NewJersey Resources Corporation (NJR) Fair Value & Analysis
Utilities · US · Market cap $5.9B · ISIN US6460251068
What is NewJersey Resources Corporation really worth?
NewJersey Resources Corporation
NJR · US
Below-average quality, and trading another 27% above our fair value of $42.46.
Strengths
Risks
For context
Fair value as of: Aug 30, 2026
From 16 valuation models · updated 6 days ago
Share price −6.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The price sits above our optimistic bull case: the favourable scenario is already priced in.
- The data supports the verdict: every model runs on fully documented inputs.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.
How to read this chart
60‑month range $29.16 – $60.05 · fair‑value band $31.84 – $53.07 · the $53.72 price screens above the $42.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.
Analysis
NewJersey Resources Corporation (NJR) currently trades at $53.72, while our model-based Fair Value estimate is $42.46, implying the stock looks roughly 26.5% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of $52.05 per share, and 2 of the 16 models we run sit above the $53.72 price. Bear case: the Asset-Based group reads lowest at $15.88, and 14 of the 16 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, NewJersey Resources Corporation generated revenue of $2.2B at a net margin of 15.7%. Revenue grew 2.9% year over year. It earns a return on equity of 13.3%. Net debt stands at $3.8B. Fundamentals as of Aug 30, 2026
Our scenario range runs from $31.84 (bear case) to $53.07 (bull case); at $53.72, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 8% below its 52-week high and 26% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at −24% fair-value upside, at −21%, NJR screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 11 months have passed since. In that time the company retained roughly $1.39 per share, which is 3.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 16 models by family
Widest divergence: Growth Earnings ($52.05) versus Economic Profit ($3.23). Highest evidence: Residual Income (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 39 · Market factors (momentum, volatility) 65
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation.
Full company description
New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to residential and commercial customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, Indiana, and Pennsylvania. The Energy Services segment maintains and transacts natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services. The Storage and Transportation segment invests in energy-related ventures. It provides home services and other operations, such as heating, ventilation, and cooling services; sales and installation of appliances; electrical and generator service and installations; and plumbing repair and installation services, as well as holds commercial real estate properties. The company also offers shared administrative and financial services; and natural gas storage and transmission assets services. New Jersey Resources Corporation was founded in 1922 and is headquartered in Wall, New Jersey.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
NewJersey Resources Corporation reported revenue of $2.0B in FY2025 versus $2.1B in FY2021, a compound −1.1%/yr. Reported net income was $336M in FY2025, compounding +29.9%/yr from FY2021.
of which total revenue −4.0 % · buybacks/dilution −1.6 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
NJR screens 27% overvalued. Compare with Naturgy Energy Group →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- NewJersey Resources Q3 Earnings Call Highlights
- New Jersey Resources (NJR) Q3 Earnings and Revenues Beat Estimates
Peer Group
Utilities - Regulated Gas · 105 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Utilities - Regulated Gas median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 44/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Regulated Gas stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Naturgy Energy Group NTGY | €29.60 | €31.58 | +7% |
| Atmos Energy Corporation ATO | $166.65 | $85.67 | −49% |
| NiSource Inc NI | $40.96 | $28.59 | −30% |
| Uniper SE UN0 | €47.45 | €48.32 | +2% |
| The Hong Kong and China Gas Company 0003 | HK$7.31 | HK$4.79 | −34% |
| GAIL (India) Limited GAIL | ₹171.10 | ₹130.21 | −24% |
| Italgas S.p.A IG | €8.67 | €8.63 | −1% |
| Adani Total Gas Limited ATGL | ₹654.05 | ₹101.36 | −85% |
| ENN Natural Gas Co 600803 | ¥17.51 | ¥25.71 | +47% |
| UGI Corporation UGI | $38.01 | $26.72 | −30% |
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