Middlesex Water Co's book value per share for the quarter that ended in Dec. 2023 was $23.74.
During the past 12 months, Middlesex Water Co's average Book Value Per Share Growth Rate was 4.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.10% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Middlesex Water Co was 12.20% per year. The lowest was 1.20% per year. And the median was 5.20% per year.
Middlesex Water Co's current price is $49.18. Its book value per share for the quarter that ended in Dec. 2023 was $23.74. Hence, today's PB Ratio of Middlesex Water Co is 2.07.
During the past 13 years, the highest P/B Ratio of Middlesex Water Co was 5.73. The lowest was 1.63. And the median was 3.05.
Good Sign:
Middlesex Water Co stock PB Ratio (=2.07) is close to 5-year low of 1.98
Middlesex Water Co Book Value per Share Historical Data
The historical data trend for Middlesex Water Co's Book Value per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Middlesex Water Co's Book Value per Share
For the Utilities - Regulated Water subindustry, Middlesex Water Co's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Middlesex Water Co's PB Ratio Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Middlesex Water Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Middlesex Water Co's PB Ratio falls into.
Middlesex Water Co Book Value per Share Calculation
Middlesex Water Co's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
Middlesex Water Co (NAS:MSEX) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Middlesex Water Co Book Value per Share Related Terms
Thank you for viewing the detailed overview of Middlesex Water Co's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Middlesex Water Co (Middlesex Water Co) Business Description
Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The firm primarily operates in the eastern states of New Jersey, Delaware, and Pennsylvania. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.
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