New Jersey Resources Corporation (NJR) Fair Value 2026

NJR · Utilities - Regulated Gas ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

8.4 /10

32 fundamental signals · 12 models active

Value Trap Risk

SAFE (12/100)

Quick Summary — As of 2026-08-27, New Jersey Resources Corporation (NJR) trades at $53.78, versus a $38.11 median fair value across its 12 active models — 29.1% below the current price. QOC: 8.4/10. Value Trap Risk: 12/100 (SAFE). 12/13 models active. Within that set, the Bayesian DCF component alone returns $143.89.

Key Facts

Ticker
NJR
Price
$53.78
Quality Score
8.4/10
Value Trap Risk
12/100
Models Active
12/13
Last Updated
Strength: Bayesian DCF suggests +167.6% upside with 60% confidence
Risk: Majority of models suggest overvaluation

Is New Jersey Resources Corporation (NJR) Undervalued or Overvalued in 2026?

According to CirclFi’s 12-model valuation engine, New Jersey Resources Corporation (NJR) appears overvalued as of : the median of 12 independent fair value estimates is $38.11, 29.1% below the current price of $53.78. Estimates range from $6.66 to $143.89. NJR scores 8.4/10 on fundamental quality and 12/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. NJR’s -29.1% gap is wider than that market norm, and the Utilities - Regulated Gas sector median is -37.1%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy New Jersey Resources Corporation Stock in 2026? →

What Fair Value Does Each Model Give NJR?

12 Intrinsic Value Models vs. Current Price ($53.78)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $143.89 +167.6%
Intrinsic · High Conviction
 $14.96 -72.2%
Ensemble · Low Conviction
 $35.95 -33.2%
Intrinsic · High Conviction
 $20.19 -62.5%
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What Is NJR's Fair Value Range?

Spread across 12 independent models · $6.66 to $143.89

CirclFi's 12 active models place New Jersey Resources Corporation (NJR) between $6.66 and $143.89 per share, a spread of 360% of the median. The median of that range — $38.11 — is the fair value CirclFi publishes for NJR, against a current price of $53.78.

Low · Dynamic NAVHigh · Bayesian DCF
$6.66median $38.11$143.89
Where the range comes from
Most bearish modelDynamic NAV$6.66
Most bullish modelBayesian DCF$143.89
Model agreement2 bullish · 9 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for NJR. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on NJR, not a CirclFi price target. How each model works →

What Is New Jersey Resources Corporation (NJR) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, New Jersey Resources Corporation's intrinsic value is estimated at $38.11. Trading at its current price of $53.78, the valuation engine raises significant caution: 9 of 12 models flag downside risk, projecting a median implied return of -29.1%. The most optimistic model, Bayesian DCF, places fair value at $143.89 (+167.6%), while Dynamic NAV — the most conservative — estimates $6.66 (-87.6%). This +255.2% gap reflects genuine analytical uncertainty about New Jersey Resources Corporation's intrinsic worth.

What Do the Models Say About NJR?

12 of 13 models are currently active for NJR. Of these, 3 models suggest upside while 9 models suggest overvaluation. Taken together, their median fair value for NJR is $38.11 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $143.89 on its own, implying +167.6% upside from the current price. See which stocks rank higher →

How Does NJR Rank in Utilities - Regulated Gas?

Among 16 Utilities - Regulated Gas stocks, NJR ranks #1 by Quality of Company score. CirclFi's QOC score of 8.4/10 evaluates 32 fundamental signals. A score of 8.4 places NJR in the top tier.

New Jersey Resources Corporation's positioning within the Utilities - Regulated Gas segment means that production decline rate plays an outsized role in fundamental analysis. The sector's unique characteristics — including production growth trajectory — shape both the opportunity set and risk profile.

Is NJR a Value Trap?

CirclFi's Value Trap algorithm assigns NJR a score of 12/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

12 of 13 models are active for New Jersey Resources Corporation. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, New Jersey Resources Corporation scores 8.4 out of 10 on our 32-signal quality assessment, a strong rating that demonstrates strong fundamentals across the majority of our quality signals. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.

The gap between the most bullish and bearish model spans +255.2% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every NJR valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across NJR's 12 active models, average confidence is 44%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy New Jersey Resources Corporation Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Utilities - Regulated Gas Stocks Should You Also Analyze?

9 related Utilities - Regulated Gas stocks with 13-model coverage

OPALOPAL Fuels Inc.QOC 6.0UGIUGI CorporationQOC 8.0CTRICenturi Holdings, Inc.QOC 6.2ATOAtmos Energy CorporationQOC 7.9MDUMDU Resources Group, Inc.QOC 6.3SPHSuburban Propane Partners, L.P.QOC 7.8NINiSource Inc.QOC 7.8CPKChesapeake Utilities CorporationQOC 7.3BKHBlack Hills CorporationQOC 6.9

Read investment analysis: OPAL · UGI · CTRI · ATO · MDU · SPH · NI · CPK · BKH

Which Other Stocks Have a Similar Quality Score to NJR?

7 companies across all industries closest to NJR’s Quality of Company score of 8.4/10.

ZBHZimmer Biomet Holdings, Inc.QOC 8.4FNBF.N.B. CorporationQOC 8.4GICGlobal Industrial CompanyQOC 8.4LOPEGrand Canyon Education, Inc.QOC 8.4GDYNGrid Dynamics Holdings, Inc.QOC 8.4RIGLRigel Pharmaceuticals, Inc.QOC 8.4NVDANVIDIA CorporationQOC 10.0

Read investment analysis: ZBH · FNB · GIC · LOPE · GDYN · RIGL · NVDA

What Else Do Investors Ask About New Jersey Resources Corporation’s Valuation?

What is New Jersey Resources Corporation's intrinsic value in 2026?

CirclFi puts New Jersey Resources Corporation (NJR)'s intrinsic value at $38.11 — the median of 12 independent model estimates as of 2026-08-27, ranging from $6.66 to $143.89. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $143.89 on its own. The Quality of Company score is 8.4/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is NJR overvalued or undervalued right now?

At $53.78, 3 of 12 active models suggest NJR may be undervalued, while 9 indicate potential overvaluation. The median of all 12 fair value estimates is $38.11, 29.1% below the current price of $53.78 — a consensus view that NJR is overvalued. The assessment depends on which methodology best fits New Jersey Resources Corporation's business model in Utilities - Regulated Gas.

What does a Quality of Company score of 8.4 mean for NJR?

New Jersey Resources Corporation's QOC of 8.4/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on NJR?

CirclFi analyzes NJR with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 12 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on NJR?

Of the 12 models currently active on NJR, Bayesian DCF is the most bullish at $143.89 per share, and Dynamic NAV is the most bearish at $6.66. CirclFi's published fair value for NJR is the median of that range, $38.11, not either extreme. The gap between the two ends equals 360% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is NJR a value trap in 2026?

New Jersey Resources Corporation's Value Trap score is 12/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 12-model valuation engine, New Jersey Resources Corporation (NJR) has a median fair value of $38.11 — 29.1% below the current price of $53.78 — as of 2026-08-27.” Source: circlfi.com/stock/NJR/ · Methodology
Primary sources for this NJR valuation
  • Financial statements: New Jersey Resources Corporation 10-K and 10-Q filings on SEC EDGAR (CIK 0000356309) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for NJR as of ; valuations recomputed .

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