Naturgy stock: fundamental analysis
Stocks · NTGY · Utilities
Naturgy Energy Group, S.A., together with its subsidiaries, engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas. It operates through Distribution Networks and Energy Markets segments. Below are its fundamentals, explained in the order worth reading them: business quality, debt, growth and, last, whether the price is reasonable.
- Price: 29.58 EUR
- Market cap: 27.4B EUR
Data as of September 18, 2026 · Yahoo Finance
Quick read
Business quality
ROE of 22.9%: it earns a high return on shareholders' money. Out of every 100 in sales, 10.7 end up as profit.
Financial health
Net debt/EBITDA of 2.4x: moderate leverage, manageable for stable businesses such as utilities or infrastructure.
Growth
Revenue is growing 11.5% year on year: a solid pace. Earnings are up 10.6%.
Valuation
It trades at a P/E of 13.6, below the 16.2 median of the utilities companies we track. A low P/E is not automatically a bargain: it can reflect risks or slower growth.
Dividend
Dividend yield of 8.0% (2.40 EUR per share per year) with a payout ratio of 81.7%.
Tools
All metrics
| Naturgy | Sector median | |
|---|---|---|
| Business quality | ||
| ROE | 22.9% | 12.7% |
| ROA | 6.0% | 3.8% |
| Gross margin | 39.1% | 56.8% |
| Operating margin | 23.7% | 24.5% |
| Net margin | 10.7% | 15.9% |
| Financial health | ||
| Net debt/EBITDA | 2.4x | 4.6x |
| Debt/equity | 1.4x | 1.2x |
| Current ratio | 1.4x | 0.9x |
| Growth | ||
| Revenue growth | 11.5% | 9.8% |
| Earnings growth | 10.6% | 67.8% |
| Valuation | ||
| P/E ratio | 13.6x | 16.2x |
| Forward P/E | 14.2x | 15.7x |
| EV/EBITDA | 8.3x | 12.2x |
| Price/book | 2.9x | 2.6x |
| FCF yield | 6.5% | 3.9% |
| Dividend | ||
| Dividend yield | 8.0% | 4.5% |
| Payout ratio | 81.7% | 83.3% |
| Beta (volatility) | 0.5x | 0.5x |
Frequently asked questions
What is Naturgy's P/E ratio?
Naturgy's P/E is 13.6 based on trailing 12-month earnings and 14.2 on expected earnings. The median for its sector among the companies we track is 16.2. Data as of September 18, 2026.
What dividend does Naturgy pay?
Dividend yield of 8.0% (2.40 EUR per share per year) with a payout ratio of 81.7%.
Is Naturgy stock expensive?
It trades at a P/E of 13.6, below the 16.2 median of the utilities companies we track. A low P/E is not automatically a bargain: it can reflect risks or slower growth. This is an educational reading based on ratios, not a buy or sell recommendation.
Does Naturgy have a lot of debt?
Net debt/EBITDA of 2.4x: moderate leverage, manageable for stable businesses such as utilities or infrastructure.
What is Naturgy's market cap?
Naturgy has a market cap of 27.4B EUR and its shares trade at 29.58 EUR, with a 52-week range of 24.30 EUR to 30.04 EUR (data as of September 18, 2026).
Other companies in the sector
Trailing 12-month metrics. Educational content, not investment advice.