Last 48 quarters of trend data · Utilities · Water Utilities
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 24.81 | 19.42 | 18.95 | 24.88 | 24.49 | 17.29 | 22.03 | 28.10 | 25.91 | 21.92 | 21.34 | 29.13 | 36.55 | 23.14 | 20.91 | 23.90 | 46.27 | 28.24 | 37.74 | 58.57 | 47.02 |
| — | +12.3% | -14.0% | -11.5% | -5.5% | -21.1% | +3.2% | -3.5% | -29.1% | -5.3% | +2.1% | +21.9% | -21.0% | -18.1% | -44.6% | -59.2% | -1.6% | +0.4% | +36.6% | +61.1% | +27.7% | |
| P/S Ratio | 4.99 | 4.25 | 4.50 | 4.38 | 4.27 | 3.88 | 4.54 | 5.10 | 5.17 | 4.85 | 4.37 | 4.95 | 5.96 | 4.81 | 5.12 | 5.10 | 6.84 | 5.35 | 6.16 | 7.59 | 8.21 |
| — | +9.5% | -1.0% | -14.0% | -17.5% | -19.9% | +3.9% | +2.9% | -13.2% | +0.9% | -14.7% | -2.8% | -12.9% | -10.1% | -16.8% | -32.8% | -16.7% | -7.6% | +7.4% | +27.0% | +38.6% | |
| P/B Ratio | 3.33 | 2.87 | 2.91 | 2.79 | 2.68 | 2.81 | 3.05 | 3.16 | 3.22 | 3.57 | 3.26 | 3.35 | 3.84 | 3.78 | 4.27 | 4.51 | 4.83 | 4.09 | 4.35 | 4.79 | 5.58 |
| — | +1.9% | -4.5% | -11.7% | -16.7% | -21.2% | -6.5% | -5.8% | -16.3% | -5.6% | -23.7% | -25.7% | -20.5% | -7.6% | -1.8% | -6.0% | -13.5% | -12.2% | -1.9% | +11.3% | +21.8% | |
| P/FCF | 344.86 | 30.09 | — | 32.82 | — | 18.80 | 54.22 | — | 122.63 | — | — | — | — | — | — | — | — | — | — | 288.47 | — |
| — | +60.0% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 15.92 | 12.88 | 13.21 | 15.05 | 16.08 | 12.63 | 15.47 | 17.18 | 19.32 | 15.39 | 14.58 | 17.98 | 21.21 | 15.16 | 14.61 | 16.25 | 26.91 | 17.72 | 20.69 | 28.42 | 27.46 |
| — | +2.0% | -14.6% | -12.4% | -16.8% | -18.0% | +6.1% | -4.4% | -8.9% | +1.5% | -0.2% | +10.6% | -21.2% | -14.4% | -29.4% | -42.8% | -2.0% | -1.0% | +11.2% | +34.8% | +22.8% | |
| EV / EBIT | 21.89 | 15.10 | 17.14 | 18.65 | 27.36 | 14.18 | 17.37 | 20.81 | 23.06 | 17.21 | 16.51 | 22.81 | 24.67 | 17.83 | 16.22 | 19.91 | 33.47 | 21.67 | 28.41 | 40.55 | 34.25 |
| — | +6.5% | -1.3% | -10.4% | +18.7% | -17.6% | +5.2% | -8.8% | -6.5% | -3.5% | +1.8% | +14.6% | -26.3% | -17.7% | -42.9% | -50.9% | -2.3% | +0.1% | +28.2% | +51.3% | +26.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.8% | 68.8% | 70.1% | 51.7% | 46.7% | 58.3% | 73.6% | 77.3% | 73.8% | 74.1% | 77.0% | 52.4% | 76.1% | 73.2% | 77.5% | 75.1% | 77.6% | 72.9% | 73.7% | 75.7% | 75.8% |
| — | +18.1% | -4.8% | -33.0% | -36.8% | -21.4% | -4.4% | +47.6% | -3.0% | +1.3% | -0.7% | -30.3% | -1.8% | +0.3% | +5.1% | -0.8% | +2.3% | -0.8% | -2.5% | -3.5% | -2.5% | |
| Operating Margin | 30.9% | 35.0% | 35.3% | 30.4% | 27.4% | 33.8% | 31.3% | 30.8% | 27.0% | 34.0% | 33.3% | 28.8% | 27.9% | 34.1% | 37.4% | 31.7% | 22.0% | 29.9% | 28.0% | 22.4% | 25.7% |
| — | +3.4% | +12.9% | -1.3% | +1.4% | -0.7% | -6.2% | +6.8% | -3.0% | -0.2% | -11.0% | -9.1% | +26.5% | +14.2% | +33.8% | +41.2% | -14.4% | -4.5% | -5.0% | -13.4% | +9.2% | |
| Net Margin | 19.8% | 22.0% | 23.9% | 17.7% | 17.5% | 22.5% | 20.7% | 18.1% | 19.9% | 22.1% | 20.5% | 17.1% | 16.3% | 20.8% | 24.5% | 21.3% | 14.9% | 19.0% | 16.3% | 13.0% | 17.4% |
