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 Water AWK	25.9	17.49%	🇺🇸 USA
York Water YORW	19.7	-10.78%	🇺🇸 USA
Pure Cycle (water) PCYO	24.3	10.03%	🇺🇸 USA
Middlesex Water Company MSEX	21.0	-4.99%	🇺🇸 USA
Cadiz Inc. CDZI	-7.04	-131.90%	🇺🇸 USA
Artesian Resources ARTNA	13.2	-40.28%	🇺🇸 USA
SJW Group SJW	18.3	-16.89%	🇺🇸 USA
American States Water AWR	24.5	10.85%	🇺🇸 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.