P/E ratio for Middlesex Water Company (MSEX)
P/E ratio as of April 2024 (TTM): 23.4
According to Middlesex Water Company 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.3714. 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 |
|---|---|---|
| 2022 | 32.8 | -43.32% |
| 2021 | 57.8 | 74.78% |
| 2020 | 33.1 | 5.15% |
| 2019 | 31.5 | 16.8% |
| 2018 | 26.9 | -5.48% |
| 2017 | 28.5 | -7.72% |
| 2016 | 30.9 | 43.17% |
| 2015 | 21.6 | 6.67% |
| 2014 | 20.2 | 0.46% |
| 2013 | 20.1 | -7.36% |
| 2012 | 21.7 | 0.16% |
| 2011 | 21.7 | 11.15% |
| 2010 | 19.5 | -18.02% |
| 2009 | 23.8 | 24.37% |
| 2008 | 19.1 | -11.1% |
| 2007 | 21.5 | -4.57% |
| 2006 | 22.6 | -5% |
| 2005 | 23.8 | -7.19% |
| 2004 | 25.6 | -23.09% |
| 2003 | 33.3 | 54.46% |
| 2002 | 21.5 | -15.51% |
| 2001 | 25.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 American Water Works AWK | 25.2 | 7.73% | 🇺🇸 USA |
 York Water YORW | 24.3 | 4.13% | 🇺🇸 USA |
 Cadiz CDZI | -3.66 | -115.67% | 🇺🇸 USA |
 Artesian Resources ARTNA | 20.3 | -13.21% | 🇺🇸 USA |
 SJW Group
SJW | 17.3 | -26.05% | 🇺🇸 USA |
 California Water Service Group CWT | 63.8 | 172.96% | 🇺🇸 USA |
 American States Water
AWR | 22.4 | -4.19% | 🇺🇸 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.