NJR
New Jersey Resources Corp
Price:  
42.07 
USD
Volume:  
1,038,084.00
United States | Gas Utilities
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NJR Fair Value

3.41 %
Upside

As of 2024-06-22, the Fair Value of New Jersey Resources Corp (NJR) is 43.51 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 42.07 USD, the upside of New Jersey Resources Corp is 3.41%.

42.07 USD
Stock Price
43.51 USD
Fair Price
FAIR VALUE CALCULATION

NJR Fair Value

Peter Lynch's formula is:

NJR Fair Value
= Earnings Growth Rate x TTM EPS
NJR Fair Value
= 17.29 x 2.52
NJR Fair Value
= 43.51

The earnings growth rate we use in the formula is the average growth rate of net income/earnings over the last 5 years. If the average growth rate is smaller than 5%, we set it to 5%. If it is larger than 25%, we set it to 25%. If the TTM EPS is negative, Peter Lynch Fair Value's result can be unreliable.

Historical Earnings
2019-09-30 2020-09-30 2021-09-30 2022-09-30 2023-09-30 5Y Avg
Net income 123.90 163.00 117.90 274.90 264.70 188.88
YoY growth -46.92% 31.56% -27.67% 133.16% -3.71% 17.29%

NJR Fair Value - Key Data

Market Cap (mil) 4,157.36
P/E 16.71x
Forward P/E 13.84x
EPS 2.52
Avg earnings growth rate 17.29%
TTM earnings 248.72