New Jersey Resources Corporation (NJR) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Regulated Gas
EV/EBITDA
↓
14.99
+7% vs avg
5yr avg: 14.05
30Y Low4.8·High42.1
P/FCF
N/A
—
5yr avg: N/A
30Y Low8.8·High137.0
P/B Ratio
↓
2.34
+14% vs avg
5yr avg: 2.05
30Y Low1.6·High3.0
ROE
↑
14.6%
↓+12% vs avg
5yr avg: 13.1%
30Y Low4%·High42%
Debt/EBITDA
↓
6.03
↓-4% vs avg
5yr avg: 6.30
30Y Low1.5·High12.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NJR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
New Jersey Resources Corporation trades at 16.7x earnings, roughly in line with its 5-year average of 17.5x, sitting at the 60th percentile of its historical range. Compared to the Utilities sector median P/E of 19.5x, the stock trades at a discount of 15%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.6B | $4.9B | $4.7B | $4.0B | $3.7B | $3.4B | $2.6B | $4.1B | $4.1B | $3.7B | $2.8B |
| Enterprise Value | $9.4B | $8.6B | $8.2B | $7.2B | $6.8B | $6.0B | $4.9B | $5.6B | $5.5B | $5.1B | $4.0B |
| P/E Ratio → | 16.67 | 14.46 | 16.16 | 14.99 | 13.58 | 28.53 | 15.80 | 23.93 | 17.46 | 27.73 | 21.62 |
| P/S Ratio | 2.76 | 2.39 | 2.63 | 2.06 | 1.28 | 1.58 | 1.32 | 1.56 | 1.39 | 1.63 | 1.54 |
| P/B Ratio | 2.34 | 2.03 | 2.13 | 1.99 | 2.05 | 2.06 | 1.56 | 2.61 | 2.87 | 2.97 | 2.44 |
| P/FCF | — | — | — | — | — | — | — | — | 200.14 | — | — |
| P/OCF | 12.01 | 10.41 | 10.96 | 8.28 | 11.54 | 8.60 | 12.04 | 21.40 | 10.22 | 14.81 | 19.98 |
P/E links to full P/E history page with 30-year chart
NJR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
New Jersey Resources Corporation's enterprise value stands at 15.0x EBITDA, 7% above its 5-year average of 14.1x. The Utilities sector median is 12.0x, placing the stock at a 25% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.24 | 4.59 | 3.75 | 2.32 | 2.84 | 2.51 | 2.14 | 1.87 | 2.25 | 2.17 |
| EV / EBITDA | 14.99 | 13.79 | 13.58 | 15.90 | 12.65 | 14.33 | 16.90 | 21.23 | 16.15 | 20.93 | 19.20 |
| EV / EBIT | 21.48 | 15.51 | 16.40 | 16.48 | 15.83 | 19.31 | 19.37 | 33.70 | 25.66 | 27.72 | 22.50 |
| EV / FCF | — | — | — | — | — | — | — | — | 269.01 | — | — |
NJR Profitability
Margins and return-on-capital ratios measuring operating efficiency
New Jersey Resources Corporation earns an operating margin of 21.4%, roughly in line with the Utilities sector average. Operating margins have expanded from 15.5% to 21.4% over the past 3 years, signaling improving operational efficiency. ROE of 14.6% is modest. ROIC of 5.5% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.4% | 21.4% | 24.5% | 15.5% | 13.6% | 14.2% | 8.8% | 6.6% | 9.8% | 9.3% | 9.5% |
| Operating Margin | 21.4% | 21.4% | 24.5% | 15.5% | 13.6% | 14.2% | 8.8% | 6.2% | 8.0% | 7.1% | 7.3% |
| Net Profit Margin | 16.5% | 16.5% | 16.2% | 13.7% | 9.4% | 5.5% | 8.3% | 6.5% | 8.0% | 5.8% | 7.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.6% | 14.6% | 13.8% | 13.9% | 15.9% | 7.2% | 10.2% | 11.4% | 17.6% | 11.0% | 11.6% |
| ROA | 4.6% | 4.6% | 4.3% | 4.1% | 4.6% | 2.1% | 3.4% | 4.0% | 5.8% | 3.5% | 3.7% |
| ROIC | 5.5% | 5.5% | 6.0% | 4.4% | 6.5% | 5.5% | 3.7% | 4.1% | 6.4% | 4.8% | 4.7% |
| ROCE | 6.8% | 6.8% | 7.4% | 5.5% | 8.1% | 6.4% | 4.0% | 4.4% | 7.2% | 5.1% | 4.5% |
NJR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
New Jersey Resources Corporation carries a Debt/EBITDA ratio of 6.0x, which is highly leveraged (18% above the sector average of 5.1x). Net debt stands at $3.8B ($3.8B total debt minus $10M cash). Interest coverage of 4.3x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.58 | 1.58 | 1.60 | 1.65 | 1.72 | 1.69 | 1.53 | 1.02 | 1.03 | 1.16 | 1.07 |
| Debt / EBITDA | 6.03 | 6.03 | 5.84 | 7.23 | 5.85 | 6.54 | 8.68 | 6.05 | 4.30 | 5.89 | 5.98 |
| Net Debt / Equity | — | 1.57 | 1.60 | 1.64 | 1.67 | 1.64 | 1.42 | 0.97 | 0.99 | 1.13 | 0.99 |
| Net Debt / EBITDA | 6.02 | 6.02 | 5.82 | 7.18 | 5.67 | 6.36 | 8.03 | 5.76 | 4.13 | 5.78 | 5.53 |
| Debt / FCF | — | — | — | — | — | — | — | — | 68.87 | — | — |
