As of 2025-07-18, the Relative Valuation of PNM Resources Inc (PNM) is 18.25 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 -56.3%.
The range of the Relative Valuation is 13.38 - 20.49 USD.
| Range | Selected | |
| Trailing P/E multiples | 19.7x - 22.2x | 21.0x |
| Forward P/E multiples | 16.9x - 25.4x | 21.6x |
| Fair Price | 13.38 - 20.49 | 18.25 |
| Upside | -68.0% - -50.9% | -56.3% |
| Date | P/E |