American States Water CoFRA:FDK +1.45%73 PB Ratio is 2.98 as of Jun. 24, 2026, which is 27% below its 10-year median of 4.08. GuruFocus rates FRA:FDK with a GF Score™ of 73/100 and a GF Value™ of €74.16 (Fairly Valued). The stock has 3 warning signs investors should review. Among 502 Utilities - Regulated companies, American States Water Co ranks worse than 85.46% on this metric.
American States Water Co stock PB Ratio (=2.91) is close to 10-year low of 2.63.
The historical rank and industry rank for American States Water Co's PB Ratio or its related term are showing as below:
FRA:FDK'
s PB Ratio Range Over the Past 10 Years
Min: 2.63 Med: 4.08 Max: 5.89
Current: 2.95
During the past 13 years, American States Water Co's highest PB Ratio was 5.89. The lowest was 2.63. And the median was 4.08.
FRA:FDK's PB Ratio is ranked worse than 85.46% of 502
companies
in the Utilities - Regulated industry
Industry Median: 1.43
vs FRA:FDK: 2.95
During the past 12 months, American States Water Co's average Book Value Per Share Growth Rate was 9.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of American States Water Co was 11.70% per year. The lowest was 2.10% per year. And the median was 5.60% per year.
Back to Basics: PB Ratio
American States Water Co (FRA:FDK) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* 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.
For the Utilities - Regulated Water subindustry, American States Water Co's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, American States Water Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where American States Water Co's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
American States Water Co (FRA:FDK) has a PB Ratio of 2.98 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on American States Water Co and its competitors. This is 27% below median its historical median of 4.08. Over the past decade, American States Water Co's PB Ratio has ranged from 2.63 to 5.89. According to the industry distribution chart, American States Water Co ranks #429 out of 502 companies in the Utilities - Regulated industry, placing it in the top 85.5%.
Is American States Water Co's PB Ratio too high?
American States Water Co's current PB Ratio of 2.98 is 27% below median its 10-year median of 4.08. Over the past 10 years, this metric has ranged from a low of 2.63 to a high of 5.89. The Utilities - Regulated industry median PB Ratio is 1.43. American States Water Co's value of 2.98 is 108.4% above this industry median. Based on the distribution chart, American States Water Co ranks #429 out of 502 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 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does American States Water Co's PB Ratio compare to CWT and HTO?
According to the Utilities - Regulated industry distribution chart, American States Water Co ranks #429 out of 502 companies for PB Ratio. This places American States Water Co in the lower half of its industry. The industry median PB Ratio is 1.43. American States Water Co's value of 2.98 is 108.4% above this benchmark. Historically, American States Water Co's own PB Ratio has ranged from 2.63 to 5.89 over the past decade. While the company's 10-year median is 4.08 vs. the industry median of 1.43, American States Water Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Utilities - Regulated company?
The median PB Ratio among Utilities - Regulated companies is 1.43, based on 502 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American States Water Co's current PB Ratio of 2.98 is 108.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on American States Water Co and its competitors. For the Utilities - Regulated industry, the median PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American States Water Co's current PB Ratio is 2.98, which is 27% below median its own 10-year median of 4.08. 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 €74.16, compared to a current price of €70.05 — trading 5.5% below its estimated fair value. The current PB Ratio is 2.98, which is 27% below median its 10-year median of 4.08 and 108.4% above the Utilities - Regulated industry median of 1.43. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For American States Water Co (FRA:FDK), the current PB Ratio is 2.98 as of Jun. 24, 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 5.5% below its estimated GF Value™ of €74.16.
GuruFocus considers American States Water Co to be Fairly Valued.
Key valuation signals for FRA:FDK:
PB Ratio: 2.98 (27% below median its 10-year median of 4.08)
GF Value™: €74.16 vs. price of €70.05 (5.5% below fair value)
Industry Position: 108.4% above the Utilities - Regulated median (#429 of 502)
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.
73GF Score
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