National Fuel Gas Company (NFG) Financial Ratios

For fiscal 2025 (fiscal year ended Sep 30, 2025), National Fuel Gas Company had a P/E ratio of 16.10 (down from 71.44), return on equity of 17.4% (up from 2.7%), debt-to-equity of 0.93 (down from 0.99) and a current ratio of 0.44 (up from 0.33). A current ratio of 0.44 means current liabilities exceed current assets. Its dividend yield was 2.27% with a payout ratio of 36.3%.

National Fuel Gas Company Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Valuation Ratios
P/E Ratio	16.10	71.44	9.99	9.95	13.17
Forward P/E	11.55	10.64	9.34	8.34	12.00
P/S Ratio	3.67	2.85	2.19	2.58	2.75
P/B Ratio	2.70	1.94	1.61	2.71	2.68
Price/Tangible Book	2.70	1.95	1.61	2.71	2.69
Price/FCF	44.59	41.10	46.52	8101.21	120.27
Price/OCF	7.59	5.20	3.85	6.93	6.05
PEG Ratio	0.47	1.68	0.90	0.61	2.10
Enterprise Value Ratios
EV/Revenue	4.85	4.19	3.33	3.77	4.19
EV/EBITDA	7.65	6.78	6.14	7.08	7.47
EV/EBIT	11.19	10.95	9.41	10.37	11.38
EV/FCF	59.03	60.44	70.62	11858.74	183.30
Profitability & Returns
Return on Equity (ROE)	17.45%	2.67%	18.91%	29.28%	19.35%
Return on Assets (ROA)	7.24%	5.60%	5.94%	6.47%	5.55%
Return on Capital Employed (ROCE)	12.70%	10.30%	10.30%	13.30%	10.30%
Leverage & Solvency Ratios
Debt/Equity	0.93	0.99	0.92	1.31	1.57
Debt/EBITDA	1.97	2.33	2.28	2.33	2.86
Debt/FCF	15.35	20.95	26.47	3927.38	70.59
Liquidity Ratios
Current Ratio	0.44	0.33	0.51	0.39	0.42
Quick Ratio	0.28	0.18	0.33	0.23	0.21
Efficiency Ratios
Asset Turnover	0.27	0.23	0.27	0.28	0.24
Inventory Turnover	9.25	8.16	11.86	11.40	7.51
Yield & Distribution Ratios
Earnings Yield	6.21%	1.40%	10.01%	10.05%	7.59%
FCF Yield	2.24%	2.43%	2.15%	0.01%	0.83%
Dividend Yield	2.27%	3.32%	3.74%	3.02%	3.43%
Payout Ratio	36.34%	237.12%	36.93%	29.71%	44.85%
Buyback Yield	1.21%	-0.06%	-0.19%	-0.46%	-4.22%
Total Return	3.48%	3.26%	3.54%	2.56%	-0.80%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About National Fuel Gas Company Financial Ratios

What is National Fuel Gas Company's P/E ratio?

National Fuel Gas Company's P/E ratio was 16.10 for fiscal 2025 (period ended Sep 30, 2025). It was 71.44 a year earlier.

What is National Fuel Gas Company's return on equity?

National Fuel Gas Company's return on equity (ROE) was 17.4% for fiscal 2025 (period ended Sep 30, 2025). It was 2.7% a year earlier.

What is National Fuel Gas Company's debt-to-equity ratio?

National Fuel Gas Company's debt-to-equity ratio was 0.93 for fiscal 2025 (period ended Sep 30, 2025). It was 0.99 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition