Northwest Natural Holding Company (NWN) valuation
Northwest Natural Holding P/E ratio history
Northwest Natural Holding trades at 16.7 times its earnings over the last twelve months and 15.8 times the earnings analysts expect over the next twelve. At its last 9 fiscal year ends its P/E ranged from 15.0 (year to Dec 2023) to 35.1 (year to Dec 2019), with a median of 19.1.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $46.74 | $2.77 | 16.9 | 15.8 |
| Dec 31, 2024 | $39.56 | $2.03 | 19.5 | 14.5 |
| Dec 31, 2023 | $38.94 | $2.59 | 15.0 | 14.2 |
| Dec 31, 2022 | $47.59 | $2.54 | 18.7 | 17.8 |
| Dec 31, 2021 | $48.78 | $2.56 | 19.1 | 18.7 |
| Dec 31, 2020 | $45.99 | $2.51 | 18.3 | — |
| Dec 31, 2019 | $73.73 | $2.10 | 35.1 | — |
| Dec 31, 2018 | $60.46 | $2.24 | 27.0 | — |
| Dec 31, 2017 | $59.65 | -$1.93 | n/m | — |
| Dec 31, 2016 | $59.80 | $2.12 | 28.2 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Northwest Natural Holding valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Northwest Natural HoldingNWN | $2.10B | 16.7 | 15.8 | 1.6 |
| H2O AmericaHTO | $2.50B | 23.4 | 21.5 | 3.0 |
| Mge EnergyMGEE | $2.71B | 18.1 | 18.0 | 3.5 |
| Hawaiian Electric IndustriesHE | $1.50B | 6.7 | 9.6 | 0.5 |
| California Water Service GroupCWT | $3.00B | 21.7 | 18.0 | 2.8 |
| AvistaAVA | $3.10B | 13.6 | 13.9 | 1.6 |
| Chesapeake UtilitiesCPK | $3.27B | 21.8 | 19.8 | 3.3 |
| American States WaterAWR | $3.38B | 23.7 | 23.1 | 4.9 |
| Otter TailOTTR | $3.79B | 19.5 | 15.9 | 2.9 |
| Peer median | 20.6 | 18.0 | 2.9 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: NWN financials · NWN returns
No forecast, no recommendation. This page describes Northwest Natural Holding Company from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.