NewJersey Resources Corporation (NJR) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of NewJersey Resources Corporation $37.04, price $52.22, upside -29.1%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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NewJersey Resources Corporation
NJR · USWeak valuationQuality is weak on top of the rich price.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $29.16 – $60.05 · fair‑value band $23.46 – $61.86 · the $52.22 price screens above the $37.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Company profile
New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation.
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New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to residential and commercial customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, Indiana, and Pennsylvania. The Energy Services segment maintains and transacts natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services. The Storage and Transportation segment invests in energy-related ventures. It provides home services and other operations, such as heating, ventilation, and cooling services; sales and installation of appliances; electrical and generator service and installations; and plumbing repair and installation services, as well as holds commercial real estate properties. The company also offers shared administrative and financial services; and natural gas storage and transmission assets services. New Jersey Resources Corporation was founded in 1922 and is headquartered in Wall, New Jersey.
Stock analysis
NewJersey Resources Corporation (NJR) currently trades at $52.22, while our model-based Fair Value estimate is $37.04, implying the stock looks roughly 41.0% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $52.05 per share, and 2 of the 16 models we run sit above the $52.22 price.
Bear case: the Asset-Based group reads lowest at $15.88, and 14 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: $23.46 (bear) to $61.86 (bull), the price of $52.22 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Utilities sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
NewJersey Resources Corporation reported revenue of $2.0B in FY2025 versus $2.1B in FY2021, a compound −1.1%/yr. Reported net income was $336M in FY2025, compounding +29.9%/yr from FY2021.
Key figures
Market cap $5.9B · P/E ratio 15.5 · P/S ratio 2.56 · EPS (TTM) $3.37 · Dividend yield 3.6% · Net margin 16.5% · Return on equity 13.3% · Return on assets (EBIT) 5.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −11% fair-value upside, at −29%, NJR screens richer than that median.
Fair Value models
All 16 models by family
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Set up alert →Quality Score breakdown
Of which business quality 39 · Market factors (momentum, volatility) 61
Revenue & earnings trend
NJR screens 41% overvalued. Compare with Naturgy Energy Group →
Recent news
- New Jersey Resources (NJR) Stock May Still Be A Bargain Following Dividend News
- New Jersey Resources (NJR) Turns Last Year’s Loss Into A Guidance Raise
- NewJersey Resources Q3 Earnings Call Highlights
Compare NewJersey Resources Corporation with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Regulated Gas · 107 stocks
Valuation Multiplesvs Utilities - Regulated Gas median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Utilities sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Utilities
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Regulated Gas stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Naturgy Energy Group NTGY | €29.48 | €32.79 | +11% |
| Atmos Energy Corporation ATO | $157.34 | $77.92 | −50% |
| NiSource Inc NI | $39.88 | $19.90 | −50% |
| Uniper SE UN0 | €48.45 | €45.97 | −5% |
| The Hong Kong and China Gas Company 0003 | HK$7.12 | HK$4.79 | −33% |
| GAIL (India) Limited GAIL | ₹172.95 | ₹132.19 | −24% |
| Italgas S.p.A IG | €8.43 | €9.27 | +10% |
| ENN Natural Gas Co 600803 | ¥18.58 | ¥61.20 | +229% |
| UGI Corporation UGI | $36.85 | $32.82 | −11% |
| Southwest Gas Holdings SWX | $83.49 | $57.83 | −31% |
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Key figures of NewJersey Resources Corporation
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