California Water Service Group
CWT
#3590
Rank
C$4.21 B
Marketcap
$70.94
Share price
-1.45%
Change (1 day)
5.51%
Change (1 year)

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

P/E ratio as of November 2024 (TTM): 69.6

According to California Water Service Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 69.6301. At the end of 2022 the company had a P/E ratio of 34.3.

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

PE ratio at the end of each year

Year P/E ratio Change
202234.3-6.56%
202136.731.64%
202027.9-29.24%
201939.412.31%
201835.017.46%
201729.8-11.11%
201633.635.58%
201524.819.7%
201420.7-12.15%
201323.550.1%
201215.7-22.7%
201120.3-2.01%
201020.79.66%
200918.9-22.73%
200824.4-0.99%
200724.7-18.14%
200630.115.14%
200526.2-2.73%
200426.910.79%
200324.327.39%
200219.1-27.41%
200126.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
27.2-60.96%๐Ÿ‡บ๐Ÿ‡ธ USA
27.5-60.54%๐Ÿ‡บ๐Ÿ‡ธ USA
24.7-64.53%๐Ÿ‡บ๐Ÿ‡ธ USA
-5.47-107.85%๐Ÿ‡บ๐Ÿ‡ธ USA
17.3-75.19%๐Ÿ‡บ๐Ÿ‡ธ USA
31.9-54.18%๐Ÿ‡บ๐Ÿ‡ธ USA
20.2-70.93%๐Ÿ‡บ๐Ÿ‡ธ USA
30.1-56.77%๐Ÿ‡บ๐Ÿ‡ธ 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.