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 currently exhibits a P/E ratio of 23, alongside a price-to-book value of 2.23. Its EV to EBIT stands at 25.42, while the EV to EBITDA is recorded at 16.44. The company’s return on capital employed (ROCE) is 6.52%, and the return on equity (ROE) is 9.57%.
In comparison to its peers, Middlesex Water Co. shows a higher P/E ratio than Essential Utilities, Inc. and SJW Group, both of which are rated fairly. American States Water Co. and California Water Service Group also present competitive metrics, with the latter categorized as expensive. Select Water Solutions, Inc. stands out with a notably higher P/E ratio, indicating a different market positioning.

Over the past year, Middlesex Water Co. has faced challenges, with a stock return of -21.64%, contrasting sharply with the S&P 500's return of 16.64% during the same period. This performance highlights the competitive landscape within the utilities sector, where Middlesex Water Co. is navigating a complex market environment.