American States Water CoAWR +1.70%83 3-Year ROIIC % is 14.27 as of Dec. 2025, which is 105% above its 10-year median of 6.96. GuruFocus rates AWR with a GF Score™ of 83/100 and a GF Value™ of $85.44 (Fairly Valued). The stock has 4 warning signs investors should review. Among 478 Utilities - Regulated companies, American States Water Co ranks better than 79.29% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
American States Water Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 14.27%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for American States Water Co's 3-Year ROIIC % or its related term are showing as below:
AWR's 3-Year ROIIC % is ranked better than 79.29% of 478
companies
in the Utilities - Regulated industry
Industry Median: 3.99
vs AWR: 14.27
American States Water Co (NYSE:AWR) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
American States Water Co 3-Year ROIIC % Related Terms
American States Water Co 3-Year ROIIC % Historical Data
* 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 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, American States Water Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where American States Water Co's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
American States Water Co (AWR) has a 3-Year ROIIC % of 14.27 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on American States Water Co and its competitors. This is 105% above median its historical median of 6.96. According to the industry distribution chart, American States Water Co ranks #99 out of 478 companies in the Utilities - Regulated industry, placing it in the top 20.7%.
Is American States Water Co's 3-Year ROIIC % too high?
American States Water Co's current 3-Year ROIIC % of 14.27 is 105% above median its 10-year median of 6.96. The Utilities - Regulated industry median 3-Year ROIIC % is 3.99. American States Water Co's value of 14.27 is 257.6% above this industry median. Based on the distribution chart, American States Water Co ranks #99 out of 478 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, American States Water Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does American States Water Co's 3-Year ROIIC % compare to CWT and HTO?
According to the Utilities - Regulated industry distribution chart, American States Water Co ranks #99 out of 478 companies for 3-Year ROIIC %. This places American States Water Co in the top 21% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.99. American States Water Co's value of 14.27 is 257.6% above this benchmark. While the company's 10-year median is 6.96 vs. the industry median of 3.99, 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 3-Year ROIIC % for an Utilities - Regulated company?
The median 3-Year ROIIC % among Utilities - Regulated companies is 3.99, based on 478 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American States Water Co's current 3-Year ROIIC % of 14.27 is 257.6% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on American States Water Co and its competitors. For the Utilities - Regulated industry, the median 3-Year ROIIC % is 3.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American States Water Co's current 3-Year ROIIC % is 14.27, which is 105% above median its own 10-year median of 6.96. 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 $85.44, compared to a current price of $84.76 — trading 0.8% below its estimated fair value. The current 3-Year ROIIC % is 14.27, which is 105% above median its 10-year median of 6.96 and 257.6% above the Utilities - Regulated industry median of 3.99. American States Water Co's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For American States Water Co (AWR), the current 3-Year ROIIC % is 14.27 as of Dec. 2025. 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 $84.76 is trading 0.8% below its estimated GF Value™ of $85.44.
GuruFocus considers American States Water Co to be Fairly Valued.
Key valuation signals for AWR:
3-Year ROIIC %: 14.27 (105% above median its 10-year median of 6.96)
GF Value™: $85.44 vs. price of $84.76 (0.8% below fair value)
Industry Position: 257.6% above the Utilities - Regulated median (#99 of 478)
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.
83GF Score
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