As of May 3, 2024, the Middlesex Water stock's PE ratio is 30.02. This results from the current EPS of $1.77 and stock price of $53.13. The P/E ratio has a decrease of 20% from the past four quarters average of 37.4.
The PE ratio of Middlesex Water has averaged 30.55 over the last ten years. The current PE ratio of 30.02 is comparable to 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 |
|---|---|---|
| 2023 | 37.07 | 13.09% |
| 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% |
Currently, MSEX's PE ratio is below the 3, 5 and 10-year averages.
MSEX's PE ratio is higher than its peer stocks AWK and CWT. Middlesex Water is presently trading at a higher PE ratio (30.02) than its peer group average of 22.25.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CWT California Water Service Group | 20.15 | $2.92B |
| SJW Sjw Group | 20.8 | $1.79B |
| AWR American States Water Co | 21.82 | $2.72B |
| YORW York Water Co | 22.23 | $528.93M |
| ARTNA Artesian Resources Corp | 22.35 | $383.96M |
| AWK American Water Works Company Inc | 26.17 | $25.08B |
| MSEX Middlesex Water Co | 30.02 | $946.87M |
| CDZI Cadiz Inc | N/A | $156.93M |
MSEX stock has a price to earnings ratio of 30.02 as of May 3, 2024.
The average PE ratio for MSEX stock over the past 3 years is 40.07.
The average PE ratio for MSEX stock over the past 5 years is 36.49.
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 1.7% below 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 (May 3, 2024), Middlesex Water's stock price is $53.13. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $1.77. Therefore, Middlesex Water's P/E ratio for today is 30.02. PE RATIO(30.02) = STOCK PRICE($53.13) / TTM EPS($1.77)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.