| Interest Coverage | 4.32 | 4.32 | 3.84 | 3.57 | 4.98 | 3.98 | 3.74 | 3.50 | 4.61 | 4.08 | 5.73 |
NJR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.73x is below 1.0, meaning current liabilities exceed current assets. The quick ratio of 0.40x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 0.66x to 0.73x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.73 | 0.73 | 0.62 | 0.66 | 0.68 | 0.60 | 1.17 | 1.15 | 1.03 | 0.72 | 1.06 |
| Quick Ratio | 0.40 | 0.40 | 0.36 | 0.38 | 0.42 | 0.40 | 0.81 | 0.73 | 0.76 | 0.46 | 0.68 |
| Cash Ratio | 0.01 | 0.01 | 0.02 | 0.03 | 0.09 | 0.07 | 0.35 | 0.17 | 0.07 | 0.03 | 0.15 |
| Asset Turnover | — | 0.27 | 0.26 | 0.30 | 0.47 | 0.37 | 0.37 | 0.59 | 0.71 | 0.58 | 0.50 |
| Inventory Turnover | 6.16 | 6.16 | 5.67 | 7.19 | 8.56 | 8.56 | 9.47 | 13.17 | 13.29 | 9.58 | 7.70 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
NJR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
New Jersey Resources Corporation returns 3.2% to shareholders annually primarily through dividends. A payout ratio of 53.7% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 6.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.2% | 3.7% | 3.5% | 3.8% | 3.4% | 3.5% | 4.6% | 2.6% | 2.4% | 2.4% | 2.9% |
| Payout Ratio | 53.7% | 53.7% | 57.0% | 57.0% | 46.5% | 99.2% | 72.3% | 61.4% | 41.1% | 66.6% | 62.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.0% | 6.9% | 6.2% | 6.7% | 7.4% | 3.5% | 6.3% | 4.2% | 5.7% | 3.6% | 4.6% |
| FCF Yield | — | — | — | — | — | — | — | — | 0.5% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% |
| Total Shareholder Yield | 3.2% | 3.7% | 3.5% | 3.8% | 3.4% | 4.3% | 4.6% | 2.6% | 2.4% | 2.6% | 2.9% |
| Shares Outstanding | — | $101M | $99M | $98M | $96M | $97M | $95M | $90M | $88M | $87M | $87M |
Peer Comparison
Compare NJR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 NJRYou | $6B | 16.7 | 15.0 | — | 21.4% | 21.4% | 14.6% | 5.5% | 6.0 |
 SR | $5B | 19.6 | 12.5 | — | 78.1% | 21.2% | 8.2% | 4.7% | 6.4 |
 NWN | $2B | 18.1 | 7.9 | — | 39.6% | 31.4% | 7.9% | 8.1% | 4.5 |
 RGCO | $246M | 18.3 | 13.1 | 29.9 | 34.5% | 19.4% | 12.0% | 5.4% | 5.0 |
 NFG | $8B | 14.1 | 8.2 | 40.7 | 66.1% | 35.7% | 17.4% | 10.6% | 2.2 |
 ATO | $30B | 24.4 | 17.1 | — | 52.4% | 33.2% | 9.3% | 5.5% | 4.1 |
 NI | $23B | 24.1 | 12.9 | — | 58.6% | 27.6% | 8.3% | 5.3% | 5.4 |
 CNP | $28B | 26.4 | 14.1 | — | 28.7% | 22.6% | 9.6% | 4.8% | 6.5 |
 UGI | $7B | 10.5 | 8.5 | 17.8 | 49.9% | 15.2% | 14.8% | 7.1% | 4.5 |
 SWX | $7B | 14.9 | 11.8 | — | 29.3% | 24.4% | 11.5% | 4.7% | 4.4 |
 KMI | $70B | 23.0 | 14.1 | 21.8 | 43.7% | 28.4% | 9.5% | 5.6% | 4.5 |
| Utilities Median | — | 19.5 | 12.0 | 16.2 | 39.6% | 19.8% | 9.3% | 4.8% | 5.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonNJR — Frequently Asked Questions
Quick answers to the most common questions about buying NJR stock.
What is New Jersey Resources Corporation's P/E ratio?
New Jersey Resources Corporation's current P/E ratio is 16.7x. The historical average is 18.3x. This places it at the 60th percentile of its historical range.
What is New Jersey Resources Corporation's EV/EBITDA?
New Jersey Resources Corporation's current EV/EBITDA is 15.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.9x.
What is New Jersey Resources Corporation's ROE?
New Jersey Resources Corporation's return on equity (ROE) is 14.6%. The historical average is 14.7%.
Is NJR stock overvalued?
Based on historical data, New Jersey Resources Corporation is trading at a P/E of 16.7x. This is at the 60th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is New Jersey Resources Corporation's dividend yield?
New Jersey Resources Corporation's current dividend yield is 3.22% with a payout ratio of 53.7%.
What are New Jersey Resources Corporation's profit margins?
New Jersey Resources Corporation has 21.4% gross margin and 21.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does New Jersey Resources Corporation have?
New Jersey Resources Corporation's Debt/EBITDA ratio is 6.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.