NEW JERSEY RESOURCES CORP (NJR) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:NJR • US6460251068
51.81 USD
+1.76 (+3.52%)
At close: Feb 3, 2026
51.81 USD
0 (0%)
After Hours: 2/3/2026, 8:04:00 PM
Overall NJR gets a fundamental rating of 4 out of 10. We evaluated NJR against 14 industry peers in the Gas Utilities industry. There are concerns on the financial health of NJR while its profitability can be described as average. NJR is quite expensive at the moment. It does show a decent growth rate. NJR also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- NJR had positive earnings in the past year.
- NJR had a positive operating cash flow in the past year.
- Each year in the past 5 years NJR has been profitable.
- Each year in the past 5 years NJR had a positive operating cash flow.
1.2 Ratios
- NJR has a better Return On Assets (4.43%) than 71.43% of its industry peers.
- NJR has a better Return On Equity (14.03%) than 71.43% of its industry peers.
- NJR has a Return On Invested Capital of 4.97%. This is comparable to the rest of the industry: NJR outperforms 57.14% of its industry peers.
- NJR had an Average Return On Invested Capital over the past 3 years of 5.25%. This is below the industry average of 8.44%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.43% | ||
| ROE | 14.03% | ||
| ROIC | 4.97% |
ROA(3y)4.21%
ROA(5y)3.82%
ROE(3y)13.5%
ROE(5y)12.57%
ROIC(3y)5.25%
ROIC(5y)5.16%
1.3 Margins
- NJR has a better Profit Margin (16.48%) than 85.71% of its industry peers.
- NJR's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 22.13%, NJR is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
- In the last couple of years the Operating Margin of NJR has grown nicely.
- With a Gross Margin value of 55.84%, NJR is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
- In the last couple of years the Gross Margin of NJR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.13% | ||
| PM (TTM) | 16.48% | ||
| GM | 55.84% |
OM growth 3Y16.52%
OM growth 5Y13.56%
PM growth 3Y20.33%
PM growth 5Y14.59%
GM growth 3Y19.25%
GM growth 5Y10.95%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NJR is destroying value.
- Compared to 1 year ago, NJR has more shares outstanding
- NJR has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for NJR has been reduced compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 1.28, we must say that NJR is in the distress zone and has some risk of bankruptcy.
- With a decent Altman-Z score value of 1.28, NJR is doing good in the industry, outperforming 64.29% of the companies in the same industry.
- NJR has a Debt/Equity ratio of 1.44. This is a high value indicating a heavy dependency on external financing.
- NJR's Debt to Equity ratio of 1.44 is on the low side compared to the rest of the industry. NJR is outperformed by 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.28 |
ROIC/WACC0.76
WACC6.51%
2.3 Liquidity
- A Current Ratio of 0.73 indicates that NJR may have some problems paying its short term obligations.
- With a decent Current ratio value of 0.73, NJR is doing good in the industry, outperforming 64.29% of the companies in the same industry.
- A Quick Ratio of 0.40 indicates that NJR may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.40, NJR is doing worse than 64.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.4 |
3. Growth
3.1 Past
- NJR shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.43%.
- Measured over the past years, NJR shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.71% on average per year.
- Looking at the last year, NJR shows a quite strong growth in Revenue. The Revenue has grown by 13.35% in the last year.
- Measured over the past years, NJR shows a small growth in Revenue. The Revenue has been growing by 0.83% on average per year.
EPS 1Y (TTM)-9.43%
EPS 3Y9.44%
EPS 5Y9.71%
EPS Q2Q%-9.3%
Revenue 1Y (TTM)13.35%
Revenue growth 3Y-11.18%
Revenue growth 5Y0.83%
Sales Q2Q%23.85%
3.2 Future
- The Earnings Per Share is expected to grow by 6.25% on average over the next years.
- NJR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.64% yearly.
EPS Next Y-4.12%
EPS Next 2Y2.03%
EPS Next 3Y4.85%
EPS Next 5Y6.25%
Revenue Next Year15.93%
Revenue Next 2Y10.52%
Revenue Next 3Y6.55%
Revenue Next 5Y5.64%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 16.34 indicates a correct valuation of NJR.
- NJR's Price/Earnings ratio is a bit cheaper when compared to the industry. NJR is cheaper than 71.43% of the companies in the same industry.
- NJR's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.18.
- Based on the Price/Forward Earnings ratio of 15.13, the valuation of NJR can be described as correct.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of NJR indicates a somewhat cheap valuation: NJR is cheaper than 71.43% of the companies listed in the same industry.
- NJR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.51, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.34 | ||
| Fwd PE | 15.13 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, NJR is valued a bit more expensive than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.21 |
4.3 Compensation for Growth
- NJR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.68
EPS Next 2Y2.03%
EPS Next 3Y4.85%
5. Dividend
5.1 Amount
- NJR has a Yearly Dividend Yield of 3.84%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 3.89, NJR pays a bit more dividend than its industry peers.
- NJR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.84% |
5.2 History
- On average, the dividend of NJR grows each year by 7.28%, which is quite nice.
- NJR has been paying a dividend for at least 10 years, so it has a reliable track record.
- NJR has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.28%
Div Incr Years29
Div Non Decr Years34
5.3 Sustainability
- 53.65% of the earnings are spent on dividend by NJR. This is a bit on the high side, but may be sustainable.
- The dividend of NJR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP53.65%
EPS Next 2Y2.03%
EPS Next 3Y4.85%
51.81
+1.76 (+3.52%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-02 2026-02-02/amc
Earnings (Next)05-04 2026-05-04
Inst Owners78.81%
Inst Owner Change-2.8%
Ins Owners0.47%
Ins Owner Change4.47%
Market Cap5.22B
Revenue(TTM)2.04B
Net Income(TTM)335.63M
Analysts83.64
Price Target57.12 (10.25%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.84% |
Yearly Dividend1.8
Dividend Growth(5Y)7.28%
DP53.65%
Div Incr Years29
Div Non Decr Years34
Ex-Date03-11 2026-03-11 (0.475)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)87.23%
Min EPS beat(2)-10.41%
Max EPS beat(2)184.87%
EPS beat(4)3
Avg EPS beat(4)50.79%
Min EPS beat(4)-10.41%
Max EPS beat(4)184.87%
EPS beat(8)5
Avg EPS beat(8)-8.06%
EPS beat(12)7
Avg EPS beat(12)27.82%
EPS beat(16)9
Avg EPS beat(16)11.42%
Revenue beat(2)1
Avg Revenue beat(2)4.26%
Min Revenue beat(2)-2.49%
Max Revenue beat(2)11.01%
Revenue beat(4)2
Avg Revenue beat(4)-0.88%
Min Revenue beat(4)-35.53%
Max Revenue beat(4)23.5%
Revenue beat(8)2
Avg Revenue beat(8)-5.51%
Revenue beat(12)3
Avg Revenue beat(12)-13.77%
Revenue beat(16)7
Avg Revenue beat(16)-0.29%
PT rev (1m)0%
PT rev (3m)2.56%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.46%
EPS NY rev (1m)0.17%
EPS NY rev (3m)0.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)13.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.34 | ||
| Fwd PE | 15.13 | ||
| P/S | 2.56 | ||
| P/FCF | N/A | ||
| P/OCF | 12.01 | ||
| P/B | 2.18 | ||
| P/tB | 2.19 | ||
| EV/EBITDA | 13.21 |
EPS(TTM)3.17
EY6.12%
EPS(NY)3.42
Fwd EY6.61%
FCF(TTM)-2.24
FCFYN/A
OCF(TTM)4.31
OCFY8.32%
SpS20.21
BVpS23.74
TBVpS23.63
PEG (NY)N/A
PEG (5Y)1.68
Graham Number41.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.43% | ||
| ROE | 14.03% | ||
| ROCE | 6.63% | ||
| ROIC | 4.97% | ||
| ROICexc | 4.97% | ||
| ROICexgc | 4.98% | ||
| OM | 22.13% | ||
| PM (TTM) | 16.48% | ||
| GM | 55.84% | ||
| FCFM | N/A |
ROA(3y)4.21%
ROA(5y)3.82%
ROE(3y)13.5%
ROE(5y)12.57%
ROIC(3y)5.25%
ROIC(5y)5.16%
ROICexc(3y)5.25%
ROICexc(5y)5.16%
ROICexgc(3y)5.26%
ROICexgc(5y)5.17%
ROCE(3y)7.08%
ROCE(5y)7.06%
ROICexgc growth 3Y-4%
ROICexgc growth 5Y6.14%
ROICexc growth 3Y-4%
ROICexc growth 5Y6.17%
OM growth 3Y16.52%
OM growth 5Y13.56%
PM growth 3Y20.33%
PM growth 5Y14.59%
GM growth 3Y19.25%
GM growth 5Y10.95%
F-Score6
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.39 | ||
| Cap/Depr | 349.65% | ||
| Cap/Sales | 32.41% | ||
| Interest Coverage | 3.46 | ||
| Cash Conversion | 67.94% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.4 | ||
| Altman-Z | 1.28 |
F-Score6
WACC6.51%
ROIC/WACC0.76
Cap/Depr(3y)330.29%
Cap/Depr(5y)387.83%
Cap/Sales(3y)29%
Cap/Sales(5y)26.58%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-9.43%
EPS 3Y9.44%
EPS 5Y9.71%
EPS Q2Q%-9.3%
EPS Next Y-4.12%
EPS Next 2Y2.03%
EPS Next 3Y4.85%
EPS Next 5Y6.25%
Revenue 1Y (TTM)13.35%
Revenue growth 3Y-11.18%
Revenue growth 5Y0.83%
Sales Q2Q%23.85%
Revenue Next Year15.93%
Revenue Next 2Y10.52%
Revenue Next 3Y6.55%
Revenue Next 5Y5.64%
EBIT growth 1Y-1.62%
EBIT growth 3Y3.5%
EBIT growth 5Y14.51%
EBIT Next Year38.89%
EBIT Next 3Y23.18%
EBIT Next 5Y17.18%
FCF growth 1Y-136.16%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1.65%
OCF growth 3Y10.33%
OCF growth 5Y15.27%
NEW JERSEY RESOURCES CORP / NJR FAQ
What is the fundamental rating for NJR stock?
ChartMill assigns a fundamental rating of 4 / 10 to NJR.
What is the valuation status for NJR stock?
ChartMill assigns a valuation rating of 3 / 10 to NEW JERSEY RESOURCES CORP (NJR). This can be considered as Overvalued.
How profitable is NEW JERSEY RESOURCES CORP (NJR) stock?
NEW JERSEY RESOURCES CORP (NJR) has a profitability rating of 6 / 10.
How financially healthy is NEW JERSEY RESOURCES CORP?
The financial health rating of NEW JERSEY RESOURCES CORP (NJR) is 1 / 10.
What is the earnings growth outlook for NEW JERSEY RESOURCES CORP?
The Earnings per Share (EPS) of NEW JERSEY RESOURCES CORP (NJR) is expected to decline by -4.12% in the next year.