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U.S. Water Utilities Industry Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies17
  • 7D2.9%
  • 3M3.0%
  • 1Y-2.3%
  • YTD5.4%

In the last week, the Water Utilities industry is up 2.9%, with American Water Works Company up 4.1%. In the same time, Consolidated Water was down 9.1%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 8.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026US$50.1bUS$10.7bUS$2.2b22.3x23.1x4.7x
Fri, 13 Feb 2026US$45.3bUS$10.5bUS$2.2b21.8x20.2x4.3x
Sun, 11 Jan 2026US$46.5bUS$10.5bUS$2.2b21.9x20.8x4.4x
Tue, 09 Dec 2025US$46.6bUS$10.5bUS$2.2b21.4x20.8x4.4x
Thu, 06 Nov 2025US$49.5bUS$11.1bUS$2.1b22.7x23.3x4.5x
Sat, 04 Oct 2025US$51.6bUS$10.9bUS$2.1b21.9x24.7x4.7x
Mon, 01 Sep 2025US$50.7bUS$10.3bUS$2.2b22.3x23.3x4.9x
Wed, 30 Jul 2025US$47.4bUS$10.0bUS$2.1b21.8x22.3x4.7x
Fri, 27 Jun 2025US$48.3bUS$10.0bUS$2.1b22.7x22.8x4.8x
Sun, 25 May 2025US$49.6bUS$10.0bUS$2.1b23.8x23.4x4.9x
Tue, 22 Apr 2025US$51.3bUS$9.8bUS$2.1b21.1x24x5.3x
Thu, 20 Mar 2025US$49.3bUS$9.7bUS$2.1b24.3x23.1x5.1x
Sat, 15 Feb 2025US$44.9bUS$9.4bUS$2.0b21.7x22.2x4.8x
Mon, 13 Jan 2025US$42.7bUS$9.4bUS$2.0b20.7x21.1x4.5x
Wed, 11 Dec 2024US$47.2bUS$9.4bUS$2.0b23.7x23.3x5x
Fri, 08 Nov 2024US$48.7bUS$9.4bUS$2.0b23.4x24.1x5.2x
Sun, 06 Oct 2024US$49.6bUS$9.2bUS$2.0b22.9x25.2x5.4x
Tue, 03 Sep 2024US$50.1bUS$9.2bUS$2.0b24.4x25.5x5.5x
Thu, 01 Aug 2024US$50.5bUS$9.1bUS$2.0b24.3x25.7x5.6x
Sat, 29 Jun 2024US$45.7bUS$9.0bUS$2.0b21.8x23.2x5.1x
Mon, 27 May 2024US$45.7bUS$9.0bUS$2.0b22.8x23.3x5.1x
Wed, 24 Apr 2024US$43.2bUS$8.9bUS$1.8b21.5x24.2x4.8x
Fri, 22 Mar 2024US$43.1bUS$8.9bUS$1.8b22x24.3x4.8x
Sun, 18 Feb 2024US$44.4bUS$9.1bUS$1.8b23.7x25.3x4.9x
Tue, 16 Jan 2024US$47.8bUS$9.0bUS$1.7b26.6x27.6x5.3x
Thu, 14 Dec 2023US$47.5bUS$9.0bUS$1.7b28.9x27.4x5.2x
Sat, 11 Nov 2023US$44.9bUS$9.1bUS$1.7b25.8x25.9x5x
Mon, 09 Oct 2023US$62.6bUS$13.9bUS$2.6b25.9x24.4x4.5x
Wed, 06 Sep 2023US$48.0bUS$8.9bUS$1.7b28.9x28.3x5.4x
Fri, 04 Aug 2023US$50.9bUS$8.9bUS$1.7b31.6x30.6x5.7x
Sun, 02 Jul 2023US$50.9bUS$8.7bUS$1.6b35.8x31.8x5.8x
Tue, 30 May 2023US$51.8bUS$8.7bUS$1.6b33.7x32.3x5.9x
Thu, 27 Apr 2023US$53.0bUS$8.5bUS$1.6b32.7x33x6.2x
Sat, 25 Mar 2023US$51.2bUS$8.5bUS$1.6b32.2x31.8x6x
Price to Earnings Ratio

31.8x


Total Market Cap: US$51.2bTotal Earnings: US$1.6bTotal Revenue: US$8.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Water Utilities Industry Price to Earnings3Y Average 25.1x202420252026
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 25.1x.
  • 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 Trends

Which industries have driven the changes within the U.S. Utilities industry?

US Market-0.97%
Utilities0.96%
Water Utilities2.91%
Water2.91%
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$138.234.1%
+US$1.1b		-4.5%PE24.3x
WTRG Essential UtilitiesUS$40.823.3%
+US$370.9m		2.8%PE18.7x
HTO H2O AmericaUS$58.061.3%
+US$32.2m		8.6%PE23.7x
AWR American States WaterUS$74.211.0%
+US$27.7m		-3.7%PE22.3x
CWT California Water Service GroupUS$44.340.9%
+US$23.3m		-5.4%PE20.6x

Latest News

WTRG
US$40.82
Essential Utilities
7D
3.3%
1Y
2.8%
CWT
US$44.34
California Water Service Group
7D
0.9%
1Y
-5.4%
AWK
US$138.23
American Water Works Company
7D
4.1%
1Y
-4.5%
HTO
US$58.06
H2O America
7D
1.3%
1Y
8.6%

HTO: Capital Raises And Dividend Policy Will Shape A Balanced Outlook

Analysts have raised their price target for H2O America to $62.60 from $61.67, reflecting updated assumptions regarding revenue growth, profit margins, and future P/E levels. What's in the News H2O America completed a follow on equity offering of approximately $608.7m, issuing 11,484,824 common shares at $53 per share with a discount of $1.7225 per share (Key Developments).
ARTN.A
US$31.65
Artesian Resources
7D
-2.7%
1Y
-2.2%
CWCO
US$31.35
Consolidated Water
7D
-9.1%
1Y
15.5%

CWCO: Stable Assumptions And Maintained Future P/E Will Support Upside

Analysts have maintained their consolidated fair value estimate for Consolidated Water at $43, reflecting updated assumptions around discount rate, revenue growth, profit margin, and future P/E that together indicate no change in their overall price target view. Valuation Changes Fair Value: Remains unchanged at $43.00, indicating no adjustment to the consolidated fair value estimate.
YORW
US$31.15
York Water
7D
-1.8%
1Y
-9.8%
GWRS
US$7.53
Global Water Resources
7D
-1.6%
1Y
-32.6%

GWRS: Fair Value View Will Rely On Slightly Stronger Margins And Revenue

Analysts have maintained their price target on Global Water Resources at $9.60, reflecting updated assumptions around slightly higher revenue growth and profit margins, along with a modestly lower future P/E multiple. Valuation Changes Fair Value: Maintained at $9.60 per share, indicating no change in the central valuation estimate.
AWR
US$74.21
American States Water
7D
1.0%
1Y
-3.7%
MSEX
US$51.31
Middlesex Water
7D
-1.5%
1Y
-15.7%
CDZI
US$5.09
Cadiz
7D
-3.8%
1Y
48.0%
PCYO
US$10.43
Pure Cycle
7D
3.5%
1Y
-1.7%