National Fuel Gas price to free cash flow NFG

Market value divided by free cash flow over the last twelve months, since 2013.

Today, Oct 23, 2026: 34.4×
10-year median: 41.0×
Against its 10-year history: 33rd; percentile: 0 is its lowest day, 100 its highest
10-year range: 17.4× to 165×

National Fuel Gas' price to free cash flow is 34.4× as of Oct 23, 2026.

That is below its ten-year median of 41.0×, lower than on 67% of days in the last ten years.

Over that time it ranged from 17.4× in Nov 2023 to 165× in Jan 2019.

Price to free cash flow over time

median 41×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	34.4×	23.5×	44.7×
2025	39.1×	38.4×	115×
2024	40.7×	18.9×	68.8×
2023	20.3×	17.4×	40.1×
2022	138×	135×	148×
2021	146×	41.7×	163×
2020	152×	152×	159×
2019	165×	153×	165×
2018	148×	20.3×	162×
2017	20.1×	18.2×	43.9×
2016	n/m a value too high to mean anything
2015	n/m a value too high to mean anything
2014	75.1×	40.6×	187×
2013	170×	161×	171×

Against its peers

Companies in Regulated Gas nearest National Fuel Gas' size, closest first, today.

Company	Price to free cash flow
NFGNational Fuel Gas	34.4×
NJRNew Jersey Resources	n/m
SRSpire	n/m
OGSONE Gas	n/m
MDUMDU Resources	n/m
NINiSource	n/m
NWNNorthwest Natural	n/m
ATOAtmos Energy	n/m

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on National Fuel Gas

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.