NewJersey Resources (NJR)
(Delayed Data from NYSE)
$43.44 USD
-0.09 (-0.21%)
Updated Apr 23, 2024 04:00 PM ET
After-Market: $43.44 0.00 (0.00%) 7:58 PM ET
2-Buy of 5 2
C Value F Growth D Momentum F VGM
Fundamental Charts
About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
NJR 43.44 -0.09(-0.21%)
Will NJR be a Portfolio Killer in April?
Zacks Investment Research is releasing its prediction for NJR based on the 1-3 month trading system that more than doubles the S&P 500.
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Other News for NJR
New Jersey Resources Celebrates Earth Day With Pledge to Support Coastal Resilience and Healthy Ecosystems Through Monmouth University’s Urban Coast Institute
New Jersey Natural Gas to Reduce Fleet Emissions with Neste MY Renewable Diesel
New Jersey Resources Board of Directors Declares Quarterly Dividend
New Jersey Resources declares $0.42 dividend
New Jersey Resources Schedules Fiscal 2024 Second Quarter Earnings Call