New Jersey Resources
NJR
#2523
Rank
$4.47 B
Marketcap
$46.50
Share price
2.18%
Change (1 day)
20.50%
Change (1 year)

P/E ratio for New Jersey Resources (NJR)

P/E ratio as of August 2022 (TTM): 47.0

According to New Jersey Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 46.9697. At the end of 2021 the company had a P/E ratio of 26.5.

P/E ratio history for New Jersey Resources from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202126.544.56%
202018.3-21.47%
201923.313.94%
201820.5
201331.0

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.