Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Water Industry Analysis

UpdatedAug 25, 2026
DataAggregated Company Financials
Companies15
  • 7D3.7%
  • 3M13.1%
  • 1Y2.8%
  • YTDn/a

In the last week, the Water industry is up 3.7%, with American Water Works Company up 4.1%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 9.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 26 Aug 2026US$50.6bUS$11.1bUS$2.2b23.6x23.1x4.6x
Fri, 24 Jul 2026US$49.6bUS$10.9bUS$2.1b23.9x23.6x4.6x
Sun, 21 Jun 2026US$46.1bUS$10.9bUS$2.1b22.5x21.9x4.2x
Tue, 19 May 2026US$45.6bUS$10.9bUS$2.1b22.1x21.7x4.2x
Thu, 16 Apr 2026US$48.6bUS$10.7bUS$2.2b22.2x22.4x4.5x
Sat, 14 Mar 2026US$49.8bUS$10.7bUS$2.2b22.7x23x4.7x
Mon, 09 Feb 2026US$45.4bUS$10.5bUS$2.2b21x20.3x4.3x
Wed, 07 Jan 2026US$46.0bUS$10.5bUS$2.2b21.7x20.5x4.4x
Fri, 05 Dec 2025US$46.8bUS$10.5bUS$2.2b21.8x20.9x4.5x
Sun, 02 Nov 2025US$49.4bUS$11.1bUS$2.1b22.1x23.3x4.5x
Tue, 30 Sep 2025US$51.9bUS$10.9bUS$2.1b22.2x24.7x4.8x
Thu, 28 Aug 2025US$50.9bUS$10.3bUS$2.2b22.5x23.4x4.9x
Sat, 26 Jul 2025US$48.1bUS$10.0bUS$2.1b21.7x22.7x4.8x
Mon, 23 Jun 2025US$48.7bUS$10.0bUS$2.1b23.3x22.9x4.9x
Wed, 21 May 2025US$50.0bUS$10.0bUS$2.1b24.4x23.6x5x
Fri, 18 Apr 2025US$50.6bUS$9.8bUS$2.1b21.5x23.7x5.2x
Sun, 16 Mar 2025US$49.9bUS$9.8bUS$2.1b19.4x23.3x5.1x
Tue, 11 Feb 2025US$43.6bUS$9.4bUS$2.0b20.7x21.5x4.6x
Thu, 09 Jan 2025US$43.4bUS$9.4bUS$2.0b21.1x21.5x4.6x
Sat, 07 Dec 2024US$47.7bUS$9.4bUS$2.0b23.5x23.6x5.1x
Mon, 04 Nov 2024US$48.0bUS$9.4bUS$2.0b22.1x23.7x5.1x
Wed, 02 Oct 2024US$50.5bUS$9.2bUS$2.0b23.4x25.7x5.5x
Fri, 30 Aug 2024US$49.7bUS$9.2bUS$2.0b24.3x25.3x5.4x
Sun, 28 Jul 2024US$50.3bUS$9.1bUS$2.0b24.2x25.6x5.6x
Tue, 25 Jun 2024US$45.7bUS$9.0bUS$2.0b21.7x23.2x5.1x
Thu, 23 May 2024US$48.1bUS$9.0bUS$2.0b23.2x24.5x5.3x
Sat, 20 Apr 2024US$42.1bUS$8.9bUS$1.8b21.2x23.6x4.7x
Mon, 18 Mar 2024US$42.8bUS$8.9bUS$1.8b22.5x24.1x4.8x
Wed, 14 Feb 2024US$43.2bUS$9.0bUS$1.7b23.3x25x4.8x
Fri, 12 Jan 2024US$48.3bUS$9.0bUS$1.7b26.4x27.9x5.3x
Sun, 10 Dec 2023US$47.7bUS$9.0bUS$1.7b28.4x27.5x5.3x
Tue, 07 Nov 2023US$46.9bUS$9.0bUS$1.7b26.6x27.3x5.2x
Thu, 05 Oct 2023US$43.6bUS$13.9bUS$2.6b25.6x17x3.1x
Sat, 02 Sep 2023US$48.7bUS$8.9bUS$1.7b29.1x28.7x5.5x
Price to Earnings Ratio

28.7x


Total Market Cap: US$48.7bTotal Earnings: US$1.7bTotal Revenue: US$8.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Water Industry Price to Earnings3Y Average 23.8x202420252026
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 23.8x.
  • 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 Comparison

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

US Market-1.55%
Utilities-2.34%
Water Utilities3.74%
Water3.74%
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
AWK American Water Works CompanyUS$137.601.0%
+US$264.3m		-4.4%PE24.2x
WTRG Essential UtilitiesUS$40.761.0%
+US$116.3m		4.4%PE20.8x
CDZI CadizUS$4.1428.2%
+US$77.1m		11.9%PS29.6x
AWR American States WaterUS$90.241.5%
+US$52.7m		21.3%PE25.1x
CWT California Water Service GroupUS$50.611.5%
+US$46.4m		8.2%PE23.5x

Latest News

GWRS
US$9.37
Global Water Resources
7D
6.8%
1Y
-3.4%
Narrative Update • Aug 24

GWRS: Future Returns Will Depend On Persistent Regulatory Lag Risk

Analysts have raised their price target on Global Water Resources to $10. This reflects updated assumptions for higher fair value and profit margins, offset by more cautious expectations for revenue growth and a lower future P/E multiple.
AWK
US$137.60
American Water Works Company
7D
1.0%
1Y
-4.4%
YORW
US$34.29
York Water
7D
2.8%
1Y
10.5%
WTRG
US$40.76
Essential Utilities
7D
1.0%
1Y
4.4%
HTO
US$63.89
H2O America
7D
0.9%
1Y
28.1%
CDZI
US$4.14
Cadiz
7D
28.2%
1Y
11.9%
CWT
US$50.61
California Water Service Group
7D
1.5%
1Y
8.2%
MSEX
US$58.67
Middlesex Water
7D
-0.2%
1Y
10.2%
AWR
US$90.24
American States Water
7D
1.5%
1Y
21.3%
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.