New Jersey Resources
NJR
#2839
Rank
โ‚ฌ4.38 B
Marketcap
43,94 โ‚ฌ
Share price
-2.52%
Change (1 day)
9.46%
Change (1 year)

P/E ratio for New Jersey Resources (NJR)

P/E ratio as of January 2025 (TTM): 15.4

According to New Jersey Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.4317. At the end of 2022 the company had a P/E ratio of 17.1.

P/E ratio history for New Jersey Resources from 2001 to 2023

2005201020152020202520406080companiesmarketcap.com

PE ratio at the end of each year

Year P/E ratio Change
202217.1-35.63%
202126.544.56%
202018.3-27.64%
201925.323.65%
201820.529.91%
201715.8-40.05%
201626.3-0.27%
201526.4163.68%
201410.0-67.78%
201331.079.37%
201217.313.94%
201115.2-23.56%
201019.9-34.66%
200930.497.82%
200815.4-27.32%
200721.2239.15%
20066.24-87.72%
200550.8202.27%
200416.86.29%
200315.812.51%
200214.0-8.76%
200115.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
88.0 470.41%๐Ÿ‡บ๐Ÿ‡ธ USA
23.3 51.18%๐Ÿ‡บ๐Ÿ‡ธ USA
12.0-22.04%๐Ÿ‡บ๐Ÿ‡ธ USA
22.4 45.38%๐Ÿ‡บ๐Ÿ‡ธ USA
18.7 20.88%๐Ÿ‡บ๐Ÿ‡ธ USA
24.7 59.94%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.