Northern Oil and Gas
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
3.813.473.513.22
Price/Sales ratio
0.790.850.710.70
Earnings per Share (EPS)
$6.15$6.76$6.68$7.27

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
2.09-0.24-0.57-13.663.7117.07-0.41203.793.133.674.283.71
Price/Sales ratio
0.791.151.050.561.081.501.151.321.211.771.861.08
Price/Book Value ratio
0.44-1.18-0.34-0.251.241.62-1.676.023.241.651.541.24
Price/Cash Flow ratio
1.250.941.651.722.182.661.123.262.602.862.452.18
Price/Free Cash Flow ratio
-1.69-5.5519.23-2.70-2.31-3.947.84-6.56-5.61-5.1231.81-2.31
Price/Earnings Growth ratio
0.000.000.000.14-0.00-0.220.00-2.05-0.000.40-0.10-0.10
Dividend Yield
N/AN/AN/AN/AN/AN/AN/A2.63%3.02%3.65%3.38%N/A
Profitability Indicator Ratios
Gross Profit Margin
36.92%-4.32%23.34%42.03%53.08%35.65%4.88%60.14%66.25%47.92%34.39%35.65%
Operating Profit Margin
70.70%-552.30%-143.56%27.00%87.59%-3.20%-0.83%42.59%42.96%58.82%44.17%44.17%
Pretax Profit Margin
60.96%-581.11%-184.63%-4.80%29.08%-12.69%-279.63%0.67%39.09%52.47%54.05%29.08%
Net Profit Margin
37.93%-481.24%-183.75%-4.10%29.09%8.82%-279.58%0.65%38.93%48.39%43.50%29.09%
Effective Tax Rate
37.76%17.18%0.47%14.58%-0.03%169.51%0.01%3.53%0.39%7.77%19.52%-0.03%
Return on Assets
8.07%-132.89%-68.01%-1.45%9.55%2.78%-103.89%0.41%26.89%20.58%16.56%9.55%
Return On Equity
21.24%493.59%60.21%1.87%33.42%9.49%405.74%2.95%103.75%45.07%39.73%33.42%
Return on Capital Employed
17.52%-170.68%-64.75%11.89%34.00%-1.13%-0.39%34.74%33.72%27.37%18.34%-1.13%
Liquidity Ratios
Current Ratio
0.791.640.601.230.980.650.68N/AN/AN/A1.230.98
Quick Ratio
0.330.800.581.230.480.620.400.630.801.321.230.48
Cash ratio
0.030.040.080.820.010.070.000.020.000.020.080.01
Days of Sales Outstanding
72.6692.6485.1077.6271.2065.8579.9872.4549.9371.5467.0265.85
Days of Inventory outstanding
174.04114.454.711.70182.936.1561.298.3024.11N/AN/A6.15
Operating Cycle
246.71207.0989.8279.32254.1372.01141.2880.7574.0471.5467.0272.01
Days of Payables Outstanding
310.44112.75167.37261.8786.6565.4742.3961.4870.0370.8144.0565.47
Cash Conversion Cycle
-63.7294.34-77.55-182.54167.486.5398.8819.264.010.7322.9622.96
Debt Ratios
Debt Ratio
0.391.131.921.540.560.581.080.520.530.400.380.58
Debt Equity Ratio
1.04-4.22-1.70-1.991.972.00-4.233.732.040.890.842.00
Long-term Debt to Capitalization
0.511.302.412.000.650.661.340.780.670.470.450.66
Total Debt to Capitalization
0.511.302.412.000.660.661.300.780.670.470.450.66
Interest Coverage Ratio
3.36-0.470.341.062.872.40-0.04N/AN/AN/A5.702.87
Cash Flow to Debt Ratio
0.340.290.120.070.280.300.350.490.600.640.740.28
Company Equity Multiplier
2.62-3.71-0.88-1.283.493.41-3.907.073.852.182.183.41
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.631.210.630.320.490.561.020.400.460.620.750.49
Free Cash Flow / Operating Cash Flow Ratio
-0.73-0.170.08-0.63-0.94-0.670.14-0.49-0.46-0.550.07-0.94
Cash Flow Coverage Ratio
0.340.290.120.070.280.300.350.490.600.640.740.28
Short Term Coverage Ratio
N/AN/AN/AN/A13.43N/A5.10N/AN/AN/AN/AN/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/A536.86%9.47%13.42%18.56%N/A