NATURELGAZNAYI VE TICARET AS (IST:NTGAZ) Enterprise Value: ₺7,139 Mil (As of Aug. 20, 2026) ***

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 ₺10.81
GF Value ₺9.46
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is NATURELGAZNAYI VE TICARET AS Enterprise Value?

NATURELGAZNAYI VE TICARET AS IST:NTGAZ +1.22% 83 Enterprise Value is ₺7,139 Mil as of Aug. 20, 2026. GuruFocus rates IST:NTGAZ with a GF Score™ of 83/100 and a GF Value™ of ₺9.46 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, NATURELGAZNAYI VE TICARET AS's Enterprise Value is ₺7,139 Mil. NATURELGAZNAYI VE TICARET AS's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ₺1,775 Mil. Therefore, NATURELGAZNAYI VE TICARET AS's EV-to-EBIT ratio for today is 4.02.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, NATURELGAZNAYI VE TICARET AS's Enterprise Value is ₺7,139 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 ratio for today is 3.14.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, NATURELGAZNAYI VE TICARET AS's Enterprise Value is ₺7,139 Mil. NATURELGAZNAYI VE TICARET AS's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 was ₺9,032 Mil. Therefore, NATURELGAZNAYI VE TICARET AS's EV-to-Revenue ratio for today is 0.79.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, NATURELGAZNAYI VE TICARET AS's Enterprise Value is ₺7,139 Mil. NATURELGAZNAYI VE TICARET AS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was ₺1,634 Mil. Therefore, NATURELGAZNAYI VE TICARET AS's EV-to-OCF ratio for today is 4.37.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, NATURELGAZNAYI VE TICARET AS's Enterprise Value is ₺7,139 Mil. NATURELGAZNAYI VE TICARET AS's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was ₺803 Mil. Therefore, NATURELGAZNAYI VE TICARET AS's EV-to-FCF ratio for today is 8.89.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


NATURELGAZNAYI VE TICARET AS  (IST:NTGAZ) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

NATURELGAZNAYI VE TICARET AS's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=7139.092/1774.614
=4.02

NATURELGAZNAYI VE TICARET AS's current Enterprise Value is ₺7,139 Mil.
NATURELGAZNAYI VE TICARET AS's EBIT 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 ₺1,775 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

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

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=7139.092/2272.76
=3.14

NATURELGAZNAYI VE TICARET AS's current Enterprise Value is ₺7,139 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.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

NATURELGAZNAYI VE TICARET AS's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=7139.092/9032.069
=0.79

NATURELGAZNAYI VE TICARET AS's current Enterprise Value is ₺7,139 Mil.
NATURELGAZNAYI VE TICARET AS's Revenue 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 ₺9,032 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

NATURELGAZNAYI VE TICARET AS's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=7139.092/1633.926
=4.37

NATURELGAZNAYI VE TICARET AS's current Enterprise Value is ₺7,139 Mil.
NATURELGAZNAYI VE TICARET AS'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 ₺1,634 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

NATURELGAZNAYI VE TICARET AS's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=7139.092/803.003
=8.89

NATURELGAZNAYI VE TICARET AS's current Enterprise Value is ₺7,139 Mil.
NATURELGAZNAYI VE TICARET AS's Free Cash Flow 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 ₺803 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.


NATURELGAZNAYI VE TICARET AS Enterprise Value Related Terms


NATURELGAZNAYI VE TICARET AS Enterprise Value Historical Data

* Premium members only.

The historical data trend for NATURELGAZNAYI VE TICARET AS's Enterprise Value 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 Enterprise Value Chart

NATURELGAZNAYI VE TICARET AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial 757.68 4,581.63 5,082.38 4,285.84 7,253.42

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
Enterprise Value 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 5,849.05 6,314.57 7,253.42 7,577.04 7,539.29

IST:NTGAZ vs WMB, EPD, KMI: Enterprise Value Comparison

For the Oil & Gas Midstream subindustry, NATURELGAZNAYI VE TICARET AS's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NATURELGAZNAYI VE TICARET AS's Enterprise Value distribution charts can be found below:

* The bar in red indicates where NATURELGAZNAYI VE TICARET AS's Enterprise Value falls into.


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

NATURELGAZNAYI VE TICARET AS Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

NATURELGAZNAYI VE TICARET AS's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

NATURELGAZNAYI VE TICARET AS's Enterprise Value for the quarter that ended in Jun. 2026 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of ₺7,139 Mil mean?
NATURELGAZNAYI VE TICARET AS (IST:NTGAZ) has a Enterprise Value of ₺7,139 Mil as of Aug. 20, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on NATURELGAZNAYI VE TICARET AS and its competitors.
Is NATURELGAZNAYI VE TICARET AS's Enterprise Value too high?
NATURELGAZNAYI VE TICARET AS's current Enterprise Value is ₺7,139 Mil. 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 Enterprise Value compare to WMB and EPD?
NATURELGAZNAYI VE TICARET AS's Enterprise Value of ₺7,139 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Oil & Gas company?
A good Enterprise Value depends on the Oil & Gas industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on NATURELGAZNAYI VE TICARET AS and its competitors. NATURELGAZNAYI VE TICARET AS's current Enterprise Value is ₺7,139 Mil. 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 ₺9.46, compared to a current price of ₺10.81 — trading 14.3% above its estimated fair value. The current Enterprise Value is ₺7,139 Mil. 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For NATURELGAZNAYI VE TICARET AS (IST:NTGAZ), the current Enterprise Value is ₺7,139 Mil as of Aug. 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 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 ₺10.81 is trading 14.3% above its estimated GF Value™ of ₺9.46. GuruFocus considers NATURELGAZNAYI VE TICARET AS to be Modestly Overvalued.

Key valuation signals for IST:NTGAZ:

  • Enterprise Value: ₺7,139 Mil
  • GF Value™: ₺9.46 vs. price of ₺10.81 (14.3% above fair value)
  • GF Score™: 83/100 with 3 warning signs

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

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

₺10.81
Price
₺9.46
GF Value