NJR New Jersey Resources PE ratio, current and historical analysis
As at Nov 21, 2024, the NJR stock has a PE ratio of 20.77. This is based on the current EPS of $2.4 and the stock price of $49.85 per share. An increase of 23% has been seen in the P/E ratio compared to the average of 16.9 of the last 4 quarters.
NJR PE ratio history
The mean historical PE ratio of New Jersey Resources over the last ten years is 22.15. The current 20.77 PE ratio is 6% below the historical average. Over the past ten years, NJR's PE ratio was at its highest in the Mar 2022 quarter at 46.32, with a price of $45.86 and an EPS of $0.99. The Dec 2014 quarter recorded the bottom point at 10, with a price of $30.6 and an EPS of $3.06.
New Jersey Resources PE ratio by year
Maximum annual increase: 87.71% in 2019
Maximum annual decrease: -52.19% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 14.88 | 9.98% |
| 2022 | 13.53 | -52.19% |
| 2021 | 28.3 | 80.14% |
| 2020 | 15.71 | -51.71% |
| 2019 | 32.53 | 87.71% |
| 2018 | 17.33 | -37.1% |
| 2017 | 27.55 | 28.26% |
| 2016 | 21.48 | 51.59% |
| 2015 | 14.17 | -5.15% |
| 2014 | 14.94 | -6.39% |
NJR average PE ratio chart
Currently, NJR's PE ratio is above the 3-year historical average, but it is below the 5 and 10-year averages.
NJR PE vs peers
Compared to its peers OKE and CNP, NJR's PE ratio stands lower, however it is higher than NFG's. New Jersey Resources's PE ratio is trading below the peer group average of 22.57.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NFG National Fuel Gas Co | 18.3 | $5.8B |
| NJR New Jersey Resources Corp | 20.77 | $4.94B |
| CNP Centerpoint Energy Inc | 21.01 | $20.68B |
| NI Nisource Inc | 22.4 | $17.67B |
| OKE Oneok Inc | 24.74 | $68.2B |
| CPK Chesapeake Utilities Corp | 26.39 | $2.97B |
| STR Sitio Royalties Corporation | N/A | $3.77B |
Frequently asked questions
What is New Jersey Resources's PE ratio?
The price to earnings ratio for NJR stock is 20.77 as of Nov 21, 2024.
What is the 3-year average PE ratio for New Jersey Resources (NJR)?
Over the last 3 years, the average price to earnings ratio for NJR stock is 20.38.
What is the 5-year average PE ratio for New Jersey Resources (NJR)?
Over the last 5 years, the average price to earnings ratio for NJR stock is 22.27.
What is the highest PE ratio for NJR?
Over the last ten years, the quarterly PE ratio reached a historic high of 46.32 in the Mar 2022 quarter.
How does the current PE ratio for NJR compare to its historical average?
NJR's current price to earnings ratio is 6% below its 10-year historical average.
How is NJR's PE ratio calculated (New Jersey Resources PE ratio formula)?
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Nov 21, 2024), New Jersey Resources's stock price is $49.85. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $2.4. Therefore, New Jersey Resources's P/E ratio for today is 20.77. PE RATIO(20.77) = STOCK PRICE($49.85) / TTM EPS($2.4)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.