Nippon Gas Co (TSE:8174) EV-to-FCF: 16.09 (As of Jul. 14, 2026) — 23% 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.

TSE:8174 Nippon Gas Co Ltd TSE:8174
83 GF Score
Price 円2,832.50
GF Value 円2,692.46
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Nippon Gas Co EV-to-FCF?

Nippon Gas Co TSE:8174 +0.43% 83 EV-to-FCF is 16.09 as of Jul. 14, 2026, which is 23% below its 10-year median of 20.85. GuruFocus rates TSE:8174 with a GF Score™ of 83/100 and a GF Value™ of 円2,692.46 (Fairly Valued). The stock has 4 warning signs investors should review. Among 300 Utilities - Regulated companies, Nippon Gas Co ranks better than 54.33% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Nippon Gas Co's Enterprise Value is 円328,266 Mil. Nippon Gas Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was 円20,399 Mil. Therefore, Nippon Gas Co's EV-to-FCF for today is 16.09.

The historical rank and industry rank for Nippon Gas Co's EV-to-FCF or its related term are showing as below:

TSE:8174' s EV-to-FCF Range Over the Past 10 Years
Min: -436.78   Med: 20.85   Max: 556.95
Current: 16.03

During the past 13 years, the highest EV-to-FCF of Nippon Gas Co was 556.95. The lowest was -436.78. And the median was 20.85.

TSE:8174's EV-to-FCF is ranked better than
54.33% of 300 companies
in the Utilities - Regulated industry
Industry Median: 18.24 vs TSE:8174: 16.03

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.

As of today (2026-07-14), Nippon Gas Co's stock price is 円2832.50. Nippon Gas Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was 円136.690. Therefore, Nippon Gas Co's PE Ratio (TTM) for today is 20.72.


Nippon Gas Co  (TSE:8174) 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.

Nippon Gas Co's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=2832.50/136.690
=20.72

Nippon Gas Co's share price for today is 円2832.50.
Nippon 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 円136.690.

* 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.


Nippon Gas Co EV-to-FCF Related Terms


Nippon Gas Co EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Nippon 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.

Nippon Gas Co EV-to-FCF Chart

Nippon Gas Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.33 20.68 22.76 13.81 16.62

Nippon Gas Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF 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 13.81 19.71 17.60 20.05 16.62

TSE:8174 vs ATO, NI: EV-to-FCF Comparison

For the Utilities - Regulated Gas subindustry, Nippon 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.


Nippon Gas Co EV-to-FCF vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Nippon Gas Co's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Nippon Gas Co's EV-to-FCF falls into.


TSE:8174
83GF Score
Nippon Gas Co Ltd TSE:8174
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Gas Co EV-to-FCF Calculation

Nippon Gas Co's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=328265.949/20399
=16.09

Nippon Gas Co's current Enterprise Value is 円328,266 Mil.
Nippon 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 円20,399 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-FCF →
What does a EV-to-FCF of 16.09 mean?
Nippon Gas Co (TSE:8174) has a EV-to-FCF of 16.09 as of Jul. 14, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Nippon Gas Co and its competitors. This is 23% below median its historical median of 20.85. According to the industry distribution chart, Nippon Gas Co ranks #137 out of 300 companies in the Utilities - Regulated industry, placing it in the top 45.7%.
Is Nippon Gas Co's EV-to-FCF too high?
Nippon Gas Co's current EV-to-FCF of 16.09 is 23% below median its 10-year median of 20.85. The Utilities - Regulated industry median EV-to-FCF is 18.24. Nippon Gas Co's value of 16.09 is 11.8% below this industry median. Based on the distribution chart, Nippon Gas Co ranks #137 out of 300 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Nippon Gas Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nippon Gas Co's EV-to-FCF compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Nippon Gas Co ranks #137 out of 300 companies for EV-to-FCF. This puts Nippon Gas Co in the upper half of its industry. The industry median EV-to-FCF is 18.24. Nippon Gas Co's value of 16.09 is 11.8% below this benchmark. While the company's 10-year median is 20.85 vs. the industry median of 18.24, Nippon Gas Co 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 18.24, based on 300 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. Nippon Gas Co's current EV-to-FCF of 16.09 is 11.8% 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 Nippon Gas Co and its competitors. For the Utilities - Regulated industry, the median EV-to-FCF is 18.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Gas Co's current EV-to-FCF is 16.09, which is 23% below median its own 10-year median of 20.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Gas Co (TSE:8174) is currently considered Fairly Valued. The stock's GF Value™ is 円2,692.46, compared to a current price of 円2,832.50 — trading 5.2% above its estimated fair value. The current EV-to-FCF is 16.09, which is 23% below median its 10-year median of 20.85 and 11.8% below the Utilities - Regulated industry median of 18.24. Nippon Gas Co's overall GF Score™ is 83/100 with 4 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 Nippon Gas Co (TSE:8174), the current EV-to-FCF is 16.09 as of Jul. 14, 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 Nippon Gas Co (TSE:8174) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Gas Co stock appears to be overvalued. The current stock price of 円2,832.50 is trading 5.2% above its estimated GF Value™ of 円2,692.46. GuruFocus considers Nippon Gas Co to be Fairly Valued.

Key valuation signals for TSE:8174:

  • EV-to-FCF: 16.09 (23% below median its 10-year median of 20.85)
  • GF Value™: 円2,692.46 vs. price of 円2,832.50 (5.2% above fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 11.8% below the Utilities - Regulated median (#137 of 300)

No single metric tells the full story. See the TSE:8174 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Gas Co Business Description

Other Exchanges NPNGY:USANG0:Germany
Address 10, No. 7, No. 2-chome, Tokyo, JPN, 104-8540
Nippon Gas Co Ltd, or Nichigas, is a Japanese supplier of gas primarily in the Kanto region of Japan. The company segments its operations into LP Gas, City Gas, Electricity, and Life Products Businesses. LP Gas and City Gas are Nichigas' core segments, which engage in the distribution and sale of liquefied petroleum gas, or LPG, and city gas for consumer usage. The company's total revenue is split between sales of LPG and city gas, with LPG generating slightly more. Roughly half of Nichigas' customers are residential consumers in terms of sales volume, while the other half are commercial entities. With its subsidiaries, the company is also involved in the distribution and sale of liquefied natural gas, high-pressure gas, and gas appliances.
83GF Score

Get the complete analysis for TSE:8174

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

円2,832.50
Price
円2,692.46
GF Value