(NWN) Northwest Natural Gas - Ratings and Ratios
Gas Distribution, Storage, Utilities, Water Services
Dividends
| Dividend Yield | 4.26% |
| Yield on Cost 5y | 5.00% |
| Yield CAGR 5y | 0.52% |
| Payout Consistency | 98.2% |
| Payout Ratio | 71.9% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 21.2% |
| Value at Risk 5%th | 34.6% |
| Relative Tail Risk | -0.67% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.61 |
| Alpha | 8.60 |
| CAGR/Max DD | 0.12 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.345 |
| Beta | 0.131 |
| Beta Downside | 0.179 |
| Drawdowns 3y | |
|---|---|
| Max DD | 29.53% |
| Mean DD | 15.76% |
| Median DD | 15.98% |
Description: NWN Northwest Natural Gas November 12, 2025
Northwest Natural Holding Company (NYSE:NWN) operates through its subsidiary, Northwest Natural Gas Company, delivering regulated natural-gas distribution to residential, commercial, and industrial customers across Oregon and southwest Washington. The firm also runs a mist-gas storage facility that it leases to other utilities, third-party marketers, and electric generators, and it provides natural-gas asset-management services and an appliance-retail center.
Beyond regulated distribution, NWN has diversified into ancillary businesses such as water and wastewater services, non-regulated renewable natural gas (RNG) projects, and other strategic investments, leveraging its existing infrastructure to capture additional revenue streams.
Key performance indicators to watch include its regulated rate base (approximately $2.5 billion as of Q2 2024), the growth rate of its RNG volume (which rose ~12% YoY in 2023), and the utilization factor of its gas-storage assets (historically around 70%). Sector-wide drivers-namely rising demand for cleaner-burning fuels, regional population growth in the Pacific Northwest, and the ongoing transition toward electrification-directly influence NWN’s long-term earnings outlook.
For a deeper, data-driven look at how these fundamentals translate into valuation metrics, you might explore the analyst tools available on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (100.5m TTM) > 0 and > 6% of Revenue (6% = 76.0m TTM) |
| FCFTA -0.03 (>2.0%) and ΔFCFTA 0.47pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -24.27% (prev -13.93%; Δ -10.33pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.04 (>3.0%) and CFO 246.4m > Net Income 100.5m (YES >=105%, WARN >=100%) |
| Net Debt (2.48b) to EBITDA (435.7m) ratio: 5.70 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.59 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (41.2m) change vs 12m ago 7.27% (target <= -2.0% for YES) |
| Gross Margin 35.35% (prev 33.75%; Δ 1.61pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 23.45% (prev 23.01%; Δ 0.44pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.25 (EBITDA TTM 435.7m / Interest Expense TTM 111.5m) >= 6 (WARN >= 3) |
Altman Z'' 0.53
| (A) -0.05 = (Total Current Assets 435.6m - Total Current Liabilities 742.8m) / Total Assets 5.85b |
| (B) 0.07 = Retained Earnings (Balance) 398.6m / Total Assets 5.85b |
| (C) 0.05 = EBIT TTM 251.4m / Avg Total Assets 5.40b |
| (D) 0.32 = Book Value of Equity 1.43b / Total Liabilities 4.42b |
| Total Rating: 0.53 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 41.11
| 1. Piotroski 4.0pt |
| 2. FCF Yield -4.11% |
| 3. FCF Margin -14.72% |
| 4. Debt/Equity 1.76 |
| 5. Debt/Ebitda 5.70 |
| 6. ROIC - WACC (= 1.47)% |
| 7. RoE 7.01% |
| 8. Rev. Trend -2.30% |
| 9. EPS Trend -23.82% |
What is the price of NWN shares?
Over the past week, the price has changed by -4.58%, over one month by -1.98%, over three months by +12.83% and over the past year by +15.55%.
Is NWN a buy, sell or hold?
- Strong Buy: 3
- Buy: 0
- Hold: 2
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the NWN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 52.8 | 14.5% |
| Analysts Target Price | 52.8 | 14.5% |
| ValueRay Target Price | 52.2 | 13.3% |
NWN Fundamental Data Overview November 29, 2025
P/E Trailing = 19.7092
P/E Forward = 16.835
P/S = 1.6218
P/B = 1.4237
P/EG = 2.5917
Beta = 0.554
Revenue TTM = 1.27b USD
EBIT TTM = 251.4m USD
EBITDA TTM = 435.7m USD
Long Term Debt = 2.13b USD (from longTermDebt, last quarter)
Short Term Debt = 313.8m USD (from shortTermDebt, last quarter)
Debt = 2.52b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.48b USD (from netDebt column, last quarter)
Enterprise Value = 4.54b USD (2.05b + Debt 2.52b - CCE 35.8m)
Interest Coverage Ratio = 2.25 (Ebit TTM 251.4m / Interest Expense TTM 111.5m)
FCF Yield = -4.11% (FCF TTM -186.4m / Enterprise Value 4.54b)
FCF Margin = -14.72% (FCF TTM -186.4m / Revenue TTM 1.27b)
Net Margin = 7.94% (Net Income TTM 100.5m / Revenue TTM 1.27b)
Gross Margin = 35.35% ((Revenue TTM 1.27b - Cost of Revenue TTM 818.5m) / Revenue TTM)
Gross Margin QoQ = 4.10% (prev 35.71%)
Tobins Q-Ratio = 0.77 (Enterprise Value 4.54b / Total Assets 5.85b)
Interest Expense / Debt = 1.21% (Interest Expense 30.4m / Debt 2.52b)
Taxrate = 28.71% (-12.0m / -41.9m)
NOPAT = 179.2m (EBIT 251.4m * (1 - 28.71%))
Current Ratio = 0.59 (Total Current Assets 435.6m / Total Current Liabilities 742.8m)
Debt / Equity = 1.76 (Debt 2.52b / totalStockholderEquity, last quarter 1.43b)
Debt / EBITDA = 5.70 (Net Debt 2.48b / EBITDA 435.7m)
Debt / FCF = -13.32 (negative FCF - burning cash) (Net Debt 2.48b / FCF TTM -186.4m)
Total Stockholder Equity = 1.43b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.72% (Net Income 100.5m / Total Assets 5.85b)
RoE = 7.01% (Net Income TTM 100.5m / Total Stockholder Equity 1.43b)
RoCE = 7.06% (EBIT 251.4m / Capital Employed (Equity 1.43b + L.T.Debt 2.13b))
RoIC = 4.86% (NOPAT 179.2m / Invested Capital 3.69b)
WACC = 3.39% (E(2.05b)/V(4.57b) * Re(6.50%) + D(2.52b)/V(4.57b) * Rd(1.21%) * (1-Tc(0.29)))
Discount Rate = 6.50% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 4.61%
Fair Price DCF = unknown (Cash Flow -186.4m)
EPS Correlation: -23.82 | EPS CAGR: -56.16% | SUE: 1.09 | # QB: 1
Revenue Correlation: -2.30 | Revenue CAGR: -14.32% | SUE: -0.54 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.24 | Chg30d=-0.017 | Revisions Net=-1 | Analysts=4
EPS next Year (2026-12-31): EPS=2.99 | Chg30d=-0.033 | Revisions Net=+1 | Growth EPS=+2.5% | Growth Revenue=+6.9%
Additional Sources for NWN Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle