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National Fuel Gas CoNFG +0.32%85 EV-to-EBIT is 9.44 as of Jul. 20, 2026, which is 24% below its 10-year median of 12.48. GuruFocus rates NFG with a GF Score™ of 85/100 and a GF Value™ of $78.42 (Fairly Valued). The stock has 1 warning sign investors should review. Among 692 Oil & Gas companies, National Fuel Gas Co ranks better than 60.4% on this metric.
National Fuel Gas Co (NYSE:NFG) EV-to-EBIT Explanation
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
National Fuel Gas Co's Enterprise Value for the quarter that ended in Mar. 2026 was $11,328 Mil.
National Fuel Gas Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,072 Mil.
* 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 EV-to-EBIT Related Terms
National Fuel Gas Co EV-to-EBIT Historical Data
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The historical data trend for National Fuel Gas Co's EV-to-EBIT 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 EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Fuel Gas Co's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where National Fuel Gas Co's EV-to-EBIT falls into.
National Fuel Gas Co's current Enterprise Value is $10,116 Mil.
National Fuel Gas Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,072 Mil.
* 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 EV-to-EBIT of 9.44 as of Jul. 20, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on National Fuel Gas Co and its competitors. This is 24% below median its historical median of 12.48. According to the industry distribution chart, National Fuel Gas Co ranks #274 out of 692 companies in the Oil & Gas industry, placing it in the top 39.6%.
Is National Fuel Gas Co's EV-to-EBIT too high?
National Fuel Gas Co's current EV-to-EBIT of 9.44 is 24% below median its 10-year median of 12.48. The Oil & Gas industry median EV-to-EBIT is 11.69. National Fuel Gas Co's value of 9.44 is 19.2% below this industry median. Based on the distribution chart, National Fuel Gas Co ranks #274 out of 692 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, National Fuel Gas Co has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Fuel Gas Co's EV-to-EBIT compare to DEC and UNTC?
According to the Oil & Gas industry distribution chart, National Fuel Gas Co ranks #274 out of 692 companies for EV-to-EBIT. This puts National Fuel Gas Co in the upper half of its industry. The industry median EV-to-EBIT is 11.69. National Fuel Gas Co's value of 9.44 is 19.2% below this benchmark. While the company's 10-year median is 12.48 vs. the industry median of 11.69, 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 EV-to-EBIT for an Oil & Gas company?
The median EV-to-EBIT among Oil & Gas companies is 11.69, based on 692 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Fuel Gas Co's current EV-to-EBIT of 9.44 is 19.2% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on National Fuel Gas Co and its competitors. For the Oil & Gas industry, the median EV-to-EBIT is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Fuel Gas Co's current EV-to-EBIT is 9.44, which is 24% below median its own 10-year median of 12.48. 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 $78.42, compared to a current price of $81.20 — trading 3.5% above its estimated fair value. The current EV-to-EBIT is 9.44, which is 24% below median its 10-year median of 12.48 and 19.2% below the Oil & Gas industry median of 11.69. National Fuel Gas Co's overall GF Score™ is 85/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For National Fuel Gas Co (NFG), the current EV-to-EBIT is 9.44 as of Jul. 20, 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 overvalued.
The current stock price of $81.20 is trading 3.5% above its estimated GF Value™ of $78.42.
GuruFocus considers National Fuel Gas Co to be Fairly Valued.
Key valuation signals for NFG:
EV-to-EBIT: 9.44 (24% below median its 10-year median of 12.48)
GF Value™: $78.42 vs. price of $81.20 (3.5% above fair value)
Industry Position: 19.2% below the Oil & Gas median (#274 of 692)
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.
85GF Score
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