National Fuel Gas Co
$10.61B- Market cap
- $7.83B
- Debt
- +$2.83B
- Cash
- −$43.17M
Capital structure 73% equity / 27% debt · EV / Revenue 4.66x · EV proxy / EBITDA proxy 8.36x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: NFG stock price vs FE: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at FE's multiple
Needs FE P/E.
Implied fair value · at NFG's multiple
Price unavailable
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Reported gross margin
Operating income + D&A
Lower is better
Not comparable
Lower leverage
Statements
Annual statements in reported currencies, with calculations and source evidence.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
Eight period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
USD market cap plus reported borrowing debt, less cash and equivalents. This EV proxy excludes investments, preferred stock and noncontrolling-interest adjustments.
Capital structure 73% equity / 27% debt · EV / Revenue 4.66x · EV proxy / EBITDA proxy 8.36x
Complete market value, debt and cash evidence is required for enterprise value.
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
NATIONAL FUEL GAS CO · implied price per share
Bear
-$9.77
Base
-$6.10
Bull
-$1.32
FIRSTENERGY CORP · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
NRG ENERGY, INC.
NFG vs NRG
SPIRE INC
NFG vs SR
PUBLIC SERVICE ENTERPRISE GROUP INC
NFG vs PEG
DTE ENERGY CO
NFG vs DTE
PG&E Corp
NFG vs PCG
UGI CORP /PA/
NFG vs UGI
NEXTERA ENERGY INC
NFG vs NEE
Duke Energy CORP
NFG vs DUK
SOUTHERN CO
NFG vs SO
AMERICAN ELECTRIC POWER CO INC
NFG vs AEP
ATMOS ENERGY CORP
NFG vs ATO
ALLIANT ENERGY CORP
NFG vs LNT
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe NFG can sustain its higher margins and growth while preserving its stronger balance sheet, then NFG looks worth owning versus FE because it combines a much lower P/E with clearly better profitability and lower leverage.
NFG looks inexpensive on P/E relative to FE, trading at 14.2x versus FE at 27.0x, while the P/S gap is less favorable at 3.4x for NFG versus 1.8x for FE. The implied price of $153.20 suggests meaningful upside versus the current $80.54, but that valuation is more supportive than fully corroborated by the mixed FE-multiple picture.
Supporting Metrics