This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. PNM Resources's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $22.465. PNM Resources's 10-Year median PS Ratio is 2.1237. Therefore, the Median PS Value for today is $47.71.
As of today (2024-04-16), PNM Resources's share price is $36.16. PNM Resources's Median PS Value is $47.71. Therefore, PNM Resources's Price to Median PS Value for today is 0.76.
The historical rank and industry rank for PNM Resources's Median PS Value or its related term are showing as below:
PNM'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.76 Med: 1.69 Max: 1.85
Current: 0.76
During the past 13 years, the highest Price to Median PS Value of PNM Resources was 1.85. The lowest was 0.76. And the median was 1.69.
PNM's Price-to-Median-PS-Value is ranked better than 58.56% of 362
companies
in the Utilities - Regulated industry
Industry Median: 0.83
vs PNM: 0.76
PNM Resources Median PS Value Historical Data
The historical data trend for PNM Resources's Median PS Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
PNM Resources Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Median PS Value
28.49
33.17
41.33
55.45
47.71
PNM Resources Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Median PS Value
55.45
57.92
57.38
51.85
47.71
Competitive Comparison
For the Utilities - Regulated Electric subindustry, PNM Resources's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PNM Resources Price-to-Median-PS-Value Distribution
For the Utilities - Regulated industry and Utilities sector, PNM Resources's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where PNM Resources's Price-to-Median-PS-Value falls into.
PNM Resources Median PS Value Calculation
PNM Resources's Median PS Value for today is calculated as
10-Year Median PS Ratio is 2.1237.
PNM Resources's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $22.465.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PNM Resources (NYSE:PNM) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
PNM Resources's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
36.16
/
47.71
=
0.76
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PNM Resources Median PS Value Related Terms
Thank you for viewing the detailed overview of PNM Resources's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
PNM Resources (PNM Resources) Business Description
PNM Resources Inc, or PNMR, is a holding company that owns regulated utilities companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produce most of the energy. TNMP owns and operates transmission and distribution services primarily in small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers. PNM generates the vast majority of PNMR's total revenue.
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