P/E ratio for Essential Utilities (WTRG)
P/E ratio as of April 2024 (TTM): 20.4
According to Essential Utilities 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.3898. At the end of 2022 the company had a P/E ratio of 27.0.
P/E ratio history for Essential Utilities from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 27.0 | -15.12% |
| 2021 | 31.8 | -24.09% |
| 2020 | 41.8 | -10.84% |
| 2019 | 46.9 | 48.27% |
| 2018 | 31.7 | 8.94% |
| 2017 | 29.1 | 27.69% |
| 2016 | 22.8 | -13.7% |
| 2015 | 26.4 | 29.39% |
| 2014 | 20.4 | 8.35% |
| 2013 | 18.8 | 4.53% |
| 2012 | 18.0 | -15.32% |
| 2011 | 21.3 | -13.97% |
| 2010 | 24.7 | 10.04% |
| 2009 | 22.4 | -20.41% |
| 2008 | 28.2 | -4.21% |
| 2007 | 29.4 | -9.52% |
| 2006 | 32.5 | -14.17% |
| 2005 | 37.9 | 31.58% |
| 2004 | 28.8 | 4.84% |
| 2003 | 27.5 | 30.1% |
| 2002 | 21.1 | -18.3% |
| 2001 | 25.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Middlesex Water Company
MSEX | 23.4 | 14.86% | 🇺🇸 USA |
 Sabesp SBS | 17.6 | -13.80% | 🇧🇷 Brazil |
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.