Middlesex Water Company
$1.48B- Market cap
- $1.10B
- Debt
- +$386.72M
- Cash
- −$2.80M
Capital structure 74% equity / 26% debt · EV / Revenue 7.61x · EV / EBITDA 16.80x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2026 ·
Decision snapshot: MSEX stock price near parity vs VIAV $58.26 current versus $58.53 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at VIAV's multiple
Implied fair value · at MSEX's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: MSEX FY 2025 (ended Dec 31, 2025) · VIAV FY 2026 (ended Jun 27, 2026). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 74% equity / 26% debt · EV / Revenue 7.61x · EV / EBITDA 16.80x
Capital structure 97% equity / 3% debt · EV / Revenue 5.40x · EV / EBITDA 66.86x
VIAV carries the larger enterprise value at $8.20B against $1.48B; VIAV trades on the lower EV / Revenue multiple (5.40x vs 7.61x); MSEX on the lower EV / EBITDA (16.80x vs 66.86x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
MIDDLESEX WATER COMPANY · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Viavi Solutions Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.78x
0.17x
Net debt / EBITDA
Leverage against operating earnings
4.35x
-3.30x
Cash and equivalents
Liquid reserves on the balance sheet
$2.80M
$649.80M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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