Last 48 quarters of trend data · Utilities · Regulated Water
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
American States Water Company's quarterly P/E stands at 24.9x, down 11.5% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 11.5% YoY to 15.2x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 22.50 | 24.88 | 24.49 | 17.29 | 22.03 | 28.10 | 25.91 | 21.92 | 21.34 | 29.13 | 36.55 | 23.14 | 20.91 |
| — | -11.5% | -5.5% | -21.1% | +3.2% | -3.5% | -29.1% | -5.3% | +2.1% | +21.9% | -21.0% | -18.1% | -44.6% | |
| P/S Ratio | 4.52 | 4.38 | 4.27 | 3.88 | 4.54 | 5.10 | 5.17 | 4.85 | 4.37 | 4.95 | 5.96 | 4.81 | 5.12 |
| — | -14.0% | -17.5% | -19.9% | +3.9% | +2.9% | -13.2% | +0.9% | -14.7% | -2.8% | -12.9% | -10.1% | -16.8% | |
| P/B Ratio | 2.81 | 2.79 | 2.68 | 2.81 | 3.05 | 3.16 | 3.22 | 3.57 | 3.26 | 3.35 | 3.84 | 3.78 | 4.27 |
| — | -11.7% | -16.7% | -21.2% | -6.5% | -5.8% | -16.3% | -5.6% | -23.7% | -25.7% | -20.5% | -7.6% | -1.8% | |
| P/FCF | — | — | — | 18.80 | 54.22 | — | 122.63 | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 15.45 | 15.20 | 16.08 | 12.63 | 15.47 | 17.18 | 19.32 | 15.39 | 14.58 | 17.98 | 21.21 | 15.16 | 14.61 |
| — | -11.5% | -16.8% | -18.0% | +6.1% | -4.4% | -8.9% | +1.5% | -0.2% | +10.6% | -21.2% | -14.4% | -29.4% | |
| EV / EBIT | 19.17 | — | 27.36 | 14.18 | 17.37 | 20.81 | 23.06 | 17.21 | 16.51 | 22.81 | 24.67 | 17.83 | 16.22 |
| — | — | +18.7% | -17.6% | +5.2% | -8.8% | -6.5% | -3.5% | +1.8% | +14.6% | -26.3% | -17.7% | -42.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
American States Water Company's operating margin was 30.4% in Q1 2026, up 2.9 pp QoQ and down 0.4 pp YoY.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.8% | — | 46.7% | 58.3% | 73.6% | 77.3% | 73.8% | 74.1% | 77.0% | 52.4% | 76.1% | 73.2% | 77.5% |
| — | — | -36.8% | -21.4% | -4.4% | +47.6% | -3.0% | +1.3% | -0.7% | -30.3% | -1.8% | +0.3% | +5.1% | |
| Operating Margin | 30.9% | 30.4% | 27.4% | 33.8% | 31.3% | 30.8% | 27.0% | 34.0% | 33.3% | 28.8% | 27.9% | 34.1% | 37.4% |
| — | -1.3% | +1.4% | -0.7% | -6.2% | +6.8% | -3.0% | -0.2% | -11.0% | -9.1% | +26.5% | +14.2% | +33.8% | |
| Net Margin | 19.8% | 17.7% | 17.5% | 22.5% | 20.7% | 18.1% | 19.9% | 22.1% | 20.5% | 17.1% | 16.3% | 20.8% | 24.5% |
| — | -2.4% | -12.0% | +1.7% | +0.7% | +6.0% | +21.8% | +6.4% | -16.2% | -19.7% | +9.8% | +9.5% | +50.4% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.3% | 2.8% | 2.8% | 4.2% | 3.5% | 2.9% | 3.2% | 4.2% | 3.9% | 2.9% | 2.6% | 4.1% | 5.2% |
| — | -0.8% | -11.5% | -0.7% | -10.4% | -2.5% | +19.7% | +1.2% | -24.8% | -38.6% | +0.3% | +12.8% | +79.5% | |
| ROA | 5.0% | — | 1.1% | 1.6% | 1.3% | 1.1% | 1.2% | 1.5% | 1.4% | 1.0% | 0.9% | 1.5% | 1.8% |
| — | — | -7.4% | +4.0% | -4.8% | +4.4% | +25.9% | +3.4% | -25.1% | -39.3% | -1.0% | +11.4% | +77.6% | |
| ROIC | 8.0% | 1.9% | 1.7% | 2.4% | 2.0% | 1.8% | 1.6% | 2.3% | 2.2% | 1.7% | 1.6% | 2.4% | 2.9% |
| — | +5.7% | +9.4% | +5.5% | -9.5% | +6.5% | +0.6% | -4.9% | -21.8% | -33.5% | +8.7% | +10.8% | +48.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
American States Water Company's Debt/EBITDA ratio is 14.5x, down from 16.3x last quarter — elevated, raising questions about debt serviceability. Debt/Equity has declined for 10 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.90 | 0.87 | 0.90 | 0.91 | 0.98 | 0.99 | 1.02 | 1.08 | 1.13 | 1.15 | 1.18 | 1.11 | 1.10 |
| — | -11.7% | -11.6% | -15.2% | -13.7% | -13.9% | -13.8% | -3.3% | +3.2% | +6.9% | +14.3% | +12.4% | +11.9% | |
| Debt / EBITDA | 3.74 | 14.53 | 16.27 | 12.47 | 15.11 | 16.51 | 18.74 | 14.32 | 15.05 | 18.48 | 20.04 | 13.82 | 11.95 |
| — | -12.0% | -13.2% | -12.9% | +0.4% | -10.7% | -6.5% | +3.6% | +26.0% | +47.3% | +5.4% | +0.1% | -21.8% | |
| Current Ratio | 1.32 | — | 1.32 | 1.27 | 1.56 | 0.81 | 0.82 | 0.69 | 0.70 | 1.15 | 1.24 | 0.98 | 1.20 |
| — | — | +61.9% | +83.6% | +122.2% | -29.5% | -33.9% | -29.6% | -41.6% | +153.0% | +224.0% | +164.3% | +200.8% | |
| Quick Ratio | 1.23 | — | 1.23 | 1.18 | 1.46 | 0.76 | 0.76 | 0.64 | 0.64 | 1.06 | 1.13 | 0.90 | 1.08 |
| — | — | +60.9% | +84.8% | +126.6% | -28.4% | -32.4% | -28.8% | -40.3% | +163.7% | +228.1% | +167.9% | +199.1% | |
| Interest Coverage | 4.35 | 4.24 | 3.13 | 5.62 | 4.63 | 3.92 | 3.76 | 4.47 | 4.21 | 3.06 | 3.63 | 4.52 | 5.82 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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American States Water Company's current P/E is 22.5x. The average P/E over the last 4 quarters is 22.2x. 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 compressing 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.