Stocktoria

CALIFORNIA WATER SERVICE GROUP CWT

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

CALIFORNIA WATER SERVICE GROUP statistics & valuation

Market cap$2.9B
P / E22.9×
P / S3.0×
P / B1.7×
Dividend yield2.51%
Net margin13.3%
Return on equity7.6%
Net debt$1.4B
Net debt / EBITDA4.5×
Enterprise value USD$4.4B
EV / EBITDA13.8×
Earnings yield EBIT/EV3.9%
Return on capital3.2%
Graham number -25.9%$37.05

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 ($37.05); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.70% 9.70% 9.50% 13.90% 13.20% 12.40% 6.60% 21.10% 13.30% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
14.00% 17.20% 16.40% 15.00% 19.60% 16.60% 16.50% 9.80% 24.90% 17.70% 2016201720182019202020212022202320242025
Return on equity (%)
10.40% 9.00% 8.10% 10.50% 8.60% 7.30% 3.60% 11.60% 7.60% 2016201720182019202020212022202320242025
Shares outstanding
48.0M 48.0M 48.1M 48.5M 50.3M 53.7M 55.6M 57.7M 59.5M 59.6M 2016201720182019202020212022202320242025
Net debt ($)
$532.0M $436.9M $767.8M $766.0M $741.7M $982.6M $993.7M $1.01B $1.13B $1.42B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.70% 2.30% 2.00% 2.90% 2.80% 2.30% 1.10% 3.70% 2.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.85× 0.76× 1.12× 1.04× 0.85× 0.91× 0.80× 0.74× 0.72× 0.87× 2016201720182019202020212022202320242025
EPS ($)
$1.01 $1.52 $1.36 $1.31 $1.97 $1.96 $1.77 $0.91 $3.25 $2.15 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

CALIFORNIA WATER SERVICE GROUP trades at about 23.2× earnings — below its 10-year norm (10-year range 13.9×–49.7×, median 34.2×).

13.9× 49.7×

Shaded band = 10-year range (13.9×–49.7×); dot = today's 23.2×.

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 margin17.7%24.9%9.8%16.5%16.6%19.6%15.0%16.4%17.2%14.0%
Net margin13.3%21.1%6.6%12.4%13.2%13.9%9.5%9.7%11.7%—
Return on assets2.3%3.7%1.1%2.3%2.8%2.9%2.0%2.3%2.7%—
Return on equity7.6%11.6%3.6%7.3%8.6%10.5%8.1%9.0%10.4%—
Debt / equity0.87×0.72×0.74×0.80×0.91×0.85×1.04×1.12×0.76×0.85×
Current ratio0.850.600.691.001.100.450.510.590.460.57

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