AMERICAN STATES WATER CO (AWR)

Water Supply

Latest Price

$86.45

TTM P/E

23.68

Normalized P/E

28.49

Div Yield

1.75%

Book Value

28.59

P/B Ratio

3.02

Valuation metrics

EPS: $3.37

Book value / share: $26.75

Formula: √(22.5 × EPS × BVPS)

Graham Number

$45.04

48% downside

Norm. op. income: $141M (median of 7yr)

Tax rate: 23%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$8.17

91% downside

EPS: $3.37

Target P/E: 28×

Formula: EPS × P/E

P/E Fair Value

$94.36

+9% upside

83.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	7.29M	$602.0M	18.40%	+432.7K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	3.52M	$291.0M	8.89%	+417.8K	2026-06-30
NEUBERGER BERMAN GROUP LLC	2.56M	$211.0M	6.45%	+30.1K	2026-06-30
STATE STREET CORP	2.24M	$185.0M	5.66%	+178.8K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	1.79M	$147.0M	4.52%	+33.3K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	1.00M	$82.0M	2.53%	+66.7K	2026-06-30
AQR CAPITAL MANAGEMENT LLC	919.6K	$75.0M	2.32%	+446.1K	2026-06-30
MORGAN STANLEY	904.6K	$74.0M	2.28%	-397.8K	2026-06-30
FIRST TRUST ADVISORS LP	778.4K	$64.0M	1.96%	-57.7K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	749.3K	$61.0M	1.89%	+8.2K	2026-06-30