Basis: Current FMP quote-based enterprise value / four-quarter revenue. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/Sales ratio high or low?
The EV/Sales ratio of 7.00x is 28% below its estimated 5-year average of 9.74x, near the low end of its estimated 5-year range (6.64x–16.98x).
As of 2026-10-06T15:42:49.341Z. 1.82% below its estimated 12-month average of 7.13x.
Calculation as of: 2026-10-06T15:42:49.341Z.
Quote observation: 2026-10-06T15:40:26.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 81659b9b285be40decefacd5c6a66465143a267efbf2536996cc99110c92b00c
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-10-05.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/SALES RATIO
7.00x
EV/SALES RATIO AVG TTM
7.13x
EV/SALES RATIO AVG 3Y
7.79x
EV/SALES RATIO AVG 5Y
9.74x
EV/SALES RATIO AVG 10Y
9.19x
EV/SALES RATIO AVG 15Y
7.65x
EV/SALES RATIO AVG 20Y
6.69x
CURRENT VS TTM AVG
-1.82%
CURRENT VS 3Y AVG
-10.14%
CURRENT VS 5Y AVG
-28.12%
CURRENT VS 10Y AVG
-23.80%
CURRENT VS 15Y AVG
-8.46%
CURRENT VS 20Y AVG
+4.56%
SECTOR MEDIAN · UTILITIES
5.12x
median of 57 covered companies
CURRENT VS SECTOR MEDIAN
+36.72%
vs the sector median at left
Middlesex Water Company
Market Cap
$1.01B
EV/Sales Ratio
7.00x
TTM Avg
7.13x
3Y Avg
7.79x
5Y Avg
9.74x
Market Cap
$978.55M
EV/Sales Ratio
5.42x
TTM Avg
5.27x
3Y Avg
5.18x
5Y Avg
5.18x
Market Cap
$677.30M
EV/Sales Ratio
1.54x
TTM Avg
1.76x
3Y Avg
1.30x
5Y Avg
1.20x
Market Cap
$1.46B
EV/Sales Ratio
0.58x
TTM Avg
1.05x
3Y Avg
0.91x
5Y Avg
1.01x
Market Cap
$489.45M
EV/Sales Ratio
2.82x
TTM Avg
3.11x
3Y Avg
2.68x
5Y Avg
2.56x
Market Cap
$413.49M
EV/Sales Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$348.21M
EV/Sales Ratio
4.48x
TTM Avg
4.59x
3Y Avg
5.01x
5Y Avg
5.77x
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Middlesex Water Company (MSEX) | $1.01B | 7.00x | 7.13x | 7.79x | 9.74x |
| XPLR Infrastructure, LP (XIFR)vs › | $978.55M | 5.42x | 5.27x | 5.18x | 5.18x |
| Hallador Energy Company (HNRG)vs › | $677.30M | 1.54x | 1.76x | 1.30x | 1.20x |
| Fluence Energy, Inc. (FLNC)vs › | $1.46B | 0.58x | 1.05x | 0.91x | 1.01x |
| Consolidated Water Co. Ltd. (CWCO)vs › | $489.45M | 2.82x | 3.11x | 2.68x | 2.56x |
| Terra Innovatum Global N.V. Ordinary shares (NKLR)vs › | $413.49M | N/A | N/A | N/A | N/A |
| Digi Power X Inc. (DGXX)vs › | $359.19M | N/A | 5.38x | 2.89x | 2.90x |
| Artesian Resources Corporation (ARTNA)vs › | $348.21M | 4.48x | 4.59x | 5.01x | 5.77x |
| Terrestrial Energy Inc. (IMSR)vs › | $332.12M | N/A | N/A | N/A | N/A |
| Cadiz Inc. (CDZI)vs › | $298.09M | 34.85x | 32.14x | 64.59x | 149.75x |
Enterprise Value (EV) = Market Cap + Total Debt - Cash
Sales = Total Revenue (TTM)
EV/Sales is commonly used because:
Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.
