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California Water Service Valuation Multiples
Discover revenue and EBITDA valuation multiples for California Water Service and similar public comparables like Gujarat Gas, Meshek Energy Renewable, Hawaiian Electric Industries, COELBA and more.
California Water Service Overview
About California Water Service
California Water Service Group is a U.S. water and utilities holding company based in California. The company engages in the production, treatment, storage, distribution, and sale of water for various uses. The firm operates through its subsidiaries, which can be divided between regulated and unregulated businesses. The regulated public utilities subsidiaries operate in California, New Mexico, Washington, and Hawaii. The unregulated subsidiaries provide water utility services to private companies and municipalities. The company derives the majority of its revenue from its operations in California and, overall, from residential customers.
Founded
1999
HQ

Employees
1.3K
Website
Sectors
Financials (LTM)
EV
$4B
California Water Service Financials
California Water Service reported last 12-month revenue of $1B and EBITDA of $352M.
In the same LTM period, California Water Service generated $352M in EBITDA and $137M in net income.
Revenue (LTM)
California Water Service P&L
In the most recent fiscal year, California Water Service reported revenue of $1B and EBITDA of $360M.
California Water Service expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $643M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 64% | XXX | XXX | XXX |
| EBITDA | $352M | XXX | $360M | XXX | XXX | XXX |
| EBITDA Margin | 34% | XXX | 36% | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 19% | XXX | XXX | XXX |
| Net Profit | $137M | XXX | $128M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
California Water Service Stock Performance
California Water Service has current market cap of $3B, and enterprise value of $4B.
Market Cap Evolution
California Water Service's stock price is $44.96.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $3B | 0.0% | XXX | XXX | XXX | $2.14 |
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Start Free TrialCalifornia Water Service Valuation Multiples
California Water Service trades at 4.1x EV/Revenue multiple, and 12.0x EV/EBITDA.
EV / Revenue (LTM)
California Water Service Financial Valuation Multiples
As of April 19, 2026, California Water Service has market cap of $3B and EV of $4B.
Equity research analysts estimate California Water Service's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
California Water Service has a P/E ratio of 19.7x.
| 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 | 4.1x | XXX | 4.2x | XXX | XXX | XXX |
| EV/EBITDA | 12.0x | XXX | 11.8x | XXX | XXX | XXX |
| EV/EBIT | 20.9x | XXX | 22.3x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 6.6x | XXX | XXX | XXX |
| P/E | 19.7x | XXX | 21.0x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (19.8x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified California Water Service 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.


California Water Service Margins & Growth Rates
California Water Service's revenue in the last 12 month grew by 8%.
California Water Service's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.4M for the same period.
California Water Service's rule of 40 is 45% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
California Water Service's rule of X is 59% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
California Water Service Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 34% | XXX | 36% | XXX | XXX | XXX |
| EBITDA Growth | 16% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 45% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 59% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 14% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 46% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
California Water Service Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| California Water Service | XXX | XXX | XXX | XXX | XXX | XXX |
| Gujarat Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Meshek Energy Renewable | XXX | XXX | XXX | XXX | XXX | XXX |
| Hawaiian Electric Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| COELBA | XXX | XXX | XXX | XXX | XXX | XXX |
| Aboitiz Equity Ventures | 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.
California Water Service M&A Activity
California Water Service acquired XXX companies to date.
Last acquisition by California Water Service was on XXXXXXXX, XXXXX. California Water Service acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by California Water Service
| 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 TrialCalifornia Water Service Investment Activity
California Water Service invested in XXX companies to date.
California Water Service made its latest investment on XXXXXXXX, XXXXX. California Water Service invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by California Water Service
| 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 California Water Service
| When was California Water Service founded? | California Water Service was founded in 1999. |
| Where is California Water Service headquartered? | California Water Service is headquartered in United States. |
| How many employees does California Water Service have? | As of today, California Water Service has over 1K employees. |
| Who is the CEO of California Water Service? | California Water Service's CEO is Martin A. Kropelnicki. |
| Is California Water Service publicly listed? | Yes, California Water Service is a public company listed on NYSE. |
| What is the stock symbol of California Water Service? | California Water Service trades under CWT ticker. |
| When did California Water Service go public? | California Water Service went public in 1972. |
| Who are competitors of California Water Service? | California Water Service main competitors are Gujarat Gas, Meshek Energy Renewable, Hawaiian Electric Industries, COELBA. |
| What is the current market cap of California Water Service? | California Water Service's current market cap is $3B. |
| What is the current revenue of California Water Service? | California Water Service's last 12 months revenue is $1B. |
| What is the current revenue growth of California Water Service? | California Water Service revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of California Water Service? | Current revenue multiple of California Water Service is 4.1x. |
| Is California Water Service profitable? | Yes, California Water Service is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of California Water Service? | California Water Service's last 12 months EBITDA is $352M. |
| What is California Water Service's EBITDA margin? | California Water Service's last 12 months EBITDA margin is 34%. |
| What is the current EV/EBITDA multiple of California Water Service? | Current EBITDA multiple of California Water Service is 12.0x. |
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