# American States Water Company (AWR) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Utilities / Water Utilities. Price $88.53, market value $3.5 billion.

## Valuation
- **P/E (trailing): 24.2×** (5-yr avg 28.9×, 3-yr avg 22.4×). American States Water Company trades at 24.2× trailing earnings, close to its own five-year average of 28.9×. The Utilities median in the September 2026 study was 21.2×. Forward P/E is 23.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 3.69**. A PEG of 3.69 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 5.0×**. Each dollar of revenue is priced at 5.0×.
- **Price / book: 3.1×**. The shares trade at 3.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 15.7×**. Enterprise value is 15.7× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 0.6%** (5-yr avg -1.6%). Free cash flow equals 0.6% of the market value, above its five-year average of -1.6%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 4.1%**. The inverse of the P/E: 4.1% of the price is earned each year.

## Profitability
- **Operating margin: 31.8%**. 31.8% of revenue is left after running the business, an exceptional level.
- **Net margin: 19.8%**. 19.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.5%**. 12.5% on shareholders' equity is solid.
- **Return on invested capital: 9.7%**. Return on all capital, debt included, is 9.7%.
- **Return on assets: 5.3%**. Each dollar of assets produces 5.3% of profit.

## Growth
- **Revenue growth (1 yr): 10.5%** (3-yr 10.2%/yr, 5-yr 6.2%/yr). Revenue grew 10.5% over the last year, against 6.2% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 6.3%** (3-yr 16.9%/yr, 5-yr 7.7%/yr). Earnings per share rose 6.3%, roughly in step with revenue.

## Financial health
- **Debt to equity: 0.75**. Debt is 0.75 times equity, moderate leverage.
- **Net debt / EBITDA: 2.8×**. It would take 2.8 years of operating earnings to repay net borrowings, within the comfortable range.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.46%** ($2.02 per share, trailing). American States Water Company yields 2.46%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 57%** (378% of free cash flow). 57% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 24**. 24 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 8.7%/yr** (1-yr 8.3%). The dividend has grown 8.7% a year over five years.

## Price and momentum
- **Total return (1 yr): 21.7%** (YTD 23.8%, 3-mo 13.0%). The shares are up 21.7% over twelve months including dividends.
- **From 52-week high: -3.5%** (27.5% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): -0.26** (volatility 21%). Beta of -0.26 against the S&P 500: the shares move much less than the market.

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

Not investment advice.