Is American States Water (AWR) overvalued or fairly valued?

MarketChacha shows American States Water's valuation in context — a trailing P/E of about 22.0, a forward P/E of about 21.9, a price-to-book of about 2.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does American States Water's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.32×) from reported figures — education, not a rating.

What is American States Water's revenue?

American States Water reported revenue of $658.1M for FY2025, with net profit of $130.4M, per official filings.

What is the share price of American States Water (AWR)?

American States Water last traded at $83.27 (+2.0% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

American States Water

AWR · NYSE · Utilities · United States

Snapshot

TickerAWR

ExchangeNYSE

SectorUtilities

IndustryUtilities - Regulated Water

CountryUnited States

Employees900

HeadquartersSan Dimas, United States

Websitewww.aswater.com

Filings tracked16

About American States Water

American States Water Company, through its subsidiaries, engages in the provision of water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity. It provides water service to approximately 265,100 customers; and distributes electricity to approximately 24,900 customers in several San Bernardino County Mountain communities in California. The company also offers water and/or wastewater services at various military installations. American States Water Company was founded in 1929 and is headquartered in San Dimas, California.

Who owns it

Insiders0.8%
Institutions86.6%
Public & other12.6%

563 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.18.40%
Vanguard Portfolio Management LLC8.89%
Neuberger Berman Group, LLC6.45%
State Street Corporation5.66%
Vanguard Capital Management LLC4.52%
Geode Capital Management, LLC2.53%
AQR Capital Management, LLC2.32%
Morgan Stanley2.28%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.32×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend21.0% → 19.8%

Margin has held broadly steady over the period — stable profitability.

Growth qualityrev 5% · PAT 2%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $162.3M · EPS 0.70

Next fiscal year

Rev $738.2M · EPS 3.80

Est. earnings growth +3.3%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$658.1M

Net margin

19.8%

ROE

12.5%

Revenue CAGR (2y)

+5.1%

Profit CAGR (2y)

+2.2%

EPS (FY2025)

3.37

Net profit (FY2025)

$130.4M

Ask MarketChacha about AWR

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$658.1M	$130.4M	3.37	19.8%	12.5%
FY2024	$595.5M	$119.3M	3.17	20.0%	13.0%
FY2023	$595.7M	$124.9M	3.36	21.0%	16.1%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$181.3M	$43.3M	1.09	23.9%
2026Q1	$169.2M	$29.9M	0.76	17.7%
2025Q3	$182.7M	$41.2M	1.06	22.5%
2025Q2	$163.1M	$33.7M	0.87	20.7%
2025Q1	$148.0M	$26.8M	0.70	18.1%
2024Q3	$161.8M	$35.8M	0.95	22.1%
2024Q2	$155.3M	$31.9M	0.85	20.5%
2024Q1	$135.3M	$23.1M	0.62	17.1%
2023Q3	$151.7M	$31.6M	0.85	20.8%
2023Q2	$157.4M	$38.5M	1.04	24.5%
2023Q1	$161.4M	$34.4M	0.93	21.3%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC8/5/2026material
10-Q filing
SEC8/5/2026
8-K — Executive/director change, Shareholder vote results
SEC5/21/2026material
10-Q filing
SEC5/6/2026
8-K — Results of operations, Exhibits
SEC5/6/2026material
8-K — Executive/director change, Exhibits
SEC3/27/2026material
8-K — Executive/director change, Exhibits
SEC3/13/2026material
8-K — Material agreement, Exhibits
SEC2/20/2026material
10-K filing
SEC2/18/2026
8-K — Results of operations, Exhibits
SEC2/18/2026material
8-K — Executive/director change
SEC2/13/2026material

2025

8-K — Other events, Exhibits
SEC11/19/2025material
10-Q filing
SEC11/5/2025
8-K — Results of operations, Exhibits
SEC11/5/2025material
10-Q filing
SEC8/6/2025
8-K — Results of operations, Exhibits
SEC8/6/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.