EV/Sales = Enterprise Value / Revenue (TTM)
Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/SALES RATIO |
|---|---|
| 2026-10-05 | 6.94x |
| 2026-10-02 | 6.99x |
| 2026-10-01 | 6.89x |
| 2026-09-30 | 6.93x |
| 2026-09-29 | 6.96x |
| 2026-09-28 | 6.89x |
| 2026-09-25 | 6.98x |
| 2026-09-24 | 6.93x |
| 2026-09-23 | 7.00x |
| 2026-09-22 | 7.11x |
| 2026-09-21 | 7.14x |
| 2026-09-18 | 7.15x |
| 2026-09-17 | 7.23x |
| 2026-09-16 | 7.24x |
| 2026-09-15 | 7.21x |
| 2026-09-14 | 7.26x |
| 2026-09-11 | 7.27x |
| 2026-09-10 | 7.32x |
| 2026-09-09 | 7.37x |
| 2026-09-08 | 7.42x |
| 2026-09-04 | 7.42x |
| 2026-09-03 | 7.44x |
| 2026-09-02 | 7.38x |
| 2026-09-01 | 7.41x |
| 2026-08-31 | 7.39x |
| 2026-08-28 | 7.44x |
| 2026-08-27 | 7.38x |
| 2026-08-26 | 7.44x |
| 2026-08-25 | 7.45x |
| 2026-08-24 | 7.53x |
| 2026-08-21 | 7.42x |
| 2026-08-20 | 7.46x |
| 2026-08-19 | 7.46x |
| 2026-08-18 | 7.47x |
| 2026-08-17 | 7.39x |
| 2026-08-14 | 7.46x |
| 2026-08-13 | 7.47x |
| 2026-08-12 | 7.42x |
| 2026-08-11 | 7.42x |
| 2026-08-10 | 7.37x |
| 2026-08-07 | 7.41x |
| 2026-08-06 | 7.33x |
| 2026-08-05 | 7.33x |
| 2026-08-04 | 7.36x |
| 2026-08-03 | 7.29x |
| 2026-07-31 | 7.33x |
| 2026-07-30 | 7.31x |
| 2026-07-29 | 7.44x |
| 2026-07-28 | 7.50x |
| 2026-07-27 | 7.34x |
| 2026-07-24 | 7.34x |
| 2026-07-23 | 7.35x |
| 2026-07-22 | 7.38x |
| 2026-07-21 | 7.33x |
| 2026-07-20 | 7.40x |
| 2026-07-17 | 7.46x |
| 2026-07-16 | 7.42x |
| 2026-07-15 | 7.21x |
| 2026-07-14 | 7.27x |
| 2026-07-13 | 7.27x |
| 2026-07-10 | 7.23x |
| 2026-07-09 | 7.19x |
| 2026-07-08 | 7.22x |
| 2026-07-07 | 7.31x |
| 2026-07-06 | 7.38x |
| 2026-07-02 | 7.47x |
| 2026-07-01 | 7.38x |
| 2026-06-30 | 7.34x |
| 2026-06-29 | 7.33x |
| 2026-06-26 | 7.28x |
| 2026-06-25 | 7.19x |
| 2026-06-24 | 7.14x |
| 2026-06-23 | 7.03x |
| 2026-06-22 | 6.93x |
| 2026-06-18 | 6.96x |
| 2026-06-17 | 6.94x |
| 2026-06-16 | 7.00x |
| 2026-06-15 | 7.02x |
| 2026-06-12 | 7.04x |
| 2026-06-11 | 7.00x |
| 2026-06-10 | 7.11x |
| 2026-06-09 | 7.13x |
| 2026-06-08 | 7.01x |
| 2026-06-05 | 7.08x |
| 2026-06-04 | 6.99x |
| 2026-06-03 | 6.95x |
| 2026-06-02 | 7.02x |
| 2026-06-01 | 6.93x |
| 2026-05-29 | 7.00x |
| 2026-05-28 | 6.97x |
| 2026-05-27 | 7.02x |
| 2026-05-26 | 6.96x |
| 2026-05-22 | 6.96x |
| 2026-05-21 | 6.93x |
| 2026-05-20 | 6.89x |
| 2026-05-19 | 6.86x |
| 2026-05-18 | 6.87x |
| 2026-05-15 | 6.79x |
| 2026-05-14 | 6.95x |
| 2026-05-13 | 6.96x |
| 2026-05-12 | 6.95x |
| 2026-05-11 | 6.94x |
| 2026-05-08 | 6.91x |
| 2026-05-07 | 6.90x |
| 2026-05-06 | 6.88x |
| 2026-05-05 | 6.85x |
| 2026-05-04 | 6.89x |
| 2026-05-01 | 6.85x |
| 2026-04-30 | 6.94x |
| 2026-04-29 | 7.05x |
| 2026-04-28 | 7.19x |
| 2026-04-27 | 7.16x |
| 2026-04-24 | 7.19x |
| 2026-04-23 | 7.27x |
| 2026-04-22 | 7.19x |
| 2026-04-21 | 7.13x |
| 2026-04-20 | 7.21x |
| 2026-04-17 | 6.98x |
| 2026-04-16 | 6.92x |
| 2026-04-15 | 6.92x |
| 2026-04-14 | 7.04x |
| 2026-04-13 | 7.05x |
| 2026-04-10 | 7.41x |
| 2026-04-09 | 7.38x |
| 2026-04-08 | 7.21x |
| 2026-04-07 | 7.16x |
| 2026-04-06 | 7.13x |
| 2026-04-02 | 7.22x |
| 2026-04-01 | 7.12x |
