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Friday 6 November 2026 Export NFG’s income statement to Excel — free account

National Fuel Gas Company

NFG Energy Oil & Gas Integrated

National Fuel Gas Company’s revenue for fiscal 2025 (year ended September 2025) was $2.3 billion, up 17.1% from fiscal 2024.

Revenue
+1.07%
EPS
−12.1%
Free cash flow
−43.2%
Total debt
+33.0%

Quarter to June 2026, against a year earlier

74.24 0.27 +0.37%
Market cap
$7.0B
P/E
10.2×
Fwd P/E
11.0×
Dividend yield
2.94%
F-score
7/9
Altman Z
1.71
Beneish M
−2.44
Dividend safety
57/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

National Fuel Gas Company (NFG) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, National Fuel Gas Company (NFG) trades at a P/B ratio of 1.8×. Over the past ten years it has ranged from 1.3× (March 2020) to 3.7× (June 2022); the current reading is higher than 19% of that period. That is above the Oil & Gas Integrated industry median of 1.4× and above the Energy sector median of 1.4×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.7× 38.30%
FY2024 2.0× 24.97%
FY2023 1.6× (42.22%)
FY2022 2.7× 0.96%
FY2021 2.7× 47.98%
FY2020 1.8× (4.28%)
FY2019 1.9× (23.88%)
FY2018 2.5× (13.57%)
FY2017 2.9× (4.31%)
FY2016 3.0× 44.28%

Quarterly newest first

Period P/B ratio Change
Jun 2026 1.9× (19.90%)
Mar 2026 2.3× 14.76%
Dec 2025 2.0× (24.69%)
Sep 2025 2.7× 5.01%
42 more quarters

Against its own ten years

Low 1.3× High 3.7×
Ten-year median 2.3×
Current reading's percentile 21

P/B ratio against peers

Company P/B ratio
DEC Diversified Energy Company PLC compare 1.0×
TGS Transportadora De Gas Sa Ord B compare 1.1×
PBR.A Petroleo Brasileiro S.A.- Petrobras compare 1.2×
E Eni SpA compare 1.2×
PBR Petroleo Brasileiro S.A.- Petrobras compare 1.3×
EC Ecopetrol S.A. compare 1.5×
NFG National Fuel Gas Company 1.8×
CVE Cenovus Energy Inc compare 2.1×
YPF YPF Sociedad Anonima compare 11.9×
Oil & Gas Integrated industry median 1.4×
Energy sector median 1.4×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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