American States Water CoAWR +0.78%84 Return-on-Tangible-Asset is 4.40% as of Mar. 2026, which is 12% below its 10-year median of 5.02. GuruFocus rates AWR with a GF Score™ of 84/100 and a GF Value™ of $85.52 (Fairly Valued). The stock has 4 warning signs investors should review. Among 509 Utilities - Regulated companies, American States Water Co ranks better than 68.17% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. American States Water Co's annualizedNet Income for the quarter that ended in Mar. 2026 was $119.8 Mil. American States Water Co's average total tangible assets for the quarter that ended in Mar. 2026 was $2,724.6 Mil. Therefore, American States Water Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.40%.
The historical rank and industry rank for American States Water Co's Return-on-Tangible-Asset or its related term are showing as below:
AWR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.99 Med: 5.02 Max: 5.84
Current: 5.04
During the past 13 years, American States Water Co's highest Return-on-Tangible-Asset was 5.84%. The lowest was 3.99%. And the median was 5.02%.
AWR's Return-on-Tangible-Asset is ranked better than 68.17% of 509
companies
in the Utilities - Regulated industry
Industry Median: 3.3
vs AWR: 5.04
American States Water Co (NYSE:AWR) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
American States Water Co Return-on-Tangible-Asset Related Terms
American States Water Co Return-on-Tangible-Asset Historical Data
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The historical data trend for American States Water Co's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Chart
AWR vs CWT, HTO, MSEX: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Water subindustry, American States Water Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, American States Water Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where American States Water Co's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.40% mean?
American States Water Co (AWR) has a Return-on-Tangible-Asset of 4.40% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on American States Water Co and its competitors. This is 12% below median its historical median of 5.02. Over the past decade, American States Water Co's Return-on-Tangible-Asset has ranged from 3.99 to 5.84. According to the industry distribution chart, American States Water Co ranks #162 out of 509 companies in the Utilities - Regulated industry, placing it in the top 31.8%.
Is American States Water Co's Return-on-Tangible-Asset too high?
American States Water Co's current Return-on-Tangible-Asset of 4.40% is 12% below median its 10-year median of 5.02. Over the past 10 years, this metric has ranged from a low of 3.99 to a high of 5.84. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.30. American States Water Co's value of 4.40% is 33.3% above this industry median. Based on the distribution chart, American States Water Co ranks #162 out of 509 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, American States Water Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does American States Water Co's Return-on-Tangible-Asset compare to CWT and HTO?
According to the Utilities - Regulated industry distribution chart, American States Water Co ranks #162 out of 509 companies for Return-on-Tangible-Asset. This puts American States Water Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.30. American States Water Co's value of 4.40% is 33.3% above this benchmark. Historically, American States Water Co's own Return-on-Tangible-Asset has ranged from 3.99 to 5.84 over the past decade. While the company's 10-year median is 5.02 vs. the industry median of 3.30, 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 Return-on-Tangible-Asset for an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.30, based on 509 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American States Water Co's current Return-on-Tangible-Asset of 4.40% is 33.3% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on American States Water Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American States Water Co's current Return-on-Tangible-Asset is 4.40%, which is 12% below median its own 10-year median of 5.02. 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 (AWR) is currently considered Fairly Valued. The stock's GF Value™ is $85.52, compared to a current price of $84.51 — trading 1.2% below its estimated fair value. The current Return-on-Tangible-Asset is 4.40%, which is 12% below median its 10-year median of 5.02 and 33.3% above the Utilities - Regulated industry median of 3.30. American States Water Co's overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For American States Water Co (AWR), the current Return-on-Tangible-Asset is 4.40% 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 (AWR) Overvalued in 2026?
Based on GuruFocus' analysis, American States Water Co stock appears to be undervalued.
The current stock price of $84.51 is trading 1.2% below its estimated GF Value™ of $85.52.
GuruFocus considers American States Water Co to be Fairly Valued.
Key valuation signals for AWR:
Return-on-Tangible-Asset: 4.40% (12% below median its 10-year median of 5.02)
GF Value™: $85.52 vs. price of $84.51 (1.2% below fair value)
Industry Position: 33.3% above the Utilities - Regulated median (#162 of 509)
No single metric tells the full story. See the AWR 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.
84GF Score
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