NorthWestern Energy Group (FRA:NWZA) Market Cap: €3,732 Mil (As of Aug. 21, 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.

FRA:NWZA NorthWestern Energy Group Inc FRA:NWZA
76 GF Score
Price €59.50
GF Value €52.07
! 12 Warning Signs
View Full Analysis

What is NorthWestern Energy Group Market Cap?

NorthWestern Energy Group FRA:NWZA -0.83% 76 Market Cap is €3,732 Mil as of Aug. 21, 2026. GuruFocus rates FRA:NWZA with a GF Score™ of 76/100 and a GF Value™ of €52.07. The stock has 12 warning signs investors should review. Among 510 Utilities - Regulated companies, NorthWestern Energy Group ranks better than 75.88% on this metric.

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). NorthWestern Energy Group's share price for the quarter that ended in Jun. 2026 was €63. NorthWestern Energy Group's Shares Outstanding (EOP) for the quarter that ended in Jun. 2026 was 62 Mil. Therefore, NorthWestern Energy Group's market cap for the quarter that ended in Jun. 2026 was €3,875 Mil.

NorthWestern Energy Group's quarterly market cap increased from Dec. 2025 (€3,347 Mil) to Mar. 2026 (€3,506 Mil) and increased from Mar. 2026 (€3,506 Mil) to Jun. 2026 (€3,875 Mil).

NorthWestern Energy Group's annual market cap increased from Dec. 2023 (€2,817 Mil) to Dec. 2024 (€3,097 Mil) and increased from Dec. 2024 (€3,097 Mil) to Dec. 2025 (€3,347 Mil).

Enterprise Value is 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 and cash equivalents. NorthWestern Energy Group's Enterprise Value for Today is €6,809 Mil.


NorthWestern Energy Group  (FRA:NWZA) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the company’s debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.


NorthWestern Energy Group Market Cap Related Terms


NorthWestern Energy Group Market Cap Historical Data

* Premium members only.

The historical data trend for NorthWestern Energy Group's Market Cap 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.

NorthWestern Energy Group Market Cap Chart

NorthWestern Energy Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Market Cap
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,692.19 3,315.79 2,817.45 3,096.71 3,347.28

NorthWestern Energy Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Market Cap 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 2,627.36 2,996.37 3,347.28 3,505.67 3,875.32

FRA:NWZA vs MGEE, POR, TXNM: Market Cap Comparison

For the Utilities - Regulated Electric subindustry, NorthWestern Energy Group's Market Cap, along with its competitors' market caps and Market Cap 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.


NorthWestern Energy Group Market Cap vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, NorthWestern Energy Group's Market Cap distribution charts can be found below:

* The bar in red indicates where NorthWestern Energy Group's Market Cap falls into.


FRA:NWZA
76GF Score
NorthWestern Energy Group Inc FRA:NWZA
Market Cap is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NorthWestern Energy Group Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

NorthWestern Energy Group's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as

Market Cap (A: Dec. 2025 )=Share Price (A: Dec. 2025 )*Shares Outstanding (EOP) (A: Dec. 2025 )
=€54.5*61.418
=€3,347

NorthWestern Energy Group's Market Cap for the quarter that ended in Jun. 2026 is calculated as

Market Cap (Q: Jun. 2026 )=Share Price (Q: Jun. 2026 )*Shares Outstanding (EOP) (Q: Jun. 2026 )
=€63*61.513
=€3,875

* 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 Market Cap →
What does a Market Cap of €3,732 Mil mean?
NorthWestern Energy Group (FRA:NWZA) has a Market Cap of €3,732 Mil as of Aug. 21, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on NorthWestern Energy Group and its competitors. According to the industry distribution chart, NorthWestern Energy Group ranks #123 out of 510 companies in the Utilities - Regulated industry, placing it in the top 24.1%.
Is NorthWestern Energy Group's Market Cap too high?
NorthWestern Energy Group's current Market Cap is €3,732 Mil. Based on the distribution chart, NorthWestern Energy Group ranks #123 out of 510 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, NorthWestern Energy Group has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does NorthWestern Energy Group's Market Cap compare to MGEE and POR?
According to the Utilities - Regulated industry distribution chart, NorthWestern Energy Group ranks #123 out of 510 companies for Market Cap. This places NorthWestern Energy Group in the top 24% of its industry — outperforming the majority of peers. The industry median Market Cap is 922.34. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Utilities - Regulated company?
The median Market Cap among Utilities - Regulated companies is 922.34, based on 510 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on NorthWestern Energy Group and its competitors. For the Utilities - Regulated industry, the median Market Cap is 922.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NorthWestern Energy Group's current Market Cap is €3,732 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NorthWestern Energy Group stock overvalued right now?
NorthWestern Energy Group (FRA:NWZA) has a current Market Cap of €3,732 Mil. The stock's GF Value™ is €52.07, compared to a current price of €59.50 — trading 14.3% above its estimated fair value. The current Market Cap is €3,732 Mil. NorthWestern Energy Group's overall GF Score™ is 76/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For NorthWestern Energy Group (FRA:NWZA), the current Market Cap is €3,732 Mil as of Aug. 21, 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 NorthWestern Energy Group (FRA:NWZA) Overvalued in 2026?

Based on GuruFocus' analysis, NorthWestern Energy Group stock appears to be overvalued. The current stock price of €59.50 is trading 14.3% above its estimated GF Value™ of €52.07.

Key valuation signals for FRA:NWZA:

  • Market Cap: €3,732 Mil
  • GF Value™: €52.07 vs. price of €59.50 (14.3% above fair value)
  • GF Score™: 76/100 with 12 warning signs

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


NorthWestern Energy Group Business Description

Other Exchanges NWE:USA
Address 3010 W. 69th Street, Sioux Falls, SD, USA, 57108
NorthWestern Energy Group Inc provides electricity and natural gas services in the Upper Midwest and Northwest of the U.S. in the states of Montana, South Dakota, Nebraska, and Yellowstone National Park. The company's primary segments include Electric, which includes the generation, purchase, transmission, and distribution of electricity, and Natural Gas, which includes the production, purchase, transmission, storage, and distribution of natural gas. It uses thermal, wind, hydro, or renewable energy in varying quantities, depending on the location of the facilities, to generate power. The company derives the majority of its revenue from the Electric segment.
76GF Score

Get the complete analysis for FRA:NWZA

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

€59.50
Price
€52.07
GF Value