EV/EBITDA for National Fuel Gas (NFG)

National Fuel Gas (NFG) EV/EBITDA ratio is 6.4× as of June 5, 2026. The 5-year average is 8.6×. The sector median currently stands at 10.1×. The current ratio is at the 24th percentile of its own 10-year history.

National Fuel Gas (NFG) historical EV/EBITDA ratio has ranged from a low of 5.7× (2023) to a high of 34.0× (2015) in the available daily series.

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.