National Fuel Gas (NFG) - P/B ratio

P/B ratio as of January 2026 : 2.49

According to National Fuel Gas 's latest financial reports the company has a price-to-book ratio of 3.3826.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

National Fuel Gas - P/B ratio (from 2001 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	2.37	18.98%
2024-12-31	1.99	37.2%
2023-12-31	1.45	-36.41%
2022-12-31	2.28	-17.61%
2021-12-31	2.77	51.41%
2020-12-31	1.83	-0.87%
2019-12-31	1.85	-14.42%
2018-12-31	2.16	-14.63%
2017-12-31	2.53	-17.82%
2016-12-31	3.07	53.84%
2015-12-31	2.00	-11.21%
2014-12-31	2.25	-15.28%
2013-12-31	2.66	26.57%
2012-12-31	2.10	-12.43%
2011-12-31	2.40	-22.15%
2010-12-31	3.08	24.28%
2009-12-31	2.48	59.34%
2008-12-31	1.55	-32.91%
2007-12-31	2.32	5.87%
2006-12-31	2.19	9.73%
2005-12-31	1.99	16.96%
2004-12-31	1.71	3.9%
2003-12-31	1.64	4.91%
2002-12-31	1.56

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Atmos Energy ATO	2.02	-18.74%	🇺🇸 USA
South Jersey Industries SJI	2.14	-13.97%	🇺🇸 USA
New Jersey Resources NJR	2.01	-19.10%	🇺🇸 USA
Oneok OKE	2.10	-15.48%	🇺🇸 USA
NW Natural NWN	1.35	-45.74%	🇺🇸 USA
UGI Corporation UGI	1.68	-32.56%	🇺🇸 USA
Chevron CVX	1.72	-31.02%	🇺🇸 USA
Southwest Gas SWX	1.58	-36.40%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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