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NorthWestern Energy GroupNWE -0.18%76 EV-to-OCF is 19.10 as of Sep. 05, 2026, which is 17% above its 10-year median of 16.26. GuruFocus rates NWE with a GF Score™ of 76/100 and a GF Value™ of $62.02 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 507 Utilities - Regulated companies, NorthWestern Energy Group ranks worse than 80.28% on this metric.
The historical rank and industry rank for NorthWestern Energy Group's EV-to-OCF or its related term are showing as below:
NWE'
s EV-to-OCF Range Over the Past 10 Years
Min: 11.62 Med: 16.26 Max: 26.64
Current: 19.1
During the past 13 years, the highest EV-to-OCF of NorthWestern Energy Group was 26.64. The lowest was 11.62. And the median was 16.26.
NWE's EV-to-OCF is ranked worse than 80.28% of 507
companies
in the Utilities - Regulated industry
Industry Median: 10.42
vs NWE: 19.10
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
NorthWestern Energy Group (NAS:NWE) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
NorthWestern Energy Group's PE Ratio (TTM) for today is calculated as:
NorthWestern Energy Group's share price for today is $70.79.
NorthWestern Energy Group'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 $2.770.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
NorthWestern Energy Group EV-to-OCF Related Terms
NorthWestern Energy Group EV-to-OCF 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 Electric subindustry, NorthWestern Energy Group's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
NorthWestern Energy Group EV-to-OCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, NorthWestern Energy Group's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where NorthWestern Energy Group's EV-to-OCF falls into.
NorthWestern Energy Group's current Enterprise Value is $7,947 Mil.
NorthWestern Energy Group's Cash Flow from Operations 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 $416 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.
NorthWestern Energy Group (NWE) has a EV-to-OCF of 19.10 as of Sep. 05, 2026. This is 17% above median its historical median of 16.26. Over the past decade, NorthWestern Energy Group's EV-to-OCF has ranged from 11.62 to 26.64. According to the industry distribution chart, NorthWestern Energy Group ranks #407 out of 507 companies in the Utilities - Regulated industry, placing it in the top 80.3%.
Is NorthWestern Energy Group's EV-to-OCF too high?
NorthWestern Energy Group's current EV-to-OCF of 19.10 is 17% above median its 10-year median of 16.26. Over the past 10 years, this metric has ranged from a low of 11.62 to a high of 26.64. The Utilities - Regulated industry median EV-to-OCF is 10.42. NorthWestern Energy Group's value of 19.10 is 83.3% above this industry median. Based on the distribution chart, NorthWestern Energy Group ranks #407 out of 507 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, NorthWestern Energy Group has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorthWestern Energy Group's EV-to-OCF compare to MGEE and POR?
According to the Utilities - Regulated industry distribution chart, NorthWestern Energy Group ranks #407 out of 507 companies for EV-to-OCF. This places NorthWestern Energy Group in the lower half of its industry. The industry median EV-to-OCF is 10.42. NorthWestern Energy Group's value of 19.10 is 83.3% above this benchmark. Historically, NorthWestern Energy Group's own EV-to-OCF has ranged from 11.62 to 26.64 over the past decade. While the company's 10-year median is 16.26 vs. the industry median of 10.42, NorthWestern Energy Group 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 EV-to-OCF for an Utilities - Regulated company?
The median EV-to-OCF among Utilities - Regulated companies is 10.42, based on 507 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NorthWestern Energy Group's current EV-to-OCF of 19.10 is 83.3% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median EV-to-OCF is 10.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NorthWestern Energy Group's current EV-to-OCF is 19.10, which is 17% above median its own 10-year median of 16.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NorthWestern Energy Group stock overvalued right now?
Based on GuruFocus' analysis, NorthWestern Energy Group (NWE) is currently considered Modestly Overvalued. The stock's GF Value™ is $62.02, compared to a current price of $70.79 — trading 14.1% above its estimated fair value. The current EV-to-OCF is 19.10, which is 17% above median its 10-year median of 16.26 and 83.3% above the Utilities - Regulated industry median of 10.42. NorthWestern Energy Group's overall GF Score™ is 76/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For NorthWestern Energy Group (NWE), the current EV-to-OCF is 19.10 as of Sep. 05, 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 NorthWestern Energy Group (NWE) Overvalued in 2026?
Based on GuruFocus' analysis, NorthWestern Energy Group stock appears to be overvalued.
The current stock price of $70.79 is trading 14.1% above its estimated GF Value™ of $62.02.
GuruFocus considers NorthWestern Energy Group to be Modestly Overvalued.
Key valuation signals for NWE:
EV-to-OCF: 19.10 (17% above median its 10-year median of 16.26)
GF Value™: $62.02 vs. price of $70.79 (14.1% above fair value)
Industry Position: 83.3% above the Utilities - Regulated median (#407 of 507)
No single metric tells the full story. See the NWE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NorthWestern Energy Group Inc provides electricity and natural gas services in the Upper Midwest and Northwest of the U.S. in the states of Montana, South Dakota, Nebraska, and Yellowstone National Park. The company's primary segments include Electric, which includes the generation, purchase, transmission, and distribution of electricity, and Natural Gas, which includes the production, purchase, transmission, storage, and distribution of natural gas. It uses thermal, wind, hydro, or renewable energy in varying quantities, depending on the location of the facilities, to generate power. The company derives the majority of its revenue from the Electric segment.
76GF Score
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