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New Jersey ResourcesNJR -2.41%73 Return-on-Tangible-Equity is 1.47% as of Jun. 2026, which is 88% below its 10-year median of 12.74. 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 493 Utilities - Regulated companies, New Jersey Resources ranks better than 62.47% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. New Jersey Resources's annualized net income for the quarter that ended in Jun. 2026 was $39 Mil. New Jersey Resources's average shareholder tangible equity for the quarter that ended in Jun. 2026 was $2,635 Mil. Therefore, New Jersey Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 1.47%.
The historical rank and industry rank for New Jersey Resources's Return-on-Tangible-Equity or its related term are showing as below:
NJR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.26 Med: 12.74 Max: 18.02
Current: 14.62
During the past 13 years, New Jersey Resources's highest Return-on-Tangible-Equity was 18.02%. The lowest was 7.26%. And the median was 12.74%.
NJR's Return-on-Tangible-Equity is ranked better than 62.47% of 493
companies
in the Utilities - Regulated industry
Industry Median: 11.04
vs NJR: 14.62
New Jersey Resources (NYSE:NJR) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
New Jersey Resources Return-on-Tangible-Equity Related Terms
New Jersey Resources Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for New Jersey Resources's Return-on-Tangible-Equity 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-Equity Chart
NJR vs BKH, SWX, OGS: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, New Jersey Resources's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, New Jersey Resources's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where New Jersey Resources's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 1.47% mean?
New Jersey Resources (NJR) has a Return-on-Tangible-Equity of 1.47% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on New Jersey Resources and its competitors. This is 88% below median its historical median of 12.74. Over the past decade, New Jersey Resources' Return-on-Tangible-Equity has ranged from 7.26 to 18.02. According to the industry distribution chart, New Jersey Resources ranks #185 out of 493 companies in the Utilities - Regulated industry, placing it in the top 37.5%.
Is New Jersey Resources' Return-on-Tangible-Equity too high?
New Jersey Resources' current Return-on-Tangible-Equity of 1.47% is 88% below median its 10-year median of 12.74. Over the past 10 years, this metric has ranged from a low of 7.26 to a high of 18.02. The Utilities - Regulated industry median Return-on-Tangible-Equity is 11.04. New Jersey Resources' value of 1.47% is 86.7% below this industry median. Based on the distribution chart, New Jersey Resources ranks #185 out of 493 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-Equity compare to BKH and SWX?
According to the Utilities - Regulated industry distribution chart, New Jersey Resources ranks #185 out of 493 companies for Return-on-Tangible-Equity. This puts New Jersey Resources in the upper half of its industry. The industry median Return-on-Tangible-Equity is 11.04. New Jersey Resources' value of 1.47% is 86.7% below this benchmark. Historically, New Jersey Resources' own Return-on-Tangible-Equity has ranged from 7.26 to 18.02 over the past decade. While the company's 10-year median is 12.74 vs. the industry median of 11.04, 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-Equity for an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 11.04, based on 493 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity of 1.47% is 86.7% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on New Jersey Resources and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 11.04 — 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-Equity is 1.47%, which is 88% below median its own 10-year median of 12.74. 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-Equity is 1.47%, which is 88% below median its 10-year median of 12.74 and 86.7% below the Utilities - Regulated industry median of 11.04. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For New Jersey Resources (NJR), the current Return-on-Tangible-Equity is 1.47% 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-Equity: 1.47% (88% below median its 10-year median of 12.74)
GF Value™: $53.96 vs. price of $53.52 (0.8% below fair value)
Industry Position: 86.7% below the Utilities - Regulated median (#185 of 493)
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-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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