California Water Service Group (CWT) is overvalued and York Water Co (YORW) is overvalued.
Both trade above our estimate of their intrinsic value. CWT is the closer of the two: -48%, against -53% for YORW.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.1% (average of 3 methods) values the shares at $31.85; the price of $47.29 is 48% above that value, and 83% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
Discounting its cash flows at 7.8% (average of 2 methods) values the shares at $20.66; the price of $31.59 is 53% above that value.
Leak Score 33/100 on 9 of 12 signals
| Metric | CWT | YORW |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $47.29 | $31.59 |
| Intrinsic value | $31.85 | $20.66 |
| Margin of safety | -48% | -53% |
| Leak Score | 14/100 (3/12) | 33/100 (9/12) |
| Market cap | $2.9B | $513M |
| Revenue growth, 5 years | 4.7% | 7.5% |
| Operating margin | 19.2% | 36.6% |
| Net margin | 12.6% | 28.5% |
| Return on equity | 7.7% | 9.0% |
| Debt to equity | 0.93 | 0.64 |
| P/E | 21.3x | 19.7x |
| Forward P/E | 17.2x | 17.9x |
| P/B | 1.6x | 1.7x |
| Dividend yield | 2.8% | 2.9% |