Northwest Natural Holding CoNWN +0.14%70 PB Ratio is 1.35 as of Jun. 25, 2026, which is 20% below its 10-year median of 1.68. GuruFocus rates NWN with a GF Score™ of 70/100 and a GF Value™ of $42.33 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 502 Utilities - Regulated companies, Northwest Natural Holding Co ranks better than 53.39% on this metric.
Northwest Natural Holding Co stock PB Ratio (=1.35) is close to 3-year high of 1.49.
The historical rank and industry rank for Northwest Natural Holding Co's PB Ratio or its related term are showing as below:
NWN'
s PB Ratio Range Over the Past 10 Years
Min: 0.99 Med: 1.68 Max: 2.76
Current: 1.35
During the past 13 years, Northwest Natural Holding Co's highest PB Ratio was 2.76. The lowest was 0.99. And the median was 1.68.
NWN's PB Ratio is ranked better than 53.39% of 502
companies
in the Utilities - Regulated industry
Industry Median: 1.43
vs NWN: 1.35
During the past 12 months, Northwest Natural Holding Co's average Book Value Per Share Growth Rate was 3.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Northwest Natural Holding Co was 26.50% per year. The lowest was -14.70% per year. And the median was 3.60% per year.
Back to Basics: PB Ratio
Northwest Natural Holding Co (NYSE:NWN) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Northwest Natural Holding Co PB Ratio Related Terms
Northwest Natural Holding Co PB Ratio Historical Data
* 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, Northwest Natural Holding Co's PB Ratio, along with its competitors' market caps and PB Ratio 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.
Northwest Natural Holding Co PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Northwest Natural Holding Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Northwest Natural Holding Co's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Northwest Natural Holding Co (NWN) has a PB Ratio of 1.35 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Northwest Natural Holding Co and its competitors. This is 20% below median its historical median of 1.68. Over the past decade, Northwest Natural Holding Co's PB Ratio has ranged from 0.99 to 2.76. According to the industry distribution chart, Northwest Natural Holding Co ranks #234 out of 502 companies in the Utilities - Regulated industry, placing it in the top 46.6%.
Is Northwest Natural Holding Co's PB Ratio too high?
Northwest Natural Holding Co's current PB Ratio of 1.35 is 20% below median its 10-year median of 1.68. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 2.76. The Utilities - Regulated industry median PB Ratio is 1.43. Northwest Natural Holding Co's value of 1.35 is 5.6% below this industry median. Based on the distribution chart, Northwest Natural Holding Co ranks #234 out of 502 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Northwest Natural Holding Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northwest Natural Holding Co's PB Ratio compare to SPH and CPK?
According to the Utilities - Regulated industry distribution chart, Northwest Natural Holding Co ranks #234 out of 502 companies for PB Ratio. This puts Northwest Natural Holding Co in the upper half of its industry. The industry median PB Ratio is 1.43. Northwest Natural Holding Co's value of 1.35 is 5.6% below this benchmark. Historically, Northwest Natural Holding Co's own PB Ratio has ranged from 0.99 to 2.76 over the past decade. While the company's 10-year median is 1.68 vs. the industry median of 1.43, Northwest Natural Holding 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 PB Ratio for an Utilities - Regulated company?
The median PB Ratio among Utilities - Regulated companies is 1.43, based on 502 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Northwest Natural Holding Co's current PB Ratio of 1.35 is 5.6% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Northwest Natural Holding Co and its competitors. For the Utilities - Regulated industry, the median PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northwest Natural Holding Co's current PB Ratio is 1.35, which is 20% below median its own 10-year median of 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northwest Natural Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Northwest Natural Holding Co (NWN) is currently considered Modestly Overvalued. The stock's GF Value™ is $42.33, compared to a current price of $50.60 — trading 19.5% above its estimated fair value. The current PB Ratio is 1.35, which is 20% below median its 10-year median of 1.68 and 5.6% below the Utilities - Regulated industry median of 1.43. Northwest Natural Holding Co's overall GF Score™ is 70/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Northwest Natural Holding Co (NWN), the current PB Ratio is 1.35 as of Jun. 25, 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 Northwest Natural Holding Co (NWN) Overvalued in 2026?
Based on GuruFocus' analysis, Northwest Natural Holding Co stock appears to be overvalued.
The current stock price of $50.60 is trading 19.5% above its estimated GF Value™ of $42.33.
GuruFocus considers Northwest Natural Holding Co to be Modestly Overvalued.
Key valuation signals for NWN:
PB Ratio: 1.35 (20% below median its 10-year median of 1.68)
GF Value™: $42.33 vs. price of $50.60 (19.5% above fair value)
Industry Position: 5.6% below the Utilities - Regulated median (#234 of 502)
No single metric tells the full story. See the NWN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northwest Natural Holding Co is a public natural gas service supplier operating in the U.S. Pacific Northwest. Its subsidiary, NW Natural, operates through the natural gas distribution segment, which purchases and distributes natural gas through which operates in Oregon and southwest Washington. The company operates in three reportable business segments, which are NWN Gas Utility, SiEnergy, and NWN Water. The company generates maximum revenue from NWN Gas Utility segment. It also generates revenue from residential, commercial, and industrial customers, the majority of which are in Oregon. Residential and commercial customers account for the vast majority of profitability.
70GF Score
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