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The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, New Jersey Resources's share price is $44.02. New Jersey Resources's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was $17.46. Hence, New Jersey Resources's PS Ratio for today is 2.52.
Warning Sign:
New Jersey Resources Corp stock PS Ratio (=2.49) is close to 10-year high of 2.58
The historical rank and industry rank for New Jersey Resources's PS Ratio or its related term are showing as below:
During the past 13 years, New Jersey Resources's highest PS Ratio was 2.58. The lowest was 0.51. And the median was 1.53.
New Jersey Resources's Revenue per Sharefor the three months ended in Mar. 2024 was $6.64. Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was $17.46.
Warning Sign:
New Jersey Resources Corp revenue per share has been in decline for the last 5 years.
During the past 12 months, the average Revenue per Share Growth Rate of New Jersey Resources was -37.00% per year. During the past 3 years, the average Revenue per Share Growth Rate was -0.70% per year. During the past 5 years, the average Revenue per Share Growth Rate was -6.30% per year. During the past 10 years, the average Revenue per Share Growth Rate was -5.10% per year.
During the past 13 years, New Jersey Resources's highest 3-Year average Revenue per Share Growth Rate was 42.40% per year. The lowest was -17.20% per year. And the median was 1.40% per year.
The historical data trend for New Jersey Resources's PS Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
New Jersey Resources Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
PS Ratio | Get a 7-Day Free Trial | 1.56 | 1.32 | 1.56 | 1.28 | 2.02 |
New Jersey Resources Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
PS Ratio | Get a 7-Day Free Trial | 1.92 | 1.91 | 2.02 | 2.56 | 2.46 |
For the Utilities - Regulated Gas subindustry, New Jersey Resources's PS Ratio, along with its competitors' market caps and PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Utilities - Regulated industry and Utilities sector, New Jersey Resources's PS Ratio distribution charts can be found below:
* The bar in red indicates where New Jersey Resources's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
New Jersey Resources's PS Ratio for today is calculated as
PS Ratio | = | Share Price | / | Revenue per Share (TTM) |
= | 44.02 | / | 17.462 | |
= | 2.52 |
New Jersey Resources's Share Price of today is $44.02.
New Jersey Resources's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $17.46.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
PS Ratio | = | Market Cap | / | Revenue |
The Revenue here is for the trailing 12 months.
New Jersey Resources (NYSE:NJR) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.
Be Aware
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Thank you for viewing the detailed overview of New Jersey Resources's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Patrick J. Migliaccio | officer: Senior VP and CFO | 1415 WYCKOFF ROAD, WALL NJ 07719 |
Peter C Harvey | director | C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719 |
Stephen D Westhoven | officer: Senior V.P., Subsidiary | 1415 WYCKOFF ROAD, WALL NJ 07719 |
Stephen Skrocki | officer: Corporate Controller and PAO | C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719 |
Lori Delgiudice | officer: SVP, Human Resources | C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719 |
Michael A O'sullivan | director | C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719 |
Roberto Bel | officer: SVP and CFO | C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719 |
Degraffenreidt James H Jr | director | 1100 H ST NW, WASHINGTON DC 20080 |
Richard Reich | officer: SVP, Gen Counsel and Corp Sec | C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719 |
Timothy F. Shea | officer: Vice President, Subsidiary | C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719 |
Howard M William Jr | director | C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719 |
M Susan Hardwick | director | C/O AMERICAN WATER WORKS COMPANY, INC., 1 WATER STREET, CAMDEN NJ 08102-1658 |
Donald L Correll | director | C/O INTERCHANGE FINANCIAL SERVICES CORP, PARK 80 W PLAZA TWO, SADDLE BROOK NJ 07663 |
Amy Cradic | officer: SVP & COO Non-Utility Business | C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719 |
Craig A Lynch | officer: SVP, Subsidiary | C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719 |
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