National Fuel Gas CoNFG -0.57%86 Current Ratio is 0.62 as of Mar. 2026, which is 13% below its 10-year median of 0.71. GuruFocus rates NFG with a GF Score™ of 86/100 and a GF Value™ of $78.57 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,011 Oil & Gas companies, National Fuel Gas Co ranks worse than 82.79% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. National Fuel Gas Co's current ratio for the quarter that ended in Mar. 2026 was 0.62.
National Fuel Gas Co has a current ratio of 0.62. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If National Fuel Gas Co has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for National Fuel Gas Co's Current Ratio or its related term are showing as below:
NFG'
s Current Ratio Range Over the Past 10 Years
Min: 0.32 Med: 0.71 Max: 2.43
Current: 0.62
During the past 13 years, National Fuel Gas Co's highest Current Ratio was 2.43. The lowest was 0.32. And the median was 0.71.
NFG's Current Ratio is ranked worse than 82.79% of 1011
companies
in the Oil & Gas industry
Industry Median: 1.35
vs NFG: 0.62
National Fuel Gas Co (NYSE:NFG) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
National Fuel Gas Co Current Ratio Related Terms
National Fuel Gas Co Current Ratio Historical Data
* Premium members only.
The historical data trend for National Fuel Gas Co's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Integrated subindustry, National Fuel Gas Co's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
National Fuel Gas Co Current Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Fuel Gas Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where National Fuel Gas Co's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
National Fuel Gas Co (NFG) has a Current Ratio of 0.62 as of Mar. 2026. This is 13% below median its historical median of 0.71. Over the past decade, National Fuel Gas Co's Current Ratio has ranged from 0.32 to 2.43. According to the industry distribution chart, National Fuel Gas Co ranks #837 out of 1011 companies in the Oil & Gas industry, placing it in the top 82.8%.
Is National Fuel Gas Co's Current Ratio too high?
National Fuel Gas Co's current Current Ratio of 0.62 is 13% below median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 2.43. The Oil & Gas industry median Current Ratio is 1.35. National Fuel Gas Co's value of 0.62 is 54.1% below this industry median. Based on the distribution chart, National Fuel Gas Co ranks #837 out of 1011 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, National Fuel Gas Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Fuel Gas Co's Current Ratio compare to DEC and UNTC?
According to the Oil & Gas industry distribution chart, National Fuel Gas Co ranks #837 out of 1011 companies for Current Ratio. This places National Fuel Gas Co in the lower half of its industry. The industry median Current Ratio is 1.35. National Fuel Gas Co's value of 0.62 is 54.1% below this benchmark. Historically, National Fuel Gas Co's own Current Ratio has ranged from 0.32 to 2.43 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 1.35, National Fuel Gas Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Oil & Gas company?
The median Current Ratio among Oil & Gas companies is 1.35, based on 1,011 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Fuel Gas Co's current Current Ratio of 0.62 is 54.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Current Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Fuel Gas Co's current Current Ratio is 0.62, which is 13% below median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Fuel Gas Co stock overvalued right now?
Based on GuruFocus' analysis, National Fuel Gas Co (NFG) is currently considered Fairly Valued. The stock's GF Value™ is $78.57, compared to a current price of $76.63 — trading 2.5% below its estimated fair value. The current Current Ratio is 0.62, which is 13% below median its 10-year median of 0.71 and 54.1% below the Oil & Gas industry median of 1.35. National Fuel Gas Co's overall GF Score™ is 86/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For National Fuel Gas Co (NFG), the current Current Ratio is 0.62 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is National Fuel Gas Co (NFG) Overvalued in 2026?
Based on GuruFocus' analysis, National Fuel Gas Co stock appears to be undervalued.
The current stock price of $76.63 is trading 2.5% below its estimated GF Value™ of $78.57.
GuruFocus considers National Fuel Gas Co to be Fairly Valued.
Key valuation signals for NFG:
Current Ratio: 0.62 (13% below median its 10-year median of 0.71)
GF Value™: $78.57 vs. price of $76.63 (2.5% below fair value)
Industry Position: 54.1% below the Oil & Gas median (#837 of 1011)
No single metric tells the full story. See the NFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Fuel Gas Co is a diversified energy company involved in natural gas production, gathering, transportation, distribution, and marketing. It operates through three segments: Integrated Upstream and Gathering, Pipeline and Storage, and Utility. The majority of revenue comes from the Integrated Upstream and Gathering segment, which focuses on Seneca's natural gas exploration and development in the Appalachian region and Midstream operations supporting gas processing and gathering. The Pipeline and Storage segment transports and stores natural gas for customers in the northeastern United States and Canada, while the Utility segment supplies natural gas to retail customers in western New York and northwestern Pennsylvania. the company opeartes in United States.
86GF Score
Get the complete analysis for NFG
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NFG has been successfully added to your 
