As of 2025-12-19, the Relative Valuation of PNM Resources Inc (PNM) is 17.79 USD. This relative valuation is based on P/E multiples. With the latest stock price at 41.77 USD, the upside of PNM Resources Inc based on Relative Valuation is -57.4%.
The range of the Relative Valuation is 14.76 - 20.77 USD.
| Range | Selected | |
| Trailing P/E multiples | 20.3x - 22.5x | 21.8x |
| Forward P/E multiples | 18.7x - 21.8x | 19.6x |
| Fair Price | 14.76 - 20.77 | 17.79 |
| Upside | -64.7% - -50.3% | -57.4% |
| Date | P/E |