California Water Service
CWT
#3015
Rank
$3.15 B
Marketcap
$56.68
Share price
4.06%
Change (1 day)
-2.78%
Change (1 year)

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
202136.731.64%
202027.9-29.24%
201939.44.05%
201837.8
201633.635.58%
201524.819.7%
201420.7-12.15%
201323.550.1%
201215.7

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
19.5-49.06%๐Ÿ‡บ๐Ÿ‡ธ USA
31.4-18.01%๐Ÿ‡บ๐Ÿ‡ธ USA
54.2 41.41%๐Ÿ‡บ๐Ÿ‡ธ USA
32.0-16.40%๐Ÿ‡บ๐Ÿ‡ธ USA
-5.96-115.56%๐Ÿ‡บ๐Ÿ‡ธ USA
24.3-36.55%๐Ÿ‡บ๐Ÿ‡ธ USA
39.3 2.66%๐Ÿ‡บ๐Ÿ‡ธ USA
40.1 4.68%๐Ÿ‡บ๐Ÿ‡ธ 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.