P/E ratio for New Jersey Resources (NJR)
P/E ratio as of April 2024 (TTM): 14.4
According to New Jersey Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.3993. 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
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.1 | -35.63% |
| 2021 | 26.5 | 44.56% |
| 2020 | 18.3 | -27.64% |
| 2019 | 25.3 | 23.65% |
| 2018 | 20.5 | 29.91% |
| 2017 | 15.8 | -40.05% |
| 2016 | 26.3 | -0.27% |
| 2015 | 26.4 | 163.68% |
| 2014 | 10.0 | -67.78% |
| 2013 | 31.0 | 79.37% |
| 2012 | 17.3 | 13.94% |
| 2011 | 15.2 | -23.56% |
| 2010 | 19.9 | -34.66% |
| 2009 | 30.4 | 97.82% |
| 2008 | 15.4 | -27.32% |
| 2007 | 21.2 | 239.15% |
| 2006 | 6.24 | -87.72% |
| 2005 | 50.8 | 202.27% |
| 2004 | 16.8 | 6.29% |
| 2003 | 15.8 | 12.51% |
| 2002 | 14.0 | -8.76% |
| 2001 | 15.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 CenterPoint Energy
CNP | 22.0 | 52.84% | 🇺🇸 USA |
 NiSource
NI | 16.9 | 17.46% | 🇺🇸 USA |
 Oneok OKE | 14.3 | -0.94% | 🇺🇸 USA |
 Chesapeake Utilities
CPK | 20.6 | 43.24% | 🇺🇸 USA |
 South Jersey Industries
SJI | 88.0 | 511.31% | 🇺🇸 USA |
 National Fuel Gas
NFG | 10.0 | -30.40% | 🇺🇸 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.