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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Equity-to-Asset 0.26
PNM's Equity-to-Asset is ranked lower than
72% of the 635 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.36 vs. PNM: 0.26 )
Ranked among companies with meaningful Equity-to-Asset only.
PNM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.23  Med: 0.32 Max: 0.37
Current: 0.26
0.23
0.37
Interest Coverage 0.76
PNM's Interest Coverage is ranked lower than
93% of the 615 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 5.22 vs. PNM: 0.76 )
Ranked among companies with meaningful Interest Coverage only.
PNM' s Interest Coverage Range Over the Past 10 Years
Min: 0.76  Med: 1.91 Max: 2.51
Current: 0.76
0.76
2.51
Piotroski F-Score: 4
Altman Z-Score: 0.72
Beneish M-Score: -3.05
WACC vs ROIC
3.69%
1.56%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating Margin % 6.99
PNM's Operating Margin % is ranked lower than
66% of the 640 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 12.73 vs. PNM: 6.99 )
Ranked among companies with meaningful Operating Margin % only.
PNM' s Operating Margin % Range Over the Past 10 Years
Min: -11.73  Med: 13.52 Max: 20.87
Current: 6.99
-11.73
20.87
Net Margin % 0.08
PNM's Net Margin % is ranked lower than
82% of the 640 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.26 vs. PNM: 0.08 )
Ranked among companies with meaningful Net Margin % only.
PNM' s Net Margin % Range Over the Past 10 Years
Min: -13.78  Med: 6.72 Max: 10.4
Current: 0.08
-13.78
10.4
ROE % 0.04
PNM's ROE % is ranked lower than
82% of the 637 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.36 vs. PNM: 0.04 )
Ranked among companies with meaningful ROE % only.
PNM' s ROE % Range Over the Past 10 Years
Min: -16.21  Med: 6.38 Max: 10.95
Current: 0.04
-16.21
10.95
ROA % 0.02
PNM's ROA % is ranked lower than
81% of the 651 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.93 vs. PNM: 0.02 )
Ranked among companies with meaningful ROA % only.
PNM' s ROA % Range Over the Past 10 Years
Min: -4.49  Med: 1.94 Max: 3.39
Current: 0.02
-4.49
3.39
ROC (Joel Greenblatt) % 3.01
PNM's ROC (Joel Greenblatt) % is ranked lower than
83% of the 646 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 10.05 vs. PNM: 3.01 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
PNM' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.22  Med: 6.92 Max: 11.71
Current: 3.01
-8.22
11.71
3-Year Revenue Growth Rate 2.50
PNM's 3-Year Revenue Growth Rate is ranked higher than
55% of the 571 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.80 vs. PNM: 2.50 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
PNM' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -13.5  Med: -1.9 Max: 29.7
Current: 2.5
-13.5
29.7
3-Year EBITDA Growth Rate -8.50
PNM's 3-Year EBITDA Growth Rate is ranked lower than
82% of the 532 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.30 vs. PNM: -8.50 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
PNM' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -14.9  Med: 1.1 Max: 32.3
Current: -8.5
-14.9
32.3
3-Year EPS without NRI Growth Rate -46.60
PNM's 3-Year EPS without NRI Growth Rate is ranked lower than
97% of the 470 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.80 vs. PNM: -46.60 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
PNM' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -46.6  Med: -9.6 Max: 31.2
Current: -46.6
-46.6
31.2
GuruFocus has detected 11 Warning Signs with PNM Resources Inc $PNM.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» PNM's 10-Y Financials

Financials (Next Earnings Date: 2017-02-28)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

PNM Guru Trades in Q1 2016

Joel Greenblatt 183,089 sh (New)
Paul Tudor Jones 6,000 sh (New)
NWQ Managers 849,260 sh (New)
RS Investment Management 703,120 sh (New)
Jim Simons 848,800 sh (+58.33%)
Mario Gabelli 2,608,300 sh (-3.11%)
» More
Q2 2016

PNM Guru Trades in Q2 2016

Steven Cohen 81,600 sh (New)
Paul Tudor Jones Sold Out
Joel Greenblatt Sold Out
NWQ Managers 848,555 sh (-0.08%)
RS Investment Management 696,060 sh (-1.00%)
Mario Gabelli 2,570,400 sh (-1.45%)
Jim Simons 782,000 sh (-7.87%)
» More
Q3 2016

PNM Guru Trades in Q3 2016

NWQ Managers 1,058,144 sh (+24.70%)
Jim Simons 958,200 sh (+22.53%)
Steven Cohen Sold Out
Mario Gabelli 2,549,250 sh (-0.82%)
» More
Q4 2016

