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AWRAmerican States Water Company
$83.24$3.3B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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AWR logo

American States Water Company

AWR
NYSE · Water Utilities
$83.24
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$3.26B
P/E24.7x
52W High$91.46
Volume277.44K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Rate Base Growth Drives Earnings Acceleration

American States Water Company is executing a robust capital investment cycle, with net PPE expanding 20% year-over-year to $2.4B in Q2 2026, which is translating into accelerating revenue growth of 11.2% and EPS growth of 25.3% in the same quarter. The company...

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

AWR price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

+13% Peers

P/E is 13% above peer median

03

Market leadership

RS 66 · Avg

Average momentum (RS Rating: 66)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Nov 5

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AWR+17.34%
S&P 500 (^GSPC)+12.39%
1-Year Return
AWR+18.58%
S&P 500 (^GSPC)+15.77%
3-Year Return
AWR+10.16%
S&P 500 (^GSPC)+75.57%
5-Year Return
AWR+5.58%
S&P 500 (^GSPC)+71.88%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
24.7x
Forward P/EExpansion
22.8x
EV/EBITDA40th %ile
16.6x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
24.7x
24.5x
60th· Fair
EV/EBITDA
16.6x
16.8x
40th· Fair
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$45.97-44.8%
Base (Fair)$36.72-57.1%
Bull$23.26-72.1%
$45.97 Bear$36.72 Base$23.26 Bull
Current Market Price: $83.24
Trades at a 126.7% premium to Base DCF ($36.72)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$658M+10.5% YoY
Net income
$130M+9.4% YoY
Free cash flow
-$7M+78.7% YoY
Operating margin
30.9%-0.1 pts YoY
ROIC (TTM)8%
Avg ROIC 5Y-
ROE (TTM)13.3%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
$1.09+19.1%
vs $0.92
$181M+5.6%
vs $172M
Q2 2026
May 6, 2026
$0.76-1.3%
vs $0.77
$169M+7.8%
vs $157M
Q1 2026
Feb 18, 2026
$0.74-1.5%
vs $0.75
$164M+21.7%
vs $135M
Q4 2025
Nov 5, 2025
$1.06+5.0%
vs $1.01
$183M+8.2%
vs $169M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Seeking Alpha·5d ago
The Dividend Kings Ranked By Quality Scores (September 2026)

Dividend Kings have a 50+ year track record of increasing dividends, showcasing resilience through economic challenges. I rank the Dividend Kings using my 9F Quality Scores, blending qualitative and quantitative factors for a robust, investment-grade assessment. ADP stands out as the best total-return candidate. It is undervalued, high-quality, and offering a strong projected dividend growth rate and Adjusted Chowder Number.

Defense World·Sep 17, 2026
Engineers Gate Manager LP Sells 5,762 Shares of American States Water Company $AWR

Engineers Gate Manager LP lessened its stake in shares of American States Water Company (NYSE: AWR) by 24.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,133 shares of the utilities provider's stock after selling 5,762 shares during the period. Engineers Gate Manager

Zacks Investment Research·Sep 4, 2026
Why Is American States Water (AWR) Up 4.7% Since Last Earnings Report?

American States Water (AWR) reported earnings 30 days ago. What's next for the stock?

Defense World·Aug 30, 2026
Bank of New York Mellon Corp Acquires Shares of 342,941 American States Water Company $AWR

Bank of New York Mellon Corp acquired a new stake in American States Water Company (NYSE: AWR) during the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 342,941 shares of the utilities provider's stock, valued at approximately $28,337,000. Bank of New York Mellon

Filtered for American States Water CompanyMore Headlines
04

Compare before deciding

Benchmark AWR against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for American States Water Company (AWR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AWR logoAWRAmerican States Water CompanyCurrent
$83.24$3.26B24.7010.52%19.82%13.27%2.32%
WTRG logoWTRGEssential Utilities, Inc.
$40.18$11.4B18.2618.62%21.6%8.05%—
CWT logoCWTCalifornia Water Service Group
$46.07$2.76B21.43-3.54%12.63%7.61%—
MSEX logoMSEXMiddlesex Water Company
$53.65$999.19M22.731.47%23.26%9.57%—
YORW logoYORWThe York Water Company
$30.93$501.35M22.253.37%401.03%9.38%—
ARTNA logoARTNAArtesian Resources Corporation
$33.75$348.45M15.274.62%20.18%9.37%—

Compare AWR vs Peers

American States Water Company (AWR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WTRG

Most directly comparable listed peer for AWR.

Scale Benchmark

vs NEE

Larger-name benchmark to compare AWR against a more recognizable public peer.

Peer Set

Compare Top 5

vs WTRG, CWT, MSEX, YORW

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

AWR SEC Filings & Documents

American States Water Company (AWR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 5, 2026·SEC

Material company update

May 21, 2026·SEC

Material company update

May 6, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 19, 2025·SEC

FY 2024

Feb 21, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

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AWR Frequently Asked Questions

American States Water Company (AWR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is American States Water Company's revenue?

American States Water Company (AWR) reported $697.5M in revenue for fiscal year 2025. This represents a 360% increase from $151.5M in 1996.

How fast is American States Water Company growing?

American States Water Company (AWR) grew revenue by 10.5% over the past year. This is steady growth.

Is AWR profitable?

Yes, American States Water Company (AWR) is profitable, generating $143.1M in net income for fiscal year 2025 (19.8% net margin).

Dividend & Returns
Does AWR pay dividends?

Yes, American States Water Company (AWR) pays a dividend with a yield of 2.32%. This makes it attractive for income-focused investors.

What is AWR's return on equity?

American States Water Company (AWR) has a return on equity (ROE) of 13.3%. This is reasonable for most industries.

What is American States Water Company's free cash flow?

American States Water Company (AWR) generated $20.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics
Is AWR's dividend sustainable?

American States Water Company (AWR) has a dividend payout ratio of 57%. This suggests the dividend is well-covered and sustainable.

What if you invested $1,000 in AWR back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →