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

Northern Oil and Gas, Inc.

Northern Oil and Gas, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 11.2% from fiscal 2024.

Revenue: +5.44%
EPS: +119.6%
Free cash flow: −267.0%
Total debt: +15.2%

Quarter to June 2026, against a year earlier

22.83 0.69 +3.12%

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Market cap: $2.4B
P/E: 0.0×
Fwd P/E: −27.7×
Dividend yield: 8.04%
F-score: 8/9
Altman Z: 1.13
Beneish M: −2.78
Dividend safety: 42/100

Overview

Northern Oil and Gas, Inc. (NOG) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Northern Oil and Gas, Inc. (NOG) trades at a P/B ratio of 1.2×. Over the past ten years it has ranged from 0.0× (June 2022) to 116× (October 2018); the current reading is higher than 56% of that period. That is in line with the Oil & Gas E&P industry median of 1.2× and below the Energy sector median of 1.4×.

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<iframe src="https://stockrow.com/embed/NOG/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Northern Oil and Gas, Inc. P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/NOG/metrics/pb-ratio">Northern Oil and Gas, Inc. (NOG) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	1.0×	(38.30%)
FY2024	1.6×	(2.84%)
FY2023	1.6×	(46.18%)
FY2022	3.1×	(49.25%)
FY2021	6.0×	—
FY2020	0.0×	—
FY2019	1.6×	30.56%
FY2018	1.2×	—
FY2017	0.0×	—
FY2016	0.0×	—

Period	P/B ratio	Change
Jun 2026	1.0×	(40.32%)
Mar 2026	1.6×	63.55%
Dec 2025	1.0×	(8.07%)
Sep 2025	1.1×	(6.85%)
42 more quarters	Free account

Against its own ten years

Low 0.0× High 116×

Ten-year median 1.0×

Current reading's percentile 21

Company	P/B ratio
BKV BKV Corporation compare	0.8×
MNR Mach Natural Resources LP compare	0.9×
VET Vermilion Energy Inc. compare	1.0×
NOG Northern Oil and Gas, Inc.	1.2×
CRK Comstock Resources, Inc. compare	1.2×
TALO Talos Energy Inc. compare	1.3×
GPOR Gulfport Energy Corporation compare	1.5×
KRP Kimbell Royalty compare	1.9×
BSM Black Stone Minerals, L.P. compare	3.9×
Oil & Gas E&P industry median	1.2×
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 →

Northern Oil and Gas, Inc. (NOG) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on NOG

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on NOG

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