# Artesian Resources Corporation (ARTNA) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Utilities / Water Utilities. Price $36.19, market value $374 million.

## Valuation
- **P/E (trailing): 15.9×** (5-yr avg 20.4×, 3-yr avg 17.3×). Artesian Resources Corporation trades at 15.9× trailing earnings, well below its own five-year average of 20.4×: cheap by its own standards. The Utilities median in the September 2026 study was 21.2×. Forward P/E is 17.3×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 1.49**. A PEG of 1.49 is in the range usually read as fairly priced for its growth.
- **Price / sales: 3.2×**. Each dollar of revenue is priced at 3.2×.
- **Price / book: 1.5×**. The shares trade at 1.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 12.7×**. Enterprise value is 12.7× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -4.9%** (5-yr avg -4.8%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 6.3%**. The inverse of the P/E: 6.3% of the price is earned each year.

## Profitability
- **Operating margin: 25.0%**. 25.0% of revenue is left after running the business, an exceptional level.
- **Net margin: 20.2%**. 20.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 9.1%**. 9.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 5.4%**. Return on all capital, debt included, is 5.4%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 2.8%**. Each dollar of assets produces 2.8% of profit.

## Growth
- **Revenue growth (1 yr): 4.6%** (3-yr 4.5%/yr, 5-yr 5.1%/yr). Revenue grew 4.6% over the last year, against 5.1% a year compounded over five years.
- **EPS growth (1 yr): 11.6%** (3-yr 5.2%/yr, 5-yr 4.3%/yr). Earnings per share rose 11.6%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.71**. Debt is 0.71 times equity, moderate leverage.
- **Net debt / EBITDA: 4.1×**. It would take 4.1 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.50%** ($1.25 per share, trailing). Artesian Resources Corporation yields 3.50%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 56%**. 56% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 4.1%/yr** (1-yr 3.9%). The dividend has grown 4.1% a year over five years.

## Price and momentum
- **Total return (1 yr): 13.2%** (YTD 16.7%, 3-mo 9.8%). The shares are up 13.2% over twelve months including dividends.
- **From 52-week high: -0.8%** (18.7% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 65**. An RSI of 65 is neutral.
- **Beta (1 yr): -0.05** (volatility 20%). Beta of -0.05 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ARTNA · Page: https://foliofundamentals.com/stocks/artna

Not investment advice.