P/E ratio for California Water Service Group (CWT)

P/E ratio history for California Water Service Group from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
American States Water AWR	25.9	-62.50%	🇺🇸 USA
American Water Works AWK	28.4	-58.83%	🇺🇸 USA
York Water YORW	24.2	-64.89%	🇺🇸 USA
Cadiz CDZI	-5.84	-108.46%	🇺🇸 USA
SJW Group SJW	17.3	-74.95%	🇺🇸 USA
Middlesex Water Company MSEX	31.7	-54.13%	🇺🇸 USA
Artesian Resources ARTNA	19.4	-71.88%	🇺🇸 USA
Pure Cycle (water) PCYO	27.1	-60.82%	🇺🇸 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.