Artesian Resources (OTCPK:ARTNB) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Artesian Resources Forward PE Ratio Related Terms
Artesian Resources Forward PE Ratio Historical Data
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The historical data trend for Artesian Resources's Forward PE Ratio 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.
Artesian Resources Forward PE Ratio Chart
Artesian Resources Annual Data
Trend
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
23.09
26.25
20.00
15.53
16.76
Artesian Resources Quarterly Data
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
23.09
24.45
22.73
22.83
26.25
23.31
31.45
21.88
20.00
17.70
17.57
17.70
15.53
15.81
15.74
15.28
16.76
16.76
ARTNB vs CDZI, PCYO, CWCO: Forward PE Ratio Comparison
For the Utilities - Regulated Water subindustry, Artesian Resources's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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.
Artesian Resources Forward PE Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Artesian Resources's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Artesian Resources's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Artesian Resources (ARTNB) has a Forward PE Ratio of 16.76 as of Jul. 04, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Artesian Resources and its competitors. According to the industry distribution chart, Artesian Resources ranks #184 out of 277 companies in the Utilities - Regulated industry, placing it in the top 66.4%.
Is Artesian Resources' Forward PE Ratio too high?
Artesian Resources' current Forward PE Ratio is 16.76. The Utilities - Regulated industry median Forward PE Ratio is 14.51. Artesian Resources' value of 16.76 is 15.5% above this industry median. Based on the distribution chart, Artesian Resources ranks #184 out of 277 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Artesian Resources has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Artesian Resources' Forward PE Ratio compare to CDZI and PCYO?
According to the Utilities - Regulated industry distribution chart, Artesian Resources ranks #184 out of 277 companies for Forward PE Ratio. This places Artesian Resources in the lower half of its industry. The industry median Forward PE Ratio is 14.51. Artesian Resources' value of 16.76 is 15.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Utilities - Regulated company?
The median Forward PE Ratio among Utilities - Regulated companies is 14.51, based on 277 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Artesian Resources's current Forward PE Ratio of 16.76 is 15.5% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Artesian Resources and its competitors. For the Utilities - Regulated industry, the median Forward PE Ratio is 14.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artesian Resources's current Forward PE Ratio is 16.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artesian Resources stock overvalued right now?
Artesian Resources (ARTNB) has a current Forward PE Ratio of 16.76. The stock's GF Value™ is $36.40, compared to a current price of $33.51 — trading 7.9% below its estimated fair value. The current Forward PE Ratio is 16.76 and 15.5% above the Utilities - Regulated industry median of 14.51. Artesian Resources' overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Artesian Resources (ARTNB), the current Forward PE Ratio is 16.76 as of Jul. 04, 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 Artesian Resources (ARTNB) Overvalued in 2026?
Based on GuruFocus' analysis, Artesian Resources stock appears to be undervalued.
The current stock price of $33.51 is trading 7.9% below its estimated GF Value™ of $36.40.
Key valuation signals for ARTNB:
Forward PE Ratio: 16.76
GF Value™: $36.40 vs. price of $33.51 (7.9% below fair value)
Industry Position: 15.5% above the Utilities - Regulated median (#184 of 277)
No single metric tells the full story. See the ARTNB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Artesian Resources Corp operates as a holding company based in the United States. Through its subsidiaries, it offers water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The Group distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal, and utility customers. Additionally, it is involved in contract water and wastewater operations; offers wastewater services, and water, sewer, and internal Service Line Protection Plans. The Group operates its businesses mainly through one reportable segment, the Regulated Utility segment.
75GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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