New Jersey Resources Corp (NJR) valuation
New Jersey Resources P/E ratio history
New Jersey Resources trades at 14.7 times its earnings over the last twelve months and 15.5 times the earnings analysts expect over the next twelve. At its last 10 fiscal year ends its P/E ranged from 13.6 (year to Sep 2022) to 32.8 (year to Sep 2019), with a median of 16.7.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Sep 30, 2025 | $48.15 | $3.33 | 14.5 | 15.4 |
| Sep 30, 2024 | $47.20 | $2.92 | 16.2 | 16.3 |
| Sep 30, 2023 | $40.63 | $2.71 | 15.0 | — |
| Sep 30, 2022 | $38.70 | $2.85 | 13.6 | 16.1 |
| Sep 30, 2021 | $34.81 | $1.22 | 28.5 | 15.7 |
| Sep 30, 2020 | $27.02 | $1.73 | 15.6 | — |
| Sep 30, 2019 | $45.22 | $1.38 | 32.8 | — |
| Sep 30, 2018 | $46.10 | $2.67 | 17.3 | — |
| Sep 30, 2017 | $42.15 | $1.52 | 27.7 | — |
| Sep 30, 2016 | $32.86 | $1.51 | 21.8 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
New Jersey Resources valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| New Jersey ResourcesNJR | $5.37B | 14.7 | 15.5 | 2.4 |
| Ormat TechORA | $5.51B | 44.0 | 34.2 | 4.6 |
| Portland General ElectricPOR | $5.22B | 19.1 | 12.7 | 1.5 |
| SpireSR | $5.20B | 9.8 | 17.2 | 2.1 |
| One GasOGS | $4.93B | 16.9 | 15.8 | 2.1 |
| Northwestern Energy GroupNWE | $4.91B | 28.8 | 20.7 | 2.9 |
| Black HillsBKH | $6.24B | 20.7 | 18.3 | 2.7 |
| Txnm EnergyTXNM | $6.46B | 41.4 | 19.1 | 2.9 |
| OkloOKLO | $4.39B | — | — | — |
| Peer median | 20.7 | 18.3 | 2.7 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: NJR financials · NJR returns
No forecast, no recommendation. This page describes New Jersey Resources Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.