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NWNNorthwest Natural Holding Company

Is the EV/Sales ratio high or low?

The EV/Sales ratio of 3.68x is 18% above its 5-year average of 3.12x, near the high end of its 5-year range (2.37x–3.88x).

As of Monday, June 29, 2026. 5.03% above its 12-month average of 3.50x.

EV/EBITDA|P/S Ratio|Revenue|All Metrics
EV/Sales Ratio

NWN EV/Sales Ratio Chart

3.68x
+14.64% 1Y
NWN EV/Sales Ratio

NWN Average EV/Sales Ratio Chart

NWN EV/Sales Ratio

NWN Current vs Average EV/Sales Ratio Chart

NWN EV/Sales Ratio Metrics

EV/SALES RATIO

3.68x

EV/SALES RATIO AVG TTM

3.50x

EV/SALES RATIO AVG 3Y

2.99x

EV/SALES RATIO AVG 5Y

3.12x

EV/SALES RATIO AVG 10Y

3.44x

EV/SALES RATIO AVG 15Y

3.18x

EV/SALES RATIO AVG 20Y

2.85x

CURRENT VS TTM AVG

+5.03%

CURRENT VS 3Y AVG

+22.91%

CURRENT VS 5Y AVG

+17.77%

CURRENT VS 10Y AVG

+6.85%

CURRENT VS 15Y AVG

+15.85%

CURRENT VS 20Y AVG

+28.97%

NWN Competitors' EV/Sales Ratio

NAMEMARKET CAPEV/SALES RATIOTTM3Y5Y
Northwest Natural Holding Company (NWN)$2.14B3.68x3.50x2.99x3.12x
NuScale Power Corporation (SMR)vs ›$3.01B70.35x62.64x65.86x76.53x
Avista Corporation (AVA)vs ›$3.45B3.50x3.28x3.21x3.41x
Fluence Energy, Inc. (FLNC)vs ›$3.56B0.98x1.02x0.99x1.04x
Black Hills Corporation (BKH)vs ›$5.79B4.54x4.15x3.78x3.96x
UGI Corporation (UGI)vs ›$7.60B1.93x1.98x1.71x1.72x
Clearway Energy, Inc. (CWEN-A)vs ›$8.31B9.72x9.06x8.26x8.53x
The AES Corporation (AES)vs ›$10.46B3.19x3.20x3.07x3.11x
Brookfield Renewable Partners L.P. (BEP)vs ›$10.70B7.06x6.90x6.67x6.91x
Pinnacle West Capital Corporation (PNW)vs ›$13.10B5.23x4.94x4.43x4.35x

Understanding EV/Sales

Enterprise Value (EV) = Market Cap + Total Debt - Cash

Sales = Total Revenue (TTM)

EV/Sales is commonly used because:

  • It works for unprofitable companies where P/E doesn't apply
  • Revenue is harder to manipulate than earnings
  • It supports comparisons across companies at different profitability stages
  • It is frequently used for software and other revenue-growth-focused companies

Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.

EV/Sales Ratio Formula & Definition

EV/Sales = Enterprise Value / Revenue (TTM)

Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

EV/Sales Ratio FAQ

What is the EV/Sales ratio for Northwest Natural Holding Company (NWN)?
The EV/Sales ratio for NWN stock is 3.68x.
Is Northwest Natural Holding Company's EV/Sales ratio high or low?
The EV/Sales ratio of 3.68x is 18% above its 5-year average of 3.12x, near the high end of its 5-year range (2.37x–3.88x).
What is the TTM average EV/Sales ratio for Northwest Natural Holding Company (NWN)?
The TTM average EV/Sales ratio for NWN stock is 3.50x.
What is the 3Y average EV/Sales ratio for Northwest Natural Holding Company (NWN)?
The 3Y average EV/Sales ratio for NWN stock is 2.99x.
What is the 5Y average EV/Sales ratio for Northwest Natural Holding Company (NWN)?
The 5Y average EV/Sales ratio for NWN stock is 3.12x.
What is the 10Y average EV/Sales ratio for Northwest Natural Holding Company (NWN)?
The 10Y average EV/Sales ratio for NWN stock is 3.44x.
What is the 15Y average EV/Sales ratio for Northwest Natural Holding Company (NWN)?
The 15Y average EV/Sales ratio for NWN stock is 3.18x.
What is the 20Y average EV/Sales ratio for Northwest Natural Holding Company (NWN)?
The 20Y average EV/Sales ratio for NWN stock is 2.85x.

