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	27.4	-61.68%	🇺🇸 USA
American Water Works AWK	28.2	-60.45%	🇺🇸 USA
York Water YORW	25.7	-64.03%	🇺🇸 USA
Cadiz CDZI	-5.56	-107.80%	🇺🇸 USA
SJW Group SJW	17.5	-75.50%	🇺🇸 USA
Middlesex Water Company MSEX	33.1	-53.58%	🇺🇸 USA
Artesian Resources ARTNA	20.8	-70.79%	🇺🇸 USA
Pure Cycle (water) PCYO	30.9	-56.72%	🇺🇸 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.