NewJersey Resources Corporation (NJR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of NewJersey Resources Corporation stock $37.16, price $54.34, that is 31.6% below the price, quality 42 out of 100. Rating: overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
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NewJersey Resources Corporation
NJR · USOur calculation puts a fair price 32% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $28.88 – $59.48 · fair‑value band $23.37 – $52.79 · the $54.34 price screens above the $37.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 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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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 $54.34, while our model-based Fair Value estimate is $37.16, 32% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $51.77 per share, and 2 of the 16 models we run sit above the $54.34 price.
Bear case: the Asset-Based group reads lowest at $15.72, and 14 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: $23.37 (bear) to $52.79 (bull), the price of $54.34 sits above 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 $5.5B Mid · P/E ratio 15.1 · P/S ratio 2.48 · EPS (TTM) $3.61 · Dividend yield 3.5% · Net margin 16.4% · Return on equity 14.5% · Return on assets (EBIT) 5.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 27% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −21% fair-value upside, at −32%, NJR screens richer than that median.
Fair Value models
All 16 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 2 officers or directors sold shares worth $400,351 and none bought.
- SalePatrick J. MigliaccioSenior VP and COO, NJNG3× since Dec 23, 2025: 10,017 shares, avg. $52.02$521,040Aug 14, 2026
- SaleChristopher T. D'AntuonoCorporate Controller and PAO1,150 shares at $57.34$65,941May 22, 2026
- SaleJane M KennyDirector8,000 shares at $56.10$448,800May 8, 2026
- SaleRichard ReichSVP and Gen Counsel5,449 shares at $52.99$288,743Mar 19, 202610b5-1 plan
- SaleRoberto BelSVP and CFO6,105 shares at $55.10$336,386Mar 16, 202610b5-1 plan
Plus 8 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
NJR screens overvalued: fair value 32% below the price. Compare with Naturgy Energy Group →
Earlier news
- Why New Jersey Resources (NJR) is Poised to Beat Earnings Estimates Again
- New Jersey Resources (NJR) Stock May Still Be A Bargain Following Dividend News
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)
- Revenue growth by industry
- PEG ratio by industry
- Piotroski F-Score screener with fair value
- 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 | Compare |
|---|---|---|---|---|
| ENN Natural Gas Co 600803 | ¥21.31 | ¥24.00 | +13% | vs NJR |
| Italgas S.p.A IG | €9.12 | €10.07 | +10% | vs NJR |
| Uniper SE UN0 | €44.00 | €45.97 | +4% | vs NJR |
| Naturgy Energy Group NTGY | €29.54 | €30.62 | +4% | vs NJR |
| UGI Corporation UGI | $37.04 | $29.40 | −21% | vs NJR |
| The Hong Kong and China Gas Company 0003 | HK$7.40 | HK$4.93 | −33% | vs NJR |
| GAIL (India) Limited GAIL | ₹185.79 | ₹116.94 | −37% | vs NJR |
| Snam S.p.A SRG | €6.20 | €3.65 | −41% | vs NJR |
| NiSource Inc NI | $44.15 | $19.87 | −55% | vs NJR |
| Atmos Energy Corporation ATO | $173.22 | $77.35 | −55% | vs NJR |
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Key figures of NewJersey Resources Corporation
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