NORTHWEST NATURAL HOLDING CO (NWN) Fundamental Analysis & Valuation
NYSE:NWN • US66765N1054
51.62 USD
-0.67 (-1.28%)
At close: Mar 10, 2026
51.62 USD
0 (0%)
After Hours: 3/10/2026, 7:42:24 PM
This NWN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, NWN scores 2 out of 10 in our fundamental rating. NWN was compared to 15 industry peers in the Gas Utilities industry. NWN has a bad profitability rating. Also its financial health evaluation is rather negative. NWN has a expensive valuation and it also scores bad on growth. Finally NWN also has an excellent dividend rating.
1. NWN Profitability Analysis
1.1 Basic Checks
- In the past year NWN was profitable.
- NWN had a positive operating cash flow in the past year.
- Of the past 5 years NWN 4 years were profitable.
- Of the past 5 years NWN 4 years had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of 1.72%, NWN is not doing good in the industry: 86.67% of the companies in the same industry are doing better.
- NWN's Return On Equity of 7.01% is on the low side compared to the rest of the industry. NWN is outperformed by 80.00% of its industry peers.
- NWN has a worse Return On Invested Capital (3.50%) than 93.33% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for NWN is below the industry average of 6.13%.
- The 3 year average ROIC (3.03%) for NWN is below the current ROIC(3.50%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.72% | ||
| ROE | 7.01% | ||
| ROIC | 3.5% |
ROA(3y)1.75%
ROA(5y)1.85%
ROE(3y)6.78%
ROE(5y)7.48%
ROIC(3y)3.03%
ROIC(5y)3.09%
1.3 Margins
- Looking at the Profit Margin, with a value of 7.94%, NWN is doing worse than 80.00% of the companies in the same industry.
- In the last couple of years the Profit Margin of NWN has declined.
- NWN has a Operating Margin of 20.07%. This is comparable to the rest of the industry: NWN outperforms 53.33% of its industry peers.
- NWN's Operating Margin has been stable in the last couple of years.
- NWN has a better Gross Margin (64.40%) than 66.67% of its industry peers.
- In the last couple of years the Gross Margin of NWN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.07% | ||
| PM (TTM) | 7.94% | ||
| GM | 64.4% |
OM growth 3Y-4.37%
OM growth 5Y-0.3%
PM growth 3Y-9.23%
PM growth 5Y-3.72%
GM growth 3Y-1.06%
GM growth 5Y0.22%
2. NWN Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NWN is destroying value.
- There is no outstanding debt for NWN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
- NWN has an Altman-Z score of 0.69. This is a bad value and indicates that NWN is not financially healthy and even has some risk of bankruptcy.
- The Altman-Z score of NWN (0.69) is worse than 66.67% of its industry peers.
- A Debt/Equity ratio of 1.62 is on the high side and indicates that NWN has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 1.62, NWN is doing worse than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.62 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.69 |
ROIC/WACC0.57
WACC6.12%
2.3 Liquidity
- NWN has a Current Ratio of 0.59. This is a bad value and indicates that NWN is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Current ratio of NWN (0.59) is worse than 80.00% of its industry peers.
- NWN has a Quick Ratio of 0.59. This is a bad value and indicates that NWN is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 0.43, NWN is doing worse than 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.59 | ||
| Quick Ratio | 0.43 |
3. NWN Growth Analysis
3.1 Past
- NWN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.84%, which is quite impressive.
- NWN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.49% yearly.
EPS 1Y (TTM)22.84%
EPS 3Y2.45%
EPS 5Y2.49%
EPS Q2Q%-1.42%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.28%
3.2 Future
- Based on estimates for the next years, NWN will show a small growth in Earnings Per Share. The EPS will grow by 6.24% on average per year.
- Based on estimates for the next years, NWN will show a small growth in Revenue. The Revenue will grow by 6.07% on average per year.
EPS Next Y5.78%
EPS Next 2Y6.91%
EPS Next 3Y6.2%
EPS Next 5Y6.24%
Revenue Next Year5.8%
Revenue Next 2Y5.03%
Revenue Next 3Y5.69%
Revenue Next 5Y6.07%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
4. NWN Valuation Analysis
4.1 Price/Earnings Ratio
- NWN is valuated rather expensively with a Price/Earnings ratio of 18.11.
- NWN's Price/Earnings ratio is in line with the industry average.
- The average S&P500 Price/Earnings ratio is at 26.25. NWN is valued slightly cheaper when compared to this.
- A Price/Forward Earnings ratio of 17.12 indicates a rather expensive valuation of NWN.
- NWN's Price/Forward Earnings ratio is in line with the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 24.39. NWN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.11 | ||
| Fwd PE | 17.12 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as NWN.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.03 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.13
PEG (5Y)7.27
EPS Next 2Y6.91%
EPS Next 3Y6.2%
5. NWN Dividend Analysis
5.1 Amount
- NWN has a Yearly Dividend Yield of 3.78%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 3.56, NWN pays a bit more dividend than its industry peers.
- NWN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.78% |
5.2 History
- The dividend of NWN has a limited annual growth rate of 0.84%.
- NWN has paid a dividend for at least 10 years, which is a reliable track record.
- NWN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.84%
Div Incr Years24
Div Non Decr Years24
5.3 Sustainability
- NWN pays out 76.25% of its income as dividend. This is not a sustainable payout ratio.