NWN EV/Sales Ratio History

DATEEV/SALES RATIO
2026-06-263.68x
2026-06-253.67x
2026-06-243.67x
2026-06-233.65x
2026-06-223.61x
2026-06-183.62x
2026-06-173.62x
2026-06-163.63x
2026-06-153.64x
2026-06-123.65x
2026-06-113.63x
2026-06-103.65x
2026-06-093.64x
2026-06-083.62x
2026-06-053.65x
2026-06-043.62x
2026-06-033.60x
2026-06-023.61x
2026-06-013.58x
2026-05-293.60x
2026-05-283.63x
2026-05-273.66x
2026-05-263.65x
2026-05-223.65x
2026-05-213.65x
2026-05-203.65x
2026-05-193.66x
2026-05-183.64x
2026-05-153.60x
2026-05-143.65x
2026-05-133.64x
2026-05-123.66x
2026-05-113.67x
2026-05-083.67x
2026-05-073.66x
2026-05-063.61x
2026-05-053.78x
2026-05-043.79x
2026-05-013.79x
2026-04-303.79x
2026-04-293.79x
2026-04-283.80x
2026-04-273.81x
2026-04-243.80x
2026-04-233.81x
2026-04-223.76x
2026-04-213.77x
2026-04-203.80x
2026-04-173.82x
2026-04-163.84x
2026-04-153.83x
2026-04-143.84x
2026-04-133.84x
2026-04-103.87x
2026-04-093.88x
2026-04-083.86x
2026-04-073.86x
2026-04-063.84x
2026-04-023.84x
2026-04-013.81x
2026-03-313.80x
2026-03-303.81x
2026-03-273.79x
2026-03-263.79x
2026-03-253.77x
2026-03-243.77x
2026-03-233.76x
2026-03-203.74x
2026-03-193.79x
2026-03-183.78x
2026-03-173.77x
2026-03-163.78x
2026-03-133.78x
2026-03-123.76x
2026-03-113.74x
2026-03-103.75x
2026-03-093.77x
2026-03-063.76x
2026-03-053.76x
2026-03-043.78x
2026-03-033.77x
2026-03-023.78x
2026-02-273.79x
2026-02-263.60x
2026-02-253.59x
2026-02-243.59x
2026-02-233.59x
2026-02-203.59x
2026-02-193.56x
2026-02-183.56x
2026-02-173.59x
2026-02-133.60x
2026-02-123.58x
2026-02-113.55x
2026-02-103.53x
2026-02-093.51x
2026-02-063.52x
2026-02-053.54x
2026-02-043.52x
2026-02-033.51x
2026-02-023.50x
2026-01-303.48x
2026-01-293.49x
2026-01-283.46x
2026-01-273.49x
2026-01-263.47x
2026-01-233.45x
2026-01-223.48x
2026-01-213.49x
2026-01-203.48x
2026-01-163.49x
2026-01-153.49x
2026-01-143.47x
2026-01-133.46x
2026-01-123.47x
2026-01-093.46x
2026-01-083.49x
2026-01-073.48x
2026-01-063.48x
2026-01-053.47x
2026-01-023.48x
2025-12-313.48x
2025-12-303.49x
2025-12-293.49x
2025-12-263.48x
2025-12-243.49x
2025-12-233.49x
2025-12-223.49x
2025-12-193.47x
2025-12-183.50x
2025-12-173.50x
2025-12-163.49x
2025-12-153.49x
2025-12-123.48x
2025-12-113.47x
2025-12-103.46x
2025-12-093.46x
2025-12-083.46x
2025-12-053.46x
2025-12-043.46x
2025-12-033.52x
2025-12-023.53x
2025-12-013.55x
2025-11-283.57x
2025-11-263.56x
2025-11-253.55x
2025-11-243.54x
2025-11-213.52x
2025-11-203.51x
2025-11-193.49x
2025-11-183.51x
2025-11-173.50x
2025-11-143.52x
2025-11-133.53x
2025-11-123.53x
2025-11-113.51x
2025-11-103.49x
2025-11-073.48x
2025-11-063.48x
2025-11-053.46x
2025-11-043.44x
2025-11-033.42x
