Middlesex Water Company (MSEX) Financial Ratios: P/E, ROE & More

Middlesex Water Company (MSEX) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Middlesex Water Company had a P/E ratio of 21.63 (up from 21.24), return on equity of 9.1% (down from 10.2%), debt-to-equity of 0.84 (down from 0.86) and a current ratio of 0.45 (down from 0.52). A current ratio of 0.45 means current liabilities exceed current assets. Its dividend yield was 2.79% with a payout ratio of 58.4%.

Middlesex Water Company Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	21.63	21.24	37.21	32.80	57.79	33.05
Forward P/E	19.34	21.09	27.92	30.67	49.30	33.47
P/S Ratio	4.75	4.90	7.03	8.54	14.71	8.94
P/B Ratio	1.87	2.10	2.75	3.45	5.69	3.63
Price/Tangible Book	1.87	2.11	2.76	3.47	5.72	3.66
Price/OCF	14.77	16.00	22.14	22.61	63.73	23.73
PEG Ratio	2.38	1.51	3.66	3.66	3.66	4.30
Enterprise Value Ratios
EV/Revenue	6.87	6.86	9.47	10.72	16.98	10.93
EV/EBITDA	14.62	15.25	22.11	23.48	39.17	26.43
EV/EBIT	22.66	22.59	37.67	37.31	68.96	41.03
Profitability & Returns
Return on Equity (ROE)	9.09%	10.17%	7.62%	10.99%	10.18%	11.40%
Return on Assets (ROA)	2.82%	2.92%	2.26%	2.78%	2.21%	2.50%
Return on Capital Employed (ROCE)	4.60%	5.00%	3.70%	4.90%	3.70%	4.10%
Leverage & Solvency Ratios
Debt/Equity	0.84	0.86	0.97	0.91	0.89	0.83
Debt/EBITDA	4.52	4.43	5.71	4.90	5.26	4.85
Liquidity Ratios
Current Ratio	0.45	0.52	1.04	0.32	0.61	0.60
Quick Ratio	0.33	0.41	0.29	0.24	0.46	0.46
Efficiency Ratios
Asset Turnover	0.15	0.15	0.14	0.15	0.14	0.15
Inventory Turnover	12.80	13.49	12.64	13.71	14.07	13.41
Yield & Distribution Ratios
Earnings Yield	4.63%	4.72%	2.70%	3.06%	1.74%	3.04%
FCF Yield	-3.65%	-1.69%	-3.20%	-2.16%	-2.20%	-4.13%
Dividend Yield	2.79%	2.62%	2.06%	1.64%	1.02%	1.57%
Payout Ratio	58.38%	53.03%	71.57%	49.33%	53.34%	47.62%
Buyback Yield	-1.06%	-0.55%	-0.76%	-0.60%	-0.19%	-4.43%
Total Return	1.73%	2.06%	1.30%	1.04%	0.83%	-2.85%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Middlesex Water Company Financial Ratios

What is Middlesex Water Company's P/E ratio?

Middlesex Water Company's P/E ratio was 21.63 for fiscal 2025 (period ended Dec 31, 2025). It was 21.24 a year earlier.

What is Middlesex Water Company's return on equity?

Middlesex Water Company's return on equity (ROE) was 9.1% for fiscal 2025 (period ended Dec 31, 2025). It was 10.2% a year earlier.

What is Middlesex Water Company's debt-to-equity ratio?

Middlesex Water Company's debt-to-equity ratio was 0.84 for fiscal 2025 (period ended Dec 31, 2025). It was 0.86 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition