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U.S. Water Utilities Industry Analysis

UpdatedMay 01, 2026
DataAggregated Company Financials
Companies17
  • 7D-5.6%
  • 3M-1.2%
  • 1Y-9.8%
  • YTD-0.7%

Over the last 7 days, the Water Utilities industry has dropped 5.6%, driven by American Water Works Company declining 4.9%. The industry has fallen 9.8% in the last year. Looking forward, earnings are forecast to grow by 9.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 May 2026US$48.3bUS$10.8bUS$2.2b22.4x22.3x4.5x
Sun, 29 Mar 2026US$49.3bUS$10.7bUS$2.2b22.4x22.7x4.6x
Tue, 24 Feb 2026US$47.2bUS$10.6bUS$2.2b22x21.1x4.5x
Thu, 22 Jan 2026US$47.7bUS$10.5bUS$2.2b22.3x21.3x4.5x
Sat, 20 Dec 2025US$47.6bUS$10.5bUS$2.2b21.8x21.3x4.5x
Mon, 17 Nov 2025US$50.6bUS$11.2bUS$2.1b22.3x23.5x4.5x
Wed, 15 Oct 2025US$53.1bUS$10.9bUS$2.1b22.5x25.4x4.9x
Fri, 12 Sep 2025US$49.1bUS$10.3bUS$2.2b22.4x22.6x4.8x
Sun, 10 Aug 2025US$50.8bUS$10.3bUS$2.2b22.1x23.4x4.9x
Tue, 08 Jul 2025US$48.3bUS$10.0bUS$2.1b22.8x22.8x4.8x
Thu, 05 Jun 2025US$49.2bUS$10.0bUS$2.1b23.4x23.2x4.9x
Sat, 03 May 2025US$51.0bUS$9.8bUS$2.1b21.6x24.2x5.2x
Mon, 31 Mar 2025US$50.1bUS$9.8bUS$2.1b21.7x23.5x5.1x
Wed, 26 Feb 2025US$46.6bUS$9.6bUS$2.1b20.8x22.2x4.9x
Fri, 24 Jan 2025US$42.8bUS$9.4bUS$2.0b20.1x21.1x4.5x
Sun, 22 Dec 2024US$45.1bUS$9.4bUS$2.0b22.7x22.3x4.8x
Tue, 19 Nov 2024US$48.2bUS$9.4bUS$2.0b24.2x23.8x5.1x
Thu, 17 Oct 2024US$50.6bUS$9.2bUS$2.0b23.9x25.7x5.5x
Sat, 14 Sep 2024US$50.9bUS$9.2bUS$2.0b24.5x25.9x5.6x
Mon, 12 Aug 2024US$49.7bUS$9.2bUS$2.0b23.9x25.2x5.4x
Wed, 10 Jul 2024US$45.8bUS$9.0bUS$2.0b22x23.3x5.1x
Fri, 07 Jun 2024US$46.4bUS$9.0bUS$2.0b21.5x23.6x5.1x
Sun, 05 May 2024US$45.9bUS$9.0bUS$2.0b22.3x23.4x5.1x
Tue, 02 Apr 2024US$44.2bUS$8.9bUS$1.8b22.7x24.8x4.9x
Thu, 29 Feb 2024US$42.6bUS$8.9bUS$1.8b22.8x24.2x4.8x
Sat, 27 Jan 2024US$45.2bUS$9.0bUS$1.7b25.2x26.1x5x
Mon, 25 Dec 2023US$48.0bUS$9.0bUS$1.7b28x27.7x5.3x
Wed, 22 Nov 2023US$47.4bUS$9.0bUS$1.7b27.6x27.4x5.2x
Fri, 20 Oct 2023US$42.6bUS$8.9bUS$1.7b25.2x25.1x4.8x
Sun, 17 Sep 2023US$49.2bUS$8.9bUS$1.7b29.6x29x5.5x
Tue, 15 Aug 2023US$50.7bUS$8.9bUS$1.7b30x29.9x5.7x
Thu, 13 Jul 2023US$51.4bUS$8.7bUS$1.6b33.6x32.1x5.9x
Sat, 10 Jun 2023US$52.8bUS$8.7bUS$1.6b34.4x32.9x6.1x
Mon, 08 May 2023US$52.9bUS$8.6bUS$1.6b34.3x33.2x6.1x
Price to Earnings Ratio

33.2x


Total Market Cap: US$52.9bTotal 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 24.7x202420252026
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 24.7x.
  • The 3-year average PS ratio of 5.0x 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 11% per year over the last three years.
  • Revenues for these companies have grown 7.7% 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 Market0.59%
Utilities1.20%
Water Utilities-5.62%
Water-5.62%
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
PCYO Pure CycleUS$11.542.9%
+US$8.0m		15.8%PE19.8x

Latest News

CWT
US$42.24
California Water Service Group
7D
-11.1%
1Y
-15.9%
HTO
US$56.19
H2O America
7D
-8.4%
1Y
-0.3%

H2O America: Dividend King Selling At A Discount To Fair Market Value

May 01
AWK
US$128.42
American Water Works Company
7D
-4.9%
1Y
-12.3%
MSEX
US$50.88
Middlesex Water
7D
-6.4%
1Y
-19.0%
CWCO
US$32.05
Consolidated Water
7D
-5.9%
1Y
38.5%

CWCO: Share Authorization And Buyback Flexibility Will Support Future Upside

Analysts have maintained their price target for Consolidated Water at $43.00, reflecting unchanged assumptions around discount rate, revenue growth, profit margin, and future P/E. What's in the News At the AGM scheduled for June 1, 2026, shareholders are set to vote on increasing Consolidated Water Co. Ltd.'s authorized share capital, which could give the company more flexibility in future equity issuance or corporate actions (Key Developments).
AWR
US$75.29
American States Water
7D
-6.8%
1Y
-6.2%

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

Apr 27
WTRG
US$38.20
Essential Utilities
7D
-5.3%
1Y
-6.2%

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.
CDZI
US$4.33
Cadiz
7D
-7.7%
1Y
51.9%
PCYO
US$11.54
Pure Cycle
7D
2.9%
1Y
15.8%