Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: NWN stock price vs RLI: 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 RLI's multiple
Needs RLI P/E.
Implied fair value · at NWN's multiple
Needs NWN P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: NWN FY 2025 (ended Dec 31, 2025) · RLI FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 44% equity / 56% debt · EV / Revenue 3.59x · EV / EBITDA 16.61x
Capital structure 98% equity / 2% debt · EV / Revenue 3.07x · EV / EBITDA 11.24x
RLI carries the larger enterprise value at $5.78B against $4.63B; RLI trades on the lower EV / Revenue multiple (3.07x vs 3.59x); RLI on the lower EV / EBITDA (11.24x vs 16.61x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
NORTHWEST NATURAL HOLDING COMPANY · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
RLI Corp · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
1.76x
0.06x
Net debt / EBITDA
Leverage against operating earnings
9.18x
0.09x
Cash and equivalents
Liquid reserves on the balance sheet
$36.67M
$51.57M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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$2.59B
$100.00M
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