P/E ratio for Artesian Resources (ARTNA)
P/E ratio as of March 2023 (TTM): 24.4
According to Artesian Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.3636. At the end of 2021 the company had a P/E ratio of 25.8.
P/E ratio history for Artesian Resources from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 25.8 | 26% |
| 2020 | 20.4 | -11.33% |
| 2019 | 23.1 | 3.58% |
| 2018 | 22.3 | -12.26% |
| 2017 | 25.4 | 12.78% |
| 2016 | 22.5 | -0.66% |
| 2015 | 22.6 | 6.59% |
| 2014 | 21.2 | -12.22% |
| 2013 | 24.2 | 22.07% |
| 2012 | 19.8 | -12.62% |
| 2011 | 22.7 | 19.03% |
| 2010 | 19.1 | -0.66% |
| 2009 | 19.2 | 16.32% |
| 2008 | 16.5 | -20.01% |
| 2007 | 20.6 | 4.88% |
| 2006 | 19.7 | -16.31% |
| 2005 | 23.5 | -5.9% |
| 2004 | 25.0 | -12.33% |
| 2003 | 28.5 | 68.86% |
| 2002 | 16.9 | -10.99% |
| 2001 | 18.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 American Water Works AWK | 31.4 | 28.94% | 🇺🇸 USA |
 York Water YORW | 31.3 | 28.67% | 🇺🇸 USA |
 Middlesex Water Company
MSEX | 31.7 | 30.27% | 🇺🇸 USA |
 Cadiz CDZI | -6.02 | -124.69% | 🇺🇸 USA |
 SJW Group
SJW | 31.1 | 27.73% | 🇺🇸 USA |
 California Water Service CWT | 38.4 | 57.75% | 🇺🇸 USA |
 American States Water
AWR | 40.1 | 64.64% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.