PNM Guru Trades in Q4 2016

Jim Simons 1,184,400 sh (+23.61%)
Mario Gabelli 2,533,935 sh (-0.60%)
NWQ Managers 253,489 sh (-76.04%)
» More
» Details

Insider Trades

Latest Guru Trades with PNM

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Business Description

Industry: Utilities - Regulated » Utilities - Regulated Electric    NAICS: 221122    SIC: 4911
Compare:OTCPK:SFDPF, OTCPK:RDEIY, NYSE:ALE, NYSE:PAM, OTCPK:GCPEF, NYSE:HE, OTCPK:EQUEY, NYSE:EE, OTCPK:CPXWF, NYSE:POR, NYSE:EDN, NYSE:IDA, NYSE:EDE, OTCPK:CUPUF, OTCPK:WNDW, NYSE:EOCC, OTCPK:SUME, OTCPK:BLXX, OTCPK:PWVI, OTCPK:RSERF » details
Traded in other countries:98P.Germany,
PNM Resources Inc is an investor-owned holding company with two regulated utilities providing electricity and electric services in New Mexico and Texas. Its electric utilities are PNM and TNMP.

PNM Resources Inc was incorporated in the State of New Mexico in 2000. The Company is an investor-owned holding company of utilities providing electricity and electric services in New Mexico and Texas. The Company's main utilities include PNM and TNMP. PNM is an electric utility company that provides electric generation, transmission, and distribution service to its rate-regulated customers. In New Mexico, PNM's retail electric service territory covers an area of north central New Mexico, including the cities of Albuquerque, Rio Rancho, and Santa Fe, and certain areas of southern New Mexico. PNM also provides electricity to firm-requirements wholesale customers in New Mexico and Arizona. Other services provided by PNM include transmission services to third parties as well as the generation and sale of electricity into the wholesale market. PNM owns or leases transmission lines, interconnected with other utilities in New Mexico, Texas, Arizona, Colorado, and Utah. TNMP is a regulated utility operating in Texas. TNMP provides transmission and distribution services in Texas under the provisions of TECA and the Texas Public Utility Regulatory Act. TNMP serves a market of small to medium sized communities, which have populations of less than 50,000. TNMP's service territory consists of three non-contiguous areas. TNMP provides transmission and distribution services at regulated rates to various REPs that, in turn, provide retail electric service to consumers within TNMP's service area. The Company' faces competition from other utilities in its region as well as rural electric cooperatives and municipal utilities. The Company is subject to numerous federal, state, and local environmental laws and regulations.

Guru Investment Theses on PNM Resources Inc

Mario Gabelli Comments on PNM Resources Inc. - Jun 09, 2016

PNM Resources Inc. (2.6%) (NYSE:PNM) (PNM – $33.72 – NYSE) is a public utility holding company headquartered in Albuquerque, New Mexico. Regulated electric utility subsidiaries include Public Service Company of New Mexico (PSNM) and Texas-New Mexico Power Company (TNMP). PNM expects rate base growth of 5%-7% per annum at both PSNM and TNMP. PNM’s 2016-2019 capital plan totals $1.7 billion, including $547 million in 2016, $425 million in 2017, $398 million in 2018 (excludes $165 million for PV 3) and $352 million in 2019. In late 2015, PNM received final approval of its major environmental plan and ownership changes for the San Juan coal units. Additionally, PSNM refiled an important New Mexico rate case on August 27, 2015. It requested a $123.5 million annual revenue increase, based on a 10.5% allowed ROE using a rate base of $2.5 billion, for the test year October 2015-September 2016. PSNM expects a NMPRC rate order in the third quarter of 2016. In December 2015, the NMPRC agreed to clarify future test year standards begin 13 months after a rate case is filed. We expect BART and other investment to be recognized in the 2018 future test year rate order. We expect the use of a forward-looking test year to provide PSNM greater opportunity to earn its allowed ROE. Assuming fair regulatory treatment, PNM targets 7%-9% annual earnings growth, which includes 2016 earnings guidance of $1.55-$1.76 per share, and 2017 earnings power of $1.94-$2.01 per share.

From Mario Gabelli (Trades, Portfolio)'s Gabelli Utilities Fund first quarter 2016 commentary.

