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NEW JERSEY RESOURCES CORP NJR

NYSE · stock · Natural Gas Distribution · website · IPO 1980-03-17 · LEI

NEW JERSEY RESOURCES CORP statistics & valuation

Market cap$5.8B
P / E17.3×
P / S4.3×
P / B2.4×
Dividend yield3.10%
Net margin24.8%
Return on equity14.0%
Return on capital7.5%
Graham number -23.8%$42.17

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($42.17); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
15.80% 19.60% 13.80% 22.90% 23.80% 23.60% 24.80% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
21.00% 27.50% 33.80% 33.90% 36.60% 37.20% 37.70% 2016201720182019202020212022202320242025
Return on equity (%)
11.30% 10.70% 18.00% 9.00% 9.90% 7.20% 15.10% 13.30% 13.20% 14.00% 2016201720182019202020212022202320242025
Shares outstanding
86.7M 87.1M 88.3M 90.0M 95.9M 96.6M 96.5M 97.6M 99.5M 100.8M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.50% 3.40% 5.60% 3.00% 3.10% 2.10% 4.40% 4.00% 4.20% 4.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-13.50% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$1.52 $1.52 $2.64 $1.38 $1.71 $1.22 $2.85 $2.71 $2.92 $3.33 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

NEW JERSEY RESOURCES CORP trades at about 16.6× earnings — near its 10-year norm (10-year range 13.3×–31.6×, median 17.1×).

13.3× 31.6×

Shaded band = 10-year range (13.3×–31.6×); dot = today's 16.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin37.7%37.2%36.6%33.9%33.8%27.5%21.0%———
Net margin24.8%23.6%23.8%22.9%13.8%19.6%15.8%———
FCF margin——————-13.5%———
Return on assets4.4%4.2%4.0%4.4%2.1%3.1%3.0%5.6%3.4%3.5%
Return on equity14.0%13.2%13.3%15.1%7.2%9.9%9.0%18.0%10.7%11.3%
Current ratio0.730.620.660.680.601.171.151.030.721.06

Computed from company filings · US · as of 2025-09-30. Facts plus Stocktoria's own computed scores — not investment advice.