Middlesex Water Company
MSEX
#5334
Rank
$0.83 B
Marketcap
$47.07
Share price
-1.86%
Change (1 day)
-42.12%
Change (1 year)

P/E ratio for Middlesex Water Company (MSEX)

P/E ratio as of April 2024 (TTM): 22.8

According to Middlesex Water Company 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.8381. At the end of 2022 the company had a P/E ratio of 32.8.

P/E ratio history for Middlesex Water Company from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202232.8-43.32%
202157.874.78%
202033.15.15%
201931.516.8%
201826.9-5.48%
201728.5-7.72%
201630.943.17%
201521.66.67%
201420.20.46%
201320.1-7.36%
201221.70.16%
201121.711.15%
201019.5-18.02%
200923.824.37%
200819.1-11.1%
200721.5-4.57%
200622.6-5%
200523.8-7.19%
200425.6-23.09%
200333.354.46%
200221.5-15.51%
200125.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
24.4 7.03%๐Ÿ‡บ๐Ÿ‡ธ USA
23.6 3.38%๐Ÿ‡บ๐Ÿ‡ธ USA
-3.97-117.37%๐Ÿ‡บ๐Ÿ‡ธ USA
20.3-11.05%๐Ÿ‡บ๐Ÿ‡ธ USA
16.7-26.72%๐Ÿ‡บ๐Ÿ‡ธ USA
61.7 170.10%๐Ÿ‡บ๐Ÿ‡ธ USA
21.7-5.15%๐Ÿ‡บ๐Ÿ‡ธ 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.