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Highest Forward P/E Ratio in the Water Utilities Industry Detected in Shares of Amer States Wate (AWR, MSEX, CWT, YORW, CTWS)

By James Quinn

Below are the three companies in the Water Utilities industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

Amer States Wate ranks highest with a a forward P/E ratio of 45.11. Following is Middlesex Water with a a forward P/E ratio of 37.44. Calif Water Srvc ranks third highest with a a forward P/E ratio of 36.80.

York Water Co follows with a a forward P/E ratio of 34.38, and Conn Water Svc rounds out the top five with a a forward P/E ratio of 32.02.

SmarTrend recommended that subscribers consider buying shares of Amer States Wate on May 6th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $71.21. Since that recommendation, shares of Amer States Wate have risen 18.3%. We continue to monitor Amer States Wate for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio amer states wate middlesex water calif water srvc york water co conn water svc

Ticker(s): AWR MSEX CWT YORW CTWS