The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Middlesex Water Co's share price is $59.42.
Middlesex Water Co's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2024 was $10.22. Hence, Middlesex Water Co's PS Ratio for today is 5.81.
The historical rank and industry rank for Middlesex Water Co's PS Ratio or its related term are showing as below:
MSEX'
s PS Ratio Range Over the Past 10 Years
Min: 2.98 Med: 6.64 Max: 14.8
Current: 5.83
During the past 13 years, Middlesex Water Co's highest PS Ratio was 14.80. The lowest was 2.98. And the median was 6.64.
MSEX's PS Ratio is ranked worse than 91.83% of 502
companies
in the Utilities - Regulated industry
Industry Median: 1.37
vs MSEX: 5.83
Middlesex Water Co has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Middlesex Water Co was 9.30% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 5.00% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 2.80% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 2.30% per year.
During the past 13 years, Middlesex Water Co's highest 3-Year average Revenue per Share Growth Rate was 6.60% per year. The lowest was -1.30% per year. And the median was 2.75% per year.
Back to Basics: PS Ratio
Middlesex Water Co PS Ratio Historical Data
The historical data trend for Middlesex Water Co's PS 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.
Competitive Comparison of Middlesex Water Co's PS Ratio
For the Utilities - Regulated Water subindustry, Middlesex Water Co's PS Ratio, along with its competitors' market caps and PS 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.
Middlesex Water Co's PS Ratio Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Middlesex Water Co's PS Ratio distribution charts can be found below:
* The bar in red indicates where Middlesex Water Co's PS Ratio falls into.
Middlesex Water Co PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Middlesex Water Co's Share Price of today is $59.42. Middlesex Water Co's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $10.22.
* 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.
It can also be calculated from the numbers for the whole company:
Middlesex Water Co (NAS:MSEX) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Middlesex Water Co PS Ratio Related Terms
Thank you for viewing the detailed overview of Middlesex Water Co's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The firm primarily operates in the eastern states of New Jersey, Delaware, and Pennsylvania. 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.
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