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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
The historical rank and industry rank for American States Water Co's Intrinsic Value: Projected FCF or its related term are showing as below:
FRA:FDK'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.74 Med: 6.37 Max: 15.56
Current: 6.51
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of American States Water Co was 15.56. The lowest was 1.74. And the median was 6.37.
FRA:FDK's Price-to-Projected-FCF is ranked worse than 90.31% of 382
companies
in the Utilities - Regulated industry
Industry Median: 1
vs FRA:FDK: 6.51
American States Water Co (FRA:FDK) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
American States Water Co's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
73.80
/
10.801804574722
=
6.83
* 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 Intrinsic Value: Projected FCF Related Terms
American States Water Co Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for American States Water Co's Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF Chart
FRA:FDK vs CWT, HTO, MSEX: Intrinsic Value: Projected FCF Comparison
For the Utilities - Regulated Water subindustry, American States Water Co's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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 Price-to-Projected-FCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, American States Water Co's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where American States Water Co's Price-to-Projected-FCF falls into.
American States Water Co Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of €11.34 mean?
American States Water Co (FRA:FDK) has a Intrinsic Value: Projected FCF of €11.34 as of Sep. 21, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on American States Water Co and its competitors. According to the industry distribution chart, American States Water Co ranks #345 out of 382 companies in the Utilities - Regulated industry, placing it in the top 90.3%.
Is American States Water Co's Intrinsic Value: Projected FCF too high?
American States Water Co's current Intrinsic Value: Projected FCF is €11.34. Based on the distribution chart, American States Water Co ranks #345 out of 382 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, American States Water Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does American States Water Co's Intrinsic Value: Projected FCF compare to CWT and HTO?
According to the Utilities - Regulated industry distribution chart, American States Water Co ranks #345 out of 382 companies for Intrinsic Value: Projected FCF. This places American States Water Co in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.00. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Utilities - Regulated company?
The median Intrinsic Value: Projected FCF among Utilities - Regulated companies is 1.00, based on 382 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on American States Water Co and its competitors. For the Utilities - Regulated industry, the median Intrinsic Value: Projected FCF is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American States Water Co's current Intrinsic Value: Projected FCF is €11.34. 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 €73.28, compared to a current price of €73.80 — trading 0.7% above its estimated fair value. The current Intrinsic Value: Projected FCF is €11.34. American States Water Co's overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For American States Water Co (FRA:FDK), the current Intrinsic Value: Projected FCF is €11.34 as of Sep. 21, 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 overvalued.
The current stock price of €73.80 is trading 0.7% above its estimated GF Value™ of €73.28.
GuruFocus considers American States Water Co to be Fairly Valued.
Key valuation signals for FRA:FDK:
Intrinsic Value: Projected FCF: €11.34
GF Value™: €73.28 vs. price of €73.80 (0.7% above fair value)
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 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.
79GF Score
Get the complete analysis for FRA:FDK
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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