NATURELGAZNAYI VE TICARET AS (IST:NTGAZ) EV-to-EBITDA: 3.27 (As of Aug. 25, 2026) — 11% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:NTGAZ NATURELGAZ SANAYI VE TICARET AS IST:NTGAZ
83 GF Score
Price ₺11.24
GF Value ₺9.47
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is NATURELGAZNAYI VE TICARET AS EV-to-EBITDA?

NATURELGAZNAYI VE TICARET AS IST:NTGAZ -1.83% 83 EV-to-EBITDA is 3.27 as of Aug. 25, 2026, which is 11% below its 10-year median of 3.67. GuruFocus rates IST:NTGAZ with a GF Score™ of 83/100 and a GF Value™ of ₺9.47 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 775 Oil & Gas companies, NATURELGAZNAYI VE TICARET AS ranks better than 84.13% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, NATURELGAZNAYI VE TICARET AS's enterprise value is ₺7,436 Mil. NATURELGAZNAYI VE TICARET AS's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₺2,273 Mil. Therefore, NATURELGAZNAYI VE TICARET AS's EV-to-EBITDA for today is 3.27.

The historical rank and industry rank for NATURELGAZNAYI VE TICARET AS's EV-to-EBITDA or its related term are showing as below:

IST:NTGAZ' s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.09   Med: 3.67   Max: 14.53
Current: 3.28

During the past 8 years, the highest EV-to-EBITDA of NATURELGAZNAYI VE TICARET AS was 14.53. The lowest was 1.09. And the median was 3.67.

IST:NTGAZ's EV-to-EBITDA is ranked better than
84.13% of 775 companies
in the Oil & Gas industry
Industry Median: 7.52 vs IST:NTGAZ: 3.28

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-08-25), NATURELGAZNAYI VE TICARET AS's stock price is ₺11.24. NATURELGAZNAYI VE TICARET AS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ₺1.574. Therefore, NATURELGAZNAYI VE TICARET AS's PE Ratio (TTM) for today is 7.14.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


NATURELGAZNAYI VE TICARET AS  (IST:NTGAZ) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

NATURELGAZNAYI VE TICARET AS's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=11.24/1.574
=7.14

NATURELGAZNAYI VE TICARET AS's share price for today is ₺11.24.
NATURELGAZNAYI VE TICARET AS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺1.574.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


NATURELGAZNAYI VE TICARET AS EV-to-EBITDA Related Terms


NATURELGAZNAYI VE TICARET AS EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for NATURELGAZNAYI VE TICARET AS's EV-to-EBITDA 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.

NATURELGAZNAYI VE TICARET AS EV-to-EBITDA Chart

NATURELGAZNAYI VE TICARET AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial 9.50 3.05 7.52 3.23 3.61

NATURELGAZNAYI VE TICARET AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.89 3.18 3.61 3.25 3.32

IST:NTGAZ vs WMB, EPD, KMI: EV-to-EBITDA Comparison

For the Oil & Gas Midstream subindustry, NATURELGAZNAYI VE TICARET AS's EV-to-EBITDA, along with its competitors' market caps and EV-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.


NATURELGAZNAYI VE TICARET AS EV-to-EBITDA vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NATURELGAZNAYI VE TICARET AS's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where NATURELGAZNAYI VE TICARET AS's EV-to-EBITDA falls into.


IST:NTGAZ
83GF Score
NATURELGAZ SANAYI VE TICARET AS IST:NTGAZ
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NATURELGAZNAYI VE TICARET AS EV-to-EBITDA Calculation

NATURELGAZNAYI VE TICARET AS's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=7435.792/2272.76
=3.27

