As of Sep 28, 2023, the Middlesex Water stock's PE ratio is 31.39. This results from the current EPS of $2.1 and stock price of $65.91. The P/E ratio has a decrease of 11% from the past four quarters average of 35.4.
The PE ratio of Middlesex Water has averaged 29.52 over the last ten years. The current PE ratio of 31.39 is 6% above the historical average. Over the past ten years, MSEX's PE ratio was at its highest in the Dec 2021 quarter at 57.84, when the stock price was $120.3 and the EPS was $2.08. The lowest value was in the Sep 2014 quarter, when it reached 17.66 with a price of $19.6 and an EPS of $1.11.
Maximum annual increase: 74.8% in 2021
Maximum annual decrease: -43.33% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2022 | 32.78 | -43.33% |
| 2021 | 57.84 | 74.8% |
| 2020 | 33.09 | 5.15% |
| 2019 | 31.47 | 16.21% |
| 2018 | 27.08 | -5.68% |
| 2017 | 28.71 | -7.06% |
| 2016 | 30.89 | 43.14% |
| 2015 | 21.58 | 6.67% |
| 2014 | 20.23 | 0.5% |
| 2013 | 20.13 | -7.36% |
Currently, MSEX's PE ratio is above the 10-year historical average, but it is below the 3 and 5-year averages.
MSEX's PE ratio is lower than its peer stock CWT, but it is greater than AWK's and AWR's. Middlesex Water is presently trading at a higher PE ratio (31.39) than its peer group average of 24.25.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SJW Sjw Group | 20.85 | $1.91B |
| ARTNA Artesian Resources Corp | 24.31 | $429.65M |
| AWR American States Water Co | 24.72 | $2.9B |
| YORW York Water Co | 25.58 | $534.49M |
| AWK American Water Works Company Inc | 25.79 | $24.05B |
| MSEX Middlesex Water Co | 31.51 | $1.17B |
| CWT California Water Service Group | 40.77 | $2.73B |
| CDZI Cadiz Inc | N/A | $216.44M |
MSEX stock has a price to earnings ratio of 31.39 as of Sep 28, 2023.
The average PE ratio for MSEX stock over the past 3 years is 38.87.
The average PE ratio for MSEX stock over the past 5 years is 34.99.
Over the last ten years, the quarterly PE ratio reached a historic high of 57.84 in the Dec 2021 quarter.
MSEX's price to earnings ratio is currently 6% above its 10-year historical average.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Sep 28, 2023), Middlesex Water's stock price is $65.91. The earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $2.1. Therefore, Middlesex Water's P/E ratio for today is 31.39. PE RATIO(31.39) = STOCK PRICE($65.91) / TTM EPS($2.1)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.