P/E ratio for California Water Service (CWT)
P/E ratio as of March 2023 (TTM): 38.3
According to California Water Service's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 38.3108. At the end of 2021 the company had a P/E ratio of 36.7.
P/E ratio history for California Water Service from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 36.7 | 31.64% |
| 2020 | 27.9 | -29.24% |
| 2019 | 39.4 | 4.05% |
| 2018 | 37.8 | |
| 2016 | 33.6 | 35.58% |
| 2015 | 24.8 | 19.7% |
| 2014 | 20.7 | -12.15% |
| 2013 | 23.5 | 50.1% |
| 2012 | 15.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 American Water Works AWK | 19.5 | -49.06% | 🇺🇸 USA |
 York Water YORW | 31.4 | -18.01% | 🇺🇸 USA |
 Pure Cycle (water) PCYO | 54.2 | 41.41% | 🇺🇸 USA |
 Middlesex Water Company
MSEX | 32.0 | -16.40% | 🇺🇸 USA |
 Cadiz CDZI | -5.96 | -115.56% | 🇺🇸 USA |
 Artesian Resources ARTNA | 24.3 | -36.55% | 🇺🇸 USA |
 SJW Group
SJW | 39.3 | 2.66% | 🇺🇸 USA |
 American States Water
AWR | 40.1 | 4.68% | 🇺🇸 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.