NFGNational Fuel Gas Company
Is the price fair?
Neither cheap nor expensive: cheap vs its sector, but priced for +12% a year vs +4% a year delivered.
Priced for ~12% a year FCF growth. The price demands more than its three-year revenue growth of 4% a year, priced for acceleration.
In its normal range: P/E 10.9 vs a 11.8 median over 35 quarters (−7% vs median).
Sector median 12.7× across 65 covered peers. EV/EBIT counts debt as part of the price, so a cash-rich and a borrowed company can be compared on the same footing.
Unless marked, from derived, as of Jun 30, 2026.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.
What NFG's price assumes
National Fuel Gas Company trades at 10.9× earnings against 20.4× for the median Oil & Gas Integrated name, cheaper than its own group.
Trailing P/E · Oil & Gas Integrated median 20.4 · cheaper than the typical name in its group
- Price / sales
- 2.89
Price / sales · today's price, trailing year to Jun 30, 2026
- Free cash flow yield
- 3.1%
Free cash flow yield · Energy median 9.3%
- Growth the price implies
- +12%
Growth the price implies · The price pays for +12% free cash flow growth a year for a decade; the business has delivered −5.9% a year over the last three.
Details›
- Price / booktoday's price, trailing year to Jun 30, 2026
- 1.85
- EV / EBITtoday's price, trailing year to Jun 30, 2026
- 9.49
- EV / salestoday's price, trailing year to Jun 30, 2026
- 3.82
- Energy median P/E157 names
- 16.0
- Oil & Gas Integrated median P/E14 names
- 20.4
- Free cash flow, trailing twelve months
- $222M
- Market capitalisation
- $7.27B
- 3-year revenue growth
- +3.9%
- 3-year free cash flow growth
- −5.9%
| Method | Per share |
|---|---|
| Its own P/E history, lower quartile | $69.92 |
| Its own P/E history, median | $84.51 |
| Its own P/E history, upper quartile | $111.68 |
| 52-week range | $75.88 – $95.98 |
| Today | $78.73 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.