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 perceived value. The company appears undervalued, supported by a P/E ratio of 11, a PEG ratio of 0.14, and an EV to EBITDA ratio of 10.62, which are all favorable compared to its peers. For instance, Southwest Gas Holdings, Inc. has a significantly higher P/E ratio of 28.47, while ONE Gas, Inc. shows a P/E of 18.05, reinforcing the attractiveness of New Jersey Resources Corp. in this context.
Despite a year-to-date return of 0.11% compared to the S&P 500's 13.30%, the company has outperformed the index over the 3-year and 5-year periods, with returns of 15.51% and 61.37%, respectively, against the S&P 500's 81.19% and 91.29%. This performance suggests that while the stock may be lagging in the short term, its long-term potential remains strong, aligning with its attractive valuation metrics.