Middlesex Water Company (MSEX) P/E Ratio History
Historical price-to-earnings valuation from 1994 to 2026
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MSEX Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
The current P/E is 38% below its 5-year average of 35.1x. Over the past five years, MSEX's P/E has ranged from a low of 21.4x to a high of 58.1x, placing the current valuation at the 5th percentile of its historical range.
Compared to the Utilities sector median P/E of 19.5x, MSEX is roughly in line with its sector peers. The sector includes 108 companies with P/E ratios ranging from 0.1x to 174.1x.
The PEG ratio of 13.62 (P/E divided by -4% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, MSEX trades roughly in line with the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MSEX DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
MSEX P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3B | 22.8 | 2.98 | +6% | |
| $421M | 21.0 | 11.52 | -2% | |
| $326M | 14.3Lowest | 3.33 | +12% | |
| $206M | 65.1 | 3.71 | -54% | |
| $25B | 22.1 | 2.81 | +6% | |
| $3B | 20.3 | 11.51 | -34% | |
| $11B | 17.1 | 1.19Best | +1% | |
| $27B | 29.5 | 1.29 | +7% | |
| $7B | 23.3 | - | +18%Best | |
| $4B | 30.8 | 3.53 | -16% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
MSEX Historical P/E Data (1994–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $52.05 | $1.83 | 28.4x | +17% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $50.42 | $2.36 | 21.4x | -12% |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $65.24 | $2.30 | 28.4x | +16% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $52.26 | $2.06 | 25.4x | +4% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $52.50 | $2.02 | 26.0x | +6% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $65.62 | $1.76 | 37.3x | +53% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $66.25 | $1.84 | 36.0x | +47% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $80.66 | $2.09 | 38.6x | +58% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $78.12 | $2.04 | 38.3x | +57% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $78.67 | $2.40 | 32.8x | +34% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $77.20 | $2.41 | 32.0x | +31% |
| FY2022 Q2 | $87.68 | $2.25 | 39.0x | +60% |
Average P/E for displayed period: 24.4x
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Start ComparisonMSEX — Frequently Asked Questions
Quick answers to the most common questions about buying MSEX stock.
Is MSEX stock overvalued or undervalued?
MSEX trades at 21.8x P/E, below its 5-year average of 35.1x. At the 5th percentile of historical range, the stock is priced at a discount to its own history.
How does MSEX's valuation compare to peers?
Middlesex Water Company P/E of 21.8x compares to sector median of 19.5x. The premium reflects expected growth above peers.
What is MSEX's PEG ratio?
MSEX PEG ratio is 13.62. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1994-2026.