Middlesex Water Co (MSEX)

NASD · Utilities · Utilities - Regulated Water · USA

Middlesex Water Co is a small cap company (market value between $300 million and $2 billion) in the Utilities - Regulated Water industry.

Middlesex Water Company provides water and wastewater services through regulated utility operations in New Jersey and Delaware, along with contract-based operations for municipal and private entities. The company treats, distributes water, and manages wastewater collection and treatment for residential, commercial, and industrial customers across multiple subsidiary systems.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Middlesex Water Co stock.

Our verdict on MSEX

Overvalued: intrinsic value $36.28 per share, market price $56.79, margin of safety -56.5% (as of 2026-10-30).

Discounting its cash flows at 8.2% (average of 3 methods) values the shares at $36.28; the price of $56.79 is 57% above that value, and 78% of that value comes from beyond year five.

Leak Score: 46/100 on 9 of 12 signals (On Watch).

ETFs with the most weight in MSEX

17 more funds hold it; the full list is part of the paid plan.

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Peers in Utilities - Regulated Water

All 12 Utilities - Regulated Water stocks

Cheaper than MSEX in Utilities - Regulated Water

1 more in this industry show a wider margin of safety.

Is MSEX undervalued or overvalued?

MSEX is overvalued (as of the 2026-10-30 close). Discounting its cash flows at 8.2% (average of 3 methods) values the shares at $36.28; the price of $56.79 is 57% above that value, and 78% of that value comes from beyond year five.

What is the intrinsic value of MSEX?

$36.28 per share (as of the 2026-10-30 close), against a market price of $56.79. That is a margin of safety of -56.5%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is Middlesex Water Co's Leak Score?

46 out of 100, which we rate "On Watch", on 9 of 12 value investing signals.