Artesian Resources Corporation (ARTNA) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Regulated Water
EV/EBITDA
↓
10.42
↓-33% vs avg
5yr avg: 15.59
30Y Low6.9·High20.6
P/FCF
N/A
—
5yr avg: N/A
30Y Low32.9·High191.5
P/B Ratio
↓
1.33
↓-33% vs avg
5yr avg: 1.98
30Y Low0.9·High3.0
ROE
↓
9.3%
↓+2% vs avg
5yr avg: 9.1%
30Y Low6%·High10%
Debt/EBITDA
↓
3.70
↓-22% vs avg
5yr avg: 4.74
30Y Low3.6·High6.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ARTNA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Artesian Resources Corporation trades at 14.6x earnings, 35% below its 5-year average of 22.4x, sitting at the 3rd percentile of its historical range. Compared to the Utilities sector median P/E of 19.0x, the stock trades at a discount of 23%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $332M | $326M | $326M | $415M | $555M | $437M | $347M | $347M | $324M | $356M | $293M |
| Enterprise Value | $515M | $509M | $504M | $594M | $752M | $609M | $519M | $500M | $457M | $472M | $403M |
| P/E Ratio → | 14.61 | 14.30 | 15.97 | 24.82 | 30.83 | 25.88 | 20.72 | 23.26 | 22.64 | 25.54 | 22.65 |
| P/S Ratio | 2.94 | 2.89 | 3.02 | 4.20 | 5.62 | 4.81 | 3.94 | 4.15 | 4.03 | 4.33 | 3.70 |
| P/B Ratio | 1.33 | 1.30 | 1.36 | 1.80 | 2.96 | 2.45 | 2.05 | 2.17 | 2.11 | 2.43 | 2.10 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | 191.49 |
| P/OCF | 8.23 | 8.08 | 8.84 | 13.04 | 22.89 | 13.95 | 17.06 | 18.39 | 11.12 | 9.96 | 9.83 |
P/E links to full P/E history page with 30-year chart
ARTNA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Artesian Resources Corporation's enterprise value stands at 10.4x EBITDA, 33% below its 5-year average of 15.6x. The Utilities sector median is 11.9x, placing the stock at a 13% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.50 | 4.66 | 6.01 | 7.61 | 6.70 | 5.88 | 5.98 | 5.69 | 5.74 | 5.10 |
| EV / EBITDA | 10.42 | 10.29 | 12.66 | 16.60 | 20.60 | 17.81 | 15.51 | 16.28 | 15.64 | 16.19 | 14.39 |
| EV / EBIT | 14.45 | 14.28 | 13.80 | 20.63 | 25.26 | 21.71 | 18.54 | 18.44 | 19.10 | 17.55 | 14.85 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | 263.84 |
ARTNA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Artesian Resources Corporation earns an operating margin of 31.5%, above the Utilities sector average of 18.5%. Operating margins have expanded from 22.7% to 31.5% over the past 3 years, signaling improving operational efficiency. ROE of 9.3% is modest. ROIC of 6.3% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.2% | 37.2% | 49.5% | 48.8% | 48.8% | 50.1% | 50.5% | 49.2% | 48.8% | 50.1% | 51.6% |
| Operating Margin | 31.5% | 31.5% | 24.2% | 22.7% | 24.2% | 24.5% | 25.3% | 23.8% | 23.6% | 23.8% | 23.8% |
| Net Profit Margin | 20.2% | 20.2% | 18.9% | 16.9% | 18.2% | 18.5% | 19.1% | 17.9% | 17.8% | 17.0% | 16.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.3% | 9.3% | 8.7% | 8.0% | 9.8% | 9.7% | 10.2% | 9.5% | 9.5% | 9.8% | 9.5% |
| ROA | 2.8% | 2.8% | 2.6% | 2.2% | 2.7% | 2.8% | 2.9% | 2.7% | 2.8% | 3.0% | 2.9% |
| ROIC | 6.3% | 6.3% | 4.7% | 4.2% | 4.9% | 4.8% | 5.1% | 5.0% | 5.2% | 5.7% | 5.7% |
| ROCE | 4.5% | 4.5% | 3.4% | 3.2% | 3.8% | 4.0% | 4.1% | 3.9% | 4.0% | 4.4% | 4.5% |
ARTNA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Artesian Resources Corporation carries a Debt/EBITDA ratio of 3.7x, which is moderately leveraged (29% below the sector average of 5.2x). Net debt stands at $183M ($183M total debt minus $52000 cash). Interest coverage of 4.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.73 | 0.73 | 0.75 | 0.79 | 1.06 | 0.97 | 1.01 | 0.96 | 0.87 | 0.79 | 0.80 |
| Debt / EBITDA | 3.70 | 3.70 | 4.50 | 5.06 | 5.43 | 5.03 | 5.12 | 5.01 | 4.57 | 4.00 | 3.96 |
| Net Debt / Equity | — | 0.73 | 0.74 | 0.78 | 1.05 | 0.97 | 1.01 | 0.96 | 0.87 | 0.79 | 0.80 |
| Net Debt / EBITDA | 3.69 | 3.69 | 4.47 | 4.99 | 5.39 | 5.03 | 5.12 | 4.99 | 4.56 | 3.96 | 3.95 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | 72.35 |
