The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-24), New Jersey Resources's share price is $43.70. New Jersey Resources's Book Value per Share for the quarter that ended in Dec. 2023 was $21.04. Hence, New Jersey Resources's PB Ratio of today is 2.08.
Good Sign:
New Jersey Resources Corp stock PB Ratio (=2.06) is close to 3-year low of 1.94
The historical rank and industry rank for New Jersey Resources's PB Ratio or its related term are showing as below:
NJR'
s PB Ratio Range Over the Past 10 Years
Min: 1.39 Med: 2.38 Max: 3.13
Current: 2.08
During the past 13 years, New Jersey Resources's highest PB Ratio was 3.13. The lowest was 1.39. And the median was 2.38.
NJR's PB Ratio is ranked worse than 71.88% of 512
companies
in the Utilities - Regulated industry
Industry Median: 1.4
vs NJR: 2.08
During the past 12 months, New Jersey Resources's average Book Value Per Share Growth Rate was 5.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of New Jersey Resources was 17.70% per year. The lowest was 1.70% per year. And the median was 6.50% per year.
Back to Basics: PB Ratio
New Jersey Resources PB Ratio Historical Data
The historical data trend for New Jersey Resources's PB Ratio 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 PB Ratio
For the Utilities - Regulated Gas subindustry, New Jersey Resources's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, New Jersey Resources's PB Ratio distribution charts can be found below:
* The bar in red indicates where New Jersey Resources's PB Ratio falls into.
New Jersey Resources PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
New Jersey Resources's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
New Jersey Resources (NYSE:NJR) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
New Jersey Resources PB Ratio Related Terms
Thank you for viewing the detailed overview of New Jersey Resources's PB Ratio 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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