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Artesian Resources Corporation (ARTNB) fair value: what the stock is really worth
We calculate from audited financials what Artesian Resources Corporation is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? No
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Some data
Sep 13, 2026
Some data
Sep 13, 2026
Artesian Resources Corporation
ARTNB · USLow PriorityFair Value upside is limited and quality is weak.
·Fair value $33.55 · Fairly valued (+0%)
!Quality 47/100
!Expensive Growth (revenue 5y +5.1 %/yr)
✓Highly profitable · 20.3% net margin (TTM)
!Moderate debt · negative free cash flow
·3.71% dividend yield
!Moderate moat 63/100
!Evidence only medium, so the estimate is less certain
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What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range $27.91 – $51.43 · fair‑value band $21.24 – $43.62 · the $33.51 price screens below the $33.55 fair value. Dashed = 300-day average. As of Sep 13, 2026.
Company profile
Artesian Resources Corporation provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania.
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Artesian Resources Corporation provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection; and offers wastewater collection, treatment infrastructure, and wastewater services to customers. It also provides contract water and wastewater operations; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides design, installation, maintenance, and repair services. As of December 31, 2025, it served customers in Delaware, Maryland, and Pennsylvania through 1,515 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.
Stock analysis
Artesian Resources Corporation (ARTNB) currently trades at $33.51, while our model-based Fair Value estimate is $33.55, implying the stock looks roughly 0.1% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $33.55 per share, and 5 of the 13 models we run sit above the $33.51 price.
Bear case: the Economic Profit group reads lowest at $9.34, and 8 of the 13 models stay below the price. Evidence for this calculation is medium.
Scenario range: $21.24 (bear) to $43.62 (bull), the price of $33.51 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Artesian Resources Corporation reported revenue of $113M in FY2025 versus $90.9M in FY2021, a compound +5.6%/yr. Reported net income was $22.8M in FY2025, compounding +7.9%/yr from FY2021.
Key figures
Market cap $345M · P/E ratio 14.9 · P/S ratio 3.01 · EPS (TTM) $2.25 · Dividend yield 3.7% · Net margin 20.2% · Return on equity 9.4% · Return on assets (EBIT) 3.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −43% fair-value upside, at 0%, ARTNB screens cheaper than that median.
Fair Value models
Bear $21.24
Fair Value $33.55
Bull $43.62
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then ($0.7097 per share) are deliberately not added.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Residual Income
$19.61
$20.95
$23.28
76
EPV
$6.19
$9.34
$11.97
73
ROIC Compounder
$6.19
$9.34
$11.97
71
All 13 models by family
Earnings-Based
Graham-Dodd
$15.09
$38.27
$49.74
65
PEG = 1.0
$7.10
$10.14
$13.18
57
EPV
$6.19
$9.34
$11.97
73
Multiples
P/E Multiple
$29.95
$39.93
$49.92
63
P/S Multiple
$20.59
$27.45
$34.31
58
P/B Multiple
$28.29
$37.72
$47.14
55
EV/EBIT
$22.01
$34.99
$47.98
64
EV/EBITDA
$19.09
$31.10
$43.11
66
EV/Revenue
$2.28
$10.51
$18.75
48
Asset-Based
NCAV (Graham)
$12.15
$16.28
$24.30
54
Economic Profit
Residual Income
$19.61
$20.95
$23.28
76
ROIC Compounder
$6.19
$9.34
$11.97
71
Growth Earnings
Growth-Adj P/E
$23.49
$33.55
$43.62
67
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Set up alert →Quality Score breakdown
Overall quality
47/100
Of which business quality 44 · Market factors (momentum, volatility) 53
Profitability
34
Margins and returns on capital today
Quality Growth
48
Are margins and returns improving?
Cashflow
46
Earnings quality: real cash, not paper profit
Fin. Strength
25
Balance sheet, leverage, solvency risk
Investment
57
Disciplined investing over empire-building
Low Volatility
85
Calm price path (market factor)
Momentum
42
Price trend over the last 3–12 months (market factor)
52W Momentum
36
Distance to the 52-week high (market factor)
Net Issuance
69
Share count: buybacks or dilution?
Revenue & earnings trend
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.
36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+4.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.1%
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+8.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.4%
Dividend (yield on the price)3.7%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.25% → 32%
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Regulated Water · 63 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation Multiplesvs Utilities - Regulated Water median · lower = cheaper
Context: sector, industry, market
- Is the Utilities sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Utilities
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Utilities - Regulated Water stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| American Water Works Company AWK | $137.69 | $65.80 | −52% |
| SBS SBS | $5.29 | $8.22 | +55% |
| Essential Utilities, Inc WTRG | $41.07 | $23.28 | −43% |
| Guangdong Investment Limited 0270 | HK$8.55 | HK$12.82 | +50% |
| Grandblue Environment Co 600323 | ¥29.54 | ¥49.96 | +69% |
| American States Water Company AWR | $86.48 | $38.40 | −56% |
| Chengdu Xingrong Environment Co 000598 | ¥7.08 | ¥9.09 | +28% |
| California Water Service Group CWT | $48.22 | $25.75 | −47% |
| Chongqing Water Group 601158 | ¥4.10 | ¥1.76 | −57% |
| H2O America, through its subsidiaries, HTO | $62.66 | $29.35 | −53% |
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Frequently asked questions
Is Artesian Resources Corporation (ARTNB) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of $33.55 versus a price of $33.51, about +0% upside (fairly valued).