Check out Mario Gabelli latest stock trades

Mario Gabelli Comments on PNM Resources Inc. - Nov 11, 2015

PNM Resources Inc. (NYSE:PNM)(2.2%) (PNM – $28.05 – NYSE) is a public utility holding company headquartered in Albuquerque, New Mexico. Regulated electric utility subsidiaries include Public Service Company of New Mexico (PSNM) and Texas-New Mexico Power Company (TNMP). PNM expects rate base growth of 5%-7% per annum at both PSNM and TNMP. PNM’s 2015-2019 capital plan totals $2.2 billion, including $577 million in 2015, $527 million in 2016, $448 million in 2017, $302 million (excluding $165 million for Palo Verde Unit 3) in 2018, and $382 million in 2019. PNM reached a settlement agreement regarding the final environmental retrofit plan and ownership changes for the San Juan coal units, and is awaiting final approval of that plan from the NMPRC. Additionally, PSNM refiled an important New Mexico rate case on August 27, 2015. It requested a $123.5 million annual revenue increase, based on a 10.5% allowed ROE using a rate base of $2.5 billion, for the test year October 2015-September 2016. Roughly $95 million of higher rates are necessary to recognize roughly $655 million of rate base additions. $31 million of the revenue deficiency is due to forecast load decline, including an 11% decrease in large customers, an 8% decrease in average commercial use, and a 5% decrease in average use among residential customers. In addition, the filing requests structural rate design changes, including higher fixed and demand charges, lower customer subsidies, and a decoupling pilot program. PSNM expects a NMPRC rate order in the third quarter of 2016. TNMP benefits from annual distribution and transmission rate adjustments, as well as well above average sales growth, but may file a general rate request in the near future. Assuming fair regulatory treatment, PNM targets 7%-9% annual earnings growth, which includes a 2016 earnings power of $1.90-$1.97 per share.

From Mario Gabelli (Trades, Portfolio)'s Gabelli Industrials Fund shareholder commentary for third quarter 2015.

Check out Mario Gabelli latest stock trades

Top Ranked Articles about PNM Resources Inc

Mario Gabelli Comments on PNM Resources Inc. Guru stock highlight
PNM Resources Inc. (2.6%) (NYSE:PNM) (PNM – $33.72 – NYSE) is a public utility holding company headquartered in Albuquerque, New Mexico. Regulated electric utility subsidiaries include Public Service Company of New Mexico (PSNM) and Texas-New Mexico Power Company (TNMP). PNM expects rate base growth of 5%-7% per annum at both PSNM and TNMP. PNM’s 2016-2019 capital plan totals $1.7 billion, including $547 million in 2016, $425 million in 2017, $398 million in 2018 (excludes $165 million for PV 3) and $352 million in 2019. In late 2015, PNM received final approval of its major environmental plan and ownership changes for the San Juan coal units. Additionally, PSNM refiled an important New Mexico rate case on August 27, 2015. It requested a $123.5 million annual revenue increase, based on a 10.5% allowed ROE using a rate base of $2.5 billion, for the test year October 2015-September 2016. PSNM expects a NMPRC rate order in the third quarter of 2016. In December 2015, the NMPRC agreed to clarify future test year standards begin 13 months after a rate case is filed. We expect BART and other investment to be recognized in Read more...

