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Middlesex Water CoMSEX -1.41%86 EV-to-EBITDA is 15.20 as of Aug. 17, 2026, which is 23% below its 10-year median of 19.74. GuruFocus rates MSEX with a GF Score™ of 86/100 and a GF Value™ of $60.41 (Fairly Valued). The stock has 4 warning signs investors should review. Among 466 Utilities - Regulated companies, Middlesex Water Co ranks worse than 81.33% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Middlesex Water Co's enterprise value is $1,529.3 Mil.
Middlesex Water Co's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $100.6 Mil. Therefore, Middlesex Water Co's EV-to-EBITDA for today is 15.20.
The historical rank and industry rank for Middlesex Water Co's EV-to-EBITDA or its related term are showing as below:
MSEX'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 12.6 Med: 19.74 Max: 36.5
Current: 15.2
During the past 13 years, the highest EV-to-EBITDA of Middlesex Water Co was 36.50. The lowest was 12.60. And the median was 19.74.
MSEX's EV-to-EBITDA is ranked worse than 81.33% of 466
companies
in the Utilities - Regulated industry
Industry Median: 9.87
vs MSEX: 15.20
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
Middlesex Water Co (NAS:MSEX) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Middlesex Water Co's PE Ratio (TTM) for today is calculated as:
Middlesex Water Co's share price for today is $57.90.
Middlesex Water Co's Earnings per Share (Diluted) 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 $2.590.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Middlesex Water Co's EV-to-EBITDA 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.
MSEX vs YORW, CWCO, ARTNA: EV-to-EBITDA Comparison
For the Utilities - Regulated Water subindustry, Middlesex Water Co's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Middlesex Water Co's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Middlesex Water Co's EV-to-EBITDA falls into.
Middlesex Water Co's current Enterprise Value is $1,529.3 Mil.
Middlesex Water Co's EBITDA 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 $100.6 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 (MSEX) has a EV-to-EBITDA of 15.20 as of Aug. 17, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Middlesex Water Co. This is 23% below median its historical median of 19.74. Over the past decade, Middlesex Water Co's EV-to-EBITDA has ranged from 12.60 to 36.50. According to the industry distribution chart, Middlesex Water Co ranks #379 out of 466 companies in the Utilities - Regulated industry, placing it in the top 81.3%.
Is Middlesex Water Co's EV-to-EBITDA too high?
Middlesex Water Co's current EV-to-EBITDA of 15.20 is 23% below median its 10-year median of 19.74. Over the past 10 years, this metric has ranged from a low of 12.60 to a high of 36.50. The Utilities - Regulated industry median EV-to-EBITDA is 9.87. Middlesex Water Co's value of 15.20 is 54% above this industry median. Based on the distribution chart, Middlesex Water Co ranks #379 out of 466 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-EBITDA compare to YORW and CWCO?
According to the Utilities - Regulated industry distribution chart, Middlesex Water Co ranks #379 out of 466 companies for EV-to-EBITDA. This places Middlesex Water Co in the lower half of its industry. The industry median EV-to-EBITDA is 9.87. Middlesex Water Co's value of 15.20 is 54% above this benchmark. Historically, Middlesex Water Co's own EV-to-EBITDA has ranged from 12.60 to 36.50 over the past decade. While the company's 10-year median is 19.74 vs. the industry median of 9.87, 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-EBITDA for an Utilities - Regulated company?
The median EV-to-EBITDA among Utilities - Regulated companies is 9.87, based on 466 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Middlesex Water Co's current EV-to-EBITDA of 15.20 is 54% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Middlesex Water Co. For the Utilities - Regulated industry, the median EV-to-EBITDA is 9.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Middlesex Water Co's current EV-to-EBITDA is 15.20, which is 23% below median its own 10-year median of 19.74. 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 $60.41, compared to a current price of $57.90 — trading 4.2% below its estimated fair value. The current EV-to-EBITDA is 15.20, which is 23% below median its 10-year median of 19.74 and 54% above the Utilities - Regulated industry median of 9.87. 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Middlesex Water Co (MSEX), the current EV-to-EBITDA is 15.20 as of Aug. 17, 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 $57.90 is trading 4.2% below its estimated GF Value™ of $60.41.
GuruFocus considers Middlesex Water Co to be Fairly Valued.
Key valuation signals for MSEX:
EV-to-EBITDA: 15.20 (23% below median its 10-year median of 19.74)
GF Value™: $60.41 vs. price of $57.90 (4.2% below fair value)
Industry Position: 54% above the Utilities - Regulated median (#379 of 466)
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 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
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