NFG (National Fuel Gas Co) ROE % Adjusted to Book Value: 11.47% (As of Mar. 2026)


NFG National Fuel Gas Co NFG
86 GF Score
Price $76.72
GF Value $78.57
Valuation Fairly Valued
! 1 Warning Sign
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What is National Fuel Gas Co ROE % Adjusted to Book Value?

National Fuel Gas Co NFG +0.11% 86 ROE % Adjusted to Book Value is 11.47% 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 ROE % for the quarter that ended in Mar. 2026 was 26.73%. National Fuel Gas Co's PB Ratio for the quarter that ended in Mar. 2026 was 2.33. National Fuel Gas Co's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 11.47%.


National Fuel Gas Co ROE % Adjusted to Book Value Related Terms


National Fuel Gas Co ROE % Adjusted to Book Value Historical Data

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The historical data trend for National Fuel Gas Co's ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Chart

National Fuel Gas Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.22 10.80 11.75 1.38 6.46

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
ROE % Adjusted to Book Value 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 12.11 8.12 5.24 10.26 11.47

NFG vs DEC, UNTC, SLNG: ROE % Adjusted to Book Value Comparison

For the Oil & Gas Integrated subindustry, National Fuel Gas Co's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, National Fuel Gas Co's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where National Fuel Gas Co's ROE % Adjusted to Book Value falls into.


NFG
86GF Score
National Fuel Gas Co NFG
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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National Fuel Gas Co ROE % Adjusted to Book Value Calculation

National Fuel Gas Co's ROE % Adjusted to Book Value for the fiscal year that ended in Sep. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=17.45% / 2.70
=6.46%

National Fuel Gas Co's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=26.73% / 2.33
=11.47%

* 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.

What does a ROE % Adjusted to Book Value of 11.47% mean?
National Fuel Gas Co (NFG) has a ROE % Adjusted to Book Value of 11.47% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on National Fuel Gas Co and its competitors.
Is National Fuel Gas Co's ROE % Adjusted to Book Value too high?
National Fuel Gas Co's current ROE % Adjusted to Book Value is 11.47%. 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 ROE % Adjusted to Book Value compare to DEC and UNTC?
National Fuel Gas Co's ROE % Adjusted to Book Value of 11.47% 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 ROE % Adjusted to Book Value for an Oil & Gas company?
A good ROE % Adjusted to Book Value depends on the Oil & Gas industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on National Fuel Gas Co and its competitors. National Fuel Gas Co's current ROE % Adjusted to Book Value is 11.47%. 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 $76.72 — trading 2.4% below its estimated fair value. The current ROE % Adjusted to Book Value is 11.47%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For National Fuel Gas Co (NFG), the current ROE % Adjusted to Book Value is 11.47% 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 $76.72 is trading 2.4% below its estimated GF Value™ of $78.57. GuruFocus considers National Fuel Gas Co to be Fairly Valued.

Key valuation signals for NFG:

  • ROE % Adjusted to Book Value: 11.47%
  • GF Value™: $78.57 vs. price of $76.72 (2.4% 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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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$76.72
Price
$78.57
GF Value