As of 2025-10-19, the Relative Valuation of PNM Resources Inc (PNM) is 18.54 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 -55.6%.
The range of the Relative Valuation is 14.27 - 21.64 USD.
| Range | Selected | |
| Trailing P/E multiples | 20.4x - 23.4x | 22.4x |
| Forward P/E multiples | 18.0x - 23.2x | 20.8x |
| Fair Price | 14.27 - 21.64 | 18.54 |
| Upside | -65.8% - -48.2% | -55.6% |
| Date | P/E |