| — | -2.5% | +15.5% | -2.4% | -12.0% | +1.7% | +0.7% | +6.0% | +21.8% | +6.4% | -16.2% | -19.7% | +9.8% | +9.5% | +50.4% | +63.4% | -14.8% | -7.7% | -21.4% | -20.8% | +7.2% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.3% | 3.7% | 4.0% | 2.8% | 2.8% | 4.2% | 3.5% | 2.9% | 3.2% | 4.2% | 3.9% | 2.9% | 2.6% | 4.1% | 5.2% | 4.8% | 2.6% | 3.7% | 2.9% | 2.1% | 3.0% |
| — | -10.1% | +13.4% | -0.8% | -11.5% | -0.7% | -10.4% | -2.5% | +19.7% | +1.2% | -24.8% | -38.6% | +0.3% | +12.8% | +79.5% | +131.6% | -11.7% | -12.6% | -28.6% | -30.9% | -5.9% | |
| ROA | 5.0% | 1.5% | 1.6% | 1.1% | 1.1% | 1.6% | 1.3% | 1.1% | 1.2% | 1.5% | 1.4% | 1.0% | 0.9% | 1.5% | 1.8% | 1.7% | 0.9% | 1.3% | 1.0% | 0.7% | 1.1% |
| — | -3.2% | +20.2% | +3.3% | -7.4% | +4.0% | -4.8% | +4.4% | +25.9% | +3.4% | -25.1% | -39.3% | -1.0% | +11.4% | +77.6% | +126.3% | -14.0% | -13.9% | -29.4% | -30.9% | -6.2% | |
| ROIC | 8.0% | 2.6% | 2.5% | 2.0% | 1.7% | 2.4% | 2.0% | 1.8% | 1.6% | 2.3% | 2.2% | 1.7% | 1.6% | 2.4% | 2.9% | 2.6% | 1.5% | 2.2% | 1.9% | 1.4% | 1.7% |
| — | +5.6% | +22.8% | +6.3% | +9.4% | +5.5% | -9.5% | +6.5% | +0.6% | -4.9% | -21.8% | -33.5% | +8.7% | +10.8% | +48.9% | +87.1% | -15.9% | -12.9% | -15.8% | -26.3% | -6.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.90 | 0.80 | 0.71 | 0.87 | 0.90 | 0.91 | 0.98 | 0.99 | 1.02 | 1.08 | 1.13 | 1.15 | 1.18 | 1.11 | 1.10 | 1.08 | 1.04 | 0.99 | 0.98 | 0.94 | 0.92 |
| — | -12.4% | -27.2% | -11.7% | -11.6% | -15.2% | -13.7% | -13.9% | -13.8% | -3.3% | +3.2% | +6.9% | +14.3% | +12.4% | +11.9% | +14.8% | +12.9% | +9.5% | +6.5% | +4.8% | +0.3% | |
| Debt / EBITDA | 3.74 | 11.32 | 10.45 | 14.46 | 16.27 | 12.47 | 15.11 | 16.51 | 18.74 | 14.32 | 15.05 | 18.48 | 20.04 | 13.82 | 11.95 | 12.54 | 19.02 | 13.81 | 15.27 | 18.64 | 15.51 |
| — | -9.3% | -30.8% | -12.4% | -13.2% | -12.9% | +0.4% | -10.7% | -6.5% | +3.6% | +26.0% | +47.3% | +5.4% | +0.1% | -21.8% | -32.7% | +22.6% | +18.6% | +19.1% | +28.3% | +3.2% | |
| Current Ratio | 1.32 | 0.88 | 0.98 | 1.22 | 1.32 | 1.27 | 1.56 | 0.81 | 0.82 | 0.69 | 0.70 | 1.15 | 1.24 | 0.98 | 1.20 | 0.45 | 0.38 | 0.37 | 0.40 | 0.82 | 0.89 |
| — | -30.6% | -37.0% | +50.6% | +61.9% | +83.6% | +122.2% | -29.5% | -33.9% | -29.6% | -41.6% | +153.0% | +224.0% | +164.3% | +200.8% | -44.4% | -57.0% | -60.9% | -67.4% | -22.3% | -33.0% | |
| Quick Ratio | 1.23 | 0.81 | 0.90 | 1.13 | 1.23 | 1.18 | 1.46 | 0.76 | 0.76 | 0.64 | 0.64 | 1.06 | 1.13 | 0.90 | 1.08 | 0.40 | 0.34 | 0.34 | 0.36 | 0.74 | 0.81 |
| — | -31.4% | -38.3% | +49.0% | +60.9% | +84.8% | +126.6% | -28.4% | -32.4% | -28.8% | -40.3% | +163.7% | +228.1% | +167.9% | +199.1% | -46.0% | -57.4% | -62.0% | -68.5% | -23.8% | -35.4% | |
| Interest Coverage | 4.63 | 5.81 | 4.84 | 4.29 | 3.13 | 5.62 | 4.63 | 3.92 | 3.76 | 4.47 | 4.21 | 3.06 | 3.63 | 4.52 | 5.82 | 5.40 | 3.99 | 5.64 | 5.15 | 4.32 | 6.51 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying AWR stock.
American States Water Company's current P/E is 24.8x. The average P/E over the last 4 quarters is 21.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
American States Water Company's current operating margin is 30.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking American States Water Company's business trajectory between earnings reports.