NFG (National Fuel Gas Co) Total Inventories: $72 Mil (As of Mar. 2026)


NFG National Fuel Gas Co NFG
86 GF Score
Price $76.63
GF Value $78.57
Valuation Fairly Valued
! 1 Warning Sign
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What is National Fuel Gas Co Total Inventories?

National Fuel Gas Co NFG -0.57% 86 Total Inventories is $72 Mil as of Mar. 2026. GuruFocus rates NFG with a GF Score™ of 86/100 and a GF Value™ of $78.57 (Fairly Valued). The stock has 1 warning sign investors should review.

National Fuel Gas Co's total inventories for the quarter that ended in Mar. 2026 was $72 Mil. National Fuel Gas Co's average total inventories from the quarter that ended in Dec. 2025 to the quarter that ended in Mar. 2026 was $81 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. National Fuel Gas Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2026 was $-52.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. National Fuel Gas Co's Days Inventory for the three months ended in Mar. 2026 was 15.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. National Fuel Gas Co's Inventory Turnover for the quarter that ended in Mar. 2026 was 6.03.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. National Fuel Gas Co's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.09.


National Fuel Gas Co  (NYSE:NFG) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

National Fuel Gas Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2026 is

Net-Net Working Capital Per Share (Q: Mar. 2026 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(26.596+0.75 * 292.548+0.5 * 71.546-5303.105
-0-0)/95.027
=-52.84

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

National Fuel Gas Co's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=80.5545/485.964*365 / 4
=15.13

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

National Fuel Gas Co's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2026 ) / Average Total Inventories (Q: Mar. 2026 )
=485.964 / 80.5545
=6.03

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

National Fuel Gas Co's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=80.5545 / 858.373
=0.09

* 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.


Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


National Fuel Gas Co Total Inventories Related Terms


National Fuel Gas Co Total Inventories Historical Data

* Premium members only.

The historical data trend for National Fuel Gas Co's Total Inventories 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.

National Fuel Gas Co Total Inventories Chart

National Fuel Gas Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 120.36 172.34 81.50 82.73 89.78

National Fuel Gas Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Inventories 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 58.43 66.74 89.78 89.56 71.55
NFG
86GF Score
National Fuel Gas Co NFG
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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National Fuel Gas Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of $72 Mil mean?
National Fuel Gas Co (NFG) has a Total Inventories of $72 Mil as of Mar. 2026. The total amount of inventory as recorded on a company's balance sheet. View historical data for National Fuel Gas Co and its competitors.
Is National Fuel Gas Co's Total Inventories too high?
National Fuel Gas Co's current Total Inventories is $72 Mil. Overall, National Fuel Gas Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Fuel Gas Co's Total Inventories compare to DEC and UNTC?
National Fuel Gas Co's Total Inventories of $72 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 Total Inventories for an Oil & Gas company?
A good Total Inventories depends on the Oil & Gas industry context. However, Total Inventories 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 Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for National Fuel Gas Co and its competitors. National Fuel Gas Co's current Total Inventories is $72 Mil. 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 (NFG) is currently considered Fairly Valued. The stock's GF Value™ is $78.57, compared to a current price of $76.63 — trading 2.5% below its estimated fair value. The current Total Inventories is $72 Mil. National Fuel Gas Co's overall GF Score™ is 86/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For National Fuel Gas Co (NFG), the current Total Inventories is $72 Mil as of Mar. 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 (NFG) Overvalued in 2026?

Based on GuruFocus' analysis, National Fuel Gas Co stock appears to be undervalued. The current stock price of $76.63 is trading 2.5% below its estimated GF Value™ of $78.57. GuruFocus considers National Fuel Gas Co to be Fairly Valued.

Key valuation signals for NFG:

  • Total Inventories: $72 Mil
  • GF Value™: $78.57 vs. price of $76.63 (2.5% below fair value)
  • GF Score™: 86/100 with 1 warning sign

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


National Fuel Gas Co Business Description

Industry EnergyOil & Gas
Other Exchanges NFG:MexicoNFG:Germany
Address 6363 Main Street, Williamsville, NY, USA, 14221
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.
86GF Score

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

$76.63
Price
$78.57
GF Value