What is the fair value of ARTNB?
Our model-based fair value for Artesian Resources Corporation is $33.55 (as of Sep 13, 2026), built from audited fundamentals. The current price: $33.51.
What is the quality score of ARTNB?
Artesian Resources Corporation has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Artesian Resources Corporation (ARTNB)?
Our model-based price target is the fair value of $33.55 (as of Sep 13, 2026) from 13 valuation models. Cautious scenario $21.24, optimistic scenario $43.62. It is a calculation from audited fundamentals, not an analyst target.
What is the Artesian Resources Corporation stock forecast for 2026?
Our models put fair value at $33.55, about +0% upside versus a price of $33.51 (fairly valued). Cautious scenario $21.24, optimistic scenario $43.62. The calculation is refreshed regularly with new filings.
What is the revenue of Artesian Resources Corporation (ARTNB)?
Artesian Resources Corporation reported trailing-twelve-month revenue of about $115M (latest available figure, as of Sep 13, 2026).
Does Artesian Resources Corporation pay a dividend?
Artesian Resources Corporation currently shows a dividend yield of about 3.71% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of Artesian Resources Corporation (ARTNB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Artesian Resources Corporation it is $33.55 per share (as of Sep 13, 2026), against a price of $33.51. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Artesian Resources Corporation stock overvalued or undervalued in 2026?
As of Sep 13, 2026, ARTNB trades below its calculated fair value: price $33.51, fair value $33.55, a gap of about +0% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ARTNB?
No. The price is what the market pays today ($33.51); the fair value is what the company's own numbers justify ($33.55). For Artesian Resources Corporation the two are $0.0400 per share apart. That gap is exactly why we show both numbers side by side.
How much is Artesian Resources Corporation worth?
The market values Artesian Resources Corporation at about $345M (market capitalisation, as of Sep 13, 2026). Per share that is $33.51; our models calculate a fair value of $33.55 per share.
What do the bullish and bearish scenarios say about ARTNB?
Our models span a range for Artesian Resources Corporation: cautious scenario $21.24, base $33.55, optimistic $43.62 per share (as of Sep 13, 2026, price $33.51). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ARTNB?
Artesian Resources Corporation trades at a price-to-earnings ratio of 14.9 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $33.55 is built from several models across several years. Other multiples: PEG 8.5, P/B 1.4, P/S 3.0, EV/EBITDA 10.3.
What is the PEG ratio of ARTNB?
The PEG ratio of Artesian Resources Corporation is 8.50 (P/E divided by earnings growth, as of Sep 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Artesian Resources Corporation (ARTNB)?
Balance-sheet figures for Artesian Resources Corporation (as of Sep 13, 2026): return on equity 9.4%, debt of 0.70 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is ARTNB from its 52-week high?
Artesian Resources Corporation trades at $33.51, about 6% below its 52-week high of $35.72 and 4% above the low of $32.27 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of $33.55 is for.
Which stocks are comparable to Artesian Resources Corporation?
From the same area (Utilities) we also value American Water Works Company, SBS, Essential Utilities, Inc, Guangdong Investment Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Artesian Resources Corporation stock attractive at the current price?
The data as of Sep 13, 2026: price $33.51, calculated fair value $33.55 (+0%), Quality Score 47/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ARTNB calculated?
We run Artesian Resources Corporation through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $33.55, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. Artesian Resources Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with Artesian Resources Corporation right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($21.24 to $43.62) leaves room in how you read the outcome.
Key figures of Artesian Resources Corporation
How large is the market capitalisation of Artesian Resources Corporation (ARTNB)?
The market capitalisation of Artesian Resources Corporation is $345M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Artesian Resources Corporation (ARTNB)?
The price-to-sales ratio of Artesian Resources Corporation is 3.01 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Artesian Resources Corporation (ARTNB)?
Earnings per share at Artesian Resources Corporation are $2.25 (price ÷ EPS = P/E 14.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Artesian Resources Corporation (ARTNB)?
The dividend yield of Artesian Resources Corporation is 3.7% (payout 55.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Artesian Resources Corporation (ARTNB)?
The net margin of Artesian Resources Corporation is 20.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Artesian Resources Corporation (ARTNB)?
The return on equity (ROE) of Artesian Resources Corporation is 9.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Artesian Resources Corporation (ARTNB)?
On an EBIT basis the return on assets of Artesian Resources Corporation is 3.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Artesian Resources Corporation (ARTNB)?
The operating margin of Artesian Resources Corporation is 30.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Artesian Resources Corporation (ARTNB)?
Revenue at Artesian Resources Corporation is growing +7.3% versus a year earlier (3y avg +4.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Artesian Resources Corporation (ARTNB)?
Earnings per share at Artesian Resources Corporation are growing +8.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Artesian Resources Corporation (ARTNB) generate?
The free cash flow of Artesian Resources Corporation is −$18.5M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Artesian Resources Corporation (ARTNB) carry?
The net debt of Artesian Resources Corporation is $182M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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