National Fuel Gas CoMEX:NFG 60 EV-to-FCF is 30.45 as of Jun. 29, 2026, which is 17% below its 10-year median of 36.72. GuruFocus rates MEX:NFG with a GF Score™ of 60/100 and a GF Value™ of MXN1,337.04 (Fairly Valued). The stock has 1 warning sign investors should review. Among 581 Oil & Gas companies, National Fuel Gas Co ranks worse than 76.94% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, National Fuel Gas Co's Enterprise Value is MXN172,645 Mil.
National Fuel Gas Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was MXN5,670 Mil. Therefore, National Fuel Gas Co's EV-to-FCF for today is 30.45.
The historical rank and industry rank for National Fuel Gas Co's EV-to-FCF or its related term are showing as below:
MEX:NFG'
s EV-to-FCF Range Over the Past 10 Years
Min: -382.09 Med: 36.72 Max: 12712.51
Current: 32.14
During the past 13 years, the highest EV-to-FCF of National Fuel Gas Co was 12712.51. The lowest was -382.09. And the median was 36.72.
MEX:NFG's EV-to-FCF is ranked worse than 76.94% of 581
companies
in the Oil & Gas industry
Industry Median: 15.46
vs MEX:NFG: 32.14
EV-to-FCF 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.
National Fuel Gas Co (MEX:NFG) EV-to-FCF Explanation
EV-to-FCF 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.
National Fuel Gas Co's PE Ratio (TTM) for today is calculated as:
National Fuel Gas Co's share price for today is MXN1335.00.
National Fuel Gas Co's Earnings per Share (Diluted) 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 MXN134.802.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
National Fuel Gas Co EV-to-FCF Related Terms
National Fuel Gas Co EV-to-FCF Historical Data
* Premium members only.
The historical data trend for National Fuel Gas Co's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Fuel Gas Co's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where National Fuel Gas Co's EV-to-FCF falls into.
National Fuel Gas Co's current Enterprise Value is MXN172,645 Mil.
National Fuel Gas Co's Free Cash Flow 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 MXN5,670 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 (MEX:NFG) has a EV-to-FCF of 30.45 as of Jun. 29, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on National Fuel Gas Co and its competitors. This is 17% below median its historical median of 36.72. According to the industry distribution chart, National Fuel Gas Co ranks #447 out of 581 companies in the Oil & Gas industry, placing it in the top 76.9%.
Is National Fuel Gas Co's EV-to-FCF too high?
National Fuel Gas Co's current EV-to-FCF of 30.45 is 17% below median its 10-year median of 36.72. The Oil & Gas industry median EV-to-FCF is 15.46. National Fuel Gas Co's value of 30.45 is 97% above this industry median. Based on the distribution chart, National Fuel Gas Co ranks #447 out of 581 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, National Fuel Gas Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Fuel Gas Co's EV-to-FCF compare to DEC and UNTC?
According to the Oil & Gas industry distribution chart, National Fuel Gas Co ranks #447 out of 581 companies for EV-to-FCF. This places National Fuel Gas Co in the lower half of its industry. The industry median EV-to-FCF is 15.46. National Fuel Gas Co's value of 30.45 is 97% above this benchmark. While the company's 10-year median is 36.72 vs. the industry median of 15.46, National Fuel Gas 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 EV-to-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.46, based on 581 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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-FCF of 30.45 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on National Fuel Gas Co and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.46 — 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-FCF is 30.45, which is 17% below median its own 10-year median of 36.72. 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 (MEX:NFG) is currently considered Fairly Valued. The stock's GF Value™ is MXN1,337.04, compared to a current price of MXN1,335.00 — trading 0.2% below its estimated fair value. The current EV-to-FCF is 30.45, which is 17% below median its 10-year median of 36.72 and 97% above the Oil & Gas industry median of 15.46. National Fuel Gas Co's overall GF Score™ is 60/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For National Fuel Gas Co (MEX:NFG), the current EV-to-FCF is 30.45 as of Jun. 29, 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 (MEX:NFG) Overvalued in 2026?
Based on GuruFocus' analysis, National Fuel Gas Co stock appears to be undervalued.
The current stock price of MXN1,335.00 is trading 0.2% below its estimated GF Value™ of MXN1,337.04.
GuruFocus considers National Fuel Gas Co to be Fairly Valued.
Key valuation signals for MEX:NFG:
EV-to-FCF: 30.45 (17% below median its 10-year median of 36.72)
GF Value™: MXN1,337.04 vs. price of MXN1,335.00 (0.2% below fair value)
Industry Position: 97% above the Oil & Gas median (#447 of 581)
No single metric tells the full story. See the MEX: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.
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