NewJersey Resources Corporation

NYSE NJR

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NewJersey Resources Corporation Price to Book Ratio (P/B) on June 03, 2024: 2.00

NewJersey Resources Corporation Price to Book Ratio (P/B) is 2.00 on June 03, 2024, a -15.94% change year over year. The price to book ratio compares the market price per share of a company's stock to its book value per share. It is calculated by dividing the market capitalization by the shareholders' equity minus treasury stock, divided by the number of outstanding shares. This ratio provides insights into how the market values a company relative to its book value. A ratio above 1 indicates the market values the company more than its book value, suggesting positive market sentiment.

NewJersey Resources Corporation 52-week high Price to Book Ratio (P/B) is 2.44 on June 07, 2023, which is 22.32% above the current Price to Book Ratio (P/B).
NewJersey Resources Corporation 52-week low Price to Book Ratio (P/B) is -1.14 on February 01, 2024, which is -157.19% below the current Price to Book Ratio (P/B).
NewJersey Resources Corporation average Price to Book Ratio (P/B) for the last 52 weeks is 2.01.

NYSE: NJR

NewJersey Resources Corporation

CEO	Mr. Stephen D. Westhoven
IPO Date	Dec. 30, 1987
Location	United States
Headquarters	1415 Wyckoff Road, Wall, NJ, United States, 07719
Employees	1,350
Sector	Utilities
Industry	Utilities - regulated gas

Description

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 576,000 customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, and Indiana. The Energy Services segment maintains and operates natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services in the United States and Canada. The Storage and Transportation segment invests in invests in energy-related ventures. It provides heating, ventilation, and cooling services; sales and installation of appliances; offers solar equipment installation, and plumbing repair and installation services; and holds commercial real estate properties. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.

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