P/E ratio for California Water Service (CWT)
P/E ratio as of December 2023 (TTM): 72.2
According to California Water Service's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 72.2329. At the end of 2022 the company had a P/E ratio of 34.3.
P/E ratio history for California Water Service from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 34.3 | -6.56% |
| 2021 | 36.7 | 31.64% |
| 2020 | 27.9 | -29.24% |
| 2019 | 39.4 | 12.31% |
| 2018 | 35.0 | 17.46% |
| 2017 | 29.8 | -11.11% |
| 2016 | 33.6 | 35.58% |
| 2015 | 24.8 | 19.7% |
| 2014 | 20.7 | -12.15% |
| 2013 | 23.5 | 50.1% |
| 2012 | 15.7 | -22.7% |
| 2011 | 20.3 | -2.01% |
| 2010 | 20.7 | 9.66% |
| 2009 | 18.9 | -22.73% |
| 2008 | 24.4 | -0.99% |
| 2007 | 24.7 | -18.14% |
| 2006 | 30.1 | 15.14% |
| 2005 | 26.2 | -2.73% |
| 2004 | 26.9 | 10.79% |
| 2003 | 24.3 | 27.39% |
| 2002 | 19.1 | -27.41% |
| 2001 | 26.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 American Water Works AWK | 27.5 | -61.89% | 🇺🇸 USA |
 York Water YORW | 27.0 | -62.62% | 🇺🇸 USA |
 Pure Cycle (water) PCYO | 25.8 | -64.22% | 🇺🇸 USA |
 Middlesex Water Company
MSEX | 32.6 | -54.91% | 🇺🇸 USA |
 Cadiz CDZI | -4.97 | -106.88% | 🇺🇸 USA |
 Artesian Resources ARTNA | 25.7 | -64.44% | 🇺🇸 USA |
 SJW Group
SJW | 21.2 | -70.63% | 🇺🇸 USA |
 American States Water
AWR | 26.1 | -63.90% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.