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Northwest Natural Holding CoNWN +1.29%70 Debt-to-EBITDA is 7.96 as of Jun. 2026, which is 50% above its 10-year median of 5.30. GuruFocus rates NWN with a GF Score™ of 70/100 and a GF Value™ of $42.66 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 449 Utilities - Regulated companies, Northwest Natural Holding Co ranks worse than 69.04% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Northwest Natural Holding Co's Debt-to-EBITDA or its related term are showing as below:
NWN'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.49 Med: 5.3 Max: 5.75
Current: 5.56
During the past 13 years, the highest Debt-to-EBITDA Ratio of Northwest Natural Holding Co was 5.75. The lowest was 3.49. And the median was 5.30.
NWN's Debt-to-EBITDA is ranked worse than 69.04% of 449
companies
in the Utilities - Regulated industry
Industry Median: 4.04
vs NWN: 5.56
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Northwest Natural Holding Co Debt-to-EBITDA Related Terms
Northwest Natural Holding Co Debt-to-EBITDA Historical Data
* 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 Utilities - Regulated Gas subindustry, Northwest Natural Holding Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
Northwest Natural Holding Co Debt-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Northwest Natural Holding Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Northwest Natural Holding Co's Debt-to-EBITDA 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
Northwest Natural Holding Co (NWN) has a Debt-to-EBITDA of 7.96 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Northwest Natural Holding Co. This is 50% above median its historical median of 5.30. Over the past decade, Northwest Natural Holding Co's Debt-to-EBITDA has ranged from 3.49 to 5.75. According to the industry distribution chart, Northwest Natural Holding Co ranks #310 out of 449 companies in the Utilities - Regulated industry, placing it in the top 69%.
Is Northwest Natural Holding Co's Debt-to-EBITDA too high?
Northwest Natural Holding Co's current Debt-to-EBITDA of 7.96 is 50% above median its 10-year median of 5.30. Over the past 10 years, this metric has ranged from a low of 3.49 to a high of 5.75. The Utilities - Regulated industry median Debt-to-EBITDA is 4.04. Northwest Natural Holding Co's value of 7.96 is 97% above this industry median. Based on the distribution chart, Northwest Natural Holding Co ranks #310 out of 449 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Northwest Natural Holding Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northwest Natural Holding Co's Debt-to-EBITDA compare to CTRI and SPH?
According to the Utilities - Regulated industry distribution chart, Northwest Natural Holding Co ranks #310 out of 449 companies for Debt-to-EBITDA. This places Northwest Natural Holding Co in the lower half of its industry. The industry median Debt-to-EBITDA is 4.04. Northwest Natural Holding Co's value of 7.96 is 97% above this benchmark. Historically, Northwest Natural Holding Co's own Debt-to-EBITDA has ranged from 3.49 to 5.75 over the past decade. While the company's 10-year median is 5.30 vs. the industry median of 4.04, Northwest Natural Holding Co has consistently been above 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 Debt-to-EBITDA for an Utilities - Regulated company?
The median Debt-to-EBITDA among Utilities - Regulated companies is 4.04, based on 449 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Northwest Natural Holding Co's current Debt-to-EBITDA of 7.96 is 97% above 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Northwest Natural Holding Co. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northwest Natural Holding Co's current Debt-to-EBITDA is 7.96, which is 50% above median its own 10-year median of 5.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northwest Natural Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Northwest Natural Holding Co (NWN) is currently considered Modestly Overvalued. The stock's GF Value™ is $42.66, compared to a current price of $49.34 — trading 15.7% above its estimated fair value. The current Debt-to-EBITDA is 7.96, which is 50% above median its 10-year median of 5.30 and 97% above the Utilities - Regulated industry median of 4.04. Northwest Natural Holding Co's overall GF Score™ is 70/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Northwest Natural Holding Co (NWN), the current Debt-to-EBITDA is 7.96 as of Jun. 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 Northwest Natural Holding Co (NWN) Overvalued in 2026?
Based on GuruFocus' analysis, Northwest Natural Holding Co stock appears to be overvalued.
The current stock price of $49.34 is trading 15.7% above its estimated GF Value™ of $42.66.
GuruFocus considers Northwest Natural Holding Co to be Modestly Overvalued.
Key valuation signals for NWN:
Debt-to-EBITDA: 7.96 (50% above median its 10-year median of 5.30)
GF Value™: $42.66 vs. price of $49.34 (15.7% above fair value)
Industry Position: 97% above the Utilities - Regulated median (#310 of 449)
No single metric tells the full story. See the NWN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northwest Natural Holding Co is a public natural gas service supplier operating in the U.S. Pacific Northwest. Its subsidiary, NW Natural, operates through the natural gas distribution segment, which purchases and distributes natural gas through which operates in Oregon and southwest Washington. The company operates in three reportable business segments, which are NWN Gas Utility, SiEnergy, and NWN Water. The company generates maximum revenue from NWN Gas Utility segment. It also generates revenue from residential, commercial, and industrial customers, the majority of which are in Oregon. Residential and commercial customers account for the vast majority of profitability.
70GF Score
Get the complete analysis for NWN
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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