PNM Share Price | PNM Resources, Inc. Stock Analysis & Recommendation

Q: How big is PNM Resources, Inc.?

Market Cap: As of Jun 18, PNM Resources, Inc. has a market capitalization of 5,216.72 million, categorizing it as a Small Cap company.Recent Quarterly Performance: For the latest four quarters, PNM Resources, Inc. reported net sales of 2,017.11 million and a net profit of 221.15 million.Balance Sheet Snapshot: As of Dec 24, the company reported shareholder's funds of 2,547.91 million and total assets of 11,548.12 million.

Q: What does PNM Resources, Inc. do?

Overview: PNM Resources, Inc. is an investor-owned holding company in the power industry, providing electricity and electric services through its regulated utilities in New Mexico and Texas, with a market cap in the small-cap bracket.Financial Snapshot: Most recent Net Sales: 483 Million (Quarterly Results - Mar 2025) Most recent Net Profit: 13 Million (Quarterly Results - Mar 2025) Market cap: USD 5,216.72 Million (Small Cap)Key Metrics: P/E: 23.00 Dividend Yield: 0.00% Debt Equity: 2.33 Return on Equity: 8.94% Price to Book: 2.07Contact Details: Address: 414 Silver Ave SW, ALBUQUERQUE NM: 87102-3289 Tel: ['1 505 2412700', '1 505 2412160'] Fax: 1 505 2414311 Website: https://www.pnmresources.com/

Q: Is PNM Resources, Inc. overvalued or undervalued?

As of 30 June 2025, the valuation grade for PNM Resources, Inc. moved from fair to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued based on its financial metrics. Key ratios include a P/E ratio of 23, an EV to EBITDA of 12.58, and a PEG ratio of 0.98, which suggest that the stock is trading at a premium compared to its earnings growth potential.In comparison to its peers, PNM Resources, Inc. has a higher P/E ratio than Pinnacle West Capital Corp. at 24.26 and The AES Corp. at 25.28, both of which are also in the power industry. Additionally, its EV to EBITDA ratio is notably higher than OGE Energy Corp. at 10.71, reinforcing the notion that PNM is priced at a premium relative to its industry counterparts. Over the past year, PNM has outperformed the S&P 500 with a return of 31.72% compared to 17.14%, but its long-term performance has lagged significantly behind the index over three and five years.

Q: Is PNM Resources, Inc. technically bullish or bearish?

As of 28 July 2025, the technical trend for PNM Resources, Inc. has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by the daily moving averages and the weekly Bollinger Bands, both indicating mild bullishness. However, the weekly MACD and KST are mildly bearish, while the monthly RSI is bearish, suggesting some weakness in momentum. In terms of performance, PNM has outperformed the S&P 500 year-to-date with a return of 15.35% compared to 12.22%, and over the past year, it has returned 31.72% versus the S&P 500's 17.14%. However, over the longer term, the stock has lagged significantly, with a 3-year return of 19.39% compared to the S&P 500's 70.41%.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

1.52 M

Shareholding (Sep 2025)

FII

17.75%

Held by 151 FIIs

DII

28.49%

Held by 68 DIIs

Promoter

0.00%

How big is PNM Resources, Inc.?

22-Jun-2025

As of Jun 18, PNM Resources, Inc. has a market capitalization of $5.22 billion, with recent net sales of $2.02 billion and a net profit of $221.15 million.

View full answer

What does PNM Resources, Inc. do?

22-Jun-2025

PNM Resources, Inc. is an investor-owned holding company that provides electricity and electric services through regulated utilities in New Mexico and Texas. As of March 2025, it has a market cap of approximately $5.22 billion, with net sales of $483 million and a net profit of $13 million.

View full answer

Who are in the management team of PNM Resources, Inc.?

22-Jun-2025

As of March 2022, the management team of PNM Resources, Inc. includes Chairman and CEO Patricia Collawn, Lead Independent Director Bruce Wilkinson, and Independent Directors Vicky Bailey, Norman Becker, E. Renae Conley, and Alan Fohrer. They oversee the company's strategic direction and governance.

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Is PNM Resources, Inc. overvalued or undervalued?

20-Sep-2025

As of June 30, 2025, PNM Resources, Inc. is considered very expensive and overvalued with a P/E ratio of 23 and an EV to EBITDA of 12.58, despite outperforming the S&P 500 over the past year with a return of 31.72%.

View full answer

Is PNM Resources, Inc. technically bullish or bearish?

20-Sep-2025

As of July 28, 2025, PNM Resources, Inc. shows a mildly bullish trend, supported by daily moving averages and weekly Bollinger Bands, despite some bearish signals from the weekly MACD and monthly RSI, while outperforming the S&P 500 year-to-date and over the past year, but lagging significantly over the last three years.

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Score

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Strong Sell

Sell

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Strong Buy

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Dashboard

Weak Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 5.27%

Poor long term growth as Operating profit has grown by an annual rate 5.37% of over the last 5 years
Low ability to service debt as the company has a high Debt to EBITDA ratio of 6.32 times

Positive results in Jun 25

With ROCE of 5.37%, it has a very expensive valuation with a 1.33 Enterprise value to Capital Employed

Mojo Parameters

Stock DNA

Industry

Power

Market cap

USD 6,460 Million (Small Cap)

P/E

23.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

1.57

Return on Equity

5.63%

Price to Book

1.88

Revenue and Profits:

Net Sales:

647 Million

(Quarterly Results - Sep 2025)

Net Profit:

