| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 33 | 23.7x | 17.8x | Bottom tier | |
Growth | 51 | 13.2% | 7.1% | Around median | |
Quality | 71 | 9.8% | 4.5% | Top tier | |
Safety | 54 | 2.6x | 2.6x | Around median | |
Capital Return | 71 | 2.29% | 2.12% | Top tier | |
Momentum | 87 | 14.3% | 2.9% | Top tier | |
Sentiment | 35 | 2 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
American States Water Company operates through three operating segments: regulated water utilities through Golden State Water, the Bear Valley Electric electric utility, and ASUS contracted services related to water and facility operations at military bases. The water and electric businesses generate revenue from rates approved by the California Public Utilities Commission, while ASUS benefits from management fees, construction activities, and economic price adjustments. In Q1 fiscal 2026, water contributed $0.55 to earnings per share, electric contributed $0.08, and ASUS contributed approximately $0.15.
In Q2 fiscal 2026, the company reported revenue of $181.3 million, up 11.2% year over year according to the August 7, 2026 results, while gross profit reached $164.5 million, representing a margin of approximately 90.7%. Net income reached $43.3 million, equivalent to a net margin of approximately 23.9% and earnings per share of $1.09. Earnings exceeded expectations, supported by higher regulated water rates, after Q1 fiscal 2026 revenue had reached $169.2 million, with net income of $29.9 million and earnings per share of $0.76.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is neutral, and the average price target is $89.5 within a narrow range of $87 to $92; the average is below the 52-week range high of $91.72, while the highest target exceeds that high by a limited margin. The data do not include a usable price-to-earnings ratio, so the stock's valuation here is based on the target range and the 52-week range of $69.45 to $91.72, balancing rate-base and earnings growth against regulatory risks and fluctuations in the water supply mix.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Revenue reached $181.3 million in Q2 fiscal 2026, up 11.2% year over year according to the August 7, 2026 results. Net income reached $43.3 million and earnings per share reached $1.09, while earnings exceeded expectations. The main driver cited was higher regulated water rates, with gross profit reaching $164.5 million.
The company operates through Golden State Water for regulated water, Bear Valley Electric for regulated electric, and ASUS for contracted services. Water and electric revenue depends on rates and projects approved by the California Public Utilities Commission, while ASUS generates revenue from management fees, construction, and economic price adjustments at military bases. In Q1 fiscal 2026, these segments contributed $0.55, $0.08, and $0.15 to earnings per share, respectively.
The approved water rate base increased from $980.4 million in fiscal 2021 to $1.6732 billion in fiscal 2026, representing a compound annual growth rate of 11.3%. Projects and regulatory balances totaling $80 million added approximately $11 million to the revenue requirement beginning in fiscal 2026. The rate-case decision also authorized $573.1 million of infrastructure investments during the fiscal 2025 to 2027 cycle.
Since January 1, 2025, Golden State Water has become more exposed to fluctuations in water consumption and the mix of supply sources due to the modified MRAM mechanism and the incremental supply-cost account. In Q1 fiscal 2026, the temporary shutdown of some wells increased reliance on purchased water, affecting earnings. Future rate and return requests, including Bear Valley Electric's request for an 11.3% return on equity, also remain subject to a decision by the California Public Utilities Commission.
Management expects ASUS to contribute between $0.63 and $0.67 to earnings per share during fiscal 2026. In Q1 fiscal 2026, the segment generated $0.15 per share versus $0.13 a year earlier, while its revenue increased by $6.4 million. The increase came from higher construction activity and management fees following economic price adjustments and lower interest expense, while results remain sensitive to construction timing.
The quarterly dividend rate grew at a compound annual rate of 8.5% over the five years ended as of the May 7, 2026 call, exceeding the company's long-term target of more than 7%. The average analyst target is $89.5, within a range of $87 to $92, compared with a 52-week range of $69.45 to $91.72. With a neutral consensus and no usable price-to-earnings ratio available in the data, assessing the valuation requires balancing earnings and rate-base growth against regulatory and operational risks.
