Northwest Natural Holding Company
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
14.3113.8613.0812.48
Price/Sales ratio
1.031.041.000.87
Earnings per Share (EPS)
$2.86$2.95$3.13$3.28

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
23.1025.7728.07-30.3026.9735.5718.2919.0318.7115.0219.3035.57
Price/Sales ratio
1.791.912.442.232.462.941.811.741.551.171.392.94
Price/Book Value ratio
1.761.771.942.262.282.531.581.601.371.091.242.53
Price/Cash Flow ratio
6.287.497.448.1510.3111.859.829.3310.935.037.6511.85
Price/Free Cash Flow ratio
14.1820.8520.00-254.60-37.96-38.53-10.18-11.10-8.42-29.75-8.76-37.96
Price/Earnings Growth ratio
-6.46-2.785.500.15-0.12-4.681.511.84-23.957.63-0.55-4.68
Dividend Yield
3.69%3.55%3.11%3.20%2.94%2.42%3.94%3.73%3.88%4.77%4.94%2.94%
Profitability Indicator Ratios
Gross Profit Margin
33.36%33.01%39.26%36.05%37.36%37.90%38.84%38.25%32.89%35.39%35.68%37.90%
Operating Profit Margin
18.95%17.16%20.60%19.23%18.71%19.22%19.17%18.95%16.14%15.44%13.04%19.22%
Pretax Profit Margin
13.30%12.35%14.73%14.97%12.95%10.44%11.80%12.32%11.12%10.54%9.40%10.44%
Net Profit Margin
7.78%7.41%8.71%-7.36%9.14%8.27%9.92%9.14%8.31%7.83%6.89%8.27%
Effective Tax Rate
41.50%39.96%40.87%36.26%26.43%16.21%23.07%25.83%25.23%25.63%26.63%26.43%
Return on Assets
1.91%1.74%1.91%-1.82%1.99%1.80%2.04%1.93%1.81%1.92%1.58%1.80%
Return On Equity
7.64%6.87%6.92%-7.48%8.46%7.12%8.63%8.41%7.34%7.31%6.04%7.12%
Return on Capital Employed
5.50%4.78%4.96%5.46%4.83%4.86%4.74%4.88%4.35%4.43%3.33%4.86%
Liquidity Ratios
Current Ratio
0.770.691.040.700.580.610.51N/AN/AN/A0.820.58
Quick Ratio
0.600.540.850.580.490.510.440.520.730.700.600.49
Cash ratio
0.020.000.010.000.020.020.040.020.030.04N/A0.02
Days of Sales Outstanding
61.8667.1970.3861.7167.1060.1070.2077.0589.6061.2723.7560.10
Days of Inventory outstanding
56.5353.3548.1235.9636.4334.6432.9339.3445.6653.1154.1936.43
Operating Cycle
118.40120.54118.5197.68103.5394.75103.13116.39135.27114.3877.9594.75
Days of Payables Outstanding
66.3655.1276.1583.9395.6289.2975.5681.0494.7268.5834.8889.29
Cash Conversion Cycle
52.0365.4242.3513.747.905.4527.5635.3540.5445.8043.067.90
Debt Ratios
Debt Ratio
0.290.280.250.270.290.300.330.350.330.340.300.29
Debt Equity Ratio
1.161.100.901.121.251.181.411.531.351.291.241.18
Long-term Debt to Capitalization
0.440.420.440.470.480.480.490.520.510.520.530.48
Total Debt to Capitalization
0.530.520.470.520.550.540.580.600.570.560.550.54
Interest Coverage Ratio
3.202.923.553.613.563.363.44N/AN/AN/A1.883.36
Cash Flow to Debt Ratio
0.240.210.280.240.170.170.110.110.090.160.130.17
Company Equity Multiplier
3.993.933.624.094.253.954.224.344.033.794.053.95
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.280.250.320.270.230.240.180.180.140.230.170.24
Free Cash Flow / Operating Cash Flow Ratio
0.440.350.37-0.03-0.27-0.30-0.96-0.84-1.29-0.16-0.91-0.30
Cash Flow Coverage Ratio
0.240.210.280.240.170.170.110.110.090.160.130.17
Short Term Coverage Ratio
0.780.622.381.360.680.820.350.410.421.161.940.68
Dividend Payout Ratio
85.34%91.69%87.45%-97.00%79.46%86.39%72.17%71.08%72.73%71.73%90.44%79.46%