# Avista Corporation (AVA) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Utilities / Multi-Utilities. Price $37.55, market value $3.1 billion.

## Valuation
- **P/E (trailing): 13.6×** (5-yr avg 15.7×, 3-yr avg 14.9×). Avista Corporation trades at 13.6× trailing earnings, close to its own five-year average of 15.7×. The Utilities median in the September 2026 study was 21.2×. Forward P/E is 13.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 3.43**. A PEG of 3.43 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 1.6×**. Each dollar of revenue is priced at 1.6×.
- **Price / book: 1.1×**. The shares trade at 1.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.5×**. Enterprise value is 5.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -3.3%** (5-yr avg -4.9%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 7.4%**. The inverse of the P/E: 7.4% of the price is earned each year.

## Profitability
- **Operating margin: 18.8%**. 18.8% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 9.8%**. 9.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 7.1%**. 7.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 9.2%**. Return on all capital, debt included, is 9.2%.
- **Return on assets: 2.7%**. Each dollar of assets produces 2.7% of profit.

## Growth
- **Revenue growth (1 yr): 1.3%** (3-yr 4.7%/yr, 5-yr 8.2%/yr). Revenue grew 1.3% over the last year, against 8.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 3.9%** (3-yr 3.9%/yr, 5-yr 4.6%/yr). Earnings per share rose 3.9%, roughly in step with revenue.

## Financial health
- **Debt to equity: 0.14**. Debt is 0.14 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.6×**. It would take 0.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 1.16**. A Z-score of 1.16 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 5.24%** ($1.97 per share, trailing). Avista Corporation yields 5.24%, an income-level yield.
- **Payout ratio: 82%**. 82% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 3.9%/yr** (1-yr 3.2%). The dividend has grown 3.9% a year over five years.

## Price and momentum
- **Total return (1 yr): 6.3%** (YTD -0.2%, 3-mo -11.5%). The shares are up 6.3% over twelve months including dividends.
- **From 52-week high: -13.7%** (5.8% above the low). Trading 14% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 39**. An RSI of 39 is neutral.
- **Beta (1 yr): -0.13** (volatility 19%). Beta of -0.13 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AVA · Page: https://foliofundamentals.com/stocks/ava

Not investment advice.