Ratios

vs
industry
vs
history
PE Ratio 3565.00
PNM's PE Ratio is ranked lower than
100% of the 581 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.15 vs. PNM: 3565.00 )
Ranked among companies with meaningful PE Ratio only.
PNM' s PE Ratio Range Over the Past 10 Years
Min: 8.21  Med: 19.46 Max: 3565
Current: 3565
8.21
3565
Forward PE Ratio 19.53
PNM's Forward PE Ratio is ranked lower than
66% of the 156 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.42 vs. PNM: 19.53 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 3565.00
PNM's PE Ratio without NRI is ranked lower than
100% of the 540 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.50 vs. PNM: 3565.00 )
Ranked among companies with meaningful PE Ratio without NRI only.
PNM' s PE Ratio without NRI Range Over the Past 10 Years
Min: 8.21  Med: 20.45 Max: 3565
Current: 3565
8.21
3565
PB Ratio 1.68
PNM's PB Ratio is ranked lower than
53% of the 689 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.57 vs. PNM: 1.68 )
Ranked among companies with meaningful PB Ratio only.
PNM' s PB Ratio Range Over the Past 10 Years
Min: 0.32  Med: 1.07 Max: 1.69
Current: 1.68
0.32
1.69
PS Ratio 2.08
PNM's PS Ratio is ranked lower than
57% of the 664 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.67 vs. PNM: 2.08 )
Ranked among companies with meaningful PS Ratio only.
PNM' s PS Ratio Range Over the Past 10 Years
Min: 0.27  Med: 1.07 Max: 2.08
Current: 2.08
0.27
2.08
Price-to-Operating-Cash-Flow 7.68
PNM's Price-to-Operating-Cash-Flow is ranked lower than
54% of the 444 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.08 vs. PNM: 7.68 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
PNM' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 3.56  Med: 6.34 Max: 24.26
Current: 7.68
3.56
24.26
EV-to-EBIT 38.38
PNM's EV-to-EBIT is ranked lower than
92% of the 643 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 13.83 vs. PNM: 38.38 )
Ranked among companies with meaningful EV-to-EBIT only.
PNM' s EV-to-EBIT Range Over the Past 10 Years
Min: -22.2  Med: 13.8 Max: 74.1
Current: 38.38
-22.2
74.1
EV-to-EBITDA 14.64
PNM's EV-to-EBITDA is ranked lower than
77% of the 664 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 9.93 vs. PNM: 14.64 )
Ranked among companies with meaningful EV-to-EBITDA only.
PNM' s EV-to-EBITDA Range Over the Past 10 Years
Min: -35.5  Med: 8.4 Max: 89.4
Current: 14.64
-35.5
89.4
PEG Ratio 444.30
PNM's PEG Ratio is ranked lower than
100% of the 276 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.75 vs. PNM: 444.30 )
Ranked among companies with meaningful PEG Ratio only.
PNM' s PEG Ratio Range Over the Past 10 Years
Min: 0.52  Med: 3.66 Max: 444.3
Current: 444.3
0.52
444.3
Shiller PE Ratio 53.89
PNM's Shiller PE Ratio is ranked lower than
88% of the 201 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 24.03 vs. PNM: 53.89 )
Ranked among companies with meaningful Shiller PE Ratio only.
PNM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 4.96  Med: 21.77 Max: 53.89
Current: 53.89
4.96
53.89
Current Ratio 0.57
PNM's Current Ratio is ranked lower than
85% of the 632 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.09 vs. PNM: 0.57 )
Ranked among companies with meaningful Current Ratio only.
PNM' s Current Ratio Range Over the Past 10 Years
Min: 0.38  Med: 0.95 Max: 2.27
Current: 0.57
0.38
2.27
Quick Ratio 0.47
PNM's Quick Ratio is ranked lower than
87% of the 632 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.00 vs. PNM: 0.47 )
Ranked among companies with meaningful Quick Ratio only.
PNM' s Quick Ratio Range Over the Past 10 Years
Min: 0.36  Med: 0.81 Max: 2.13
Current: 0.47
0.36
2.13
Days Inventory 48.53
PNM's Days Inventory is ranked lower than
74% of the 557 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 22.07 vs. PNM: 48.53 )
Ranked among companies with meaningful Days Inventory only.
PNM' s Days Inventory Range Over the Past 10 Years
Min: 11.09  Med: 20.12 Max: 48.53
Current: 48.53
11.09
48.53
Days Sales Outstanding 24.66
PNM's Days Sales Outstanding is ranked higher than
86% of the 452 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 49.25 vs. PNM: 24.66 )
Ranked among companies with meaningful Days Sales Outstanding only.
PNM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 18.84  Med: 23.44 Max: 25.62
Current: 24.66
18.84
25.62
Days Payable 53.81
PNM's Days Payable is ranked lower than
61% of the 408 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 68.79 vs. PNM: 53.81 )
Ranked among companies with meaningful Days Payable only.
PNM' s Days Payable Range Over the Past 10 Years
Min: 36.49  Med: 48.86 Max: 65.82
Current: 53.81
36.49
65.82

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 2.53
PNM's Dividend Yield % is ranked lower than
68% of the 1044 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.36 vs. PNM: 2.53 )
Ranked among companies with meaningful Dividend Yield % only.
PNM' s Dividend Yield % Range Over the Past 10 Years
Min: 2.38  Med: 2.88 Max: 9.86
Current: 2.53
2.38
9.86
Dividend Payout Ratio 86.00
PNM's Dividend Payout Ratio is ranked lower than
100% of the 571 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.54 vs. PNM: 86.00 )
Ranked among companies with meaningful Dividend Payout Ratio only.
PNM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.26  Med: 0.54 Max: 86
Current: 86
0.26
86
3-Year Dividend Growth Rate 12.60
PNM's 3-Year Dividend Growth Rate is ranked higher than
75% of the 354 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.20 vs. PNM: 12.60 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
PNM' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -18.1  Med: 5.9 Max: 30.5
Current: 12.6
-18.1
30.5
Forward Dividend Yield % 2.72
PNM's Forward Dividend Yield % is ranked lower than
68% of the 1044 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.50 vs. PNM: 2.72 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 4.26
PNM's 5-Year Yield-on-Cost % is ranked higher than
51% of the 1042 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.14 vs. PNM: 4.26 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
PNM' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 4.01  Med: 4.85 Max: 16.61
Current: 4.26
4.01
16.61

