National Fuel Gas Company Ratios | P/E, ROE & Valuation

On the Key Ratios page for National Fuel Gas Company (NFG), the latest P/E of 11.5 frames valuation, while ROE 18.72% and ROIC 7.59% indicates profitability and capital efficiency. Together with the current ratio of 3.20 and debt-to-equity 0.91, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

NFG Historical Per Share Metrics

10 years
Metric (FY)TTM202520242023202220212020201920182017
Revenue per Share$26.71$25.17$21.19$23.69$23.91$19.12$17.58$19.64$18.56$18.51
Net Income per Share$7.20$5.73$0.84$5.20$6.19$3.99$-1.41$3.53$4.56$3.32
Operating Cash Flow per Share$13.57$12.15$11.61$13.48$8.89$8.69$8.42$8.05$7.17$8.02
Free Cash Flow per Share$2.37$2.07$1.47$2.48$0.01$0.44$-5.47$-1.10$0.36$2.74
Cash per Share$13.18$0.48$0.42$0.60$0.50$0.35$0.23$0.24$2.68$6.51
Book Value per Share$41.86$34.19$31.03$32.30$22.75$19.60$22.42$24.80$22.57$19.96
Tangible Book Value per Share$41.80$34.13$30.97$32.24$22.69$19.54$22.35$24.74$22.51$19.89
Interest Debt per Share$39.65$33.03$31.79$30.56$30.88$32.19$31.97$26.62$26.17$29.33
CAPEX per Share$11.20$10.09$10.15$11.01$8.88$8.25$13.90$9.15$6.80$5.28

NFG Historical Valuation Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Price to Earnings (P/E)11.4816.1271.779.999.9413.16-28.8513.312.317.05
Price to Book (P/B)1.992.71.951.612.712.681.811.892.482.84
Price to Sales (P/S)3.163.672.862.192.572.752.312.393.023.06
Enterprise Value to EBITDA6.728.5312.166.246.997.8619.638.059.088.45
EV to Sales4.094.94.273.393.784.334.043.674.224.22
EV to Operating Cash Flow8.0510.147.795.9710.189.538.438.9510.919.73
EV to Free Cash Flow46.0859.5661.6432.4811903.14189.4-12.97-65.79214.5828.44
Enterprise Value$10.24B$11.15B$8.30B$7.38B$8.27B$7.54B$6.25B$6.21B$6.72B$6.66B

NFG Historical Profitability Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Return on Equity (ROE)18.72%16.76%2.72%16.09%27.21%20.36%-6.28%14.23%20.21%16.64%
Return on Invested Capital (ROIC)7.59%7.37%2.38%7.23%10.29%7.62%0.52%6.56%9.47%6.58%
Return on Tangible Assets6.46%5.95%0.93%5.76%7.17%4.88%-1.72%4.71%6.49%4.65%
Earnings Yield8.66%6.20%1.39%10.01%10.06%7.60%-3.47%7.52%8.13%5.87%
Free Cash Flow Yield2.81%2.24%2.42%4.77%0.01%0.83%-13.49%-2.33%0.65%4.85%
Dividend Yield2.60%2.25%3.30%3.70%2.99%3.41%4.29%3.64%2.98%2.88%

NFG Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202520242023202220212020201920182017
Current Ratio3.20.440.320.510.390.420.680.861.241.27
Interest Coverage6.815.221.515.736.254.370.264.794.544.95
Income Quality1.882.1213.752.591.442.18-5.992.281.572.41
Debt to Equity0.910.920.980.91.291.561.371.021.11.4
Debt to Assets34.13%32.49%33.40%32.27%34.10%37.34%37.32%33.87%35.31%39.06%
Net Debt to EBITDA1.532.144.012.212.242.878.42.812.572.32

NFG Historical Efficiency Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Receivables Turnover9.811.5610.919.795.317.39.398.088.0910.9
Payables Turnover8.744.196.838.717.175.736.758.266.187.13
Inventory Turnover19.29013.6216.277.448.1711.4813.7312.712.14
Days Sales Outstanding37.2331.5733.4537.368.7849.9738.8845.245.1433.49
Days Payables Outstanding41.7687.0953.4641.950.963.7454.0544.1659.0951.22
Days of Inventory on Hand18.93026.7922.4349.0344.6931.7826.5928.7430.07

NFG Historical Market Metrics

10 years
Metric (FY)TTM202520242023202220212020201920182017
Enterprise Value to EBITDA6.728.5312.166.246.997.8619.638.059.088.45
Market Cap$7.91B$8.36B$5.56B$4.76B$5.63B$4.79B$3.57B$4.05B$4.81B$4.83B
Enterprise Value$10.24B$11.15B$8.30B$7.38B$8.27B$7.54B$6.25B$6.21B$6.72B$6.66B
Dividend Yield2.60%2.25%3.30%3.70%2.99%3.41%4.29%3.64%2.98%2.88%
Payout Ratio29.38%36.34%237.12%36.93%29.71%44.85%-123.87%48.45%36.59%49.06%

Frequently Asked Questions

How does National Fuel Gas Company’s P/E ratio compare with its history?

On this page, NFG's current P/E is 11.5, compared with a multi-year average around 19.5. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is National Fuel Gas Company market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $7.91B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does National Fuel Gas Company’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with National Fuel Gas Company's own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does National Fuel Gas Company compare to its competitors in key financial ratios?

The fastest way to compare National Fuel Gas Company with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see National Fuel Gas Company outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do National Fuel Gas Company's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that National Fuel Gas Company is financially strong. Current ratio is about 3.20, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 6.81, implying a stronger ability to cover interest expenses. Debt-to-equity is about 0.91, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do National Fuel Gas Company's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If National Fuel Gas Company is sustaining strong returns (for example ROE at 18.72% and ROIC at 7.59%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.