Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments.
National Fuel Gas Co's 3-Year RORE % for the quarter that ended in Mar. 2026 was 35.18%.
The industry rank for National Fuel Gas Co's 3-Year RORE % or its related term are showing as below:
NFG's 3-Year RORE % is ranked better than 73.89% of 923
companies
in the Oil & Gas industry
Industry Median: 1.23
vs NFG: 35.18
National Fuel Gas Co (NYSE:NFG) 3-Year RORE % Explanation
Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.
There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.
Be Aware
Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.
National Fuel Gas Co 3-Year RORE % Related Terms
National Fuel Gas Co 3-Year RORE % Historical Data
* Premium members only.
The historical data trend for National Fuel Gas Co's 3-Year RORE % 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 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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 3-Year RORE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Fuel Gas Co's 3-Year RORE % distribution charts can be found below:
* The bar in red indicates where National Fuel Gas Co's 3-Year RORE % falls into.
* 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.
In the calculation of 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Mar. 2026 and 3-year before.
National Fuel Gas Co (NFG) has a 3-Year RORE % of 35.18 as of Mar. 2026. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on National Fuel Gas Co and its competitors. According to the industry distribution chart, National Fuel Gas Co ranks #241 out of 923 companies in the Oil & Gas industry, placing it in the top 26.1%.
Is National Fuel Gas Co's 3-Year RORE % too high?
National Fuel Gas Co's current 3-Year RORE % is 35.18. The Oil & Gas industry median 3-Year RORE % is 1.23. National Fuel Gas Co's value of 35.18 is 2760.2% above this industry median. Based on the distribution chart, National Fuel Gas Co ranks #241 out of 923 companies in the Oil & Gas industry, which is above 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 3-Year RORE % compare to DEC and UNTC?
According to the Oil & Gas industry distribution chart, National Fuel Gas Co ranks #241 out of 923 companies for 3-Year RORE %. This puts National Fuel Gas Co in the upper half of its industry. The industry median 3-Year RORE % is 1.23. National Fuel Gas Co's value of 35.18 is 2760.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year RORE % for an Oil & Gas company?
The median 3-Year RORE % among Oil & Gas companies is 1.23, based on 923 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year RORE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Fuel Gas Co's current 3-Year RORE % of 35.18 is 2760.2% 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 3-Year RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on National Fuel Gas Co and its competitors. For the Oil & Gas industry, the median 3-Year RORE % is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Fuel Gas Co's current 3-Year RORE % is 35.18. 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 $78.54, compared to a current price of $77.50 — trading 1.3% below its estimated fair value. The current 3-Year RORE % is 35.18 and 2760.2% above the Oil & Gas industry median of 1.23. 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 3-Year RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For National Fuel Gas Co (NFG), the current 3-Year RORE % is 35.18 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 $77.50 is trading 1.3% below its estimated GF Value™ of $78.54.
GuruFocus considers National Fuel Gas Co to be Fairly Valued.
Key valuation signals for NFG:
3-Year RORE %: 35.18
GF Value™: $78.54 vs. price of $77.50 (1.3% below fair value)
Industry Position: 2760.2% above the Oil & Gas median (#241 of 923)
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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