| Interest Coverage | 4.10 | 4.10 | 4.16 | 3.14 | 3.50 | 3.69 | 3.67 | 3.86 | 3.83 | 4.35 | 4.09 |
ARTNA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.64x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.37x to 0.64x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.64 | 0.64 | 0.96 | 1.37 | 0.63 | 0.40 | 0.40 | 0.55 | 0.43 | 0.67 | 0.76 |
| Quick Ratio | 0.64 | 0.64 | 0.79 | 1.10 | 0.52 | 0.35 | 0.37 | 0.51 | 0.39 | 0.61 | 0.68 |
| Cash Ratio | 0.00 | 0.00 | 0.04 | 0.11 | 0.03 | 0.00 | 0.00 | 0.02 | 0.01 | 0.03 | 0.01 |
| Asset Turnover | — | 0.13 | 0.14 | 0.13 | 0.14 | 0.15 | 0.15 | 0.15 | 0.15 | 0.17 | 0.18 |
| Inventory Turnover | — | — | 12.75 | 8.46 | 10.77 | 23.46 | 28.41 | 33.63 | 28.24 | 27.03 | 24.46 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ARTNA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Artesian Resources Corporation returns 3.8% to shareholders annually primarily through dividends. A payout ratio of 55.5% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 6.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.8% | 3.9% | 3.7% | 2.7% | 1.9% | 2.3% | 2.7% | 2.6% | 2.7% | 2.4% | 2.8% |
| Payout Ratio | 55.5% | 55.5% | 59.7% | 67.3% | 57.3% | 58.4% | 55.8% | 61.1% | 61.8% | 60.8% | 63.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.8% | 7.0% | 6.3% | 4.0% | 3.2% | 3.9% | 4.8% | 4.3% | 4.4% | 3.9% | 4.4% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | 0.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.8% | 3.9% | 3.7% | 2.7% | 1.9% | 2.3% | 2.7% | 2.6% | 2.7% | 2.4% | 2.8% |
| Shares Outstanding | — | $10M | $10M | $10M | $9M | $9M | $9M | $9M | $9M | $9M | $9M |
Peer Comparison
Compare ARTNA with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ARTNAYou | $332M | 14.6 | 10.4 | — | 37.2% | 31.5% | 9.3% | 6.3% | 3.7 |
 MSEX | $967M | 22.1 | 15.9 | — | 39.2% | 27.9% | 9.1% | 4.7% | 4.8 |
 YORW | $426M | 21.2 | 15.7 | — | 54.8% | 35.8% | 8.5% | 4.6% | 5.5 |
 GWRS | $204M | 64.5 | 15.0 | — | 44.9% | 12.8% | 4.4% | 2.8% | 6.1 |
 AWR | $3B | 22.9 | 15.7 | — | 50.8% | 30.9% | 13.3% | 8.0% | 3.7 |
 AWK | $24B | 21.9 | 14.5 | — | 43.3% | 36.6% | 10.5% | 5.5% | 5.7 |
 CWT | $3B | 21.0 | 13.1 | — | 36.7% | 18.2% | 7.7% | 4.4% | 5.0 |
 WTRG | $10B | 16.7 | 14.0 | — | 41.0% | 37.2% | 9.4% | 4.8% | 6.2 |
 XYL | $26B | 28.4 | 15.0 | 29.1 | 38.5% | 13.5% | 8.5% | 7.6% | 1.1 |
 FELE | $5B | 32.1 | 14.4 | 23.8 | 35.5% | 12.7% | 11.3% | 14.7% | 0.8 |
 NGL | $2B | -4.6 | 8.3 | 13.8 | 23.7% | 12.2% | -52.1% | 8.1% | 5.2 |
| Utilities Median | — | 19.0 | 11.9 | 18.6 | 38.4% | 18.5% | 9.3% | 4.9% | 5.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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ARTNA — Frequently Asked Questions
Quick answers to the most common questions about buying ARTNA stock.
What is Artesian Resources Corporation's P/E ratio?
Artesian Resources Corporation's current P/E ratio is 14.6x. The historical average is 21.5x. This places it at the 3th percentile of its historical range.
What is Artesian Resources Corporation's EV/EBITDA?
Artesian Resources Corporation's current EV/EBITDA is 10.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.8x.
What is Artesian Resources Corporation's ROE?
Artesian Resources Corporation's return on equity (ROE) is 9.3%. The historical average is 8.7%.
Is ARTNA stock overvalued?
Based on historical data, Artesian Resources Corporation is trading at a P/E of 14.6x. This is at the 3th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Artesian Resources Corporation's dividend yield?
Artesian Resources Corporation's current dividend yield is 3.81% with a payout ratio of 55.5%.
What are Artesian Resources Corporation's profit margins?
Artesian Resources Corporation has 37.2% gross margin and 31.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Artesian Resources Corporation have?
Artesian Resources Corporation's Debt/EBITDA ratio is 3.7x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.