Middlesex Water CoMSEX -0.07%72 ROE % is 8.50% as of Mar. 2026, which is 18% below its 10-year median of 10.38. 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. Among 503 Utilities - Regulated companies, Middlesex Water Co ranks better than 52.88% on this metric.
The historical rank and industry rank for Middlesex Water Co's ROE % or its related term are showing as below:
MSEX'
s ROE % Range Over the Past 10 Years
Min: 7.62 Med: 10.38 Max: 13.44
Current: 9.19
During the past 13 years, Middlesex Water Co's highest ROE % was 13.44%. The lowest was 7.62%. And the median was 10.38%.
MSEX's ROE % is ranked better than 52.88% of 503
companies
in the Utilities - Regulated industry
Industry Median: 8.62
vs MSEX: 9.19
Middlesex Water Co (NAS:MSEX) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Middlesex Water Co ROE % Related Terms
Middlesex Water Co ROE % Historical Data
* Premium members only.
The historical data trend for Middlesex Water Co's ROE % 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.
For the Utilities - Regulated Water subindustry, Middlesex Water Co's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Middlesex Water Co's ROE % distribution charts can be found below:
* The bar in red indicates where Middlesex Water Co's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Middlesex Water Co (MSEX) has a ROE % of 8.50% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Middlesex Water Co and its competitors. This is 18% below median its historical median of 10.38. Over the past decade, Middlesex Water Co's ROE % has ranged from 7.62 to 13.44. According to the industry distribution chart, Middlesex Water Co ranks #237 out of 503 companies in the Utilities - Regulated industry, placing it in the top 47.1%.
Is Middlesex Water Co's ROE % too high?
Middlesex Water Co's current ROE % of 8.50% is 18% below median its 10-year median of 10.38. Over the past 10 years, this metric has ranged from a low of 7.62 to a high of 13.44. The Utilities - Regulated industry median ROE % is 8.62. Middlesex Water Co's value of 8.50% is 1.4% below this industry median. Based on the distribution chart, Middlesex Water Co ranks #237 out of 503 companies in the Utilities - Regulated industry, which is above the industry midpoint. 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 ROE % compare to YORW and CWCO?
According to the Utilities - Regulated industry distribution chart, Middlesex Water Co ranks #237 out of 503 companies for ROE %. This puts Middlesex Water Co in the upper half of its industry. The industry median ROE % is 8.62. Middlesex Water Co's value of 8.50% is 1.4% below this benchmark. Historically, Middlesex Water Co's own ROE % has ranged from 7.62 to 13.44 over the past decade. While the company's 10-year median is 10.38 vs. the industry median of 8.62, Middlesex Water Co has consistently been below 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 ROE % for an Utilities - Regulated company?
The median ROE % among Utilities - Regulated companies is 8.62, based on 503 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Middlesex Water Co's current ROE % of 8.50% is 1.4% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Middlesex Water Co and its competitors. For the Utilities - Regulated industry, the median ROE % is 8.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Middlesex Water Co's current ROE % is 8.50%, which is 18% below median its own 10-year median of 10.38. 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 $54.00 — trading 13.5% below its estimated fair value. The current ROE % is 8.50%, which is 18% below median its 10-year median of 10.38 and 1.4% below the Utilities - Regulated industry median of 8.62. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Middlesex Water Co (MSEX), the current ROE % is 8.50% 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 $54.00 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:
ROE %: 8.50% (18% below median its 10-year median of 10.38)
GF Value™: $62.46 vs. price of $54.00 (13.5% below fair value)
Industry Position: 1.4% below the Utilities - Regulated median (#237 of 503)
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.
72GF Score
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