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American States Water Co
American States Water Co (AWR) is listed on NYSE and classified in Utilities - Regulated Water, part of the Utilities sector. It is headquartered in San Dimas, United States and has 900 employees. The company is worth $3.37B and trades at 23.3x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $658.07M in fiscal 2025, up 10.5% from the year before. Net income was $130.44M. The share price is 7.3% below its 52-week high of $91.72. It pays a dividend yielding 2.56%, and has raised its annual dividend for 23 years in a row in our records. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $75.99M. In that quarter, 2 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -11.4% over 5Y.
today you would have $1,023.98▲ +2.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $72.48 | $77.72 | $80.42 | $92.55 | $103.44 | $79.51 | $86.64 | $67.04 | $57.91 | $45.56 | $41.95 | $37.66 | $28.73 | $23.99 | $17.45 | $17.24 | $17.70 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 7.7% a year plus a 2.6% dividend yield. Growth capped at 25%.
Median P/E of 20.5 among peers in the sector.
Median P/E of 24.5 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Sector median of 13.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 5.5% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| CPKChesapeake Utilities Corp | $134.17 | 21.4x | 1.9x | 2.19% | 9.47% | $3.39B |
| AVAAvista Corp | $37.74 | 13.6x | 1.1x | 5.22% | 8.31% | $3.16B |
| CWTCalifornia Water Service Group | $47.54 | 20.6x | 1.6x | 2.82% | 7.68% | $2.94B |
| TACTransalta Corp | $12.51 |
| 24.5x |
| 21.5x |
| 24.5x |
| 23.9x |
| 43.9x |
| 40.6x |
| 34.1x |
| 38.0x |
| 39.0x |
| 30.8x |
| 28.1x |
| 26.2x |
| 24.0x |
| 17.8x |
| 17.0x |
| 14.4x |
| 19.5x |
| 21.9x |
| P/S | 4.3x | 4.3x | 5.0x | 5.0x | 7.0x | 7.7x | 6.0x | 6.7x | 5.6x | 4.8x | 3.8x | 3.3x | 3.1x | 2.4x | 2.0x | 1.6x | 1.6x | 1.8x |
| P/B | 3.3x | 2.7x | 3.2x | 3.8x | 4.8x | 5.6x | 4.6x | 5.3x | 4.4x | 4.0x | 3.4x | 3.3x | 2.8x | 2.3x | 2.0x | 1.6x | 1.7x | 1.8x |
| EPS | $3.37 | $3.17 | $3.36 | $2.11 | $2.55 | $2.33 | $2.28 | $1.72 | $1.88 | $1.62 | $1.60 | $1.57 | $1.61 | $1.41 | $1.21 | $0.89 | $0.81 |
| Dividend yield | 2.08% | 2.68% | 2.31% | 2.06% | 1.65% | 1.35% | 1.61% | 1.34% | 1.58% | 1.72% | 2.01% | 2.08% | 2.21% | 2.65% | 2.65% | 3.15% | 3.02% | 2.85% |
| Payout | 54.90% | 57.57% | 56.53% | 49.29% | 72.32% | 54.90% | 54.94% | 50.88% | 61.63% | 52.87% | 56.42% | 54.63% | 52.99% | 47.24% | 45.04% | 45.45% | 58.76% | 62.35% |
| Profit margin | 14.62% | 19.82% | 20.03% | 20.97% | 15.95% | 18.91% | 17.70% | 17.80% | 14.62% | 15.74% | 13.70% | 13.19% | 13.11% | 13.28% | 11.60% | 10.92% | 8.30% | 8.36% |
| ROE | 12.48% | 12.48% | 12.96% | 16.10% | 11.05% | 13.75% | 13.47% | 14.02% | 11.44% | 13.09% | 12.09% | 12.98% | 12.05% | 12.73% | 11.91% | 11.22% | 8.79% | 8.22% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+3.6% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| — |
| 6.6x |
| 1.60% |
| -1.42% |
| $3.96B |
| FRVOFervo Energy Co | $9.68 | — | 1.0x | 0.00% | — | $2.85B |
| MGEEMge Energy Inc | $74.24 | 17.7x | 1.9x | 2.73% | 11.04% | $2.8B |
