Middlesex Water Co. Experiences Revision in Its Stock Evaluation Amid Market Challenges

Middlesex Water Co., a small-cap player in the Other Utilities sector, has recently undergone a valuation adjustment. The company's current price stands at $60.36, with a 52-week range between $48.18 and $70.73. Key financial metrics reveal a P/E ratio of 23, a price-to-book value of 2.23, and an EV to EBITDA ratio of 16.44. The company's return on capital employed (ROCE) is reported at 6.52%, while the return on equity (ROE) is at 9.57%.
In comparison to its peers, Middlesex Water Co. exhibits a higher P/E ratio than several competitors, such as Essential Utilities, Inc. and SJW Group, which are positioned with lower valuations. However, it is noteworthy that Select Water Solutions, Inc. has a higher valuation score, indicating a competitive landscape within the sector.

Over the past year, Middlesex Water Co. has experienced a stock return of -4.85%, contrasting with a 16.90% return from the S&P 500. This performance highlights the challenges faced by the company relative to broader market trends, particularly over longer time frames, where it has underperformed compared to the S&P 500.