New Jersey Resources Corporation (NJR) P/E Ratio History
Historical price-to-earnings valuation from 1995 to 2026
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NJR Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, New Jersey Resources Corporation (NJR) trades at a price-to-earnings ratio of 16.7x, with a stock price of $55.52 and trailing twelve-month earnings per share of $3.36.
The current P/E is 11% below its 5-year average of 18.8x. Over the past five years, NJR's P/E has ranged from a low of 10.9x to a high of 46.4x, placing the current valuation at the 50th percentile of its historical range.
Compared to the Utilities sector median P/E of 19.5x, NJR is roughly in line with its sector peers. The sector includes 108 companies with P/E ratios ranging from 0.1x to 174.1x.
The PEG ratio of 1.17 (P/E divided by 14% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, NJR trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our NJR DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
NJR P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $5B | 19.6 | 0.79 | +4% | |
| $2B | 18.1 | 5.01 | +36% | |
| $246M | 18.3 | - | +11% | |
| $8B | 14.1 | - | +576%Best | |
| $30B | 24.4 | 2.77 | +9% | |
| $23B | 24.1 | - | +20% | |
| $28B | 26.4 | - | +1% | |
| $7B | 10.5Lowest | 2.56 | +147% | |
| $7B | 14.9 | 1.87 | +120% | |
| $70B | 23.0 | 0.24Best | +17% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
NJR Historical P/E Data (1995–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | $54.92 | $3.37 | 16.3x | -8% | |
| FY2026 Q1 | Wed Dec 31 2025 00:00:00 GM | $46.12 | $3.23 | 14.3x | -20% |
| FY2025 Q4 | $48.15 | $3.33 | 14.5x | -19% | |
| FY2025 Q3 | Mon Jun 30 2025 00:00:00 GM | $44.82 | $4.10 | 10.9x | -38% |
| FY2025 Q2 | Mon Mar 31 2025 00:00:00 GM | $49.06 | $4.13 | 11.9x | -33% |
| FY2025 Q1 | $46.65 | $3.33 | 14.0x | -21% | |
| FY2024 Q4 | Mon Sep 30 2024 00:00:00 GM | $47.20 | $2.93 | 16.1x | -9% |
| FY2024 Q3 | Sun Jun 30 2024 00:00:00 GM | $42.74 | $2.39 | 17.9x | +1% |
| FY2024 Q2 | Sun Mar 31 2024 00:00:00 GM | $42.91 | $2.53 | 17.0x | -4% |
| FY2024 Q1 | Sun Dec 31 2023 00:00:00 GM | $44.58 | $2.44 | 18.3x | +3% |
| FY2023 Q4 | Sat Sep 30 2023 00:00:00 GM | $40.63 | $2.72 | 15.0x | -16% |
| FY2023 Q3 | Fri Jun 30 2023 00:00:00 GM | $47.20 | $2.90 | 16.3x | -8% |
Average P/E for displayed period: 17.8x
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Start ComparisonNJR — Frequently Asked Questions
Quick answers to the most common questions about buying NJR stock.
Is NJR stock overvalued or undervalued?
NJR trades at 16.7x P/E, near its 5-year average of 18.8x. The 50th percentile ranking places valuation within normal historical bounds.
How does NJR's valuation compare to peers?
New Jersey Resources Corporation P/E of 16.7x compares to sector median of 19.5x. The discount suggests lower growth expectations or higher risk.
What is NJR's PEG ratio?
NJR PEG ratio is 1.17. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1995-2026.