Northwest Natural Holding Company (NWN) Valuation — DCF, Graham & Comparables

Northwest Natural Holding Company (NWN) — Price $49.47 (closing price, October 28, 2026) — Utilities — Regulated Gas — NYSE

Latest reported results:

Valuation dashboard for Northwest Natural Holding Company (NWN) with P/E 16.20, P/B 1.34, EV/EBITDA 9.72 and dividend yield 3.98%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Utilities companies.

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.

Analysis Summary

Northwest Natural Holding Company reported revenue of $1.29B in the most recent fiscal year, growing at a 5-year CAGR of 10.8%. Net income reached $113.3M, with a 8.1% 5-year CAGR.

Trailing-twelve-month margins: gross margin 45.2%, operating margin 31.6%, net margin 9.7%.

At $49.47 (closing price, October 28, 2026), NWN trades at a P/E of 16.20 and an ROE of 8.34%. Market capitalisation stands at $2.1B.

Balance sheet quality for NWN: current ratio of 0.7. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio16.20
Price / Book1.34
EV / EBITDA9.72
Dividend Yield3.98%

Valuation Models

DCF Fair Value$-50.57
vs Current Price-202.2%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
NWNNorthwest Natural Holding Company$2.1B16.201.348.3%
HTOH2O America$2.5B20.651.185.7%
CTRICenturi Holdings, Inc.$2.0B64.192.443.6%
CPKChesapeake Utilities Corporation$3.2B21.471.929.3%
AWRAmerican States Water Company$3.3B23.133.0813.5%
CWTCalifornia Water Service Group$2.9B21.261.597.6%
ELPCCompanhia Paranaense de Energia$2.0B11.551.4812.9%

Price

Price$49.47 (closing price, October 28, 2026)
Market Cap$2.1B
ExchangeNYSE
CountryUS

Profitability

Return on Equity8.34%
Return on Invested Capital5.11%
Return on Assets1.96%
Gross Margin45.17%
Operating Margin31.63%
Net Margin9.75%

Related companies: HTO · CTRI · CPK · AWR · CWT · ELPC

Explore sector: Utilities · Regulated Gas

More sections of NWN: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method today · Companies that pass the Lynch method today · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks