American States Water Co (FRA:FDK) E10: €2.51 (As of Mar. 2026)


FRA:FDK American States Water Co FRA:FDK
73 GF Score
Price €70.05
GF Value €74.44
Valuation Fairly Valued
! 3 Warning Signs
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What is American States Water Co E10?

American States Water Co FRA:FDK +1.45% 73 E10 is €2.51 as of Mar. 2026. GuruFocus rates FRA:FDK with a GF Score™ of 73/100 and a GF Value™ of €74.44 (Fairly Valued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

American States Water Co's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.657. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.51 for the trailing ten years ended in Mar. 2026.

During the past 12 months, American States Water Co's average E10 Growth Rate was 7.80% per year. During the past 3 years, the average E10 Growth Rate was 7.80% per year. During the past 5 years, the average E10 Growth Rate was 8.70% per year. During the past 10 years, the average E10 Growth Rate was 9.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of American States Water Co was 11.00% per year. The lowest was 3.30% per year. And the median was 8.00% per year.

As of today (2026-06-25), American States Water Co's current stock price is €70.05. American States Water Co's E10 for the quarter that ended in Mar. 2026 was €2.51. American States Water Co's Shiller PE Ratio of today is 27.91.

During the past 13 years, the highest Shiller PE Ratio of American States Water Co was 57.47. The lowest was 24.99. And the median was 38.40.


American States Water Co  (FRA:FDK) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

American States Water Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=70.05/2.51
=27.91

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of American States Water Co was 57.47. The lowest was 24.99. And the median was 38.40.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


American States Water Co E10 Related Terms


American States Water Co E10 Historical Data

* Premium members only.

The historical data trend for American States Water Co's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

American States Water Co E10 Chart

American States Water Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.81 2.13 2.22 2.50 2.39

American States Water Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.49 2.33 2.36 2.39 2.51

FRA:FDK vs CWT, HTO, MSEX: E10 Comparison

For the Utilities - Regulated Water subindustry, American States Water Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


American States Water Co Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, American States Water Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where American States Water Co's Shiller PE Ratio falls into.


FRA:FDK
73GF Score
American States Water Co FRA:FDK
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

American States Water Co E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, American States Water Co's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.657/330.2130*330.2130
=0.657

Current CPI (Mar. 2026) = 330.2130.

American States Water Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.401 241.018 0.549
201609 0.526 241.428 0.719
201612 0.284 241.432 0.388
201703 0.318 243.801 0.431
201706 0.552 244.955 0.744
201709 0.478 246.819 0.640
201712 0.296 246.524 0.396
201803 0.235 249.554 0.311
201806 0.377 251.989 0.494
201809 0.531 252.439 0.695
201812 0.325 251.233 0.427
201903 0.310 254.202 0.403
201906 0.637 256.143 0.821
201909 0.690 256.759 0.887
201912 0.405 256.974 0.520
202003 0.344 258.115 0.440
202006 0.613 257.797 0.785
202009 0.611 260.280 0.775
202012 0.444 260.474 0.563
202103 0.437 264.877 0.545
202106 0.598 271.696 0.727
202109 0.646 274.310 0.778
202112 0.487 278.802 0.577
202203 0.345 287.504 0.396
202206 0.511 296.311 0.569
202209 0.697 296.808 0.775
202212 0.472 296.797 0.525
202303 0.869 301.836 0.951
202306 0.960 305.109 1.039
202309 0.796 307.789 0.854
202312 0.495 306.746 0.533
202403 0.570 312.332 0.603
202406 0.790 314.175 0.830
202409 0.856 315.301 0.896
202412 0.716 315.605 0.749
202503 0.647 319.799 0.668
202506 0.754 322.561 0.772
202509 0.903 324.800 0.918
202512 0.632 324.054 0.644
202603 0.657 330.213 0.657

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €2.51 mean?
American States Water Co (FRA:FDK) has a E10 of €2.51 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on American States Water Co and its competitors.
Is American States Water Co's E10 too high?
American States Water Co's current E10 is €2.51. Overall, American States Water Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does American States Water Co's E10 compare to CWT and HTO?
American States Water Co's E10 of €2.51 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on American States Water Co and its competitors. American States Water Co's current E10 is €2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American States Water Co stock overvalued right now?
Based on GuruFocus' analysis, American States Water Co (FRA:FDK) is currently considered Fairly Valued. The stock's GF Value™ is €74.44, compared to a current price of €70.05 — trading 5.9% below its estimated fair value. The current E10 is €2.51. American States Water Co's overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For American States Water Co (FRA:FDK), the current E10 is €2.51 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is American States Water Co (FRA:FDK) Overvalued in 2026?

Based on GuruFocus' analysis, American States Water Co stock appears to be undervalued. The current stock price of €70.05 is trading 5.9% below its estimated GF Value™ of €74.44. GuruFocus considers American States Water Co to be Fairly Valued.

Key valuation signals for FRA:FDK:

  • E10: €2.51
  • GF Value™: €74.44 vs. price of €70.05 (5.9% below fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the FRA:FDK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


American States Water Co Business Description

Other Exchanges AWR:USAFDK:Germany
Address 630 E. Foothill Boulevard, San Dimas, CA, USA, 91773-1212
American States Water Co is a water and utilities holding company based in California. The segments of the firm include water, electric, and contracted services. Within these segments, American States Water conducts water and electric operations through Golden State Water Company and Bear Valley Electric Service, Inc while contracted services through American States Utility Services and its subsidiaries. Golden State Water conducts its operations across various counties in California and is regulated by the California Public Utilities Commission. American States Utility Services has contracted with the U.S. government to provide water services to various military installations. The majority of the company's revenue is derived from water services to commercial and residential customers.
73GF Score

Get the complete analysis for FRA:FDK

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€70.05
Price
€74.44
GF Value