Question 1

What is New Jersey Resources's P/FCF ratio?

Accepted Answer

New Jersey Resources (NJR) P/FCF ratio is 42.1× as of May 6, 2024. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for New Jersey Resources?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For New Jersey Resources specifically, the relevant sector benchmark is the current sector median of 32.9×.

Question 5

Is New Jersey Resources's P/FCF ratio high or low?

Accepted Answer

New Jersey Resources's P/FCF ratio of 42.1× is above its own 5-year average of 41.7× and above the sector median of 32.9×. That places the current reading at the 99th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is New Jersey Resources's historical P/FCF ratio range?

Accepted Answer

In the available daily series, New Jersey Resources (NJR) P/FCF ratio has ranged from a low of 5.7× in 2009 to a high of 194.9× in 2018. The 5-year average is 41.7× and the 5-year median is 41.7×.

Question 7

What was New Jersey Resources's P/FCF ratio in 2018?

Accepted Answer

New Jersey Resources (NJR) P/FCF ratio at the end of 2018 was 194.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does New Jersey Resources's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$4.84B	−$239.73M	—	—	Sep 30, 2025
2024	$4.66B	−$123.34M	—	—	Sep 30, 2024
2023	$3.96B	−$61.93M	—	—	Sep 30, 2023
2022	$3.72B	−$274.95M	—	—	Sep 30, 2022
2021	$3.35B	−$233.66M	—	—	Sep 30, 2021
2020	$2.59B	−$232.46M	—	—	Sep 30, 2020
2019	$4.07B	−$308.70M	—	—	Sep 30, 2019
2018	$3.96B	$20.34M	194.9×	—	Sep 30, 2018
2017	$3.65B	−$77.60M	—	—	Sep 30, 2017
2016	$2.83B	−$211.57M	—	—	Sep 30, 2016
2015	$2.56B	$68.04M	37.7×	+6.7×	Sep 30, 2015
2014	$2.13B	$68.68M	31.0×	—	Sep 30, 2014
2013	$1.83B	−$82.21M	—	—	Sep 30, 2013
2012	$1.89B	−$155.10M	—	—	Sep 30, 2012
2011	$1.76B	$80.94M	21.8×	-11.0×	Sep 30, 2011
2010	$1.62B	$49.24M	32.8×	+24.9×	Sep 30, 2010
2009	$1.51B	$191.75M	7.9×	-17.7×	Sep 30, 2009
2008	$1.51B	$58.92M	25.6×	+1.9×	Sep 30, 2008
2007	$1.40B	$58.88M	23.8×	—	Sep 30, 2007
2006	$1.37B	−$81.79M	—	—	Sep 30, 2006
2005	$1.24B	$146.09M	8.5×	—	Sep 30, 2005
2004	$1.15B	−$127.66M	—	—	Sep 30, 2004
2003	$981.21M	$38.87M	25.2×	-110.6×	Sep 30, 2003
2002	$886.67M	$6.53M	135.8×	—	Sep 30, 2002


Eversource Energy (ES)	110.1×
Constellation Energy (CEG)	86.9×
NextEra Energy (NEE)	82.1×
American States Water (AWR)	77.8×
Middlesex Water (MSEX)	63.1×
Vistra (VST)	52.9×
UGI (UGI)	32.9×
GE Vernova (GEV)	31.2×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	11.5×
Avista (AVA)	7.9×

P/FCF Ratio for New Jersey Resources (NJR)

P/FCF Ratio daily chart for New Jersey Resources (NJR)

Historical P/FCF Ratio for New Jersey Resources (NJR) from 2002 to 2025

About P/FCF Ratio at New Jersey Resources (NJR)

New Jersey Resources P/FCF Ratio by Year

New Jersey Resources P/FCF Ratio 2018: 194.9×

New Jersey Resources P/FCF Ratio 2015: 37.7×

New Jersey Resources P/FCF Ratio 2014: 31.0×

New Jersey Resources P/FCF Ratio 2011: 21.8×

New Jersey Resources P/FCF Ratio 2010: 32.8×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

New Jersey Resources (NJR) Key Financials

P/FCF Ratio daily chart for New Jersey Resources (NJR)

Historical P/FCF Ratio for New Jersey Resources (NJR) from 2002 to 2025

About P/FCF Ratio at New Jersey Resources (NJR)

New Jersey Resources P/FCF Ratio by Year

New Jersey Resources P/FCF Ratio 2018: 194.9×

New Jersey Resources P/FCF Ratio 2015: 37.7×

New Jersey Resources P/FCF Ratio 2014: 31.0×

New Jersey Resources P/FCF Ratio 2011: 21.8×

New Jersey Resources P/FCF Ratio 2010: 32.8×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is New Jersey Resources's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for New Jersey Resources?

+Is New Jersey Resources's P/FCF ratio high or low?

+What is New Jersey Resources's historical P/FCF ratio range?

+What was New Jersey Resources's P/FCF ratio in 2018?

+Why does New Jersey Resources's P/FCF ratio change over time?

New Jersey Resources (NJR) Key Financials