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.01
PNM's Price-to-Tangible-Book is ranked lower than
53% of the 624 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.90 vs. PNM: 2.01 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
PNM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.54  Med: 1.14 Max: 2.66
Current: 2.01
0.54
2.66
Price-to-Intrinsic-Value-Projected-FCF 4.51
PNM's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
83% of the 293 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.46 vs. PNM: 4.51 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
PNM' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.34  Med: 1.45 Max: 124.33
Current: 4.51
0.34
124.33
Price-to-Median-PS-Value 1.96
PNM's Price-to-Median-PS-Value is ranked lower than
86% of the 600 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.11 vs. PNM: 1.96 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
PNM' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.33  Med: 0.77 Max: 1.96
Current: 1.96
0.33
1.96
Price-to-Graham-Number 17.83
PNM's Price-to-Graham-Number is ranked lower than
100% of the 497 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.31 vs. PNM: 17.83 )
Ranked among companies with meaningful Price-to-Graham-Number only.
PNM' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.49  Med: 0.92 Max: 17.83
Current: 17.83
0.49
17.83
Earnings Yield (Greenblatt) % 2.59
PNM's Earnings Yield (Greenblatt) % is ranked lower than
80% of the 730 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 6.41 vs. PNM: 2.59 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
PNM' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1.3  Med: 7.2 Max: 13.9
Current: 2.59
1.3
13.9
Forward Rate of Return (Yacktman) % -4.89
PNM's Forward Rate of Return (Yacktman) % is ranked lower than
76% of the 394 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.17 vs. PNM: -4.89 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
PNM' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -30.4  Med: -5 Max: 34.1
Current: -4.89
-30.4
34.1

More Statistics

Revenue (TTM) (Mil) $1,363
EPS (TTM) $ 0.01
Beta0.19
Short Percentage of Float4.00%
52-Week Range $30.62 - 36.15
Shares Outstanding (Mil)79.65

Analyst Estimate

Dec16 Dec17 Dec18 Dec19
Revenue (Mil $) 1,478 1,521 1,570 1,589
EPS ($) 1.58 1.83 2.01 2.10
EPS without NRI ($) 1.58 1.83 2.01 2.10
EPS Growth Rate
(Future 3Y To 5Y Estimate)
5.70%
Dividends per Share ($) 0.88 0.97 1.06 1.16
» More Articles for PNM

Headlines

Articles On GuruFocus.com
Mario Gabelli Comments on PNM Resources Inc. Jun 09 2016 
Mario Gabelli Comments on PNM Resources Inc. Nov 11 2015 
Addendum to: Investing in Western Utility Stocks - Do Today’s Valuations Make Sense? Part 2 Jul 31 2012 
Investing in Western Utility Stocks - Do Today’s Valuations Make Sense? Part 2 Jul 31 2012 
The Best Dividends on March 30, 2012 Mar 29 2012 
Weekly Guru Bargains Highlights: CIT Group Inc., AutoNation Inc., Allied Capital Corp., Liz Claiborn Jul 07 2008 

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PNM Resources Management to Meet with Investors Jan 12 2017
PNM Resources downgraded by Jefferies Jan 05 2017
PNM Resources, Inc. : PNM-US: Dividend Analysis : October 31st, 2016 (record date) : By the numbers... Dec 23 2016
3 Reasons Value Stock Investors Will Love PNM Resources; (PNM) Dec 22 2016
PNM RESOURCES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a... Dec 21 2016
PNM Resources' Management Reviews 2017 Ongoing Earnings Guidance Dec 14 2016
PNM Resources Board Increases Dividend Payment, Declares Quarterly Common Stock Dividend Dec 13 2016
PNM Declares Preferred Dividend Dec 13 2016
PNM Resources, Inc. – Value Analysis (NYSE:PNM) : December 12, 2016 Dec 12 2016
PNM Resources, Inc. breached its 50 day moving average in a Bullish Manner : PNM-US : December 9,... Dec 09 2016
PNM Resources' New Mexico Affiliate Files for Rate Increase Dec 08 2016
Hedge Funds Are Betting On PNM Resources Inc (PNM) Dec 08 2016
Here's how much your PNM bill might go up in 2018 Dec 07 2016
PNM Files 2018 General Rate Case Dec 07 2016
PNM Resources to Announce 2017 Ongoing Earnings Guidance Dec. 14 Nov 30 2016
Should You Buy Molina Healthcare, Inc. (MOH)? Nov 26 2016

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