# MUELLER WATER PRODUCTS (MWA) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Machinery. Price $23.95, market value $3.7 billion.

## Valuation
- **P/E (trailing): 16.9×** (5-yr avg 24.9×, 3-yr avg 23.9×). MUELLER WATER PRODUCTS trades at 16.9× trailing earnings, well below its own five-year average of 24.9×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 14.9×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.23**. A PEG of 0.23 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.5×**. Each dollar of revenue is priced at 2.5×.
- **Price / book: 3.3×**. The shares trade at 3.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 12.4×**. Enterprise value is 12.4× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.8%** (5-yr avg 3.4%). Free cash flow equals 4.8% of the market value, above its five-year average of 3.4%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 5.9%**. The inverse of the P/E: 5.9% of the price is earned each year.

## Profitability
- **Gross margin: 37.9%**. MUELLER WATER PRODUCTS keeps 37.9% of revenue after the direct cost of what it sells.
- **Operating margin: 19.4%**. 19.4% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 13.4%**. 13.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 19.5%**. 19.5% on shareholders' equity is solid.
- **Return on invested capital: 15.8%**. Return on all capital, debt included, is 15.8%: comfortably above what that capital costs.
- **Return on assets: 12.1%**. Each dollar of assets produces 12.1% of profit.

## Growth
- **Revenue growth (1 yr): 8.7%** (3-yr 4.7%/yr, 5-yr 8.2%/yr). Revenue grew 8.7% over the last year, against 8.2% a year compounded over five years.
- **EPS growth (1 yr): 64.9%** (3-yr 36.5%/yr). Earnings per share rose 64.9%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.46**. Debt is 0.46 times equity: a conservative balance sheet.
- **Current ratio: 3.54** (quick 3.54). Current assets cover the next year's liabilities 3.54 times.
- **Altman Z-score: 5.09**. A Z-score of 5.09 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 1.17%** ($0.28 per share, trailing). MUELLER WATER PRODUCTS yields 1.17%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 22%** (24% of free cash flow). 22% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 20**. 20 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 4.8%/yr** (1-yr 4.6%). The dividend has grown 4.8% a year over five years.

## Price and momentum
- **Total return (1 yr): -9.8%** (YTD 1.1%, 3-mo -5.4%). The shares are down 9.8% over twelve months including dividends.
- **From 52-week high: -22.7%** (5.3% above the low). Trading 23% 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): 38**. An RSI of 38 is neutral.
- **Beta (1 yr): 0.76** (volatility 26%). Beta of 0.76 against the S&P 500: the shares move roughly with the market.

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

Not investment advice.