Valuation dashboard for Middlesex Water Company (MSEX) with P/E 20.35, P/B 1.89, EV/EBITDA 14.72 and dividend yield 2.72%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Utilities companies.
Middlesex Water Company primarily delivers vital water and wastewater utility services, structured around two key business units. Its regulated operations are dedicated to the acquisition, treatment, and distribution of water to a broad spectrum of retail and wholesale clients, including residential, commercial, industrial, and fire protection users. This division also oversees regulated wastewater systems in both New Jersey and Delaware.
Analysis Summary
Middlesex Water Company reported revenue of $194.7M in the most recent fiscal year, growing at a 5-year CAGR of 6.6%. Net income reached $42.8M, with a 2.2% 5-year CAGR.
Trailing-twelve-month margins: gross margin 43.6%, operating margin 29.2%, net margin 23.3%.
At $52.90 (closing price, October 6, 2026), MSEX trades at a P/E of 20.35 and an ROE of 9.57%. Market capitalisation stands at $997M.
Balance sheet quality for MSEX: current ratio of 0.4. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 20.35 |
| Price / Book | 1.89 |
| EV / EBITDA | 14.72 |
| Dividend Yield | 2.72% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| MSEX | Middlesex Water Company | $997M | 20.35 | 1.89 | 9.6% |
| WTTR | Select Water Solutions, Inc. | $2.2B | 74.34 | 2.59 | 3.5% |
| AWK | American Water Works Company, Inc. | $25.4B | 22.12 | 2.15 | 10.2% |
| 0HEW.L | American Water Works Company, Inc. | $25.0B | 22.17 | 2.15 | 10.2% |
| SBS | Companhia de Saneamento Básico do Estado de São Paulo - SABESP | $17.7B | 11.26 | 0.49 | 18.5% |
| WTRG | Essential Utilities, Inc. | $11.2B | 20.09 | 1.56 | 8.0% |
| UU.L | United Utilities Group PLC | $10.5B | 16.49 | 4.31 | 27.7% |
| SVT.L | Severn Trent Plc | $9.4B | 25.11 | 5.09 | 20.3% |
Price
| Price | $52.90 (closing price, October 6, 2026) |
| Market Cap | $997M |
| Exchange | NASDAQ |
| Country | US |
Profitability
| Return on Equity | 9.57% |
| Return on Invested Capital | 3.99% |
| Return on Assets | 3.37% |
| Gross Margin | 43.64% |
| Operating Margin | 29.22% |
| Net Margin | 23.26% |
Related companies: WTTR · AWK · 0HEW.L · SBS · WTRG · UU.L · SVT.L · AWR
Explore sector: Utilities · Regulated Water
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