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Wednesday 4 November 2026 Export HTO’s income statement to Excel — free account

H2O America

HTO Utilities Utilities Regulated Water

H2O America’s revenue for fiscal 2025 (year ended December 2025) was $800.6 million, up 6.97% from fiscal 2024.

Revenue
+4.02%
EPS
−19.2%
Free cash flow
+34.0%
Total debt
+9.90%

Quarter to September 2026, against a year earlier

62.72 2.08 +3.43%
Market cap
$2.9B
P/E
23.2×
Fwd P/E
20.3×
Dividend yield
3.59%
F-score
5/9
Altman Z
0.69
Beneish M
−2.72
Dividend safety
36/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

H2O America (HTO) P/B ratio

Alert me on P/B ratio

As of 3 November 2026, H2O America (HTO) trades at a P/B ratio of 1.2×. Over the past ten years it has ranged from 1.0× (November 2025) to 3.1× (November 2017); the current reading is higher than 4% of that period. That is below the Utilities Regulated Water industry median of 1.7× and below the Utilities sector median of 1.7×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.1× (5.48%)
FY2024 1.2× (29.94%)
FY2023 1.7× (25.08%)
FY2022 2.2× 7.10%
FY2021 2.1× (2.90%)
FY2020 2.2× (5.02%)
FY2019 2.3× 71.16%
FY2018 1.3× (52.78%)
FY2017 2.8× 5.12%
FY2016 2.7× 69.93%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.2× (14.83%)
Jun 2026 1.4× 13.67%
Mar 2026 1.2× 9.03%
Dec 2025 1.1× (2.03%)
43 more quarters

Against its own ten years

Low 1.0× High 3.1×
Ten-year median 1.9×
Current reading's percentile 4

P/B ratio against peers

Company P/B ratio
HTO H2O America 1.2×
ARTNA Artesian Resources Corporation compare 1.4×
CWT California Water Service Group compare 1.6×
YORW The York Water Company compare 1.7×
SBS Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp compare 1.7×
WTRG Essential Utilities Inc. compare 1.8×
CWCO Consolidated Water Co. Ltd. compare 1.9×
MSEX Middlesex Water Company compare 2.0×
AWR American States Water Company compare 3.1×
Utilities Regulated Water industry median 1.7×
Utilities sector median 1.7×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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