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New Jersey Resources Valuation Multiples
Discover revenue and EBITDA valuation multiples for New Jersey Resources and similar public comparables like ONE Gas, Kyushu Electric Power, TAURON, Black Hills and more.
New Jersey Resources Overview
About New Jersey Resources
New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to nearly 600,000 customers in the state. NJR's nonregulated businesses include investments in commercial solar projects and several large midstream natural gas projects.
Founded
1981
HQ
Employees
1.4K
Website
Sectors
Financials (LTM)
EV
$9B
New Jersey Resources Financials
New Jersey Resources reported last 12-month revenue of $2B and EBITDA of $733M.
In the same LTM period, New Jersey Resources generated $1B in gross profit, $733M in EBITDA, and $333M in net income.
Revenue (LTM)
New Jersey Resources P&L
In the most recent fiscal year, New Jersey Resources reported revenue of $2B and EBITDA of $744M.
New Jersey Resources expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $727M | XXX | XXX | XXX |
| Gross Margin | 57% | XXX | 36% | XXX | XXX | XXX |
| EBITDA | $733M | XXX | $744M | XXX | XXX | XXX |
| EBITDA Margin | 34% | XXX | 37% | XXX | XXX | XXX |
| EBIT Margin | 24% | XXX | 25% | XXX | XXX | XXX |
| Net Profit | $333M | XXX | $336M | XXX | XXX | XXX |
| Net Margin | 16% | XXX | 17% | XXX | XXX | XXX |
| Net Debt | — | — | $4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
New Jersey Resources Stock Performance
New Jersey Resources has current market cap of $5B, and enterprise value of $9B.
Market Cap Evolution
New Jersey Resources' stock price is $54.49.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9B | $5B | 0.0% | XXX | XXX | XXX | $3.33 |
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Start Free TrialNew Jersey Resources Valuation Multiples
New Jersey Resources trades at 4.4x EV/Revenue multiple, and 12.9x EV/EBITDA.
EV / Revenue (LTM)
New Jersey Resources Financial Valuation Multiples
As of March 22, 2026, New Jersey Resources has market cap of $5B and EV of $9B.
Equity research analysts estimate New Jersey Resources' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
New Jersey Resources has a P/E ratio of 16.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV/Revenue | 4.4x | XXX | 4.6x | XXX | XXX | XXX |
| EV/EBITDA | 12.9x | XXX | 12.7x | XXX | XXX | XXX |
| EV/EBIT | 18.5x | XXX | 18.6x | XXX | XXX | XXX |
| EV/Gross Profit | 7.8x | XXX | 13.0x | XXX | XXX | XXX |
| P/E | 16.5x | XXX | 16.4x | XXX | XXX | XXX |
| EV/FCF | (45.0x) | XXX | (67.6x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified New Jersey Resources Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
New Jersey Resources Margins & Growth Rates
New Jersey Resources' revenue in the last 12 month grew by 7%.
New Jersey Resources' revenue per employee in the last FY averaged $1.6M.
New Jersey Resources' rule of 40 is 41% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
New Jersey Resources' rule of X is 51% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
New Jersey Resources Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 34% | XXX | 37% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 41% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 51% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.6M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 14% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
New Jersey Resources Public Comps
See public comps and valuation multiples for other Utilities and Energy Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| ONE Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Kyushu Electric Power | XXX | XXX | XXX | XXX | XXX | XXX |
| TAURON | XXX | XXX | XXX | XXX | XXX | XXX |
| Black Hills | XXX | XXX | XXX | XXX | XXX | XXX |
| MyMesra | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
New Jersey Resources M&A Activity
New Jersey Resources acquired XXX companies to date.
Last acquisition by New Jersey Resources was on XXXXXXXX, XXXXX. New Jersey Resources acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by New Jersey Resources
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNew Jersey Resources Investment Activity
New Jersey Resources invested in XXX companies to date.
New Jersey Resources made its latest investment on XXXXXXXX, XXXXX. New Jersey Resources invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by New Jersey Resources
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout New Jersey Resources
| When was New Jersey Resources founded? | New Jersey Resources was founded in 1981. |
| Where is New Jersey Resources headquartered? | New Jersey Resources is headquartered in United States. |
| How many employees does New Jersey Resources have? | As of today, New Jersey Resources has over 1K employees. |
| Who is the CEO of New Jersey Resources? | New Jersey Resources' CEO is Stephen D. Westhoven. |
| Is New Jersey Resources publicly listed? | Yes, New Jersey Resources is a public company listed on NYSE. |
| What is the stock symbol of New Jersey Resources? | New Jersey Resources trades under NJR ticker. |
| When did New Jersey Resources go public? | New Jersey Resources went public in 1972. |
| Who are competitors of New Jersey Resources? | New Jersey Resources main competitors are ONE Gas, Kyushu Electric Power, TAURON, Black Hills. |
| What is the current market cap of New Jersey Resources? | New Jersey Resources' current market cap is $5B. |
| What is the current revenue of New Jersey Resources? | New Jersey Resources' last 12 months revenue is $2B. |
| What is the current revenue growth of New Jersey Resources? | New Jersey Resources revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of New Jersey Resources? | Current revenue multiple of New Jersey Resources is 4.4x. |
| Is New Jersey Resources profitable? | Yes, New Jersey Resources is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of New Jersey Resources? | New Jersey Resources' last 12 months EBITDA is $733M. |
| What is New Jersey Resources' EBITDA margin? | New Jersey Resources' last 12 months EBITDA margin is 34%. |
| What is the current EV/EBITDA multiple of New Jersey Resources? | Current EBITDA multiple of New Jersey Resources is 12.9x. |
| What is the current FCF of New Jersey Resources? | New Jersey Resources' last 12 months FCF is ($210M). |
| What is New Jersey Resources' FCF margin? | New Jersey Resources' last 12 months FCF margin is (10%). |
| What is the current EV/FCF multiple of New Jersey Resources? | Current FCF multiple of New Jersey Resources is (45.0x). |
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