The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

CWT

Concerning the House

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. It is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services. The company offers its services to approximately 500,000 customer connections in 20 separate districts; approximately 6,800 water and wastewater customer connections on the islands of Kauai, Maui, Oahu, and Hawaii; approximately 38,500 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, Rainier, Yelm, and Gig Harbor areas; and approximately 11,800 water and wastewater customer connections in Rio Communities, Rio Del Oro, Meadow Lake, Indian Hills, Squaw Valley, Elephant Butte, Morningstar, Sandia Knolls, Juan Tomas, Monterey, and Cypress Gardens systems. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties; and billing of optional third-party insurance programs to its residential customers. In addition, it provides wastewater collection and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.

United States · www.calwatergroup.com

The Long Run

FY 2011–2025 · 15 years

LineLatestCAGRTrend
Revenue$963.70M+7.3%
Operating income$170.37M+14.4%
Net income$190.81M+38.4%
Cash from ops$302.56M+7.8%
Quotation

$50.19

+0.21 (+0.4%)

52w hi$52.09
52w lo$41.39
Vol244.64K
As ofAug 13
The Verdict

Hold

Our score +0.23

Short+0.44
Medium+0.10
Long+0.06

computed 2026-08-13

By the Numbers

California Water Service Group

Utilities · Utilities - Regulated Water

Market cap$3.10B
Enterprise value$4.73B
Trailing P/E22.51x
Forward P/E18.25x
EV / EBITDA13.08x
P / S (ttm)2.94x
Profit margin12.6%
Return on equity7.7%
Revenue growth+16.5%
Earnings growth+31.4%
Debt / equity92.68
Risk Metrics
Beta vs SPX-0.04
Corr SPX-0.03
Annual vol23.7%
Annual ret-0.2%
Sharpe-0.01
Max DD-24.5%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.29
Sector-0.01
Technical+0.31
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$50.28$50.66$50.10$50.19244.64K
Aug 12$50.04$50.04$49.51$49.98398.20K
Aug 11$49.70$50.18$49.22$49.98325.50K
Aug 10$49.85$49.96$49.17$49.48420.00K
Aug 7$49.07$50.71$48.62$50.53487.10K