Obermatt

National Fuel Gas

NYQ:NFG · US6361801011
Gas UtilitiesMedium

360

91
EV / EBIT89
Price / Owner Earnings8
Owner Earnings Yield69
Dividend Yield55
Price/Sales34
EV / Gross Profit72
Price/Book40
Return on Capital97
Cash Return on Capital77
Return on Equity97
EBIT Margin99
Gross Profitability91
Cash Conversion38
Accruals36
Owner Earnings Margin81
Sales growth40
Profit Growth58
Long-Term EPS Growth25
Reinvestment71
Price momentum18
Debt load30
Refinancing67
Debt Payback32
Liquidity56
Analyst ratings52
Opinion Changes6
Price Target Upside95
Market mood23
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

National Fuel Gas generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustryGas Utilities
SizeMedium
TypePublic Company
ExchangeNYSE
Founded1902
Employees863
ISINUS6361801011
Last UpdateApr 2, 2026
Themes
Power GridEnergyOil and Gas

Description

National Fuel Gas Company, a diversified energy company, engages in the production, gathering, transportation, storage, and distribution of natural gas. The company operates an integrated business, with assets centered in western New York and Pennsy…

Analysis

Quality compounder

National Fuel Gas Company earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 38.9×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is sturdy. The company scores 14/20 on our value-creation score: strong value creator. Analysts lean positive.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
29
2023202420252026

All-time high

96

Jan 2025

All-time low

21

Jan 2023

Average rank

63

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
34
40
55
46
Price/Earnings
64
97
93
89
Price/Book
40
27
40
22
Dividend Yield
55
21
41
33
Value (overall)
52
53
70
55

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →