Stocktoria

AMERICAN STATES WATER CO AWR

NYSE · stock · Water Supply · website · IPO 1980-03-17 · LEI

AMERICAN STATES WATER CO statistics & valuation

Market cap$3.2B
P / E24.8×
P / S4.9×
P / B3.1×
Dividend yield2.31%
Net margin19.8%
Return on equity12.5%
FCF margin-1.1%
Net debt$763.9M
Net debt / EBITDA3×
Enterprise value USD$4.0B
EV / EBITDA15.9×
Earnings yield EBIT/EV5.1%
Return on capital8%
Graham number -48.8%$45.04

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($45.04); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
13.70% 15.70% 14.60% 17.80% 17.70% 18.90% 15.90% 21.00% 20.00% 19.80% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
26.20% 28.80% 23.10% 26.80% 26.70% 28.30% 25.80% 33.00% 31.00% 30.90% 2016201720182019202020212022202320242025
Return on equity (%)
12.10% 13.10% 11.40% 14.00% 13.50% 13.80% 11.00% 16.10% 13.00% 12.50% 2016201720182019202020212022202320242025
Shares outstanding
36.8M 36.8M 36.9M 37.0M 37.0M 37.0M 37.0M 37.1M 38.2M 39.1M 2016201720182019202020212022202320242025
Net debt ($)
$320.5M $320.8M $273.9M $279.7M $403.6M $407.2M $440.6M $561.5M $613.7M $763.9M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
4.10% 4.90% 4.30% 5.10% 4.80% 5.00% 3.90% 5.60% 4.80% 4.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-7.50% 7.10% 2.30% -7.40% -1.70% -5.80% -9.90% -20.30% -5.60% -1.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.65× 0.61× 0.50× 0.47× 0.69× 0.60× 0.63× 0.74× 0.70× 0.75× 2016201720182019202020212022202320242025
EPS ($)
$1.62 $1.88 $1.72 $2.28 $2.33 $2.55 $2.11 $3.36 $3.17 $3.37 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

AMERICAN STATES WATER CO trades at about 26.1× earnings — below its 10-year norm (10-year range 21.6×–44.6×, median 33.2×).

21.6× 44.6×

Shaded band = 10-year range (21.6×–44.6×); dot = today's 26.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin30.9%31.0%33.0%25.8%28.3%26.7%26.8%23.1%28.8%26.2%
Net margin19.8%20.0%21.0%15.9%18.9%17.7%17.8%14.6%15.7%13.7%
FCF margin-1.1%-5.6%-20.3%-9.9%-5.8%-1.7%-7.4%2.3%7.1%-7.5%
Return on assets4.8%4.8%5.6%3.9%5.0%4.8%5.1%4.3%4.9%4.1%
Return on equity12.5%13.0%16.1%11.0%13.8%13.5%14.0%11.4%13.1%12.1%
Debt / equity0.75×0.70×0.74×0.63×0.60×0.69×0.47×0.50×0.61×0.65×
Current ratio1.320.821.240.380.891.331.060.900.990.94

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.