New Jersey Resources's quarterly market cap
declined
from Jun. 2023 ($4,602 Mil) to Sep. 2023 ($3,965 Mil) but then
increased
from Sep. 2023 ($3,965 Mil) to Dec. 2023 ($4,378 Mil).
New Jersey Resources's annual market cap
increased
from Sep. 2021 ($3,332 Mil) to Sep. 2022 ($3,725 Mil) and
increased
from Sep. 2022 ($3,725 Mil) to Sep. 2023 ($3,965 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. New Jersey Resources's Enterprise Value for Today is $7,639 Mil.
New Jersey Resources Market Cap Historical Data
The historical data trend for New Jersey Resources's Market Cap 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.
Competitive Comparison of New Jersey Resources's Market Cap
For the Utilities - Regulated Gas subindustry, New Jersey Resources's Market Cap, along with its competitors' market caps and Market Cap 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's Market Cap Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, New Jersey Resources's Market Cap distribution charts can be found below:
* The bar in red indicates where New Jersey Resources's Market Cap falls into.
New Jersey Resources Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
New Jersey Resources's Market Cap for the fiscal year that ended in Sep. 2023 is calculated as
* 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) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
New Jersey Resources Market Cap Related Terms
Thank you for viewing the detailed overview of New Jersey Resources's Market Cap 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NJR has been successfully added to your 