- NWN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP76.25%
EPS Next 2Y6.91%
EPS Next 3Y6.2%
NWN Fundamentals: All Metrics, Ratios and Statistics
51.62
-0.67 (-1.28%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-27 2026-02-27/bmo
Earnings (Next)05-04 2026-05-04
Inst Owners83.21%
Inst Owner Change1.46%
Ins Owners0.51%
Ins Owner Change8.58%
Market Cap2.15B
Revenue(TTM)N/A
Net Income(TTM)100.53M
Analysts85
Price Target55.42 (7.36%)
Short Float %2.78%
Short Ratio3.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.78% |
Yearly Dividend1.87
Dividend Growth(5Y)0.84%
DP76.25%
Div Incr Years24
Div Non Decr Years24
Ex-Date01-30 2026-01-30 (0.4925)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)60.12%
Min EPS beat(2)12.5%
Max EPS beat(2)107.74%
EPS beat(4)4
Avg EPS beat(4)33.06%
Min EPS beat(4)1.65%
Max EPS beat(4)107.74%
EPS beat(8)6
Avg EPS beat(8)21.88%
EPS beat(12)10
Avg EPS beat(12)37.18%
EPS beat(16)13
Avg EPS beat(16)42.99%
Revenue beat(2)0
Avg Revenue beat(2)-7.13%
Min Revenue beat(2)-7.45%
Max Revenue beat(2)-6.8%
Revenue beat(4)1
Avg Revenue beat(4)-4.62%
Min Revenue beat(4)-7.45%
Max Revenue beat(4)2.82%
Revenue beat(8)2
Avg Revenue beat(8)-4.24%
Revenue beat(12)6
Avg Revenue beat(12)2.76%
Revenue beat(16)10
Avg Revenue beat(16)5.05%
PT rev (1m)0%
PT rev (3m)3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.67%
EPS NY rev (1m)0%
EPS NY rev (3m)0.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.11 | ||
| Fwd PE | 17.12 | ||
| P/S | 1.69 | ||
| P/FCF | N/A | ||
| P/OCF | 8.71 | ||
| P/B | 1.5 | ||
| P/tB | 2.02 | ||
| EV/EBITDA | 10.03 |
EPS(TTM)2.85
EY5.52%
EPS(NY)3.01
Fwd EY5.84%
FCF(TTM)-4.48
FCFYN/A
OCF(TTM)5.93
OCFY11.49%
SpS30.46
BVpS34.51
TBVpS25.58
PEG (NY)3.13
PEG (5Y)7.27
Graham Number47.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.72% | ||
| ROE | 7.01% | ||
| ROCE | 4.97% | ||
| ROIC | 3.5% | ||
| ROICexc | 3.52% | ||
| ROICexgc | 3.79% | ||
| OM | 20.07% | ||
| PM (TTM) | 7.94% | ||
| GM | 64.4% | ||
| FCFM | N/A |
ROA(3y)1.75%
ROA(5y)1.85%
ROE(3y)6.78%
ROE(5y)7.48%
ROIC(3y)3.03%
ROIC(5y)3.09%
ROICexc(3y)3.05%
ROICexc(5y)3.11%
ROICexgc(3y)3.17%
ROICexgc(5y)3.21%
ROCE(3y)4.32%
ROCE(5y)4.52%
ROICexgc growth 3Y-2%
ROICexgc growth 5Y0.38%
ROICexc growth 3Y-2.67%
ROICexc growth 5Y-0.09%
OM growth 3Y-4.37%
OM growth 5Y-0.3%
PM growth 3Y-9.23%
PM growth 5Y-3.72%
GM growth 3Y-1.06%
GM growth 5Y0.22%
F-Score5
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.62 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.32 | ||
| Cap/Depr | 236.47% | ||
| Cap/Sales | 34.18% | ||
| Interest Coverage | 2.45 | ||
| Cash Conversion | 56.38% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.59 | ||
| Quick Ratio | 0.43 | ||
| Altman-Z | 0.69 |
F-Score5
WACC6.12%
ROIC/WACC0.57
Cap/Depr(3y)266.77%
Cap/Depr(5y)264.49%
Cap/Sales(3y)31.39%
Cap/Sales(5y)32.73%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)22.84%
EPS 3Y2.45%
EPS 5Y2.49%
EPS Q2Q%-1.42%
EPS Next Y5.78%
EPS Next 2Y6.91%
EPS Next 3Y6.2%
EPS Next 5Y6.24%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.28%
Revenue Next Year5.8%
Revenue Next 2Y5.03%
Revenue Next 3Y5.69%
Revenue Next 5Y6.07%
EBIT growth 1Y40.09%
EBIT growth 3Y5.43%
EBIT growth 5Y8.76%
EBIT Next Year123.93%
EBIT Next 3Y36.39%
EBIT Next 5Y23.44%
FCF growth 1Y-302.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-12.99%
OCF growth 3Y7.69%
OCF growth 5Y1.57%
NORTHWEST NATURAL HOLDING CO / NWN FAQ
What is the fundamental rating for NWN stock?
ChartMill assigns a fundamental rating of 2 / 10 to NWN.
What is the valuation status of NORTHWEST NATURAL HOLDING CO (NWN) stock?
ChartMill assigns a valuation rating of 2 / 10 to NORTHWEST NATURAL HOLDING CO (NWN). This can be considered as Overvalued.
What is the profitability of NWN stock?
NORTHWEST NATURAL HOLDING CO (NWN) has a profitability rating of 3 / 10.
What is the valuation of NORTHWEST NATURAL HOLDING CO based on its PE and PB ratios?
The Price/Earnings (PE) ratio for NORTHWEST NATURAL HOLDING CO (NWN) is 18.11 and the Price/Book (PB) ratio is 1.5.
Is the dividend of NORTHWEST NATURAL HOLDING CO sustainable?
The dividend rating of NORTHWEST NATURAL HOLDING CO (NWN) is 7 / 10 and the dividend payout ratio is 76.25%.