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Middlesex Water Company MSEX NASDAQ

NASDAQ Global Select • Utilities • Regulated Water • US • USD

SharesGrow Score
64/100
4/7 Pass
SharesGrow Intrinsic Value
$46.67
-10%
Analyst Price Target
$53.50
+3.2%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

Middlesex Water Company (MSEX) trades at a trailing P/E of 23.2, forward P/E of 20.3. Trailing earnings yield is 4.31%, forward earnings yield 4.93%. PEG 2.45. Graham Number is $37.54.

Criteria proven by this page:

  • VALUE (72/100, Pass) — P/E is below market average (23.2); earnings yield beats bond yields (4.31%).
  • Forward P/E 20.3 (down from trailing 23.2) — analysts expect earnings to grow, which would improve the valuation.
  • PEG Ratio 2.45 — above 2.0 suggests expensive relative to earnings growth.
  • Trailing Earnings Yield 4.31% — roughly competitive with bond yields (~4.3%), moderate risk-reward. Forward yield improves to 4.93% as earnings recover.
  • Analyst consensus target $53.50 (+3.2% upside) — modest upside expected.

Overall SharesGrow Score: 64/100 with 4/7 criteria passed.

SharesGrow 7-Criteria Score
64/100
SG Score
View full scorecard →
VALUE
72/100
Price-to-Earnings & upside
Proven by this page
FUTURE
67/100
Analyst consensus
→ Forecast
PAST
100/100
→ Income
HEALTH
33/100
Debt-to-Equity & liquidity
→ Health
MOAT
35/100
→ Income
~
GROWTH
55/100
→ Income
INCOME
85/100
→ Income

Valuation Snapshot — MSEX

Valuation Multiples
P/E (TTM)23.2
Forward P/E20.3
PEG Ratio2.45
Forward PEG2.45
P/B Ratio2.00
P/S Ratio5.13
EV/EBITDA15.0
Per Share Data
EPS (TTM)$2.33
Forward EPS (Est.)$2.56
Book Value / Share$26.92
Revenue / Share$10.58
FCF / Share$1.03
Yields & Fair Value
Earnings Yield4.31%
Forward Earnings Yield4.93%
Dividend Yield2.60%
Graham Number$37.54
SharesGrow IV$46.67 (-10%)
Analyst Target$53.50 (+3.2%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 30.7 2.36 3.16 5.26 1.90%
2017 28.6 0.00 2.81 4.98 2.17%
2018 26.9 0.63 3.48 6.33 1.72%
2019 31.3 15.49 3.25 7.88 1.54%
2020 32.9 3.91 3.63 8.94 1.45%
2021 57.6 -11.46 5.69 14.70 0.93%
2022 32.6 2.12 3.44 8.52 1.51%
2023 36.9 -1.41 2.74 7.00 1.94%
2024 21.2 0.53 2.10 4.89 2.51%
2025 21.3 -4.41 1.85 4.69 2.73%

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $1.38 $132.91M $22.74M 17.1%
2017 $1.38 $130.78M $22.81M 17.4%
2018 $1.96 $138.08M $32.45M 23.5%
2019 $2.01 $134.6M $33.89M 25.2%
2020 $2.18 $141.59M $38.43M 27.1%
2021 $2.07 $143.14M $36.54M 25.5%
2022 $2.39 $162.43M $42.43M 26.1%
2023 $1.76 $166.27M $31.52M 19%
2024 $2.47 $191.88M $44.35M 23.1%
2025 $2.36 $194.69M $42.82M 22%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $2.56 $2.52 – $2.59 $215.5M $213.06M – $217.94M 1
2027 $2.93 $2.89 – $2.97 $234.2M $233.1M – $235.3M 1
2028 $3.30 $3.29 – $3.31 $252.6M $249.74M – $255.46M 2
2029 $3.42 $3.37 – $3.47 $263.41M $260.42M – $266.4M 1
2030 $3.57 $3.52 – $3.62 $274.36M $271.25M – $277.47M 1
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