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U.S. Water Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies16
  • 7D1.6%
  • 3M8.3%
  • 1Y-2.3%
  • YTDn/a

In the last week, the Water industry is up 1.6%, with all of the companies up. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 9.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$50.2bUS$10.7bUS$2.2b23.3x23.1x4.7x
Tue, 03 Mar 2026US$48.9bUS$10.7bUS$2.2b22.4x22.5x4.6x
Thu, 29 Jan 2026US$47.5bUS$10.5bUS$2.2b21.6x21.2x4.5x
Sat, 27 Dec 2025US$47.1bUS$10.5bUS$2.2b21.8x21x4.5x
Mon, 24 Nov 2025US$47.7bUS$10.5bUS$2.2b21.4x21.3x4.5x
Wed, 22 Oct 2025US$55.5bUS$10.9bUS$2.1b23.5x26.6x5.1x
Fri, 19 Sep 2025US$51.1bUS$10.9bUS$2.1b22.1x24.3x4.7x
Sun, 17 Aug 2025US$50.6bUS$10.3bUS$2.2b22.1x23.3x4.9x
Tue, 15 Jul 2025US$48.7bUS$10.0bUS$2.1b23.2x23x4.9x
Thu, 12 Jun 2025US$49.1bUS$10.0bUS$2.1b23.8x23.2x4.9x
Sat, 10 May 2025US$50.5bUS$9.9bUS$2.1b21.6x23.9x5.1x
Mon, 07 Apr 2025US$50.4bUS$9.8bUS$2.1b21.4x23.6x5.2x
Wed, 05 Mar 2025US$48.7bUS$9.8bUS$2.1b20.4x22.7x5x
Fri, 31 Jan 2025US$44.0bUS$9.4bUS$2.0b20.9x21.7x4.7x
Sun, 29 Dec 2024US$45.0bUS$9.4bUS$2.0b22.3x22.2x4.8x
Tue, 26 Nov 2024US$49.2bUS$9.4bUS$2.0b24.5x24.3x5.2x
Thu, 24 Oct 2024US$49.9bUS$9.2bUS$2.0b23.2x25.4x5.5x
Sat, 21 Sep 2024US$51.2bUS$9.2bUS$2.0b23.8x26x5.6x
Mon, 19 Aug 2024US$49.8bUS$9.2bUS$2.0b24.3x25.3x5.4x
Wed, 17 Jul 2024US$48.3bUS$9.0bUS$2.0b23.6x24.6x5.3x
Fri, 14 Jun 2024US$45.3bUS$9.0bUS$2.0b21.4x23.1x5x
Sun, 12 May 2024US$48.2bUS$9.0bUS$2.0b23.7x24.6x5.3x
Tue, 09 Apr 2024US$42.7bUS$8.9bUS$1.8b22.1x23.9x4.8x
Thu, 07 Mar 2024US$42.7bUS$8.9bUS$1.8b23.7x24.1x4.8x
Sat, 03 Feb 2024US$44.8bUS$9.0bUS$1.7b25x25.9x5x
Mon, 01 Jan 2024US$47.9bUS$9.0bUS$1.7b27.7x27.7x5.3x
Wed, 29 Nov 2023US$47.1bUS$9.0bUS$1.7b27.5x27.2x5.2x
Fri, 27 Oct 2023US$43.2bUS$8.9bUS$1.7b25.4x25.4x4.8x
Sun, 24 Sep 2023US$46.9bUS$8.9bUS$1.7b28x27.7x5.3x
Tue, 22 Aug 2023US$49.5bUS$8.9bUS$1.7b29.7x29.2x5.5x
Thu, 20 Jul 2023US$51.7bUS$8.7bUS$1.6b32.9x32.2x5.9x
Sat, 17 Jun 2023US$52.7bUS$8.7bUS$1.6b35.2x32.9x6.1x
Mon, 15 May 2023US$53.1bUS$8.7bUS$1.6b34.5x33x6.1x
Wed, 12 Apr 2023US$54.8bUS$8.5bUS$1.6b33.9x34.1x6.4x
Price to Earnings Ratio

34.1x


Total Market Cap: US$54.8bTotal Earnings: US$1.6bTotal Revenue: US$8.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Water Industry Price to Earnings3Y Average 25x202420252026
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 25.0x.
  • The industry is trading close to its 3-year average PS ratio of 5.1x.
Past Earnings Growth
  • The earnings for companies in the Water Utilities industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 7.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Water compare with similar industries?

US Market3.46%
Utilities1.59%
Water Utilities1.61%
Water1.61%
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$138.140.9%
+US$250.0m		-6.2%PE24.3x
WTRG Essential UtilitiesUS$41.081.8%
+US$209.6m		3.8%PE18.9x
AWR American States WaterUS$77.593.3%
+US$97.3m		-1.2%PE23.3x
CWT California Water Service GroupUS$46.252.8%
+US$74.0m		-4.6%PE21.5x
HTO H2O AmericaUS$59.182.1%
+US$50.6m		10.6%PE24.1x

Latest News

WTRG
US$41.08
Essential Utilities
7D
1.8%
1Y
3.8%

Essential Utilities: Not Too Late To Buy Now

Apr 04
CWT
US$46.25
California Water Service Group
7D
2.8%
1Y
-4.6%

CWT: Regulated Rate Decision And Dividend Increase Will Support Future Upside

Analysts have kept their $52 price target for California Water Service Group unchanged. This reflects steady assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E.
AWR
US$77.59
American States Water
7D
3.3%
1Y
-1.2%
YORW
US$31.29
York Water
7D
3.5%
1Y
-9.6%
HTO
US$59.18
H2O America
7D
2.1%
1Y
10.6%

HTO: Equity Issuance And Dividend Increases Will Support A Balanced Outlook

Analysts kept their $62.60 price target for H2O America unchanged, citing largely consistent assumptions around the discount rate, revenue growth, profit margin and future P/E, with only negligible technical adjustments in the underlying model inputs. What's in the News H2O America filed a follow on equity offering of $400 million in common stock, signaling plans to raise additional capital through the public markets (Key Developments).
MSEX
US$53.80
Middlesex Water
7D
3.9%
1Y
-15.6%
CWCO
US$33.99
Consolidated Water
7D
5.9%
1Y
41.3%
AWK
US$138.14
American Water Works Company
7D
0.9%
1Y
-6.2%

AWK: Pending Essential Utilities Merger Will Shape Neutral Yet Balanced Outlook

Analysts recently raised their price target on American Water Works Company to $139 from $117, highlighting their view that earlier concerns are already reflected in the stock. They also noted that these concerns could be further addressed if the pending Essential Utilities merger is ultimately approved.