As at May 3, 2024, the NJR stock has a PE ratio of 18.24. This is based on the current EPS of $2.45 and the stock price of $44.7 per share. An increase of 10% has been seen in the P/E ratio compared to the average of 16.7 of the last 4 quarters.
The mean historical PE ratio of New Jersey Resources over the last ten years is 22.06. The current 18.24 PE ratio is 17% 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.
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% |
Currently, NJR's PE ratio is below the 3, 5 and 10-year averages.
Compared to its peers CNP and CPK, NJR's PE ratio stands lower, however it is higher than OKE's and NI's. New Jersey Resources's current PE ratio of 18.24 is comparable to the average of its peer group, which is 18.15.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NFG National Fuel Gas Co | 10.82 | $5.04B |
| NI Nisource Inc | 17.95 | $12.77B |
| OKE Oneok Inc | 18.21 | $45.08B |
| NJR New Jersey Resources Corp | 18.24 | $4.39B |
| CNP Centerpoint Energy Inc | 20.59 | $18.84B |
| CPK Chesapeake Utilities Corp | 23.17 | $2.45B |
| STR Sitio Royalties Corporation | N/A | $3.6B |
The price to earnings ratio for NJR stock is 18.24 as of May 3, 2024.
Over the last 3 years, the average price to earnings ratio for NJR stock is 22.07.
Over the last 5 years, the average price to earnings ratio for NJR stock is 23.87.
Over the last ten years, the quarterly PE ratio reached a historic high of 46.32 in the Mar 2022 quarter.
NJR's current price to earnings ratio is 17% below its 10-year historical average.
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (May 3, 2024), New Jersey Resources's stock price is $44.7. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.45. Therefore, New Jersey Resources's P/E ratio for today is 18.24. PE RATIO(18.24) = STOCK PRICE($44.7) / TTM EPS($2.45)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.