P/E ratio for New Jersey Resources (NJR)
P/E ratio as of March 2023 (TTM): 15.0
According to New Jersey Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.9886. 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 |
|---|---|---|
| 2021 | 26.5 | 44.56% |
| 2020 | 18.3 | -21.47% |
| 2019 | 23.3 | 13.94% |
| 2018 | 20.5 | |
| 2013 | 31.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 CenterPoint Energy
CNP | 17.0 | 13.28% | 🇺🇸 USA |
 NiSource
NI | 19.7 | 31.64% | 🇺🇸 USA |
 Oneok OKE | 16.7 | 11.37% | 🇺🇸 USA |
 Chesapeake Utilities
CPK | 25.3 | 68.89% | 🇺🇸 USA |
 South Jersey Industries
SJI | 88.0 | 487.28% | 🇺🇸 USA |
 National Fuel Gas
NFG | 8.87 | -40.82% | 🇺🇸 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.