Northern Oil & Gas EV/EBIT NOG

Enterprise value divided by operating profit over the last twelve months, one-off items taken out, since 2012.

Today, Oct 23, 2026: n/m; an operating loss
Last meaningful: 17.9×; Apr 2026
9-year median: 10.6×
9-year range: 3.1× to 302×
Peer median: 10.0×

Northern Oil & Gas has no meaningful EV/EBIT today: it made an operating loss of $461.9M over the last twelve months.

It was last meaningful in Apr 2026, at 17.9×.

On the days it had one over the last 9 years, its median was 10.6×, from 3.1× in May 2023 to 302× in Oct 2018.

EV/EBIT over time

median 10.6×

The dashed line is the 9-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	17.9×	10.0×	19.3×
2025	9.9×	4.4×	10.6×
2024	4.6×	4.6×	7.5×
2023	7.2×	3.1×	7.4×
2022	4.1×	4.1×	39.3×
2021	n/m a value too high to mean anything
2020	7.8×	7.4×	79.8×
2019	22.3×	17.4×	149×
2018	124×	29.0×	302×
2017	33.2×	24.0×	40.6×
2016	n/m a value too high to mean anything
2015	14.9×	14.1×	32.4×
2014	22.3×	19.0×	140×
2013	82.2×	58.2×	116×
2012	108×	71.1×	125×

Against its peers

Companies in Oil & Gas Exploration & Production nearest Northern Oil & Gas' size, closest first, today.

Company	EV/EBIT
NOGNorthern Oil & Gas	n/m
GPORGulfport Energy	5.5×
BSMBlack Stone Minerals	11.4×
PARRPAR Pacific	3.8×
HESMHess Midstream	7.6×
BKVBKV	8.6×
CRKComstock Resources	12.4×
KRPKimbell Royalty Partners	17.4×
MNRMach Natural Resources	15.1×
CNXCNX Resources	6.0×
LBLandBridge Co LLC	51.1×
Peer median	10.0×

What the EV/EBIT tells you

What the whole business costs against its operating profit. Enterprise value is the market value plus borrowings and minority interests, less cash. EBIT is operating profit before interest and tax, with one-offs taken out. Unlike PE it is not moved by how a company is financed.

Leases are left out of debt for every company. Banks earn on their balance sheet, so EV/EBIT does not describe them.

More on Northern Oil & Gas

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