SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'pettm'
MSEX (Middlesex Water Co) PE Ratio
The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2024-04-19), Middlesex Water Co's share price is
$46.64.
Middlesex Water Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $1.76. Therefore, Middlesex Water Co's PE Ratio for today is 26.50.
Good Sign:
Middlesex Water Co stock PE Ratio (=26.5) is close to 5-year low of 26.5
The historical rank and industry rank for Middlesex Water Co's PE Ratio or its related term are showing as below:
MSEX'
s PE Ratio Range Over the Past 10 Years
Min: 17.93 Med: 29.34 Max: 58.12
Current: 26.5
During the past 13 years, the highest PE Ratio of Middlesex Water Co was 58.12. The lowest was 17.93. And the median was 29.34.
MSEX's PE Ratio is ranked worse than 79.27% of 439
companies
in the Utilities - Regulated industry
Industry Median: 14.43
vs MSEX: 26.50
As of today (2024-04-19), Middlesex Water Co's share price is $46.64.
Middlesex Water Co's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was $1.76. Therefore, Middlesex Water Co's PE Ratio without NRI for today is 26.50.
During the past 13 years, Middlesex Water Co's highestPE Ratio without NRI was 58.12. The lowest was 17.93. And the median was 29.40.
Middlesex Water Co's EPS without NRI for the
three
months ended in Dec. 2023 was $0.32.
Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was $1.76.
During the past 12 months, Middlesex Water Co's average EPS without NRIGrowth Rate was -16.80% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was -6.90% per year.
During the past 5 years, the average EPS without NRIGrowth Rate was -1.20% per year.
During the past 10 years, the average EPS without NRIGrowth Rate was 7.60% per year.
During the past 13 years, Middlesex Water Co's highest 3-Year average EPS without NRI Growth Rate was 17.10% per year. The lowest was -8.60% per year. And the median was 4.10% per year.
Middlesex Water Co's EPS (Basic) for the
three
months ended in Dec. 2023 was $0.32.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2023 was $1.77.
Middlesex Water Co PE Ratio Historical Data
The historical data trend for Middlesex Water Co's PE Ratio 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.
* Premium members only.
Middlesex Water Co Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
PE Ratio
31.63
33.24
58.12
32.92
37.28
Middlesex Water Co Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
PE Ratio
32.92
38.48
38.78
36.01
37.28
Competitive Comparison
For the Utilities - Regulated Water subindustry, Middlesex Water Co's PE Ratio, along with its competitors' market caps and PE 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 PE Ratio Distribution
For the Utilities - Regulated industry and Utilities sector, Middlesex Water Co's PE Ratio distribution charts can be found below:
* The bar in red indicates where Middlesex Water Co's PE Ratio falls into.
Middlesex Water Co PE Ratio Calculation
The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.
Middlesex Water Co's PE Ratio for today is calculated as
Middlesex Water Co's Share Price of today is $46.64.
Middlesex Water Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.76.
* 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.
It can also be calculated from the numbers for the whole company:
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Middlesex Water Co (NAS:MSEX) PE Ratio Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .
PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.
Middlesex Water Co PE Ratio Related Terms
Thank you for viewing the detailed overview of Middlesex Water Co's PE Ratio 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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