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STOCK COMPARISON

Thessaloniki Water Supply & Sewerage Co S.A vs American Water Works: Fair Value & Quality

Both stocks run through our valuation models. Here is how Thessaloniki Water Supply & Sewerage Co S.A (EYAPS) and American Water Works (AWK) compare, as of Aug 11, 2026.

As of Aug 11, 2026, Fair Value Calculator sees Thessaloniki Water Supply & Sewerage Co S.A as the less overvalued of the two: Thessaloniki Water Supply & Sewerage Co S.A trades at €4.59 versus a fair value of €3.48 (-24%), while American Water Works trades at $135 versus $65.80 (-51%).
Thessaloniki Water Supply & Sewerage Co S.A
EYAPS.AT · EUR · Utilities
-24%
upside to fair value
overvalued
Price€4.59
Fair Value€3.48
Quality53/100
American Water Works
AWK · USD · Utilities
-51%
upside to fair value
overvalued
Price$135
Fair Value$65.80
Quality41/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Thessaloniki Water Supply & Sewerage Co S.AAmerican Water Works
Valuation
20.6×P/E (TTM)22.9×
2.07×P/S (TTM)5.04×
0.97×P/B2.42×
8.9×EV/EBITDA13.7×
PEG2.51×
1.8%Dividend yield2.6%
€0.08Dividend per share$3.31
Profitability
9%Net margin21%
9%Operating margin33%
4%Return on equity10%
2%Return on assets4%
Growth
-5%Revenue growth (YoY)6%
7.3%Avg. growth/yr (3Y)10.7%
4.0%Avg. growth/yr (5Y)6.4%
Balance & size
Debt / equity1.18×
$181MMarket cap$26B
expensiveGrowth qualitymixed

American Water Works leads: 4 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Thessaloniki Water Supply & Sewerage Co S.Aof which business quality 53 · market factors 71 American Water Worksof which business quality 38 · market factors 58
ProfitabilityMargins and returns on capital today
28
36
Quality GrowthAre margins and returns improving?
38
33
CashflowEarnings quality: real cash, not paper profit
24
48
Fin. StrengthBalance sheet, leverage, solvency risk
94
18
InvestmentDisciplined investing over empire-building
59
31
Low VolatilityCalm price path (market factor)
78
88
MomentumPrice trend over the last 3–12 months (market factor)
63
45
52W MomentumDistance to the 52-week high (market factor)
76
45
Net IssuanceBuybacks instead of dilution
82
70

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Thessaloniki Water Supply & Sewerage Co S.A

Earnings-Based€2.99
Multiples€4.19
Asset-Based€3.44
Economic Profit€3.21
Growth Earnings€2.98

10 of 12 models see the stock below the current price.

American Water Works

Earnings-Based$34.02
Dividend Discount$54.96
Multiples$78.34
Asset-Based$37.18
Economic Profit$39.66
Growth Earnings$90.46

16 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Thessaloniki Water Supply & Sewerage Co S.A
Bear €2.87Fair Value €3.48Bull €3.88
€4.59 = current price (white tick)
American Water Works
Bear $49.35Fair Value $65.80Bull $99.51
$135 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Thessaloniki Water Supply & Sewerage Co S.A · Utilities

Quality score53 · above median
Fair value upside-24% · below median

American Water Works · Utilities

Quality score41 · below median
Fair value upside-51% · bottom 25%

Bottom line

As of Aug 11, 2026, Fair Value Calculator sees Thessaloniki Water Supply & Sewerage Co S.A as the less overvalued of the two: Thessaloniki Water Supply & Sewerage Co S.A trades at €4.59 versus a fair value of €3.48 (-24%), while American Water Works trades at $135 versus $65.80 (-51%).

Thessaloniki Water Supply & Sewerage Co S.A has the higher quality score (53/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.