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New Jersey ResourcesNJR -2.41%73 Return-on-Tangible-Asset is 0.49% as of Jun. 2026, which is 88% below its 10-year median of 3.95. GuruFocus rates NJR with a GF Score™ of 73/100 and a GF Value™ of $53.96 (Fairly Valued). The stock has 8 warning signs investors should review. Among 507 Utilities - Regulated companies, New Jersey Resources ranks better than 63.31% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. New Jersey Resources's annualizedNet Income for the quarter that ended in Jun. 2026 was $39 Mil. New Jersey Resources's average total tangible assets for the quarter that ended in Jun. 2026 was $7,973 Mil. Therefore, New Jersey Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 0.49%.
The historical rank and industry rank for New Jersey Resources's Return-on-Tangible-Asset or its related term are showing as below:
NJR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.14 Med: 3.95 Max: 5.83
Current: 4.73
During the past 13 years, New Jersey Resources's highest Return-on-Tangible-Asset was 5.83%. The lowest was 2.14%. And the median was 3.95%.
NJR's Return-on-Tangible-Asset is ranked better than 63.31% of 507
companies
in the Utilities - Regulated industry
Industry Median: 3.37
vs NJR: 4.73
New Jersey Resources (NYSE:NJR) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
New Jersey Resources Return-on-Tangible-Asset Related Terms
New Jersey Resources Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for New Jersey Resources's Return-on-Tangible-Asset 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.
New Jersey Resources Return-on-Tangible-Asset Chart
NJR vs BKH, SWX, OGS: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Gas subindustry, New Jersey Resources's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, New Jersey Resources's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where New Jersey Resources's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.49% mean?
New Jersey Resources (NJR) has a Return-on-Tangible-Asset of 0.49% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on New Jersey Resources and its competitors. This is 88% below median its historical median of 3.95. Over the past decade, New Jersey Resources' Return-on-Tangible-Asset has ranged from 2.14 to 5.83. According to the industry distribution chart, New Jersey Resources ranks #186 out of 507 companies in the Utilities - Regulated industry, placing it in the top 36.7%.
Is New Jersey Resources' Return-on-Tangible-Asset too high?
New Jersey Resources' current Return-on-Tangible-Asset of 0.49% is 88% below median its 10-year median of 3.95. Over the past 10 years, this metric has ranged from a low of 2.14 to a high of 5.83. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.37. New Jersey Resources' value of 0.49% is 85.5% below this industry median. Based on the distribution chart, New Jersey Resources ranks #186 out of 507 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, New Jersey Resources has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does New Jersey Resources' Return-on-Tangible-Asset compare to BKH and SWX?
According to the Utilities - Regulated industry distribution chart, New Jersey Resources ranks #186 out of 507 companies for Return-on-Tangible-Asset. This puts New Jersey Resources in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.37. New Jersey Resources' value of 0.49% is 85.5% below this benchmark. Historically, New Jersey Resources' own Return-on-Tangible-Asset has ranged from 2.14 to 5.83 over the past decade. While the company's 10-year median is 3.95 vs. the industry median of 3.37, New Jersey Resources has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.37, based on 507 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. New Jersey Resources's current Return-on-Tangible-Asset of 0.49% is 85.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on New Jersey Resources and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Jersey Resources's current Return-on-Tangible-Asset is 0.49%, which is 88% below median its own 10-year median of 3.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Jersey Resources stock overvalued right now?
Based on GuruFocus' analysis, New Jersey Resources (NJR) is currently considered Fairly Valued. The stock's GF Value™ is $53.96, compared to a current price of $53.52 — trading 0.8% below its estimated fair value. The current Return-on-Tangible-Asset is 0.49%, which is 88% below median its 10-year median of 3.95 and 85.5% below the Utilities - Regulated industry median of 3.37. New Jersey Resources' overall GF Score™ is 73/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For New Jersey Resources (NJR), the current Return-on-Tangible-Asset is 0.49% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is New Jersey Resources (NJR) Overvalued in 2026?
Based on GuruFocus' analysis, New Jersey Resources stock appears to be undervalued.
The current stock price of $53.52 is trading 0.8% below its estimated GF Value™ of $53.96.
GuruFocus considers New Jersey Resources to be Fairly Valued.
Key valuation signals for NJR:
Return-on-Tangible-Asset: 0.49% (88% below median its 10-year median of 3.95)
GF Value™: $53.96 vs. price of $53.52 (0.8% below fair value)
Industry Position: 85.5% below the Utilities - Regulated median (#186 of 507)
No single metric tells the full story. See the NJR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 nearly 600,000 customers in the state. NJR's nonregulated businesses include investments in commercial solar projects and several large midstream natural gas projects.
73GF Score
Get the complete analysis for NJR
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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