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American States Water Company(AWR)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AWR
09/15/2026: AWR (2-star) has a low Upturn Star Rating. Not recommended to BUY.
American States Water Company is a steady, regulated water utility and government infrastructure services provider. Its core business benefits from a reliable, rate-regulated revenue base in California and unique, long-term contracts serving U.S. military installations nationwide. The company is known for its consistent and growing dividend, appealing strongly to income-oriented investors. Primary risks include heavy regulatory reliance in California, sensitivity to drought, and the capital-intensive nature of maintaining aging infrastructure. Investors should monitor the outcomes of regional rate cases and the renewal of government contracts, as these are the primary drivers of future growth and financial stability for this defensive utility stock.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Utility stocks typically offer steady, modest growth rather than the aggressive growth sought by this style. |
| Momentum investor | Weak fit | AWR's price movement is generally slow and steady, not exhibiting the high-volatility trends momentum traders seek. |
| Value investor | Mixed fit | Utility valuations are often at a premium due to their defensive characteristics, potentially limiting value opportunities. |
| Dividend investor | Strong fit | The company has a well-regarded history of consistent and growing dividend payments. |
| Low-risk investor | Strong fit | The regulated nature of the utility business provides predictable cash flows and lower relative volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Low | Utilities are traditionally defensive stocks with lower beta than the broader market. |
| Valuation risk | Medium | As a yield-sensitive asset, valuations can compress if interest rates rise significantly. |
| Competition risk (Regulatory constraints) | Medium | As a regulated monopoly, AWR's main risk is regulatory pressure rather than direct consumer competition. |
| Business quality | Strong | The company operates in a stable, essential service sector with long-term revenue visibility. |
| Dividend income | Strong | A decades-long history of dividend growth provides a reliable income stream for investors. |
| Execution risk | Medium | Operational delays in infrastructure projects or government contract renewals could temporarily affect earnings. |
Price Behavior
Hockey-Stick Growth
The stock demonstrates a Hockey-Stick Growth price path pattern.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 2.41% | Avg. Invested days 71 | Today’s Advisory WEAK BUY |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/15/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.45B USD | Price to earnings Ratio 23.8 | 1Y Target Price 84 |
Price to earnings Ratio 23.8 | 1Y Target Price 84 | ||
Volume (30-day avg) 205.6K shares | Beta 0.56 | 52 Weeks Range 67.63 - 91.72 | Updated Date 09/15/2026 |
52 Weeks Range 67.63 - 91.72 | Updated Date 09/15/2026 | ||
Dividends yield (FY) 2.33% | Basic EPS (TTM) 3.66 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Regulated Water Utility | Water production, treatment, and distribution to California customers. | The bread-and-butter business providing steady, regulated income. |
| Contracted Services | Long-term contracts for utility management on military bases. | A unique, government-backed revenue stream that helps diversify the business. |
| Electric Utility | Electricity distribution in specific California regions. | A small, stable supplementary business providing localized power services. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 23.8 | Forward PE 22.99 | Enterprise Value 4.32B | Price to Sales(TTM) 4.95 |
Enterprise Value 4.32B | Price to Sales(TTM) 4.95 | ||
Enterprise Value to Revenue 6.2 | Enterprise Value to EBITDA 15.11 | Shares Outstanding 39.64M | Shares Floating 39.21M |
Shares Outstanding 39.64M | Shares Floating 39.21M | ||
Percent Insiders 0.82 | Percent Institutions 87.81 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About American States Water Company
Exchange NYSE | Headquarters San Dimas, CA, United States | ||
IPO Launch date 1990-03-26 | CEO, President & Director Mr. Robert J. Sprowls C.M.A. | ||
Sector Utilities | Industry Utilities - Regulated Water | Full time employees 900 | Website https://www.aswater.com |
Full time employees 900 | Website https://www.aswater.com | ||
American States Water Company, through its subsidiaries, engages in the provision of water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity. It provides water service to approximately 265,100 customers; and distributes electricity to approximately 24,900 customers in several San Bernardino County Mountain communities in California. The company also offers water and/or wastewater services at various military installations. American States Water Company was founded in 1929 and is headquartered in San Dimas, California.
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