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Artesian Resources Corp
Artesian Resources Corp (ARTNA) is listed on NASDAQ and classified in Utilities - Regulated Water, part of the Utilities sector. It is headquartered in Newark, United States and has 272 employees. The company is worth $351.23M and trades at 14.4x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $112.94M in fiscal 2025, up 4.6% from the year before. Net income was $22.82M. The share price is 8.0% below its 52-week high of $36.98. It pays a dividend yielding 3.73%, and has raised its annual dividend for 28 years in a row in our records. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $10.24M. In that quarter, 1 of them reduced the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -21.9% over 5Y.
today you would have $964.49▼ -3.6%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $31.61 | $31.62 | $41.45 | $58.58 | $46.33 | $37.08 | $37.21 | $34.87 | $38.56 | $31.94 | $27.70 | $22.59 | $22.95 | $22.43 | $18.83 | $18.95 | $18.31 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 4.3% a year plus a 3.7% dividend yield. Growth capped at 25%.
Median P/E of 20.5 among peers in the sector.
Median P/E of 22.6 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Sector median of 13.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 4.0% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| IMSRTerrestrial Energy Inc. | $3.05 | — | 1.1x | 0.00% | -27.41% | $323.1M |
| ELLOEllomay Capital Ltd. | $21.06 | — | 1.2x | 0.00% | -15.77% | $290.27M |
| GNEGenie Energy Ltd. | $16.86 | 15.3x | 1.7x | 1.78% | 13.24% | $443.75M |
| CWCOConsolidated Water Co. Ltd. | $28.05 |
| 22.6x |
| 14.3x |
| 16.0x |
| 24.8x |
| 30.8x |
| 25.9x |
| 20.7x |
| 23.3x |
| 22.6x |
| 25.5x |
| 22.7x |
| 22.0x |
| 21.1x |
| 24.4x |
| 19.8x |
| 22.7x |
| 19.0x |
| 18.9x |
| P/S | 3.2x | 2.9x | 3.0x | 4.2x | 5.6x | 4.8x | 3.9x | 4.2x | 4.0x | 4.3x | 3.7x | 3.2x | 2.8x | 2.9x | 2.8x | 2.5x | 2.2x | 0.0x |
| P/B | 1.8x | 1.3x | 1.4x | 1.8x | 3.0x | 2.5x | 2.1x | 2.2x | 2.1x | 2.4x | 2.1x | 1.9x | 1.6x | 1.7x | 1.7x | 1.4x | 1.5x | 0.0x |
| EPS | $2.21 | $1.98 | $1.67 | $1.90 | $1.79 | $1.79 | $1.60 | $1.54 | $1.51 | $1.41 | $1.26 | $1.07 | $0.94 | $1.13 | $0.83 | $1.00 | $0.97 |
| Dividend yield | 3.15% | 3.89% | 3.74% | 2.74% | 1.86% | 2.26% | 2.72% | 2.64% | 2.74% | 2.40% | 2.82% | 3.15% | 3.75% | 3.59% | 3.53% | 4.05% | 3.97% | 3.94% |
| Payout | 63.83% | 55.61% | 59.75% | 68.02% | 57.47% | 58.49% | 56.26% | 61.50% | 62.01% | 61.39% | 63.83% | 69.29% | 79.25% | 87.66% | 70.09% | 91.81% | 75.20% | 74.33% |
| Profit margin | 16.89% | 20.21% | 18.89% | 16.89% | 18.20% | 18.52% | 19.08% | 17.85% | 17.76% | 17.00% | 16.38% | 14.68% | 13.12% | 12.02% | 13.95% | 10.37% | 11.74% | 11.92% |
| ROE | 8.54% | 9.13% | 8.53% | 7.25% | 9.58% | 9.45% | 9.93% | 9.31% | 9.32% | 9.54% | 9.32% | 8.54% | 7.57% | 6.81% | 8.33% | 5.97% | 8.01% | 7.96% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+16.3% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 26.7x |
| 2.0x |
| 2.00% |
| 7.50% |
| $449.16M |
| NKLRTerra Innovatum Global N.V. | $2.46 | 0.5x | — | 0.00% | — | $271.83M |
| PCYOPure Cycle Corp | $11.02 | 18.1x | 1.8x | 0.00% | 10.22% | $265.55M |