Northwest Natural Holding Company (NWN) is a publicly traded company in the Utilities — Regulated Gas industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Northwest Natural Holding Company (NWN) operates primarily through its subsidiary, Northwest Natural Gas Company, delivering regulated natural gas to a diverse clientele including residential, commercial, industrial, and transportation customers across Oregon and Southwest Washington. Beyond its core distribution business, the company manages the Mist gas storage facility, which holds 5.7 billion cubic feet and is leased to other utilities and third-party energy marketers.
Is Northwest Natural Holding Company stock overvalued or undervalued in 2026?
Northwest Natural Holding Company (NWN) trades at 16.2× earnings (P/E), below the median of the 83 utilities companies over $2bn in Kaplio's universe. At the decade median (20.8×) $64 (+28 %); at its sector median (20.7×) $63 (+28 %).
Kaplio overview: Northwest Natural Holding Company
Market cap $2B · 52 weeks $46 – $56 (9 % below the high) · P/E 16.2× · 2027 expected P/E 15.3× · Dividend 3.9 % · 7 years rising · Next earnings November 5, 2026 · expected EPS $-0.88 · Closing price, Oct 28 · accounts published Aug 5.
- Valuation: P/E 16.2× (cheap).
- Business: ROE 8.3 % (solid).
- Balance sheet: Net debt/EBITDA 5.8× (watch).
- Earnings: 6 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (20.8×) $64 (+28 %); at its sector median (20.7×) $63 (+28 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in utilities: 3 of 6 pass
- 5y EPS growth 2.0 %, fails.
- 10y dividend growth 0.5 %, fails.
- Net debt / EBITDA 5.8×, borderline.
- Regulated ROE (8-12%) 8.3 %, passes.
- Interest coverage 3.6×, passes.
- Payout Ratio 68.2 %, passes.
Against its peers (reference peers) — Northwest Natural Holding Company: P/E 16.2×; EV/EBITDA 9.8×; ROIC 5.1 %; $2.1B. Centuri Holdings, Inc. (P/E 66.9×; EV/EBITDA 11.5×; ROIC 5.0 %; $2.1B), Chesapeake Utilities Corporation (P/E 21.3×; EV/EBITDA 12.7×; ROIC 5.0 %; $3.2B), Companhia Paranaense de Energia (P/E 11.6×; EV/EBITDA 9.5×; ROIC 8.6 %; $2.0B).
Expensive or cheap against its last ten years?
P/E at each close: today 16.2× · median 20.8× · minimum 13.5× · maximum 34.2× · cheap below 18.2× · expensive above 29.3×. It has been cheaper than today only 19% of the time over its last ten years.
Dividend
tight · Yield 3.9 % ($1.89 per share in 2025) · Years raising it 7 · 5-year growth +1 % a year · Free cash flow coverage -2.0× · With $1,000 invested today you'd collect $39.00 a year ($3.25 a month).
Profitability
| Return on Equity | 8.34% |
| Return on Invested Capital | 5.11% |
| Return on Assets | 1.96% |
| Gross Margin | 45.17% |
| Operating Margin | 31.63% |
| Net Margin | 9.75% |
Financial Health
| Debt / Equity | 1.73 |
| Current Ratio | 0.77 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 0.71 |
Price Performance
| 1 month | +6.19% |
| 3 months | +2.06% |
| Year-to-date | +6.82% |
| 1 year | +8.54% |
| 3 years | +37.59% |
| 5 years | +10.73% |
| 10 years | -15.09% |
Dividend History
Paid in the last 12 months: $1.9700 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-10-30 | $0.5000 |
| 2026-07-31 | $0.4925 |
| 2026-04-30 | $0.4925 |
| 2026-01-30 | $0.4925 |
| 2025-10-31 | $0.4925 |
| 2025-07-31 | $0.4900 |
| 2025-04-30 | $0.4900 |
| 2025-01-31 | $0.4900 |
| 2024-10-31 | $0.4900 |
| 2024-07-31 | $0.4875 |
Amounts adjusted for stock splits.
Related companies: HTO · CTRI · CPK · AWR · CWT · ELPC
Explore sector: Utilities · Regulated Gas
More sections of NWN: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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