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U.S. Water Utilities Industry Analysis

UpdatedApr 28, 2026
DataAggregated Company Financials
Companies17
  • 7D-0.9%
  • 3M1.4%
  • 1Y-5.1%
  • YTD2.8%

In the last week, Water Utilities has been flat. As for the longer term, the industry has declined 5.1% in the last year. As for the next few years, earnings are expected to grow by 9.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 Apr 2026US$48.7bUS$10.7bUS$2.2b23.2x22.5x4.6x
Thu, 26 Mar 2026US$48.3bUS$10.7bUS$2.2b22.1x22.2x4.5x
Sat, 21 Feb 2026US$47.7bUS$10.6bUS$2.2b21.9x21.3x4.5x
Mon, 19 Jan 2026US$48.5bUS$10.5bUS$2.2b22.7x21.7x4.6x
Wed, 17 Dec 2025US$47.7bUS$10.5bUS$2.2b22x21.3x4.5x
Fri, 14 Nov 2025US$50.2bUS$11.1bUS$2.2b22.4x23.3x4.5x
Sun, 12 Oct 2025US$54.1bUS$10.9bUS$2.1b22.7x25.9x5x
Tue, 09 Sep 2025US$50.7bUS$10.3bUS$2.2b22.1x23.3x4.9x
Thu, 07 Aug 2025US$48.6bUS$10.3bUS$2.2b21.5x22.4x4.7x
Sat, 05 Jul 2025US$48.3bUS$10.0bUS$2.1b23.1x22.8x4.8x
Mon, 02 Jun 2025US$49.5bUS$10.0bUS$2.1b24x23.3x4.9x
Wed, 30 Apr 2025US$50.2bUS$9.8bUS$2.1b21.1x23.4x5.1x
Fri, 28 Mar 2025US$48.6bUS$9.7bUS$2.1b21.5x22.7x5x
Sun, 23 Feb 2025US$46.3bUS$9.6bUS$2.1b20.5x22x4.8x
Tue, 21 Jan 2025US$44.5bUS$9.4bUS$2.0b20.6x22x4.7x
Thu, 19 Dec 2024US$46.7bUS$9.4bUS$2.0b22.8x23.1x5x
Sat, 16 Nov 2024US$47.5bUS$9.4bUS$2.0b24.3x23.5x5x
Mon, 14 Oct 2024US$49.0bUS$9.2bUS$2.0b22.7x24.9x5.4x
Wed, 11 Sep 2024US$50.5bUS$9.2bUS$2.0b24.4x25.7x5.5x
Fri, 09 Aug 2024US$50.2bUS$9.2bUS$2.0b23.9x25.5x5.5x
Sun, 07 Jul 2024US$45.9bUS$9.0bUS$2.0b22.1x23.4x5.1x
Tue, 04 Jun 2024US$46.3bUS$9.0bUS$2.0b21.7x23.5x5.1x
Thu, 02 May 2024US$44.0bUS$9.1bUS$1.9b21.8x23.4x4.8x
Sat, 30 Mar 2024US$44.2bUS$9.0bUS$1.8b22.9x24.8x4.9x
Mon, 26 Feb 2024US$42.9bUS$8.9bUS$1.8b23x24.4x4.8x
Wed, 24 Jan 2024US$46.4bUS$9.0bUS$1.7b26x26.8x5.1x
Fri, 22 Dec 2023US$47.7bUS$9.0bUS$1.7b28x27.5x5.3x
Sun, 19 Nov 2023US$47.1bUS$9.0bUS$1.7b27.9x27.2x5.2x
Tue, 17 Oct 2023US$62.0bUS$13.9bUS$2.6b25.9x24.2x4.5x
Thu, 14 Sep 2023US$49.2bUS$8.9bUS$1.7b29.7x29x5.5x
Sat, 12 Aug 2023US$50.5bUS$8.9bUS$1.7b29.6x29.8x5.7x
Mon, 10 Jul 2023US$49.9bUS$8.7bUS$1.6b33.4x31.1x5.7x
Wed, 07 Jun 2023US$52.2bUS$8.7bUS$1.6b34x32.6x6x
Fri, 05 May 2023US$52.7bUS$8.6bUS$1.6b34.4x33x6.1x
Price to Earnings Ratio

33x


Total Market Cap: US$52.7bTotal Earnings: US$1.6bTotal Revenue: US$8.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Water Utilities Industry Price to Earnings3Y Average 24.8x202420252026
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 24.8x.
  • The industry is trading close to its 3-year average PS ratio of 5.0x.
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 7.5% 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 Market0.72%
Utilities1.08%
Water Utilities-0.89%
Water-0.89%
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$79.320.8%
+US$32.2m		0.4%PE23.9x
CWCO Consolidated WaterUS$33.801.8%
+US$10.6m		42.6%PE29.1x
MSEX Middlesex WaterUS$53.180.6%
+US$6.1m		-15.4%PE23.1x

Latest News

CWCO
US$33.80
Consolidated Water
7D
1.8%
1Y
42.6%
AWR
US$79.32
American States Water
7D
0.8%
1Y
0.4%

American States Water: You Depend On Them, So Own Them

Apr 27
HTO
US$59.56
H2O America
7D
-1.0%
1Y
11.3%

HTO: Follow On Offerings And Lock Up Terms Will Support Steady Outlook

Analysts have lifted their price target on H2O America by about $1.73, reflecting updated assumptions that include revenue growth of 9.22%, a profit margin of 16.68% and a future P/E of 19.01x. What's in the News H2O America filed a follow on equity offering for $550 million of common stock.
MSEX
US$53.18
Middlesex Water
7D
0.6%
1Y
-15.4%
WTRG
US$39.41
Essential Utilities
7D
-1.0%
1Y
-2.2%

WTRG: Updated Fair Value And P/E Assumptions Will Guide Balanced Outlook

Analysts have nudged their price target on Essential Utilities higher from $40.60 to $41.20, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that slightly adjust their overall outlook. Valuation Changes Fair Value: Adjusted slightly from $40.60 to $41.20, indicating a modest upward revision in the estimated share value.
AWK
US$131.96
American Water Works Company
7D
-1.0%
1Y
-8.5%

AWK: Governance Changes And Steady Execution Will Support A Neutral Yet Guarded Outlook

Narrative Update Analysts have lifted the blended price target for American Water Works Company by about $1 to roughly $139, citing updated views on long term revenue growth, profit margin resilience, and a modestly higher future P/E outlook informed by recent research from Wells Fargo, Truist, and Barclays. Analyst Commentary Recent research points to a cautiously constructive stance on American Water Works Company, with price target changes and a neutral initiation reflecting a balance between confidence in the business model and awareness of execution and valuation risks.
GWRS
US$7.45
Global Water Resources
7D
-2.2%
1Y
-28.4%
CDZI
US$4.50
Cadiz
7D
-9.5%
1Y
59.0%
YORW
US$29.74
York Water
7D
-1.7%
1Y
-14.0%
CWT
US$46.43
California Water Service Group
7D
-0.9%
1Y
-6.3%

CWT: Proposed Rate Increases And Higher Dividend Will Support Future Upside

Analysts have kept their $52.00 price target for California Water Service Group unchanged. This reflects consistent assumptions around discount rate, revenue growth, profit margin, and future P/E in their valuation work.
ARTN.A
US$31.67
Artesian Resources
7D
-2.8%
1Y
-7.2%