P/E ratio for Middlesex Water Company (MSEX)
P/E ratio as of March 2023 (TTM): 32.1
According to Middlesex Water Company 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.1083. At the end of 2021 the company had a P/E ratio of 57.8.
P/E ratio history for Middlesex Water Company from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 57.8 | |
| 2019 | 31.5 | 16.8% |
| 2018 | 26.9 | -5.48% |
| 2017 | 28.5 | -7.72% |
| 2016 | 30.9 | 43.17% |
| 2015 | 21.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 American Water Works AWK | 31.4 | -2.12% | 🇺🇸 USA |
 York Water YORW | 31.4 | -2.10% | 🇺🇸 USA |
 Cadiz CDZI | -6.27 | -119.54% | 🇺🇸 USA |
 Artesian Resources ARTNA | 24.5 | -23.65% | 🇺🇸 USA |
 SJW Group
SJW | 31.4 | -2.26% | 🇺🇸 USA |
 California Water Service CWT | 38.7 | 20.43% | 🇺🇸 USA |
 American States Water
AWR | 40.3 | 25.59% | 🇺🇸 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.