Is New Jersey Resources Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for New Jersey Resources Corp. has moved from fair to attractive, indicating a positive shift in its valuation outlook. The company appears to be undervalued, supported by a P/E ratio of 11, a PEG ratio of 0.14, and an EV to EBITDA ratio of 10.62, all of which suggest that the stock is trading at a discount compared to its earnings growth potential and cash flow generation capabilities.
In comparison to its peers, New Jersey Resources Corp. has a lower P/E ratio than Southwest Gas Holdings, Inc. at 28.47 and ONE Gas, Inc. at 18.05, while maintaining a competitive EV to EBITDA ratio compared to Spire Inc. at 11.13. Despite a year-to-date return of 0.11% trailing the S&P 500's 13.30%, the company's five-year return of 61.37% indicates strong long-term performance, reinforcing its attractive valuation.