This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. New Jersey Resources's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $17.425. New Jersey Resources's 10-Year median PS Ratio is 1.5237. Therefore, the Median PS Value for today is $26.55.
As of today (2024-04-23), New Jersey Resources's share price is $43.44. New Jersey Resources's Median PS Value is $26.55. Therefore, New Jersey Resources's Price to Median PS Value for today is 1.64.
The historical rank and industry rank for New Jersey Resources's Median PS Value or its related term are showing as below:
NJR'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.89 Med: 1.68 Max: 2.89
Current: 1.64
During the past 13 years, the highest Price to Median PS Value of New Jersey Resources was 2.89. The lowest was 0.89. And the median was 1.68.
NJR's Price-to-Median-PS-Value is ranked worse than 84.21% of 361
companies
in the Utilities - Regulated industry
Industry Median: 0.83
vs NJR: 1.64
New Jersey Resources Median PS Value Historical Data
The historical data trend for New Jersey Resources's Median PS Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Regulated Gas subindustry, New Jersey Resources's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
New Jersey Resources Price-to-Median-PS-Value Distribution
For the Utilities - Regulated industry and Utilities sector, New Jersey Resources's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where New Jersey Resources's Price-to-Median-PS-Value falls into.
New Jersey Resources Median PS Value Calculation
New Jersey Resources's Median PS Value for today is calculated as
10-Year Median PS Ratio is 1.5237.
New Jersey Resources's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $17.425.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
New Jersey Resources (NYSE:NJR) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
New Jersey Resources's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
43.44
/
26.55
=
1.64
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
New Jersey Resources Median PS Value Related Terms
Thank you for viewing the detailed overview of New Jersey Resources's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
New Jersey Resources (New Jersey Resources) Business Description
New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to more than 575,000 customers in the state. NJR's nonregulated businesses include solar investments primarily in New Jersey and investments in several large midstream natural gas projects.
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