Question 1

What is Northwest Natural Holding's P/FCF ratio?

Accepted Answer

Northwest Natural Holding (NWN) P/FCF ratio is currently not available. When trailing twelve-month free cash flow is negative — common during heavy capex cycles or operating losses — P/FCF is reported as N/A and analysts switch to P/S or EV/EBITDA.

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Northwest Natural Holding?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Northwest Natural Holding specifically, the relevant sector benchmark is the current sector median of 32.9×.

Question 5

What is Northwest Natural Holding's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Northwest Natural Holding (NWN) P/FCF ratio has ranged from a low of 4.9× in 2003 to a high of 146.9× in 2010.

Question 6

What was Northwest Natural Holding's P/FCF ratio in 2016?

Accepted Answer

Northwest Natural Holding (NWN) P/FCF ratio at the end of 2016 was 20.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 7

Why does Northwest Natural Holding's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.

Question 8

Why is Northwest Natural Holding's P/FCF ratio not available?

Accepted Answer

When trailing twelve-month free cash flow is negative — common during heavy capex cycles or operating losses — P/FCF is reported as N/A and analysts switch to P/S or EV/EBITDA.


2025	$1.91B	−$197.77M	—	—	Dec 31, 2025
2024	$1.59B	−$194.12M	—	—	Dec 31, 2024
2023	$1.47B	−$47.40M	—	—	Dec 31, 2023
2022	$1.69B	−$191.69M	—	—	Dec 31, 2022
2021	$1.50B	−$134.33M	—	—	Dec 31, 2021
2020	$1.41B	−$137.41M	—	—	Dec 31, 2020
2019	$2.25B	−$56.98M	—	—	Dec 31, 2019
2018	$1.75B	−$45.87M	—	—	Dec 31, 2018
2017	$1.69B	−$6.89M	—	—	Dec 31, 2017
2016	$1.69B	$82.64M	20.4×	-0.5×	Dec 31, 2016
2015	$1.39B	$66.37M	20.9×	+6.7×	Dec 31, 2015
2014	$1.36B	$95.56M	14.3×	-16.6×	Dec 31, 2014
2013	$1.16B	$37.47M	30.8×	-1.4×	Dec 31, 2013
2012	$1.19B	$36.81M	32.2×	+22.6×	Dec 31, 2012
2011	$1.28B	$132.93M	9.6×	—	Dec 31, 2011
2010	$1.24B	−$122.04M	—	—	Dec 31, 2010
2009	$1.19B	$105.21M	11.4×	—	Dec 31, 2009
2008	$1.17B	−$69.28M	—	—	Dec 31, 2008
2007	$1.29B	$65.41M	19.7×	-3.0×	Dec 31, 2007
2006	$1.17B	$51.49M	22.6×	—	Dec 31, 2006
2005	$942.00M	−$17.82M	—	—	Dec 31, 2005
2004	$923.57M	−$6.25M	—	—	Dec 31, 2004
2003	$792.64M	$49.90M	15.9×	+9.5×	Dec 31, 2003
2002	$689.81M	$108.79M	6.3×	-5.4×	Dec 31, 2002
2001	$640.89M	$54.43M	11.8×	—	Dec 31, 2001


Eversource Energy (ES)	110.1×
Constellation Energy (CEG)	86.9×
NextEra Energy (NEE)	82.1×
American States Water (AWR)	77.8×
Middlesex Water (MSEX)	63.1×
Vistra (VST)	52.9×
UGI (UGI)	32.9×
GE Vernova (GEV)	31.2×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	11.5×
Avista (AVA)	7.9×

P/FCF Ratio for Northwest Natural Holding (NWN)

P/FCF Ratio daily chart for Northwest Natural Holding (NWN)

Historical P/FCF Ratio for Northwest Natural Holding (NWN) from 2001 to 2025

About P/FCF Ratio at Northwest Natural Holding (NWN)

Northwest Natural Holding P/FCF Ratio by Year

Northwest Natural Holding P/FCF Ratio 2016: 20.4×

Northwest Natural Holding P/FCF Ratio 2015: 20.9×

Northwest Natural Holding P/FCF Ratio 2014: 14.3×

Northwest Natural Holding P/FCF Ratio 2013: 30.8×

Northwest Natural Holding P/FCF Ratio 2012: 32.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Northwest Natural Holding (NWN) Key Financials

P/FCF Ratio daily chart for Northwest Natural Holding (NWN)

Historical P/FCF Ratio for Northwest Natural Holding (NWN) from 2001 to 2025

About P/FCF Ratio at Northwest Natural Holding (NWN)

Northwest Natural Holding P/FCF Ratio by Year

Northwest Natural Holding P/FCF Ratio 2016: 20.4×

Northwest Natural Holding P/FCF Ratio 2015: 20.9×

Northwest Natural Holding P/FCF Ratio 2014: 14.3×

Northwest Natural Holding P/FCF Ratio 2013: 30.8×

Northwest Natural Holding P/FCF Ratio 2012: 32.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Northwest Natural Holding's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Northwest Natural Holding?

+What is Northwest Natural Holding's historical P/FCF ratio range?

+What was Northwest Natural Holding's P/FCF ratio in 2016?

+Why does Northwest Natural Holding's P/FCF ratio change over time?

+Why is Northwest Natural Holding's P/FCF ratio not available?

Northwest Natural Holding (NWN) Key Financials