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U.S. Water Utilities Industry Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies17
  • 7D2.1%
  • 3M-5.6%
  • 1Y8.8%
  • YTD1.7%

Over the last 7 days, the Water Utilities industry has risen 2.1%, driven by gains from every company within the industry. This takes the industry's 12 month performance to a gain of 8.8%. As for the next few years, earnings are expected to grow by 8.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 14 Jan 2026US$47.3bUS$10.5bUS$2.2b22x21.1x4.5x
Fri, 12 Dec 2025US$46.1bUS$10.5bUS$2.2b21.8x20.6x4.4x
Sun, 09 Nov 2025US$50.5bUS$11.1bUS$2.2b22.3x23.5x4.5x
Tue, 07 Oct 2025US$52.4bUS$10.9bUS$2.1b21.9x25.1x4.8x
Thu, 04 Sep 2025US$49.9bUS$10.3bUS$2.2b22.1x22.9x4.8x
Sat, 02 Aug 2025US$47.9bUS$10.3bUS$2.2b21.8x22.1x4.7x
Mon, 30 Jun 2025US$47.8bUS$10.0bUS$2.1b22.7x22.5x4.8x
Wed, 28 May 2025US$49.6bUS$10.0bUS$2.1b24.1x23.4x4.9x
Fri, 25 Apr 2025US$51.1bUS$9.8bUS$2.1b21.2x23.9x5.2x
Sun, 23 Mar 2025US$48.6bUS$9.7bUS$2.1b23.5x22.7x5x
Tue, 18 Feb 2025US$44.4bUS$9.4bUS$2.0b21.7x21.9x4.7x
Thu, 16 Jan 2025US$43.1bUS$9.4bUS$2.0b20.9x21.3x4.6x
Sat, 14 Dec 2024US$47.3bUS$9.4bUS$2.0b23.6x23.4x5x
Mon, 11 Nov 2024US$49.1bUS$9.4bUS$2.0b25.4x24.3x5.2x
Wed, 09 Oct 2024US$48.3bUS$9.2bUS$2.0b22.3x24.6x5.3x
Fri, 06 Sep 2024US$50.3bUS$9.2bUS$2.0b24x25.5x5.5x
Sun, 04 Aug 2024US$51.9bUS$9.2bUS$2.0b25.8x26x5.7x
Tue, 02 Jul 2024US$45.7bUS$9.0bUS$2.0b21.6x23.2x5.1x
Thu, 30 May 2024US$44.9bUS$9.0bUS$2.0b20.9x22.8x5x
Sat, 27 Apr 2024US$43.4bUS$9.1bUS$1.9b21.3x23.1x4.8x
Mon, 25 Mar 2024US$43.0bUS$8.9bUS$1.8b21.9x24.2x4.8x
Wed, 21 Feb 2024US$44.1bUS$9.1bUS$1.8b23.6x25.1x4.8x
Fri, 19 Jan 2024US$45.8bUS$9.0bUS$1.7b25.6x26.4x5.1x
Sun, 17 Dec 2023US$47.8bUS$9.0bUS$1.7b27.8x27.6x5.3x
Tue, 14 Nov 2023US$44.3bUS$9.1bUS$1.7b25.6x25.5x4.9x
Thu, 12 Oct 2023US$62.8bUS$13.9bUS$2.6b26.3x24.5x4.5x
Sat, 09 Sep 2023US$48.3bUS$8.9bUS$1.7b29.2x28.5x5.4x
Mon, 07 Aug 2023US$50.9bUS$8.9bUS$1.7b31.3x30.5x5.7x
Wed, 05 Jul 2023US$51.3bUS$8.7bUS$1.6b35.9x32x5.9x
Fri, 02 Jun 2023US$51.5bUS$8.7bUS$1.6b33.5x32.1x5.9x
Sun, 30 Apr 2023US$52.6bUS$8.6bUS$1.6b33.5x33x6.1x
Tue, 28 Mar 2023US$51.2bUS$8.5bUS$1.6b31.8x31.8x6x
Thu, 23 Feb 2023US$51.6bUS$8.3bUS$1.6b35x32.7x6.2x
Sat, 21 Jan 2023US$52.7bUS$8.3bUS$2.1b35x25.4x6.3x
Price to Earnings Ratio

25.4x


Total Market Cap: US$52.7bTotal Earnings: US$2.1bTotal Revenue: US$8.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Water Utilities Industry Price to Earnings3Y Average 25.6x202420252026
Current Industry PE
  • Investors are pessimistic on the American Water Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 21.1x which is lower than its 3-year average PE of 25.6x.
  • The 3-year average PS ratio of 5.2x 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 2.5% per year over the last three years.
  • Revenues for these companies have grown 8.1% 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 Market0.24%
Utilities-0.13%
Water Utilities2.08%
Water2.08%
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$131.261.8%
+US$446.8m		7.1%PE23x
WTRG Essential UtilitiesUS$39.191.8%
+US$200.9m		14.9%PE16.6x
CWT California Water Service GroupUS$44.522.7%
+US$70.9m		3.8%PE19.5x
HTO H2O AmericaUS$52.112.9%
+US$52.3m		12.8%PE17.1x
CDZI CadizUS$6.6010.0%
+US$49.9m		33.1%PS34.3x

Latest News

CDZI
US$6.60
Cadiz
7D
10.0%
1Y
33.1%

Is Cadiz (NASDAQ:CDZI) Using Too Much Debt?

Jan 14
Is Cadiz (NASDAQ:CDZI) Using Too Much Debt?
AWK
US$131.26
American Water Works Company
7D
1.8%
1Y
7.1%

AWK: Merger Path And EPS Guidance Will Shape A Measured Outlook

Analysts have trimmed their fair value estimate for American Water Works Company to $143 from about $143.78, reflecting slightly softer revenue growth assumptions, a higher discount rate, and a modestly lower future P/E multiple, even as they factor in merger potential highlighted in recent rating and price target changes across the Street. Analyst Commentary Recent Street research on American Water Works Company reflects a mixed but generally balanced stance, with several firms resetting ratings and targets around the proposed merger with Essential Utilities and broader sector views on utilities.
CWCO
US$37.03
Consolidated Water
7D
3.9%
1Y
42.5%

CWCO: New Recycling Contract Will Support Future Margins And Share Gains

The analyst price target for Consolidated Water remains at US$42.50, as analysts point to steady fair value, discount rate and earnings assumptions with no material shifts in their underlying models. What's in the News Consolidated Water Co. Ltd.
WTRG
US$39.19
Essential Utilities
7D
1.8%
1Y
14.9%

WTRG: All Stock Merger Terms Will Support Long Term Upside Potential

Analysts now see fair value for Essential Utilities at about $43.00 per share, broadly in line with recent price targets clustered around $43 to $46. This reflects a reset in expectations after the announced all stock merger with American Water.
CWT
US$44.52
California Water Service Group
7D
2.7%
1Y
3.8%
AWR
US$73.82
American States Water
7D
1.8%
1Y
2.2%

American States Water Company's (NYSE:AWR) Business Is Yet to Catch Up With Its Share Price

Jan 06
American States Water Company's (NYSE:AWR) Business Is Yet to Catch Up With Its Share Price
MSEX
US$52.56
Middlesex Water
7D
3.2%
1Y
5.7%
HTO
US$52.11
H2O America
7D
2.9%
1Y
12.8%