HTO
H2O America
PE ratio, current and historical analysis
- Stocks
- Utilities
- NASDAQ: HTO
- PE Ratio
As of Jun 29, 2026, the HTO stock has a PE ratio of 20.89. The calculation is based on the latest EPS of $2.92 and the stock price of $61.01 per share. An increase of 21% has been observed in the PE ratio compared to its average of 17.3 of the last four quarters.
HTO PE ratio history
The mean historical PE ratio of H2O America over the last ten years is 29.99. The current 20.89 P/E ratio is 30% lower than the historical average. Looking back at the last ten years, HTO's PE ratio peaked in the Dec 2019 quarter at 86.66, with a price of $71.06 and an EPS of $0.82. The Sep 2025 quarter marked the lowest point at 15.46, with a price of $48.7 and an EPS of $3.15.
H2O America PE ratio by year
Maximum annual increase: 185.16% in 2019
Maximum annual decrease: -62.95% in 2020
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 16.72 | -2.51% | $48.99 | $2.93 |
| 2024 | 17.15 | -29.39% | $49.22 | $2.87 |
| 2023 | 24.29 | -26.99% | $65.35 | $2.69 |
| 2022 | 33.27 | -7.27% | $81.19 | $2.44 |
| 2021 | 35.88 | 11.74% | $73.2 | $2.04 |
| 2020 | 32.11 | -62.95% | $69.36 | $2.16 |
| 2019 | 86.66 | 185.16% | $71.06 | $0.82 |
| 2018 | 30.39 | 37.57% | $55.62 | $1.83 |
| 2017 | 22.09 | 2.22% | $63.83 | $2.89 |
| 2016 | 21.61 | 35.57% | $55.98 | $2.59 |
| 2015 | 15.94 | 27.01% | $29.65 | $1.86 |
| 2014 | 12.55 | -52.39% | $32.12 | $2.56 |
| 2013 | 26.36 | 18.9% | $29.79 | $1.13 |
| 2012 | 22.17 | 5.02% | $26.6 | $1.2 |
| 2011 | 21.11 | 5.29% | $23.64 | $1.12 |
H2O America PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 20.09 | 20.16% | $58.67 | $2.92 |
| Dec 2025 | 16.72 | 8.15% | $48.99 | $2.93 |
| Sep 2025 | 15.46 | -9.27% | $48.7 | $3.15 |
| Jun 2025 | 17.04 | -7.14% | $51.97 | $3.05 |
| Mar 2025 | 18.35 | 7% | $54.69 | $2.98 |
| Dec 2024 | 17.15 | -18.53% | $49.22 | $2.87 |
| Sep 2024 | 21.05 | 5.99% | $58.11 | $2.76 |
| Jun 2024 | 19.86 | -6.28% | $54.22 | $2.73 |
| Mar 2024 | 21.19 | -12.76% | $56.59 | $2.67 |
| Dec 2023 | 24.29 | 29.34% | $65.35 | $2.69 |
| Sep 2023 | 18.78 | -22.59% | $60.11 | $3.2 |
| Jun 2023 | 24.26 | -14.28% | $70.11 | $2.89 |
| Mar 2023 | 28.3 | -14.94% | $76.13 | $2.69 |
| Dec 2022 | 33.27 | 11.49% | $81.19 | $2.44 |
| Sep 2022 | 29.84 | -16.81% | $57.6 | $1.93 |
HTO Price vs fair value
HTO average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of HTO is higher than the 3-year average, but it is lower than its 5 and 10-year averages.
PE comparison
H2O America's price to earnings (P/E) of 20.89 is higher than the Utilities sector average but lower than the industry and its peers average. But in comparison with the Utilities sector average of 20.4, H2O America's price to earnings (P/E) is only 2.4% higher.
HTO PE vs peers
In comparison to its peers AWK and AWR, HTO's PE ratio is lower, but it is higher than ARTNA's and PCYO's. H2O America's PE ratio is trading below the peer average of 21.47.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ARTNA Artesian Resources Corp | 14.99 | $351.24M |
| PCYO Pure Cycle Corp | 18.84 | $263.46M |
| HTO H2O America | 20.89 | $2.55B |
| YORW York Water Co | 20.97 | $499.73M |
| MSEX Middlesex Water Co | 23.35 | $1.04B |
| AWK American Water Works Company Inc | 23.49 | $25.87B |
| AWR American States Water Co | 24.21 | $3.24B |
| CWT California Water Service Group | 24.46 | $2.93B |
| CDZI Cadiz Inc | N/A | $326.25M |
Frequently asked questions
What is H2O America's PE ratio?
The price to earnings ratio for HTO stock is 20.89 as of Jun 29, 2026.
What is the 3-year average PE ratio for H2O America (HTO)?
The average PE ratio for HTO stock over the past 3 years is 19.09.
What is the 5-year average PE ratio for H2O America (HTO)?
The average PE ratio for HTO stock over the past 5 years is 24.52.
What is the highest PE ratio for HTO?
The highest quarterly PE ratio in the last ten years has been 86.66 and it was in the Dec 2019 quarter.
How does the current PE ratio for HTO compare to its historical average?
HTO's current price to earnings ratio is 30% below its 10-year historical average.
How is HTO's PE ratio calculated (H2O America PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jun 29, 2026), H2O America's share price is $61.01. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $2.92. Therefore, H2O America's PE ratio for today is 20.89. PE RATIO(20.89) = STOCK PRICE($61.01) / TTM EPS($2.92)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.