MSEX (Middlesex Water Co) EV-to-EBIT: 22.57 (As of Aug. 16, 2026) — 22% Below Median

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MSEX Middlesex Water Co MSEX
86 GF Score
Price $58.73
GF Value $60.39
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Middlesex Water Co EV-to-EBIT?

Middlesex Water Co MSEX -0.20% 86 EV-to-EBIT is 22.57 as of Aug. 16, 2026, which is 22% below its 10-year median of 28.79. GuruFocus rates MSEX with a GF Score™ of 86/100 and a GF Value™ of $60.39 (Fairly Valued). The stock has 4 warning signs investors should review. Among 461 Utilities - Regulated companies, Middlesex Water Co ranks worse than 82.21% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Middlesex Water Co's Enterprise Value is $1,545.0 Mil. Middlesex Water Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $68.5 Mil. Therefore, Middlesex Water Co's EV-to-EBIT for today is 22.57.

The historical rank and industry rank for Middlesex Water Co's EV-to-EBIT or its related term are showing as below:

MSEX' s EV-to-EBIT Range Over the Past 10 Years
Min: 16.55   Med: 28.79   Max: 62.55
Current: 22.57

During the past 13 years, the highest EV-to-EBIT of Middlesex Water Co was 62.55. The lowest was 16.55. And the median was 28.79.

MSEX's EV-to-EBIT is ranked worse than
82.21% of 461 companies
in the Utilities - Regulated industry
Industry Median: 13.5 vs MSEX: 22.57

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Middlesex Water Co's Enterprise Value for the quarter that ended in Jun. 2026 was $1,496.5 Mil. Middlesex Water Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $68.5 Mil. Middlesex Water Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 4.57%.


Middlesex Water Co  (NAS:MSEX) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Middlesex Water Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=68.455/1496.50988
=4.57 %

Middlesex Water Co's Enterprise Value for the quarter that ended in Jun. 2026 was $1,496.5 Mil.
Middlesex Water Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $68.5 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Middlesex Water Co EV-to-EBIT Related Terms


Middlesex Water Co EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Middlesex Water Co's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Middlesex Water Co EV-to-EBIT Chart

Middlesex Water Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.22 31.85 34.59 20.29 21.78

Middlesex Water Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.71 22.90 21.78 21.89 21.86

MSEX vs YORW, CWCO, ARTNA: EV-to-EBIT Comparison

For the Utilities - Regulated Water subindustry, Middlesex Water Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Middlesex Water Co EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Middlesex Water Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Middlesex Water Co's EV-to-EBIT falls into.


MSEX
86GF Score
Middlesex Water Co MSEX
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Middlesex Water Co EV-to-EBIT Calculation

Middlesex Water Co's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1544.992/68.455
=22.57

Middlesex Water Co's current Enterprise Value is $1,545.0 Mil.
Middlesex Water Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $68.5 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 22.57 mean?
Middlesex Water Co (MSEX) has a EV-to-EBIT of 22.57 as of Aug. 16, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Middlesex Water Co and its competitors. This is 22% below median its historical median of 28.79. Over the past decade, Middlesex Water Co's EV-to-EBIT has ranged from 16.55 to 62.55. According to the industry distribution chart, Middlesex Water Co ranks #379 out of 461 companies in the Utilities - Regulated industry, placing it in the top 82.2%.
Is Middlesex Water Co's EV-to-EBIT too high?
Middlesex Water Co's current EV-to-EBIT of 22.57 is 22% below median its 10-year median of 28.79. Over the past 10 years, this metric has ranged from a low of 16.55 to a high of 62.55. The Utilities - Regulated industry median EV-to-EBIT is 13.50. Middlesex Water Co's value of 22.57 is 67.2% above this industry median. Based on the distribution chart, Middlesex Water Co ranks #379 out of 461 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Middlesex Water Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Middlesex Water Co's EV-to-EBIT compare to YORW and CWCO?
According to the Utilities - Regulated industry distribution chart, Middlesex Water Co ranks #379 out of 461 companies for EV-to-EBIT. This places Middlesex Water Co in the lower half of its industry. The industry median EV-to-EBIT is 13.50. Middlesex Water Co's value of 22.57 is 67.2% above this benchmark. Historically, Middlesex Water Co's own EV-to-EBIT has ranged from 16.55 to 62.55 over the past decade. While the company's 10-year median is 28.79 vs. the industry median of 13.50, Middlesex Water Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for an Utilities - Regulated company?
The median EV-to-EBIT among Utilities - Regulated companies is 13.50, based on 461 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Middlesex Water Co's current EV-to-EBIT of 22.57 is 67.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Middlesex Water Co and its competitors. For the Utilities - Regulated industry, the median EV-to-EBIT is 13.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Middlesex Water Co's current EV-to-EBIT is 22.57, which is 22% below median its own 10-year median of 28.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Middlesex Water Co stock overvalued right now?
Based on GuruFocus' analysis, Middlesex Water Co (MSEX) is currently considered Fairly Valued. The stock's GF Value™ is $60.39, compared to a current price of $58.73 — trading 2.7% below its estimated fair value. The current EV-to-EBIT is 22.57, which is 22% below median its 10-year median of 28.79 and 67.2% above the Utilities - Regulated industry median of 13.50. Middlesex Water Co's overall GF Score™ is 86/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Middlesex Water Co (MSEX), the current EV-to-EBIT is 22.57 as of Aug. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Middlesex Water Co (MSEX) Overvalued in 2026?

Based on GuruFocus' analysis, Middlesex Water Co stock appears to be undervalued. The current stock price of $58.73 is trading 2.7% below its estimated GF Value™ of $60.39. GuruFocus considers Middlesex Water Co to be Fairly Valued.

Key valuation signals for MSEX:

  • EV-to-EBIT: 22.57 (22% below median its 10-year median of 28.79)
  • GF Value™: $60.39 vs. price of $58.73 (2.7% below fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 67.2% above the Utilities - Regulated median (#379 of 461)

No single metric tells the full story. See the MSEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Middlesex Water Co Business Description

Address 485C Route 1 South, Suite 400, Iselin, NJ, USA, 08830
Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.
86GF Score

Get the complete analysis for MSEX

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$58.73
Price
$60.39
GF Value