New Jersey Resources
NJR
#2912
Rank
$4.09 B
Marketcap
$41.61
Share price
0.65%
Change (1 day)
-18.46%
Change (1 year)

P/E ratio for New Jersey Resources (NJR)

P/E ratio as of February 2024 (TTM): 14.1

According to New Jersey Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.1092. 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
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
21.6 53.36%๐Ÿ‡บ๐Ÿ‡ธ USA
16.0 13.10%๐Ÿ‡บ๐Ÿ‡ธ USA
13.6-3.46%๐Ÿ‡บ๐Ÿ‡ธ USA
20.2 43.38%๐Ÿ‡บ๐Ÿ‡ธ USA
88.0 523.88%๐Ÿ‡บ๐Ÿ‡ธ USA
9.38-33.49%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.