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NFG (National Fuel Gas Co) Cyclically Adjusted Price-to-FCF : (As of Jun. 02, 2025)


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What is National Fuel Gas Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


National Fuel Gas Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for National Fuel Gas Co's Cyclically Adjusted Price-to-FCF 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.

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National Fuel Gas Co Cyclically Adjusted Price-to-FCF Chart

National Fuel Gas Co Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted Price-to-FCF
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National Fuel Gas Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Competitive Comparison of National Fuel Gas Co's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Integrated subindustry, National Fuel Gas Co's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, National Fuel Gas Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where National Fuel Gas Co's Cyclically Adjusted Price-to-FCF falls into.


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National Fuel Gas Co Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

National Fuel Gas Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, National Fuel Gas Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.658/134.9266*134.9266
=0.658

Current CPI (Mar. 2025) = 134.9266.

National Fuel Gas Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.240 100.684 -0.322
201509 -1.871 100.392 -2.515
201512 -0.855 99.792 -1.156
201603 0.308 100.470 0.414
201606 0.285 101.688 0.378
201609 0.344 101.861 0.456
201612 0.450 101.863 0.596
201703 1.222 102.862 1.603
201706 1.077 103.349 1.406
201709 -0.025 104.136 -0.032
201712 -0.522 104.011 -0.677
201803 0.835 105.290 1.070
201806 1.007 106.317 1.278
201809 -0.955 106.507 -1.210
201812 -0.844 105.998 -1.074
201903 0.316 107.251 0.398
201906 0.332 108.070 0.415
201909 -0.894 108.329 -1.113
201912 -0.354 108.420 -0.441
202003 0.303 108.902 0.375
202006 0.570 108.767 0.707
202009 -5.797 109.815 -7.123
202012 0.234 109.897 0.287
202103 0.620 111.754 0.749
202106 0.880 114.631 1.036
202109 -1.299 115.734 -1.514
202112 -0.456 117.630 -0.523
202203 0.567 121.301 0.631
202206 0.557 125.017 0.601
202209 -0.660 125.227 -0.711
202212 1.017 125.222 1.096
202303 1.174 127.348 1.244
202306 1.357 128.729 1.422
202309 -1.085 129.860 -1.127
202312 0.260 129.419 0.271
202403 0.868 131.776 0.889
202406 0.865 132.554 0.880
202409 -0.534 133.029 -0.542
202412 -0.222 133.157 -0.225
202503 0.658 134.927 0.658

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


National Fuel Gas Co  (NYSE:NFG) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


National Fuel Gas Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of National Fuel Gas Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


National Fuel Gas Co Business Description

Industry
Traded in Other Exchanges
Address
6363 Main Street, Williamsville, NY, USA, 14221
National Fuel Gas Co is a diversified energy company engaged in the production, gathering, transportation, distribution, and marketing of natural gas. The operating segments of the company are the Exploration and Production segment, the Pipeline and Storage segment, the Gathering segment, and the Utility segment. The company generates a majority of its revenue from the Exploration and Production segment which is engaged in the exploration for, and the development and production of, natural gas in the Appalachian region of the United States. Geographically, the company operates in the United States.
Executives
Donna L Decarolis officer: President, Horizon Power 6363 MAIN ST., WILLIAMSVILLE NY 14221
Justin I Loweth officer: Pres - Seneca Resources 1201 LOUISIANA STREET, SUITE 2600, HOUSTON TX 77002
Michael W Reville officer: General Counsel and Secretary 6363 MAIN STREET, WILLIAMSVILLE NY 14221
Ronald C Kraemer officer: Pres - Empire Pipeline 6363 MAIN STREET, WILLIAMSVILLE NY 14221
Timothy J Silverstein officer: Treasurer & Prin. Fin.Officer 6363 MAIN STREET, WILLIAMSVILLE NY 14221
Ronald J Tanski officer: Controller NATIONAL FUEL GAS COMPANY, 6363 MAIN ST, WILLIAMSVILLE NY 14221
David P Bauer officer: Treasurer, Prin.Fin. Officer 6363 MAIN STREET, WILLIAMSVILLE NY 14221
Sarah J Mugel officer: General Counsel and Secretary 6363 MAIN STREET, WILLIAMSVILLE NY 14221
Barbara M Baumann director 1776 LINCOLN ST, STE 700, DENVER CO 80203
Paula M Ciprich officer: General Counsel. NFG Co. 6363 MAIN STREET, WILLIAMSVILLE NY 14221
Michael P Kasprzak officer: President NFG Midstream Co 6363 MAIN STREET, WILLIAMSVILLE NY 14221
Elena G Mendel officer: Controller 6363 MAIN STREET, WILLIAMSVILLE NY 14221
Martin A Krebs officer: Chief Information Officer 6363 MAIN STREET, WILLIAMSVILLE NY 14221
David Hugo Anderson director
John P Mcginnis officer: COO - Seneca Resources 1201 LOUISIANA STREET, SUITE 2600, HOUSTON TX 77002