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U.S. Water Utilities Industry Analysis

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies18
  • 7D-0.8%
  • 3M-3.9%
  • 1Y-6.4%
  • YTD-1.1%

The Water Utilities industry has stayed flat over the last week. Unfortunately though, the industry is down 6.4% over the past 12 months. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Jun 2026US$46.0bUS$10.9bUS$2.1b22.9x21.9x4.2x
Fri, 22 May 2026US$45.3bUS$10.9bUS$2.1b22x21.6x4.2x
Sun, 19 Apr 2026US$48.1bUS$10.7bUS$2.2b22.8x22.2x4.5x
Tue, 17 Mar 2026US$50.4bUS$10.7bUS$2.2b22.7x23.2x4.7x
Thu, 12 Feb 2026US$45.7bUS$10.5bUS$2.2b21.2x20.4x4.4x
Sat, 10 Jan 2026US$46.6bUS$10.5bUS$2.2b21.9x20.8x4.4x
Mon, 08 Dec 2025US$46.6bUS$10.5bUS$2.2b21.9x20.8x4.4x
Wed, 05 Nov 2025US$48.6bUS$11.1bUS$2.1b22.5x22.9x4.4x
Fri, 03 Oct 2025US$51.8bUS$10.9bUS$2.1b21.8x24.8x4.7x
Sun, 31 Aug 2025US$50.7bUS$10.3bUS$2.2b22.3x23.3x4.9x
Tue, 29 Jul 2025US$47.9bUS$10.0bUS$2.1b21.4x22.6x4.8x
Thu, 26 Jun 2025US$49.1bUS$10.0bUS$2.1b22.7x23.2x4.9x
Sat, 24 May 2025US$49.2bUS$10.0bUS$2.1b23.8x23.2x4.9x
Mon, 21 Apr 2025US$51.3bUS$9.8bUS$2.1b21.5x24x5.3x
Wed, 19 Mar 2025US$50.0bUS$9.7bUS$2.1b24.1x23.4x5.1x
Fri, 14 Feb 2025US$44.4bUS$9.4bUS$2.0b20.9x21.9x4.7x
Sun, 12 Jan 2025US$42.7bUS$9.4bUS$2.0b20.7x21.1x4.5x
Tue, 10 Dec 2024US$47.6bUS$9.4bUS$2.0b23.5x23.5x5.1x
Thu, 07 Nov 2024US$49.1bUS$9.4bUS$2.0b23.9x24.3x5.2x
Sat, 05 Oct 2024US$50.1bUS$9.2bUS$2.0b22.9x25.4x5.5x
Mon, 02 Sep 2024US$50.1bUS$9.2bUS$2.0b24.4x25.5x5.5x
Wed, 31 Jul 2024US$50.1bUS$9.1bUS$2.0b24.2x25.4x5.5x
Fri, 28 Jun 2024US$45.6bUS$9.0bUS$2.0b22x23.2x5x
Sun, 26 May 2024US$45.7bUS$9.0bUS$2.0b22.8x23.3x5.1x
Tue, 23 Apr 2024US$42.6bUS$8.9bUS$1.8b21.5x23.9x4.8x
Thu, 21 Mar 2024US$42.8bUS$8.9bUS$1.8b22.1x24.1x4.8x
Sat, 17 Feb 2024US$44.8bUS$9.1bUS$1.8b23.7x25.6x4.9x
Mon, 15 Jan 2024US$47.8bUS$9.0bUS$1.7b26.6x27.6x5.3x
Wed, 13 Dec 2023US$47.5bUS$9.0bUS$1.7b28x27.4x5.2x
Fri, 10 Nov 2023US$45.6bUS$9.0bUS$1.7b26.7x26.3x5x
Sun, 08 Oct 2023US$62.6bUS$13.9bUS$2.6b25.9x24.4x4.5x
Tue, 05 Sep 2023US$48.7bUS$8.9bUS$1.7b29.1x28.7x5.5x
Thu, 03 Aug 2023US$52.0bUS$8.9bUS$1.7b32.1x31.2x5.9x
Sat, 01 Jul 2023US$50.9bUS$8.7bUS$1.6b35.8x31.8x5.8x
Price to Earnings Ratio

31.8x


Total Market Cap: US$50.9bTotal Earnings: US$1.6bTotal Revenue: US$8.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Water Utilities Industry Price to Earnings3Y Average 24.2x202420252026
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 24.2x.
  • The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Water Utilities industry have grown 9.4% 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 Market-2.31%
Utilities0.54%
Water Utilities-0.84%
Water-0.84%
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
CWT California Water Service GroupUS$46.281.8%
+US$49.7m		-0.8%PE23.3x
AWR American States WaterUS$79.031.5%
+US$46.2m		0.1%PE23.3x
CDZI CadizUS$4.075.4%
+US$17.7m		30.9%PS22.8x
HTO H2O AmericaUS$57.540.5%
+US$12.1m		8.8%PE22.9x
GWRS Global Water ResourcesUS$7.095.5%
+US$10.6m		-34.2%PE102x

Latest News

AWR
US$79.03
American States Water
7D
1.5%
1Y
0.1%
YORW
US$30.21
York Water
7D
1.2%
1Y
-7.4%
AWK
US$126.60
American Water Works Company
7D
-1.5%
1Y
-11.0%
WTRG
US$37.29
Essential Utilities
7D
-1.6%
1Y
-1.5%
CWCO
US$29.44
Consolidated Water
7D
-1.5%
1Y
-0.5%
GWRS
US$7.09
Global Water Resources
7D
5.5%
1Y
-34.2%
Narrative Update • Jun 15

GWRS: Future Rate Resolution Will Unlock Upside From Discounted Utility Profile

Analysts have maintained their $12.50 price target on Global Water Resources, citing only minor adjustments to long-term revenue growth, profit margin, and future P/E assumptions that did not materially change their view of the stock's valuation. What's in the News No recent news items, periodical coverage, or key developments were provided for Global Water Resources, so there are currently no specific events to highlight.
HTO
US$57.54
H2O America
7D
0.5%
1Y
8.8%
CWT
US$46.28
California Water Service Group
7D
1.8%
1Y
-0.8%
Narrative Update • Jun 07

CWT: Future Rate Mechanisms And Nexus Acquisition Will Support Regulated Revenue

Narrative Update on California Water Service Group Analysts have kept their price target for California Water Service Group steady at about $51.67, reflecting unchanged views on fair value, discount rate, revenue growth, profit margins, and future P/E assumptions. What's in the News California Water Service Group reported first quarter 2026 earnings that missed analyst estimates, with higher costs cited as a key factor.
CDZI
US$4.07
Cadiz
7D
5.4%
1Y
30.9%
PCYO
US$11.05
Pure Cycle
7D
1.1%
1Y
6.7%
MSEX
US$52.86
Middlesex Water
7D
0.7%
1Y
-7.0%
Seeking Alpha • May 27

Middlesex Water: Not My Favorite Utility, Though Valuation Has Improved (Rating Upgrade)

Summary Middlesex Water has corrected sharply from a period of prior overvaluation. MSEX remains a slow-growing, defensive utility, though its operational results have improved a bit lately. Interest rate environment and rising bond yields continue to pressure Middlesex and peers, limiting upside despite improved fundamentals. I upgrade Middlesex Water to a hold, but I prefer larger water utilities or other defensive stocks at the present time. Read the full article on Seeking Alpha
ARTN.A
US$32.68
Artesian Resources
7D
-0.2%
1Y
-3.4%