view on American Water Works Company, with some prior concerns seen as already reflected in the share price and the proposed Essential Utilities merger emerging as a key swing factor for valuation and execution risk.
CWCO
US$35.31
Consolidated Water
7D
3.9%
1Y
47.3%

CWCO: Steady Growth Assumptions And Future P/E Will Support Upside Potential

Analysts kept their price target for Consolidated Water steady at $43.00, citing unchanged assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as support for maintaining their view. Valuation Changes Fair Value: steady at $43.0, with no change from the prior estimate of $43.
WTRG
US$40.66
Essential Utilities
7D
-1.0%
1Y
3.3%

WTRG: Pending Merger Approval Will Shape Risk Balance And Support Fair Value

Analysts have maintained Essential Utilities' fair value estimate at $40.60. Recent commentary notes that although the potential merger path is described as long, it could address key bear-case concerns if it is ultimately approved.
MSEX
US$55.85
Middlesex Water
7D
3.8%
1Y
-10.1%
HTO
US$59.67
H2O America
7D
0.8%
1Y
11.7%
AWR
US$79.47
American States Water
7D
2.4%
1Y
1.6%
GWRS
US$7.82
Global Water Resources
7D
-0.3%
1Y
-23.1%

GWRS: Future Rate Outcomes Will Support Long Term Upside Potential

Narrative Update on Global Water Resources Analysts have reset the price framework for Global Water Resources, with the updated fair value estimate moving from about $12.53 to $10.85. This reflects a mix of lower profit margin assumptions, higher projected revenue growth, and recent target cuts on the Street, including moves to $12.50 and $9.20 that cite delayed rate outcomes and pressure on operating costs.
YORW
US$32.28
York Water
7D
3.2%
1Y
-5.8%
ARTN.A
US$33.26
Artesian Resources
7D
3.3%
1Y
-0.7%