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National Fuel Gas Company logo
National Fuel Gas Company NFG
$ 79.92 1.96%
report update icon

Quarterly report 2026-Q3
added 07-30-2026

National Fuel Gas Company Financial Ratios 2025-2007 | NFG

Brief overview of National Fuel Gas Company's financial ratios

Current figures are compared with the company's own five-year history for 2021–2025.

The latest available valuation ratios are P/E 14x (median 14x), EV/EBITDA 5.57x (median 8.02x), P/S 3.19x (median 3.02x). Current valuation broadly matches recent historical reference points; the difference from five-year medians is 0%.

Earnings yield calculated as 1/P/E is about 7.1%, showing current profit per unit of share price.

The latest available business-quality ratios are ROE 16.8%, ROA 5.9%, ROCE 15%. Return ratios are at workable levels. The business generates positive returns, though efficiency is not exceptional.

PEG of 0.28x shows valuation is not outpacing embedded growth. The conclusion depends on earnings durability.

A longer cycle, from -288.2 days to -273.8 days, indicates slower release of cash from operations.

Conclusion

National Fuel Gas Company's market valuation is near its own historical norm, while quality ratios provide no extreme signal.

Annual Financial Ratios National Fuel Gas Company

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

P/E

 14.0 75.8 9.9 10.2 15.1 -27.0 12.8 12.1 17.3 -15.3 -11.7 19.1 23.1 20.2 20.0 65.6 43.0 18.1 -

P/S

 3.2 3.0 2.2 2.6 3.2 2.2 2.3 3.0 3.1 3.1 2.5 2.7 3.3 2.7 2.9 2.2 - - -

EPS

 5.7 0.8 5.2 6.2 4.0 -1.4 3.5 4.6 3.3 -3.4 -4.5 3.6 3.1 2.6 3.1 0.7 0.8 3.3 -

EV (Enterprise Value)

 7.22 B 5.84 B 4.65 B 5.71 B 5.46 B 3.32 B 8.21 B 8.6 B 8.74 B 8.42 B 9 B 10 B 9.97 B 8.34 B 8.49 B 3.44 B 2.36 B 4.8 B -125 M

EBITDA per Share

 14 7.26 12.7 13 10.7 3.82 8.95 8.62 9.23 9.37 10.2 11.5 10.2 8.7 8.12 3.8 3.75 7.95 -

EV/EBITDA

 5.7 8.8 4.0 4.8 5.6 8.0 7.9 9.0 8.5 8.0 7.4 7.7 8.9 8.2 9.2 11.1 7.9 7.3 -

PEG

 0.28 3.83 0.34 0.36 0.64 1.93 -0.57 0.32 0.09 -0.64 0.05 1.29 1.33 -1.32 1.59 - - - -

P/B

 0.8 0.7 0.6 0.7 0.7 0.5 1.8 2.4 2.9 2.9 2.2 2.4 2.7 2.3 2.7 0.8 0.6 - -

P/CF

 6.6 5.5 3.8 7.1 6.9 4.5 -41.4 159.7 20.9 599.9 -26.9 -1136.7 171.2 -11.8 -32.3 8.6 4.5 10.1 -

ROE %

 16.76 -500.86 -866.08 -90.46 20.36 -6.28 14.23 20.21 16.64 -19.05 -18.73 12.42 11.85 11.23 13.66 3.35 4.06 - -

ROA %

 5.95 0.93 5.76 7.17 4.87 -1.78 4.71 6.49 4.64 -5.16 -5.66 4.44 4.18 3.71 4.89 1.16 1.35 - -

ROCE %

 15.03 9.66 36.46 69.94 17.78 0.46 8.47 8.70 10.13 9.97 8.24 9.12 8.75 8.62 9.28 3.32 3.92 - -

Current Ratio

 - - - - - - 0.9 1.2 1.3 1.4 1.1 0.8 1.5 0.5 0.7 - - - -

DSO

 24.7 27.0 43.8 47.3 36.5 33.5 45.2 45.1 33.5 42.0 26.1 31.7 31.3 30.4 30.6 28.7 - - -

DIO

 - - - - - - 26.6 27.8 28.8 30.7 20.4 16.9 27.9 68.8 47.8 - - - -

DPO

 298.5 385.8 138.1 163.2 324.8 207.8 44.2 57.2 49.0 47.0 56.9 34.3 31.3 94.8 82.6 - - - -

Operating Cycle

 24.7 27.0 43.8 47.3 36.5 33.5 71.8 73.0 62.3 72.8 46.5 48.6 59.2 99.2 78.4 28.7 - - -

Cash Conversion Cycle

 -273.8 -358.8 -94.3 -115.9 -288.2 -174.3 27.6 15.8 13.3 25.8 -10.5 14.3 27.9 4.4 -4.2 28.7 - - -

All numbers in USD currency

Quarterly Financial Ratios National Fuel Gas Company

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3

EPS

 1.46 2.61 1.99 1.99 - 1.66 2.39 0.5 - -0.59 1.81 1.45 - 1.01 1.53 1.85 - 1.18 1.83 1.45 - 0.95 1.23 0.85 -1.6 0.47 0.85 1 0.55 0.74 1 1.19 0.44 0.73 1.19 2.32 0.53 0.7 2.32 1.04 0.44 0.1 1.04 -2.23 -2.22 -3.47 -2.23 1.01 0.68 0.77 1.01 0.98 0.57 0.7 0.98 0.81 0.59 0.52 0.81 0.73 0.45 0.57 0.73 0.52

EBITDA per Share

 3.47 4.91 4.37 4.37 - 3.84 4.74 2.15 - 0.67 4.01 3.51 - 2.79 3.51 3.83 - 3.02 3.69 3.27 - 2.57 3.27 2.49 0.6 1.75 2.49 2.58 3.31 2.13 2.58 2.63 3.06 2.03 2.63 2.4 3 2.1 2.31 2.68 3.24 1.22 2.68 -2.78 -0.73 -4.85 -2.78 3.13 4.55 2.66 3.13 3.03 4.04 2.57 3.03 2.44 3.7 1.98 2.44 2.18 2.98 1.84 2.18 1.71

ROE %

 20.13 21.64 22.98 -41.15 -46.21 -1118.65 -902.99 -713.40 -654.33 -841.88 -26.22 -304.68 -502.10 -493.12 -299.30 -38.22 19.55 19.55 25.85 20.67 14.40 7.02 4.81 2.46 2.62 12.21 13.10 13.21 14.25 14.00 14.28 15.53 21.19 21.91 22.16 28.52 23.51 23.29 20.33 14.49 -1.61 -13.33 -28.35 -43.51 -29.82 -18.17 -1.02 11.83 12.23 12.03 12.01 12.25 11.96 12.27 11.81 11.53 11.32 10.80 11.08 10.77 10.06 2.48 3.16 2.44

ROA %

 7.99 8.43 8.27 6.84 4.87 4.23 4.37 3.37 2.83 3.97 6.38 6.55 5.00 7.14 7.74 7.17 5.09 5.09 6.59 5.56 3.81 1.72 1.11 0.72 0.91 3.73 4.13 4.35 4.72 4.62 4.67 5.03 6.80 6.92 6.86 8.41 6.55 6.47 5.64 3.96 -0.66 -4.19 -8.80 -13.26 -9.02 -5.30 0.12 4.26 4.39 4.30 4.28 4.35 4.15 4.20 3.98 3.81 3.75 3.64 3.81 3.73 3.53 0.90 1.06 0.86

ROCE %

 18.14 19.31 20.21 19.71 15.07 12.75 19.03 21.61 17.47 24.91 38.12 42.49 33.43 40.06 37.78 30.65 15.56 15.56 21.50 18.46 13.30 8.81 7.12 4.88 4.97 11.61 12.42 12.51 13.27 13.57 13.97 14.85 14.87 15.02 15.39 14.93 15.72 15.63 13.37 14.46 0.92 -9.68 -23.20 -36.09 -24.55 -14.23 0.66 11.73 12.21 12.26 12.47 12.75 12.14 12.52 11.77 11.25 11.13 10.47 10.74 10.52 10.12 2.50 3.01 2.61

DSO

 44.2 29.7 37.2 31.3 - 44.1 30.9 27.4 - 36.9 26.8 30.4 - 47.0 37.5 48.1 - 30.8 39.2 39.2 - 45.6 31.8 33.3 45.5 40.6 31.3 30.7 49.6 52.9 44.0 31.1 44.6 37.6 28.1 29.7 35.7 29.4 23.9 31.8 - - - - - - - - - - - - - - 21.1 26.1 - 32.1 22.2 30.1 8.1 34.1 31.3 -

DPO

 441.7 62.5 151.0 173.6 - 408.8 83.8 199.8 - 1798.4 85.9 207.8 - 272.1 53.9 92.6 - 91.2 60.7 135.4 - 694.3 114.9 204.2 51.1 420.3 230.8 128.2 31.6 252.2 60.9 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Cycle

 - - - 31.3 - 44.1 30.9 27.4 - 36.9 26.8 30.4 - 47.0 37.5 48.1 - 30.8 39.2 39.2 - 45.6 31.8 33.3 45.5 40.6 31.3 30.7 49.6 52.9 44.0 31.1 44.6 37.6 28.1 29.7 35.7 29.4 23.9 31.8 - - - - - - - - - - - - - - 21.1 26.1 - 32.1 22.2 30.1 8.1 34.1 - -

Cash Conversion Cycle

 - - - -142.3 - -364.7 -52.9 -172.4 - -1761.5 -59.0 -177.4 - -225.2 -16.3 -44.5 - -60.4 -21.5 -96.2 - -648.7 -83.1 -170.9 -5.6 -379.7 -199.5 -97.5 17.9 -199.3 -16.9 31.1 44.6 37.6 28.1 29.7 35.7 29.4 23.9 31.8 - - - - - - - - - - - - - - 21.1 26.1 - 32.1 22.2 30.1 8.1 34.1 - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company National Fuel Gas Company, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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