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PNM Resources, Inc. PNM Resources, Inc.

PNM Resources, Inc.

PNM
Rank in Stocks #4450
PNM Resources, Inc. is an American energy provider that delivers electricity... PNM Resources, Inc. is an American energy provider that delivers electricity and related services through its operating divisions. The company's operations are primarily conducted via two subsidiaries: Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). The PNM segment is responsible for the generation, transmission, and distribution of electricity. It utilizes a varied portfolio of energy sources, including coal, natural gas and oil, nuclear power, solar, wind, and geothermal. As of December 31, 2021, this division's owned and leased facilities boasted a combined net generating capacity of 2,168 megawatts. Its infrastructure at that time also comprised 3,426 miles of electric transmission lines, 5,751 miles of overhead distribution lines, 5,765 miles of underground distribution lines, and 250 substations. Additionally, PNM owns and leases various communication and office equipment, office premises, vehicles, and real estate. Conversely, the TNMP segment focuses on providing regulated electricity transmission and distribution services. By the close of 2021, its assets included 983 miles of overhead electric transmission lines, 7,297 miles of overhead distribution lines, 1,408 miles of underground distribution lines, and 113 substations. This segment also manages its fleet of vehicles, service centers, and office locations throughout its operational territories. Collectively, PNM Resources, Inc. serves approximately 806,000 residential, commercial, and industrial consumers of electricity across New Mexico and Texas. The company was founded in 1882 and has its corporate headquarters situated in Albuquerque, New Mexico.
Share Price
$40.70
Last synced: 2024-08-27
Market Cap
$3.69B
Change (1 day)
-0.76%
Change (1 year)
0.00%
Country
US
Trade PNM Resources, Inc. (PNM)

Category

Utilities
P/E ratio for PNM Resources, Inc. (PNM)
P/E ratio as of August 2026 TTM: 19.33
According to PNM Resources, Inc. latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.33. At the end of 2023 the company had a P/E ratio of 38.11.
P/E ratio history for PNM Resources, Inc. from 2019 to 2026
P/E ratio at the end of each year
Year P/E Ratio Change
2026 (TTM) 19.33 5.15%
2024 18.38 -51.79%
2023 38.11 54.25%
2022 24.71 23.85%
2021 19.95 -11.12%
2020 22.45 0.00%
2019 0.00 0.00%
P/E ratio for similar companies or competitors
Company P/E Ratio P/E Ratio Difference Country
NextEra Energy, Inc. NextEra Energy, Inc.
NextEra Energy, Inc.
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The Southern Company The Southern Company
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Duke Energy Corporation Duke Energy Corporation
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American Electric Power Company, Inc. American Electric Power Company, Inc.
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Dominion Energy, Inc. Dominion Energy, Inc.
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How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share.
A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.

Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.