Question 1

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

Accepted Answer

New Jersey Resources (NJR) P/S ratio is 2.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For New Jersey Resources specifically, the relevant sector benchmark is the current sector median of 3.1×.

Question 5

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

Accepted Answer

New Jersey Resources's P/S ratio of 2.5× is above its own 5-year average of 2.1× and below the sector median of 3.1×. That places the current reading at the 77th 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/S ratio range?

Accepted Answer

In the available daily series, New Jersey Resources (NJR) P/S ratio has ranged from a low of 0.3× in 2003 to a high of 3.0× in 2024. The 5-year average is 2.1× and the 5-year median is 2.1×.

Question 7

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

Accepted Answer

New Jersey Resources (NJR) P/S ratio at the end of 2025 was 2.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$2.03B	2.4×	-0.2×	Sep 30, 2025
2024	$4.66B	$1.78B	2.6×	+0.6×	Sep 30, 2024
2023	$3.96B	$1.93B	2.1×	+0.8×	Sep 30, 2023
2022	$3.72B	$2.91B	1.3×	-0.3×	Sep 30, 2022
2021	$3.35B	$2.13B	1.6×	+0.2×	Sep 30, 2021
2020	$2.59B	$1.95B	1.3×	-0.2×	Sep 30, 2020
2019	$4.07B	$2.60B	1.6×	+0.2×	Sep 30, 2019
2018	$3.96B	$2.92B	1.4×	-0.3×	Sep 30, 2018
2017	$3.65B	$2.26B	1.6×	+0.1×	Sep 30, 2017
2016	$2.83B	$1.87B	1.5×	+0.6×	Sep 30, 2016
2015	$2.56B	$2.73B	0.9×	+0.4×	Sep 30, 2015
2014	$2.13B	$3.74B	0.6×	-0.0×	Sep 30, 2014
2013	$1.83B	$3.20B	0.6×	-0.3×	Sep 30, 2013
2012	$1.89B	$2.25B	0.8×	+0.3×	Sep 30, 2012
2011	$1.76B	$3.01B	0.6×	-0.0×	Sep 30, 2011
2010	$1.62B	$2.64B	0.6×	+0.0×	Sep 30, 2010
2009	$1.51B	$2.59B	0.6×	+0.2×	Sep 30, 2009
2008	$1.51B	$3.82B	0.4×	-0.1×	Sep 30, 2008
2007	$1.40B	$3.02B	0.5×	+0.0×	Sep 30, 2007
2006	$1.37B	$3.30B	0.4×	+0.0×	Sep 30, 2006
2005	$1.24B	$3.15B	0.4×	-0.1×	Sep 30, 2005
2004	$1.15B	$2.53B	0.5×	+0.1×	Sep 30, 2004
2003	$981.21M	$2.54B	0.4×	-0.1×	Sep 30, 2003
2002	$886.67M	$1.83B	0.5×	—	Sep 30, 2002


Evergy (EVRG)	3.2×
Vistra (VST)	3.2×
Dominion Energy (D)	3.1×
PPL (PPL)	3.1×
Duke Energy (DUK)	3.1×
CenterPoint Energy (CNP)	3.0×
Artesian Resources (ARTNA)	2.9×
H2O America (HTO)	2.7×
California Water Service Group (CWT)	2.7×
CMS Energy (CMS)	2.6×
Consolidated Edison (ED)	2.4×
Black Hills (BKH)	2.3×
Pinnacle West Capital (PNW)	2.2×
Exelon (EXC)	2.0×
FirstEnergy (FE)	1.9×
Eversource Energy (ES)	1.9×
Algonquin Power & Utilities (AQN)	1.9×
DTE Energy (DTE)	1.9×
Avista (AVA)	1.7×
Northwest Natural Holding (NWN)	1.7×
PG&E (PCG)	1.5×
Edison International (EIX)	1.4×
UGI (UGI)	1.1×
NRG Energy (NRG)	0.9×
AES (AES)	0.8×

P/S Ratio for New Jersey Resources (NJR)

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

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

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

New Jersey Resources P/S Ratio by Year

New Jersey Resources P/S Ratio 2025: 2.4×

New Jersey Resources P/S Ratio 2024: 2.6×

New Jersey Resources P/S Ratio 2023: 2.1×

New Jersey Resources P/S Ratio 2022: 1.3×

New Jersey Resources P/S Ratio 2021: 1.6×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

New Jersey Resources (NJR) Key Financials

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

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

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

New Jersey Resources P/S Ratio by Year

New Jersey Resources P/S Ratio 2025: 2.4×

New Jersey Resources P/S Ratio 2024: 2.6×

New Jersey Resources P/S Ratio 2023: 2.1×

New Jersey Resources P/S Ratio 2022: 1.3×

New Jersey Resources P/S Ratio 2021: 1.6×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

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

+How is the P/S ratio calculated?

+What is the P/S ratio?

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

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

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

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

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

New Jersey Resources (NJR) Key Financials