P/E ratio for New Jersey Resources (NJR)

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

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
South Jersey Industries SJI	88.0	428.61%	🇺🇸 USA
Chesapeake Utilities CPK	26.0	55.90%	🇺🇸 USA
National Fuel Gas NFG	11.9	-28.64%	🇺🇸 USA
NiSource NI	23.0	38.27%	🇺🇸 USA
Oneok OKE	20.7	24.46%	🇺🇸 USA
CenterPoint Energy CNP	24.9	49.28%	🇺🇸 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.