Stock fact sheet · data as of
Artesian Resources Corporation (ARTNB): fair value, margin of safety and Wheel Score
Ticker symbol ARTNB · Utilities · Regulated Water · United States · Blend
Is ARTNB undervalued?
At 34.92 (close of 5 Nov 2026), ARTNB trades 31% over the GLS average fair value of 26.62, with 3 of 8 models above the price. The stock earns none of the Wheel Score's Value points at this price. That is a statement about price against trailing fundamentals, not about the company's prospects - the Wall Street View and the Growth tab on the Quote page carry the forward numbers.
There is a wide gap between Payback Time (8.78) and Graham Growth (46.24). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for ARTNB, so the nightly engine files it under Blend (value score 46, growth score 39, out of 100).
Nine valuation models for ARTNB
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 35.73 | +2% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 46.24 | +32% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 13.62 | -61% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 18.67 | -47% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 45.09 | +29% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 8.78 | -75% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 18.64 | -47% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 26.21 | -25% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -57.93 | -266% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Artesian Resources Corporation scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability ARTNB scores 6.0/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are moderate - ROIC 5.3%, ROE 9.1%, ROA 2.7% - with debt at 0.73 times equity and a free-cash-flow yield of 1.1%.
The dividend yield is 3.74% at a payout ratio of 55%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Water Sales 80%, Other Utility Operating Revenue 13%, Non Utility Operating Revenue 7% (quarter Q1 FY2025).
Institutional ownership scores 5/10, insider activity 2/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 5.3% |
|---|---|---|---|
| GLS Moat | 6.0 / 10 | ROE | 9.1% |
| Debt / equity | 0.73 | ROA | 2.7% |
| Free-cash-flow yield | 1.1% | Payout ratio | 55% |
| Institutions | 5 / 10 | Insiders · Congress | 2 · 5 / 10 |
Wheel Score 19: No options
No options are listed on Artesian Resources Corporation in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 19, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 0k shares a day on a market cap of $350M, with a beta of 0.32 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 31% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $350M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 31% above fair value | |
| Premium | Weak | no option data | |
| Moat | Good | moat 6.0/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta 0.32, $350M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for ARTNB in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Regulated Water
The 12 companies below are the closest to Artesian Resources Corporation by market cap within the Regulated Water industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| ARTNA Artesian Resources Corporation | 33.85 | 26.16 | -29% | 19No options | $350M |
| CDZIP Cadiz Inc. | 19.41 | 4.42 | -339% | 10No options | $330M |
| CDZI Cadiz Inc. | 3.65 | 0.8873 | -311% | 6Weak | $309M |
| CWCO Consolidated Water Co. Ltd. | 27.39 | 37.70 | +27% | 45Weak | $439M |
| PCYO Pure Cycle Corporation | 10.77 | 7.46 | -44% | 32Weak | $260M |
| GWRS Global Water Resources, Inc. | 8.15 | 2.72 | -200% | 33Weak | $235M |
| YORW The York Water Company | 32.26 | 16.59 | -94% | 28Weak | $524M |
| MSEXP Middlesex Water Company PFD 7% | 492.00 | 134.84 | -265% | 15No options | $822M |
| MSEX Middlesex Water Company | 59.20 | 28.34 | -109% | 36Weak | $1.1B |
| HTO H2O America | 62.65 | 37.06 | -69% | 35Weak | $3.0B |
| CWT California Water Service Group | 49.96 | 25.23 | -98% | 25Weak | $3.1B |
| AWR American States Water Company | 88.61 | 46.34 | -91% | 31Weak | $3.5B |
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Start free See the Sunday ScanQuestions about ARTNB
Is ARTNB undervalued right now?
No: at 34.92 the stock trades 31% above the GLS average fair value of 26.62 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of ARTNB and what does it mean?
ARTNB has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for ARTNB?
26.62 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Artesian Resources Corporation report earnings next?
No upcoming earnings date is recorded for ARTNB in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does ARTNB have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on ARTNB, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.