California Water Service Group
California Water Service Group (CWT) is listed on NYSE and classified in Utilities - Regulated Water, part of the Utilities sector. It is headquartered in San Jose, United States and has 1,336 employees. The company is worth $2.94B and trades at 20.6x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $963.7M in fiscal 2025, up 6.4% from the year before. Net income was $128.21M. The share price is 11.7% below its 52-week high of $53.82. It pays a dividend yielding 2.82%, and has raised its annual dividend for 27 years in a row in our records. 5 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 $33.17M. In that quarter, 4 of them opened or added to the position and 1 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.
▼ -26.4% over 5Y.
today you would have $850.83▼ -14.9%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 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 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $43.33 | $45.33 | $51.87 | $60.64 | $71.86 | $54.03 | $51.56 | $47.66 | $45.35 | $33.90 | $23.27 | $24.61 | $23.07 | $18.35 | $18.26 | $18.64 | $18.41 | $23.22 |
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 1.8% a year plus a 2.8% dividend yield. Growth capped at 25%.
Median P/E of 20.5 among peers in the sector.
Median P/E of 24.6 across this company’s own years on record.
Cash flow growing 1.8% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 13.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 3.1% 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 |
|---|---|---|---|---|---|---|
| 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 |
| AVAAvista Corp | $37.74 | 13.6x | 1.1x | 5.22% | 8.31% | $3.16B |
| AWRAmerican States Water Co | $85.05 |
| P/E | 24.6x | 20.2x | 13.9x | 57.0x | 34.3x | 36.7x | 27.4x | 39.4x | 35.0x | 29.8x | 33.6x | 24.8x | 20.7x | 22.6x | 15.7x | 20.3x | 20.7x | 18.8x | 24.4x |
| P/S | 3.6x | 2.7x | 3.0x | 3.8x | 4.4x | 5.0x | 3.9x | 3.8x | 3.4x | 3.5x | 2.8x | — | — | — | — | — | — | — | — |
| P/B | 2.0x | 1.5x | 1.6x | 2.1x | 2.5x | 3.3x | 3.0x | 3.2x | 3.1x | 3.1x | 2.5x | 1.7x | 1.9x | 1.8x | 1.6x | 1.7x | 1.8x | 1.8x | 2.4x |
| EPS | $2.15 | $3.25 | $0.91 | $1.77 | $1.96 | $1.97 | $1.31 | $1.36 | $1.52 | $1.01 | $0.94 | $1.19 | $1.02 | $1.17 | $0.90 | $0.90 | $0.98 | $0.95 |
| Dividend yield | 2.50% | 2.86% | 2.47% | 2.01% | 1.65% | 1.28% | 1.58% | 1.54% | 1.58% | 1.59% | 2.04% | 2.89% | 2.65% | 2.77% | 3.44% | 3.37% | 3.20% | 3.20% | 2.52% |
| Payout | 58.94% | 57.67% | 34.46% | 114.29% | 56.50% | 46.94% | 43.25% | 60.46% | 55.29% | 47.37% | 68.51% | 71.49% | 54.79% | 62.75% | 54.02% | 68.44% | 66.22% | 60.20% | 61.68% |
| Profit margin | 12.07% | 13.30% | 21.07% | 6.57% | 12.43% | 13.21% | 13.88% | 9.50% | 9.72% | 11.72% | 8.26% | — | — | — | — | — | — | — | — |
| ROE | 8.64% | 7.58% | 11.65% | 3.63% | 7.26% | 8.63% | 10.51% | 8.09% | 8.98% | 10.43% | 7.38% | 7.01% | 9.05% | 7.89% | 10.31% | 8.38% | 8.65% | 9.64% | 9.88% |
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.
7 methods answered, across 4 families.
Room for errors in the reported numbers.
-18.3% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 23.3x |
| 3.0x |
| 2.56% |
| 13.67% |
| $3.37B |
| CPKChesapeake Utilities Corp | $134.17 | 21.4x | 1.9x | 2.19% | 9.47% | $3.39B |
| RNWReNew Energy Global plc | $6.88 | 20.8x | 1.8x | 0.00% | 7.74% | $2.51B |