2025-10-313.40x
2025-10-303.42x
2025-10-293.41x
2025-10-283.45x
2025-10-273.46x
2025-10-243.47x
2025-10-233.45x
2025-10-223.45x
2025-10-213.44x
2025-10-203.43x
2025-10-173.41x
2025-10-163.39x
2025-10-153.39x
2025-10-143.36x
2025-10-133.34x
2025-10-103.37x
2025-10-093.34x
2025-10-083.35x
2025-10-073.35x
2025-10-063.35x
2025-10-033.36x
2025-10-023.35x
2025-10-013.36x
2025-09-303.38x
2025-09-293.37x
2025-09-263.37x
2025-09-253.34x
2025-09-243.33x
2025-09-233.33x
2025-09-223.31x
2025-09-193.30x
2025-09-183.29x
2025-09-173.29x
2025-09-163.27x
2025-09-153.28x
2025-09-123.29x
2025-09-113.29x
2025-09-103.26x
2025-09-093.26x
2025-09-083.25x
2025-09-053.28x
2025-09-043.27x
2025-09-033.26x
2025-09-023.26x
2025-08-293.27x
2025-08-283.26x
2025-08-273.26x
2025-08-263.25x
2025-08-253.26x
2025-08-223.28x
2025-08-213.24x
2025-08-203.24x
2025-08-193.24x
2025-08-183.22x
2025-08-153.23x
2025-08-143.24x
2025-08-133.26x
2025-08-123.24x
2025-08-113.23x
2025-08-083.21x
2025-08-073.22x
2025-08-063.21x
2025-08-053.20x
2025-08-043.22x
2025-08-013.21x
2025-07-313.21x
2025-07-303.24x
2025-07-293.24x
2025-07-283.23x
2025-07-253.24x
2025-07-243.24x
2025-07-233.26x
2025-07-223.29x
2025-07-213.29x
2025-07-183.27x
2025-07-173.27x
2025-07-163.28x
2025-07-153.27x
2025-07-143.29x
2025-07-113.26x
2025-07-103.28x
2025-07-093.26x
2025-07-083.25x
2025-07-073.25x
2025-07-033.26x
2025-07-023.24x
2025-07-013.24x
2025-06-303.21x
2025-06-273.21x
2025-06-263.21x
2025-06-253.20x
2025-06-243.25x
2025-06-233.24x
2025-06-203.20x
2025-06-183.21x
2025-06-173.21x
2025-06-163.21x
2025-06-133.21x

Showing the most recent 260 of 5,032 data points. The chart above shows the full history.

Related Metrics

EV/EBITDAP/S RatioRevenueAll Metrics

About Northwest Natural Holding Company

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. It also provides natural gas asset management solutions and maintains an appliance retail outlet. NWN's strategic investments extend to broader gas storage activities, water services, non-regulated renewable natural gas ventures, and other diversified interests. The company currently supplies natural gas to approximately 786,000 meters within its service territories in Oregon and southwest Washington. Additionally, its water operations cater to about 80,000 individuals through roughly 33,000 water and wastewater connections located in the Pacific Northwest and Texas. Founded in 1859, Northwest Natural Holding Company is headquartered in Portland, Oregon.

Portland, OR
1,452 employees
www.nwnaturalholdings.com
Utilities / Regulated Gas
Sector
Utilities
Industry
Regulated Gas
CEO
Justin Palfreyman
View full financials