As of 2026-03-19, the Relative Valuation of PNM Resources Inc (PNM) is 17.60 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 -57.9%.
The range of the Relative Valuation is 14.68 - 21.71 USD.
| Range | Selected | |
| Trailing P/E multiples | 20.5x - 23.5x | 22.2x |
| Forward P/E multiples | 18.6x - 19.1x | 18.6x |
| Fair Price | 14.68 - 21.71 | 17.60 |
| Upside | -64.9% - -48.0% | -57.9% |
| Date | P/E |