Stock fact sheet · data as of
Artesian Resources Corporation (ARTNB): fair value, margin of safety and Wheel Score
Utilities · Regulated Water · United States · Defensive
Is ARTNB undervalued?
At 34.01 (close of 16 Oct 2026), ARTNB trades 28% over the GLS average fair value of 26.54. 3 of the 8 models land above the price and 5 below. A negative margin of safety costs Value points in the Wheel Score (1 of 25 here) - the models see no discount, which does not make the business a poor one, only the price a full one.
There is a wide gap between Payback Time (8.78) and Graham Growth (45.97). 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.
The nightly engine files ARTNB under Defensive: a low beta, a dividend and positive earnings.
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 | +5% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 45.97 | +35% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 13.54 | -60% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 18.63 | -45% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 44.99 | +32% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 8.78 | -74% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 18.64 | -45% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 26.05 | -23% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -56.47 | -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 Sunday Scan's "6 or more" rule. 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. A GLS Moat score of 4.9/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
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 1.2%.
The dividend yield is 3.82% 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 | 4.9 / 10 | ROE | 9.1% |
| Debt / equity | 0.73 | ROA | 2.7% |
| Free-cash-flow yield | 1.2% | Payout ratio | 55% |
| Institutions | 5 / 10 | Insiders · Congress | 2 · 5 / 10 |
Wheel Score 25: No options
No options are listed on Artesian Resources Corporation in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 25) and the stock is left out of every options screen; 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 $349M, 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 gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 1 / 25 | -28% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 7 / 15 | moat 4.9/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 0k shares/day, $349M cap, beta 0.32 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Artesian Resources Corporation reports earnings on 29 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
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 | 33.16 | 26.17 | -27% | 26No options | $342M |
| CDZI Cadiz Inc. | 3.81 | - | - | 35Weak | $323M |
| CDZIP Cadiz Inc. | 19.60 | - | - | 24No options | $298M |
| PCYO Pure Cycle Corporation | 11.19 | 7.42 | -51% | 42Weak | $270M |
| CWCO Consolidated Water Co. Ltd. | 28.76 | 37.63 | +24% | 69Good | $461M |
| YORW The York Water Company | 31.07 | 16.60 | -87% | 49Weak | $504M |
| GWRS Global Water Resources, Inc. | 8.09 | 3.26 | -148% | 42Weak | $233M |
| MSEXP Middlesex Water Company PFD 7% | 492.00 | 151.21 | -225% | 28No options | $822M |
| MSEX Middlesex Water Company | 53.91 | 28.46 | -89% | 47Weak | $1.0B |
| HTO H2O America | 57.30 | 39.94 | -43% | 54Fair | $2.4B |
| CWT California Water Service Group | 46.05 | 24.67 | -87% | 53Fair | $2.8B |
| AWR American States Water Company | 82.74 | 45.00 | -84% | 51Fair | $3.3B |
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Start free See the Sunday ScanQuestions about ARTNB
Is ARTNB undervalued right now?
No: at 34.01 the stock trades 28% above the GLS average fair value of 26.54 (data as of 16 Oct 2026). The margin of safety is negative.
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; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for ARTNB?
26.54 per share as of 16 Oct 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?
The next earnings report is due on 29 Oct 2026 (after the close), 13 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
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 is capped at 39.