National Gas CoOGMUS:NGCI -1.82%32 EV-to-FCF is 4.15 as of Jul. 06, 2026, which is 3% below its 10-year median of 4.26. GuruFocus rates MUS:NGCI with a GF Score™ of 32/100 and a GF Value™ of ر.ع0.09 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 299 Utilities - Regulated companies, National Gas CoOG ranks better than 94.65% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, National Gas CoOG's Enterprise Value is ر.ع23.24 Mil.
National Gas CoOG's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was ر.ع5.60 Mil. Therefore, National Gas CoOG's EV-to-FCF for today is 4.15.
The historical rank and industry rank for National Gas CoOG's EV-to-FCF or its related term are showing as below:
MUS:NGCI'
s EV-to-FCF Range Over the Past 10 Years
Min: -490.63 Med: 4.26 Max: 123.27
Current: 4.18
During the past 13 years, the highest EV-to-FCF of National Gas CoOG was 123.27. The lowest was -490.63. And the median was 4.26.
MUS:NGCI's EV-to-FCF is ranked better than 94.65% of 299
companies
in the Utilities - Regulated industry
Industry Median: 18.58
vs MUS:NGCI: 4.18
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 Gas CoOG (MUS:NGCI) 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 Gas CoOG's PE Ratio (TTM) for today is calculated as:
National Gas CoOG's share price for today is ر.ع0.108.
National Gas CoOG's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ر.ع-0.009.
* 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 Gas CoOG EV-to-FCF Related Terms
National Gas CoOG EV-to-FCF Historical Data
* Premium members only.
The historical data trend for National Gas CoOG'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 Utilities - Regulated Gas subindustry, National Gas CoOG'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 Gas CoOG EV-to-FCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, National Gas CoOG's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where National Gas CoOG's EV-to-FCF falls into.
National Gas CoOG's current Enterprise Value is ر.ع23.24 Mil.
National Gas CoOG's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ر.ع5.60 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 Gas CoOG (MUS:NGCI) has a EV-to-FCF of 4.15 as of Jul. 06, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on National Gas CoOG and its competitors. This is near median its historical median of 4.26. According to the industry distribution chart, National Gas CoOG ranks #16 out of 299 companies in the Utilities - Regulated industry, placing it in the top 5.4%.
Is National Gas CoOG's EV-to-FCF too high?
National Gas CoOG's current EV-to-FCF of 4.15 is near median its 10-year median of 4.26. The Utilities - Regulated industry median EV-to-FCF is 18.58. National Gas CoOG's value of 4.15 is 77.7% below this industry median. Based on the distribution chart, National Gas CoOG ranks #16 out of 299 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, National Gas CoOG has a GF Score™ of 32/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Gas CoOG's EV-to-FCF compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, National Gas CoOG ranks #16 out of 299 companies for EV-to-FCF. This places National Gas CoOG in the top 5% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 18.58. National Gas CoOG's value of 4.15 is 77.7% below this benchmark. While the company's 10-year median is 4.26 vs. the industry median of 18.58, National Gas CoOG 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-FCF for an Utilities - Regulated company?
The median EV-to-FCF among Utilities - Regulated companies is 18.58, based on 299 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 Gas CoOG's current EV-to-FCF of 4.15 is 77.7% 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-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 Gas CoOG and its competitors. For the Utilities - Regulated industry, the median EV-to-FCF is 18.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Gas CoOG's current EV-to-FCF is 4.15, which is near median its own 10-year median of 4.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Gas CoOG stock overvalued right now?
Based on GuruFocus' analysis, National Gas CoOG (MUS:NGCI) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع0.09, compared to a current price of ر.ع0.11 — trading 20% above its estimated fair value. The current EV-to-FCF is 4.15, which is near median its 10-year median of 4.26 and 77.7% below the Utilities - Regulated industry median of 18.58. National Gas CoOG's overall GF Score™ is 32/100 with 9 warning signs 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 Gas CoOG (MUS:NGCI), the current EV-to-FCF is 4.15 as of Jul. 06, 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 Gas CoOG (MUS:NGCI) Overvalued in 2026?
Based on GuruFocus' analysis, National Gas CoOG stock appears to be overvalued.
The current stock price of ر.ع0.11 is trading 20% above its estimated GF Value™ of ر.ع0.09.
GuruFocus considers National Gas CoOG to be Modestly Overvalued.
Key valuation signals for MUS:NGCI:
EV-to-FCF: 4.15 (near median its 10-year median of 4.26)
GF Value™: ر.ع0.09 vs. price of ر.ع0.11 (20% above fair value)
Industry Position: 77.7% below the Utilities - Regulated median (#16 of 299)
No single metric tells the full story. See the MUS:NGCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Gas Co SAOG operates as a Liquefied Petroleum Gas filling plant. The company is engaged in the marketing, selling, and distribution of LPG. The group's only business segment is the marketing and selling of LPG. It operates a large fleet of tankers to lift bulk LPG from refineries in the Sultanate to its plants where it is bottled into cylinders in safe and controlled conditions. The company has different sizes of tankers to meet customer demand and reduce distribution costs. The company has different departments for project and design which takes care of design, engineering, procurement, installation, commissioning and testing of all projects and post-sale services.
32GF Score
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