| 2026-03-31 | 7.05x |
| 2026-03-30 | 7.12x |
| 2026-03-27 | 7.03x |
| 2026-03-26 | 7.05x |
| 2026-03-25 | 6.97x |
| 2026-03-24 | 6.97x |
| 2026-03-23 | 6.95x |
| 2026-03-20 | 6.88x |
| 2026-03-19 | 6.96x |
| 2026-03-18 | 6.89x |
| 2026-03-17 | 6.98x |
| 2026-03-16 | 7.05x |
| 2026-03-13 | 7.09x |
| 2026-03-12 | 7.04x |
| 2026-03-11 | 6.99x |
| 2026-03-10 | 7.06x |
| 2026-03-09 | 7.24x |
| 2026-03-06 | 7.25x |
| 2026-03-05 | 7.22x |
| 2026-03-04 | 7.38x |
| 2026-03-03 | 7.38x |
| 2026-03-02 | 7.29x |
| 2026-02-27 | 7.24x |
| 2026-02-26 | 7.21x |
| 2026-02-25 | 7.30x |
| 2026-02-24 | 7.29x |
| 2026-02-23 | 7.32x |
| 2026-02-20 | 7.25x |
| 2026-02-19 | 7.19x |
| 2026-02-18 | 7.15x |
| 2026-02-17 | 7.24x |
| 2026-02-13 | 7.27x |
| 2026-02-12 | 7.10x |
| 2026-02-11 | 6.93x |
| 2026-02-10 | 7.00x |
| 2026-02-09 | 6.86x |
| 2026-02-06 | 6.89x |
| 2026-02-05 | 7.00x |
| 2026-02-04 | 6.96x |
| 2026-02-03 | 6.90x |
| 2026-02-02 | 6.95x |
| 2026-01-30 | 6.99x |
| 2026-01-29 | 6.96x |
| 2026-01-28 | 6.92x |
| 2026-01-27 | 7.01x |
| 2026-01-26 | 6.99x |
| 2026-01-23 | 6.98x |
| 2026-01-22 | 7.09x |
| 2026-01-21 | 7.08x |
| 2026-01-20 | 7.07x |
| 2026-01-16 | 7.19x |
| 2026-01-15 | 7.24x |
| 2026-01-14 | 7.14x |
| 2026-01-13 | 7.01x |
| 2026-01-12 | 7.03x |
| 2026-01-09 | 6.93x |
| 2026-01-08 | 6.86x |
| 2026-01-07 | 6.81x |
| 2026-01-06 | 6.86x |
| 2026-01-05 | 6.79x |
| 2026-01-02 | 6.80x |
| 2025-12-31 | 6.81x |
| 2025-12-30 | 6.86x |
| 2025-12-29 | 6.90x |
| 2025-12-26 | 6.91x |
| 2025-12-24 | 6.93x |
| 2025-12-23 | 6.92x |
| 2025-12-22 | 6.97x |
| 2025-12-19 | 6.93x |
| 2025-12-18 | 7.10x |
| 2025-12-17 | 7.09x |
| 2025-12-16 | 7.07x |
| 2025-12-15 | 7.06x |
| 2025-12-12 | 7.05x |
| 2025-12-11 | 6.97x |
| 2025-12-10 | 6.90x |
| 2025-12-09 | 6.86x |
| 2025-12-08 | 6.87x |
| 2025-12-05 | 6.95x |
| 2025-12-04 | 6.90x |
| 2025-12-03 | 6.88x |
| 2025-12-02 | 6.85x |
| 2025-12-01 | 6.89x |
| 2025-11-28 | 6.89x |
| 2025-11-26 | 6.88x |
| 2025-11-25 | 6.83x |
| 2025-11-24 | 6.76x |
| 2025-11-21 | 6.77x |
| 2025-11-20 | 6.64x |
| 2025-11-19 | 6.66x |
| 2025-11-18 | 6.82x |
| 2025-11-17 | 6.92x |
| 2025-11-14 | 7.00x |
| 2025-11-13 | 7.01x |
| 2025-11-12 | 7.02x |
| 2025-11-11 | 7.12x |
| 2025-11-10 | 7.02x |
| 2025-11-07 | 7.10x |
| 2025-11-06 | 7.03x |
| 2025-11-05 | 7.06x |
| 2025-11-04 | 7.23x |
| 2025-11-03 | 6.76x |
| 2025-10-31 | 7.39x |
| 2025-10-30 | 7.34x |
| 2025-10-29 | 7.44x |
| 2025-10-28 | 7.72x |
| 2025-10-27 | 7.80x |
| 2025-10-24 | 7.66x |
| 2025-10-23 | 7.66x |
| 2025-10-22 | 7.63x |
| 2025-10-21 | 7.63x |
| 2025-10-20 | 7.63x |
| 2025-10-17 | 7.47x |
| 2025-10-16 | 7.48x |
| 2025-10-15 | 7.48x |
| 2025-10-14 | 7.30x |
| 2025-10-13 | 7.22x |
| 2025-10-10 | 7.37x |
| 2025-10-09 | 7.31x |
| 2025-10-08 | 7.18x |
| 2025-10-07 | 7.15x |
| 2025-10-06 | 7.09x |
| 2025-10-03 | 7.03x |
| 2025-10-02 | 6.96x |
| 2025-10-01 | 6.96x |
| 2025-09-30 | 7.08x |
| 2025-09-29 | 7.01x |
| 2025-09-26 | 7.03x |
| 2025-09-25 | 6.98x |
| 2025-09-24 | 7.03x |
| 2025-09-23 | 7.11x |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.
