National Fuel Gas CoNFG +2.54%86 PS Ratio is 2.91 as of Jun. 29, 2026, which is 1% above its 10-year median of 2.89. 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. Among 882 Oil & Gas companies, National Fuel Gas Co ranks worse than 73.92% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, National Fuel Gas Co's share price is $78.45.
National Fuel Gas Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $27.01. Hence, National Fuel Gas Co's PS Ratio for today is 2.91.
Good Sign:
National Fuel Gas Co stock PS Ratio (=2.91) is close to 1-year low of 2.81.
The historical rank and industry rank for National Fuel Gas Co's PS Ratio or its related term are showing as below:
NFG'
s PS Ratio Range Over the Past 10 Years
Min: 1.79 Med: 2.89 Max: 3.92
Current: 2.91
During the past 13 years, National Fuel Gas Co's highest PS Ratio was 3.92. The lowest was 1.79. And the median was 2.89.
NFG's PS Ratio is ranked worse than 73.92% of 882
companies
in the Oil & Gas industry
Industry Median: 1.295
vs NFG: 2.91
During the past 12 months, the average Revenue per Share Growth Rate of National Fuel Gas Co was 19.50% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 1.70% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 6.10% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 2.70% per year.
During the past 13 years, National Fuel Gas Co's highest 3-Year average Revenue per Share Growth Rate was 16.90% per year. The lowest was -9.60% per year. And the median was 1.00% per year.
Back to Basics: PS Ratio
National Fuel Gas Co (NYSE:NFG) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
National Fuel Gas Co PS Ratio Related Terms
National Fuel Gas Co PS Ratio Historical Data
* Premium members only.
The historical data trend for National Fuel Gas Co's PS Ratio 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 Oil & Gas Integrated subindustry, National Fuel Gas Co's PS Ratio, along with its competitors' market caps and PS 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.
National Fuel Gas Co PS Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Fuel Gas Co's PS Ratio distribution charts can be found below:
* The bar in red indicates where National Fuel Gas Co's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
National Fuel Gas Co's Share Price of today is $78.45. National Fuel Gas Co's Revenue per Share 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 $27.01.
* 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:
National Fuel Gas Co (NFG) has a PS Ratio of 2.91 as of Jun. 29, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on National Fuel Gas Co and its competitors. This is near median its historical median of 2.89. Over the past decade, National Fuel Gas Co's PS Ratio has ranged from 1.79 to 3.92. According to the industry distribution chart, National Fuel Gas Co ranks #652 out of 882 companies in the Oil & Gas industry, placing it in the top 73.9%.
Is National Fuel Gas Co's PS Ratio too high?
National Fuel Gas Co's current PS Ratio of 2.91 is near median its 10-year median of 2.89. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 3.92. The Oil & Gas industry median PS Ratio is 1.30. National Fuel Gas Co's value of 2.91 is 124.7% above this industry median. Based on the distribution chart, National Fuel Gas Co ranks #652 out of 882 companies in the Oil & Gas industry, which is below the industry midpoint. 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 PS Ratio compare to DEC and UNTC?
According to the Oil & Gas industry distribution chart, National Fuel Gas Co ranks #652 out of 882 companies for PS Ratio. This places National Fuel Gas Co in the lower half of its industry. The industry median PS Ratio is 1.30. National Fuel Gas Co's value of 2.91 is 124.7% above this benchmark. Historically, National Fuel Gas Co's own PS Ratio has ranged from 1.79 to 3.92 over the past decade. While the company's 10-year median is 2.89 vs. the industry median of 1.30, National Fuel Gas Co has consistently been above 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 PS Ratio for an Oil & Gas company?
The median PS Ratio among Oil & Gas companies is 1.30, based on 882 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Fuel Gas Co's current PS Ratio of 2.91 is 124.7% above 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on National Fuel Gas Co and its competitors. For the Oil & Gas industry, the median PS Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Fuel Gas Co's current PS Ratio is 2.91, which is near median its own 10-year median of 2.89. 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 $78.45 — trading 0.2% below its estimated fair value. The current PS Ratio is 2.91, which is near median its 10-year median of 2.89 and 124.7% above the Oil & Gas industry median of 1.30. 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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For National Fuel Gas Co (NFG), the current PS Ratio is 2.91 as of Jun. 29, 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 $78.45 is trading 0.2% below its estimated GF Value™ of $78.57.
GuruFocus considers National Fuel Gas Co to be Fairly Valued.
Key valuation signals for NFG:
PS Ratio: 2.91 (near median its 10-year median of 2.89)
GF Value™: $78.57 vs. price of $78.45 (0.2% below fair value)
Industry Position: 124.7% above the Oil & Gas median (#652 of 882)
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 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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