MSEX (Middlesex Water Co) ROCE %: 4.76% (As of Mar. 2026)


MSEX Middlesex Water Co MSEX
72 GF Score
Price $54.04
GF Value $62.46
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Middlesex Water Co ROCE %?

Middlesex Water Co MSEX +2.21% 72 ROCE % is 4.76% as of Mar. 2026. GuruFocus rates MSEX with a GF Score™ of 72/100 and a GF Value™ of $62.46 (Modestly Undervalued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Middlesex Water Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 4.76%.

Middlesex Water Co  (NAS:MSEX) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Middlesex Water Co ROCE % Related Terms

Middlesex Water Co ROCE % Historical Data

* Premium members only.

The historical data trend for Middlesex Water Co's ROCE % 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 ROCE % Chart

Middlesex Water Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.16 5.73 4.38 5.67 5.07

Middlesex Water Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 4.55 5.33 6.48 4.23 4.76
MSEX
72GF Score
Middlesex Water Co MSEX
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Middlesex Water Co ROCE % Calculation

Middlesex Water Co's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=61.938/( ( (1255.174 - 82.888) + (1365.737 - 93.795) )/ 2 )
=61.938/( (1172.286+1271.942)/ 2 )
=61.938/1222.114
=5.07 %

Middlesex Water Co's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=60.416/( ( (1365.737 - 93.795) + (1386.038 - 119.655) )/ 2 )
=60.416/( ( 1271.942 + 1266.383 )/ 2 )
=60.416/1269.1625
=4.76 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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 ROCE % →
What does a ROCE % of 4.76% mean?
Middlesex Water Co (MSEX) has a ROCE % of 4.76% as of Mar. 2026.
Is Middlesex Water Co's ROCE % too high?
Middlesex Water Co's current ROCE % is 4.76%. The Utilities - Regulated industry median ROCE % is 6.95. Middlesex Water Co's value of 4.76% is 31.5% below this industry median. Overall, Middlesex Water Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Middlesex Water Co's ROCE % compare to YORW and CWCO?
Middlesex Water Co's ROCE % of 4.76% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.95. Middlesex Water Co's value of 4.76% is 31.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Utilities - Regulated company?
The median ROCE % among Utilities - Regulated companies is 6.95, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Middlesex Water Co's current ROCE % of 4.76% is 31.5% below 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median ROCE % is 6.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Middlesex Water Co's current ROCE % is 4.76%. 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 Modestly Undervalued. The stock's GF Value™ is $62.46, compared to a current price of $54.04 — trading 13.5% below its estimated fair value. The current ROCE % is 4.76% and 31.5% below the Utilities - Regulated industry median of 6.95. Middlesex Water Co's overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Middlesex Water Co (MSEX), the current ROCE % is 4.76% as of Mar. 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 $54.04 is trading 13.5% below its estimated GF Value™ of $62.46. GuruFocus considers Middlesex Water Co to be Modestly Undervalued.

Key valuation signals for MSEX:

  • ROCE %: 4.76%
  • GF Value™: $62.46 vs. price of $54.04 (13.5% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 31.5% below the Utilities - Regulated median

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.
72GF Score

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

$54.04
Price
$62.46
GF Value