Question 1

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

Accepted Answer

New Jersey Resources (NJR) P/E ratio is 16.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

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

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For New Jersey Resources specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

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

Accepted Answer

New Jersey Resources's P/E ratio of 16.5× is below its own 5-year average of 18.7× and below the sector median of 21.4×. That places the current reading at the 40th 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/E ratio range?

Accepted Answer

In the available daily series, New Jersey Resources (NJR) P/E ratio has ranged from a low of 10.0× in 2014 to a high of 55.5× in 2009. The 5-year average is 18.7× and the 5-year median is 16.6×.

Question 7

What was New Jersey Resources's P/E ratio in 2025?

Accepted Answer

New Jersey Resources (NJR) P/E ratio at the end of 2025 was 14.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$335.63M	14.4×	-1.7×	Sep 30, 2025
2024	$4.66B	$289.77M	16.1×	+1.1×	Sep 30, 2024
2023	$3.96B	$264.72M	15.0×	+1.4×	Sep 30, 2023
2022	$3.72B	$274.92M	13.5×	-14.9×	Sep 30, 2022
2021	$3.35B	$117.89M	28.4×	+13.5×	Sep 30, 2021
2020	$2.59B	$173.57M	14.9×	-9.1×	Sep 30, 2020
2019	$4.07B	$169.50M	24.0×	+7.0×	Sep 30, 2019
2018	$3.96B	$233.44M	17.0×	-10.6×	Sep 30, 2018
2017	$3.65B	$132.06M	27.6×	+5.9×	Sep 30, 2017
2016	$2.83B	$130.01M	21.8×	+7.6×	Sep 30, 2016
2015	$2.56B	$180.96M	14.2×	-0.8×	Sep 30, 2015
2014	$2.13B	$141.97M	15.0×	-0.9×	Sep 30, 2014
2013	$1.83B	$114.81M	15.9×	-4.4×	Sep 30, 2013
2012	$1.89B	$92.88M	20.4×	+3.0×	Sep 30, 2012
2011	$1.76B	$101.30M	17.4×	+3.7×	Sep 30, 2011
2010	$1.62B	$117.46M	13.8×	-41.7×	Sep 30, 2010
2009	$1.51B	$27.24M	55.5×	+42.2×	Sep 30, 2009
2008	$1.51B	$113.91M	13.3×	-8.2×	Sep 30, 2008
2007	$1.40B	$65.28M	21.4×	+4.0×	Sep 30, 2007
2006	$1.37B	$78.52M	17.4×	+1.1×	Sep 30, 2006
2005	$1.24B	$76.34M	16.3×	+0.2×	Sep 30, 2005
2004	$1.15B	$71.57M	16.1×	+1.1×	Sep 30, 2004
2003	$981.21M	$65.41M	15.0×	-0.6×	Sep 30, 2003
2002	$886.67M	$56.84M	15.6×	—	Sep 30, 2002


Alliant Energy (LNT)	22.5×
American States Water (AWR)	22.1×
Middlesex Water (MSEX)	21.8×
Evergy (EVRG)	21.4×
H2O America (HTO)	21.2×
CMS Energy (CMS)	21.1×
Essential Utilities (WTRG)	20.5×
Ameren (AEE)	19.9×
Duke Energy (DUK)	19.8×
MGE Energy (MGEE)	19.8×
American Electric Power Company (AEP)	19.4×
Consolidated Edison (ED)	19.1×
Pinnacle West Capital (PNW)	18.7×
Dominion Energy (D)	18.3×
Black Hills (BKH)	18.2×
Exelon (EXC)	18.1×
Public Service Enterprise Group (PEG)	17.8×
Northwest Natural Holding (NWN)	17.7×
Avista (AVA)	16.0×
Eversource Energy (ES)	14.9×
Artesian Resources (ARTNA)	14.1×
PG&E (PCG)	13.1×
UGI (UGI)	12.2×
Edison International (EIX)	7.6×
AES (AES)	7.5×

P/E Ratio for New Jersey Resources (NJR)

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

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

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

New Jersey Resources P/E Ratio by Year

New Jersey Resources P/E Ratio 2025: 14.4×

New Jersey Resources P/E Ratio 2024: 16.1×

New Jersey Resources P/E Ratio 2023: 15.0×

New Jersey Resources P/E Ratio 2022: 13.5×

New Jersey Resources P/E Ratio 2021: 28.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

New Jersey Resources (NJR) Key Financials

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

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

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

New Jersey Resources P/E Ratio by Year

New Jersey Resources P/E Ratio 2025: 14.4×

New Jersey Resources P/E Ratio 2024: 16.1×

New Jersey Resources P/E Ratio 2023: 15.0×

New Jersey Resources P/E Ratio 2022: 13.5×

New Jersey Resources P/E Ratio 2021: 28.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

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

+How is the P/E ratio calculated?

+What is the P/E ratio?

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

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

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

+What was New Jersey Resources's P/E ratio in 2025?

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

New Jersey Resources (NJR) Key Financials