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American States Water Valuation Multiples
Discover revenue and EBITDA valuation multiples for American States Water and similar public comparables like Toho Gas, Redes Energéticas Nacionais, Lechwerke, Chesapeake Utilities and more.
American States Water Overview
About American States Water
American States Water Co is a water and utilities holding company based in California. The segments of the firm include water, electric, and contracted services. Within these segments, American States Water conducts water and electric operations through Golden State Water Company and Bear Valley Electric Service, Inc while contracted services through American States Utility Services and its subsidiaries. Golden State Water conducts its operations across various counties in California and is regulated by the California Public Utilities Commission. American States Utility Services has contracted with the U.S. government to provide water services to various military installations. The majority of the company's revenue is derived from water services to commercial and residential customers.
Founded
1998
HQ
Employees
900
Website
Sectors
Financials (LTM)
EV
$4B
American States Water Financials
American States Water reported last 12-month revenue of $658M.
In the same LTM period, American States Water generated $135M in net income.
Revenue (LTM)
American States Water P&L
In the most recent fiscal year, American States Water reported revenue of $658M and EBITDA of $265M.
American States Water expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $658M | XXX | $658M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $490M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 74% | XXX | XXX | XXX |
| EBITDA | — | XXX | $265M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 40% | XXX | XXX | XXX |
| EBIT Margin | 32% | XXX | 31% | XXX | XXX | XXX |
| Net Profit | $135M | XXX | $130M | XXX | XXX | XXX |
| Net Margin | 21% | XXX | 20% | XXX | XXX | XXX |
| Net Debt | — | — | $913M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
American States Water Stock Performance
American States Water has current market cap of $3B, and enterprise value of $4B.
Market Cap Evolution
American States Water's stock price is $75.92.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $3B | 0.0% | XXX | XXX | XXX | $3.33 |
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American States Water trades at 5.9x EV/Revenue multiple, and 14.7x EV/EBITDA.
EV / Revenue (LTM)
American States Water Financial Valuation Multiples
As of April 20, 2026, American States Water has market cap of $3B and EV of $4B.
Equity research analysts estimate American States Water's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
American States Water has a P/E ratio of 22.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 5.9x | XXX | 5.9x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 14.7x | XXX | XXX | XXX |
| EV/EBIT | 18.4x | XXX | 19.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 8.0x | XXX | XXX | XXX |
| P/E | 22.0x | XXX | 22.8x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (549.3x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified American States Water Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
American States Water Margins & Growth Rates
American States Water's revenue in the last fiscal year grew by 11%.
American States Water's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.3M for the same period.
American States Water Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 40% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 9% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 16% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 43% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
American States Water Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| American States Water | XXX | XXX | XXX | XXX | XXX | XXX |
| Toho Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Redes Energéticas Nacionais | XXX | XXX | XXX | XXX | XXX | XXX |
| Lechwerke | XXX | XXX | XXX | XXX | XXX | XXX |
| Chesapeake Utilities | XXX | XXX | XXX | XXX | XXX | XXX |
| Mainova | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
American States Water M&A Activity
American States Water acquired XXX companies to date.
Last acquisition by American States Water was on XXXXXXXX, XXXXX. American States Water acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by American States Water
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAmerican States Water Investment Activity
American States Water invested in XXX companies to date.
American States Water made its latest investment on XXXXXXXX, XXXXX. American States Water invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by American States Water
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout American States Water
| When was American States Water founded? | American States Water was founded in 1998. |
| Where is American States Water headquartered? | American States Water is headquartered in United States. |
| How many employees does American States Water have? | As of today, American States Water has over 900 employees. |
| Who is the CEO of American States Water? | American States Water's CEO is Robert J. Sprowls. |
| Is American States Water publicly listed? | Yes, American States Water is a public company listed on NYSE. |
| What is the stock symbol of American States Water? | American States Water trades under AWR ticker. |
| When did American States Water go public? | American States Water went public in 1972. |
| Who are competitors of American States Water? | American States Water main competitors are Toho Gas, Redes Energéticas Nacionais, Lechwerke, Chesapeake Utilities. |
| What is the current market cap of American States Water? | American States Water's current market cap is $3B. |
| What is the current revenue of American States Water? | American States Water's last 12 months revenue is $658M. |
| What is the current EV/Revenue multiple of American States Water? | Current revenue multiple of American States Water is 5.9x. |
| Is American States Water profitable? | Yes, American States Water is net-income-positive (as of the last 12 months). |
| What is the current net income of American States Water? | American States Water's last 12 months net income is $135M. |
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