California Water Service Group Experiences Valuation Adjustment Amid Competitive Market Landscape

California Water Service Group has recently undergone a valuation adjustment, reflecting its current financial metrics and market position within the utilities sector. The company reports a price-to-earnings (P/E) ratio of 20, alongside a price-to-book value of 1.67. Its enterprise value to EBITDA stands at 12.46, while the EV to EBIT is noted at 21.42. The company also boasts a notable dividend yield of 191.75%, with a return on capital employed (ROCE) of 6.36% and a return on equity (ROE) of 8.20%.
In comparison to its peers, California Water Service Group's valuation metrics indicate a competitive stance within the industry. Essential Utilities, Inc. and American States Water Co. are positioned with lower P/E ratios, while Middlesex Water Co. and Select Water Solutions, Inc. exhibit higher valuations. The company's recent performance shows a 2.75% return over the past week and a 7.34% return over the past month, although it has lagged behind the S&P 500 in longer-term returns. This evaluation adjustment highlights the company's current standing amidst its peers in the utilities sector.