# Northwest Natural Holding Company (NWN) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Utilities / Gas Utilities. Price $50.20, market value $2.1 billion.

## Valuation
- **P/E (trailing): 16.7×** (5-yr avg 15.9×, 3-yr avg 16.1×). Northwest Natural Holding Company trades at 16.7× trailing earnings, close to its own five-year average of 15.9×. The Utilities median in the September 2026 study was 21.2×. Forward P/E is 15.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.43**. A PEG of 0.43 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.6×**. Each dollar of revenue is priced at 1.6×.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 9.7×**. Enterprise value is 9.7× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -12.6%** (5-yr avg -10.5%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 6.0%**. The inverse of the P/E: 6.0% of the price is earned each year.

## Profitability
- **Operating margin: 22.8%**. 22.8% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 8.8%**. 8.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 7.7%**. 7.7% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 6.0%**. Return on all capital, debt included, is 6.0%.
- **Return on assets: 2.0%**. Each dollar of assets produces 2.0% of profit.

## Growth
- **Revenue growth (1 yr): 11.8%** (3-yr 7.5%/yr, 5-yr 10.8%/yr). Revenue grew 11.8% over the last year, against 10.8% a year compounded over five years.
- **EPS growth (1 yr): 36.5%** (3-yr 2.9%/yr, 5-yr 2.0%/yr). Earnings per share rose 36.5%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 1.65**. Debt is 1.65 times equity, a leveraged balance sheet, which is normal for utilities.
- **Net debt / EBITDA: 5.1×**. It would take 5.1 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 0.72** (quick 0.72). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.98%** ($1.97 per share, trailing). Northwest Natural Holding Company yields 3.98%, an income-level yield.
- **Payout ratio: 68%**. 68% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 24**. 24 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 0.5%/yr** (1-yr 0.5%). The dividend has grown 0.5% a year over five years.

## Analyst view
- **Analyst consensus: buy** (7 analysts). 7 analysts cover Northwest Natural Holding Company; the consensus is buy, with an average price target of $55.14 (+10% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 13.7%** (YTD 10.7%, 3-mo 3.7%). The shares are up 13.7% over twelve months including dividends.
- **From 52-week high: -10.3%** (10.7% above the low). Trading 10% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 66**. An RSI of 66 is neutral.
- **Beta (1 yr): -0.35** (volatility 20%). Beta of -0.35 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NWN · Page: https://foliofundamentals.com/stocks/nwn

Not investment advice.