NATURELGAZNAYI VE TICARET AS's current Enterprise Value is ₺7,436 Mil.
NATURELGAZNAYI VE TICARET AS's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺2,273 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 3.27 mean?
NATURELGAZNAYI VE TICARET AS (IST:NTGAZ) has a EV-to-EBITDA of 3.27 as of Aug. 25, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on NATURELGAZNAYI VE TICARET AS. This is 11% below median its historical median of 3.67. Over the past decade, NATURELGAZNAYI VE TICARET AS's EV-to-EBITDA has ranged from 1.09 to 14.53. According to the industry distribution chart, NATURELGAZNAYI VE TICARET AS ranks #123 out of 775 companies in the Oil & Gas industry, placing it in the top 15.9%.
Is NATURELGAZNAYI VE TICARET AS's EV-to-EBITDA too high?
NATURELGAZNAYI VE TICARET AS's current EV-to-EBITDA of 3.27 is 11% below median its 10-year median of 3.67. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 14.53. The Oil & Gas industry median EV-to-EBITDA is 7.52. NATURELGAZNAYI VE TICARET AS's value of 3.27 is 56.5% below this industry median. Based on the distribution chart, NATURELGAZNAYI VE TICARET AS ranks #123 out of 775 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, NATURELGAZNAYI VE TICARET AS has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NATURELGAZNAYI VE TICARET AS's EV-to-EBITDA compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, NATURELGAZNAYI VE TICARET AS ranks #123 out of 775 companies for EV-to-EBITDA. This places NATURELGAZNAYI VE TICARET AS in the top 16% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 7.52. NATURELGAZNAYI VE TICARET AS's value of 3.27 is 56.5% below this benchmark. Historically, NATURELGAZNAYI VE TICARET AS's own EV-to-EBITDA has ranged from 1.09 to 14.53 over the past decade. While the company's 10-year median is 3.67 vs. the industry median of 7.52, NATURELGAZNAYI VE TICARET AS 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-EBITDA for an Oil & Gas company?
The median EV-to-EBITDA among Oil & Gas companies is 7.52, based on 775 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NATURELGAZNAYI VE TICARET AS's current EV-to-EBITDA of 3.27 is 56.5% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on NATURELGAZNAYI VE TICARET AS. For the Oil & Gas industry, the median EV-to-EBITDA is 7.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NATURELGAZNAYI VE TICARET AS's current EV-to-EBITDA is 3.27, which is 11% below median its own 10-year median of 3.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NATURELGAZNAYI VE TICARET AS stock overvalued right now?
Based on GuruFocus' analysis, NATURELGAZNAYI VE TICARET AS (IST:NTGAZ) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺9.47, compared to a current price of ₺11.24 — trading 18.7% above its estimated fair value. The current EV-to-EBITDA is 3.27, which is 11% below median its 10-year median of 3.67 and 56.5% below the Oil & Gas industry median of 7.52. NATURELGAZNAYI VE TICARET AS's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For NATURELGAZNAYI VE TICARET AS (IST:NTGAZ), the current EV-to-EBITDA is 3.27 as of Aug. 25, 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 NATURELGAZNAYI VE TICARET AS (IST:NTGAZ) Overvalued in 2026?

Based on GuruFocus' analysis, NATURELGAZNAYI VE TICARET AS stock appears to be overvalued. The current stock price of ₺11.24 is trading 18.7% above its estimated GF Value™ of ₺9.47. GuruFocus considers NATURELGAZNAYI VE TICARET AS to be Modestly Overvalued.

Key valuation signals for IST:NTGAZ:

  • EV-to-EBITDA: 3.27 (11% below median its 10-year median of 3.67)
  • GF Value™: ₺9.47 vs. price of ₺11.24 (18.7% above fair value)
  • GF Score™: 83/100 with 3 warning signs
  • Industry Position: 56.5% below the Oil & Gas median (#123 of 775)

No single metric tells the full story. See the IST:NTGAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NATURELGAZNAYI VE TICARET AS Business Description

Industry EnergyOil & Gas
Address Ali Kaya Street, Esentepe Neighborhood, Polat Plaza B Block No: 1/1, Interior Door No: 86, Istanbul, TUR, 34394
NATURELGAZ SANAYI VE TICARET AS activities of transmitting natural gas via CNG transport units to consumers who need natural gas but do not have access to pipelines, such as industrial establishments, factories, asphalt construction sites, hotels, and institutions requiring heating.
83GF Score

Get the complete analysis for IST:NTGAZ

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺11.24
Price
₺9.47
GF Value