136 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

3.65%

6 Months

3.87%

1 Year

20.0%

2 Years

69.92%

3 Years

20.42%

4 Years

29.88%

5 Years

20.72%

PNM Resources, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

6.70%

EBIT Growth (5y)

5.37%

EBIT to Interest (avg)

2.44

Debt to EBITDA (avg)

6.32

Net Debt to Equity (avg)

2.33

Sales to Capital Employed (avg)

0.26

Tax Ratio

13.70%

Dividend Payout Ratio

58.74%

Pledged Shares

Institutional Holding

100.00%

ROCE (avg)

5.27%

ROE (avg)

9.43%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

2.09

EV to EBIT

24.74

EV to EBITDA

12.58

EV to Capital Employed

1.33

EV to Sales

5.51

PEG Ratio

0.98

Dividend Yield

ROCE (Latest)

5.37%

ROE (Latest)

8.94%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bearish

Bullish

RSI

No Signal

Bearish

Bollinger Bands

Bullish

Moving Averages

Bullish (Daily)

KST

Bullish

Dow Theory

No Trend

OBV

Mildly Bearish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 96 Schemes (53.73%)

Foreign Institutions

Held by 151 Foreign Institutions (17.75%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Sep'25 - QoQ",
    "rhs": [
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        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Sep 2025 is 28.82% vs 4.06% in Jun 2025",
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      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Sep 2025 is 424.23% vs 103.12% in Jun 2025",
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    "table": {
      "header": [
        "Sep'25",
        "Jun'25",
        "Change(%)"
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          "val1": "647.20",
          "val2": "502.40",
          "chgp": "28.82%",
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          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "328.00",
          "val2": "193.60",
          "chgp": "69.42%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "70.10",
          "val2": "73.20",
          "chgp": "-4.23%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.70",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "136.30",
          "val2": "26.00",
          "chgp": "424.23%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "312.30%",
          "val2": "144.70%",
          "chgp": "16.76%",
          "chgp_class": "positive"
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  {
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        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is 142.00% vs -42.28% in Dec 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,971.20",
          "val2": "1,939.20",
          "chgp": "1.65%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "885.50",
          "val2": "657.00",
          "chgp": "34.78%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "226.00",
          "val2": "183.50",
          "chgp": "23.16%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-9.00",
          "val2": "-71.90",
          "chgp": "87.48%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "258.70",
          "val2": "106.90",
          "chgp": "142.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "234.60%",
          "val2": "156.40%",
          "chgp": "7.82%",
          "chgp_class": "positive"
        }
      ]
    }
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]

Quarterly Results Snapshot (Consolidated) - Sep'25 - QoQ

Sep'25

Jun'25

Change(%)

Net Sales

647.20

502.40

28.82%

Operating Profit (PBDIT) excl Other Income

328.00

193.60

69.42%

Interest

70.10

73.20

-4.23%

Exceptional Items

0.70

0.00

Consolidate Net Profit

136.30

26.00

424.23%

Operating Profit Margin (Excl OI)

312.30%

144.70%

16.76%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Sep 2025 is 28.82% vs 4.06% in Jun 2025

Consolidated Net Profit

QoQ Growth in quarter ended Sep 2025 is 424.23% vs 103.12% in Jun 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'24

Dec'24

Dec'23

Change(%)

Net Sales

1,971.20

1,939.20

1.65%

Operating Profit (PBDIT) excl Other Income

885.50

657.00

34.78%

Interest

226.00

183.50

23.16%

Exceptional Items

-9.00

-71.90

87.48%

Consolidate Net Profit

258.70

106.90

142.00%

Operating Profit Margin (Excl OI)

234.60%

156.40%

7.82%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2024 is 1.65% vs -13.80% in Dec 2023

Consolidated Net Profit

YoY Growth in year ended Dec 2024 is 142.00% vs -42.28% in Dec 2023

All Annual Results

Company CV

About PNM Resources, Inc.

PNM Resources, Inc.

Power

PNM Resources, Inc. (PNMR) is an investor-owned holding company with approximately two regulated utilities providing electricity and electric services in New Mexico and Texas. PNMR's electric utilities are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). It operates in three segments: PNM, TNMP, and Corporate and Other. The Company, through its Website provides information, including news releases, notices of Webcasts, and filings. PNM is an electric utility that provides electric generation, transmission and distribution service to its rate-regulated customers. TNMP is a regulated utility operating in Texas. TNMP provides transmission and distribution services in Texas under the provisions of Texas Electric Choice Act (TECA) and the Texas Public Utility Regulatory Act. The Corporate and Other segment includes PNMR holding company activities, related to corporate level debt and PNMR Services Company.

Company Coordinates

Company Details

414 Silver Ave SW , ALBUQUERQUE NM : 87102-3289

Tel: 1 505 24127001 505 2412160

https://www.pnmresources.com/

Registrar Details

PNM Resources, Inc.

1Day

52 Week

CASH

FII

DII

Promoter

How big is PNM Resources, Inc.?

Watch in Real-Time

What does PNM Resources, Inc. do?

Who are in the management team of PNM Resources, Inc.?

Is PNM Resources, Inc. overvalued or undervalued?

Is PNM Resources, Inc. technically bullish or bearish?

Compare PNM Resources, Inc. with Similar Stocks

MarketsMojo — Loved in India, Now Global

Dashboard

Weak Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 5.27%

Positive results in Jun 25

With ROCE of 5.37%, it has a very expensive valuation with a 1.33 Enterprise value to Capital Employed

Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

News

Announcements

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Quarterly Results Snapshot (Consolidated) - Sep'25 - QoQ

Annual Results Snapshot (Consolidated) - Dec'24

About PNM Resources, Inc.

Company Coordinates