Northern Oil & Gas (NOG) EV to EBIT (2011 - 2025)
Northern Oil & Gas' EV to EBIT came in at 8.44 for Q4 2025, up 92.4% from 4.39 a year earlier and up 45.6% from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) EV to EBIT (2011 - 2025) Analysis & Trends
Going back to Q4 2011, Northern Oil & Gas' EV to EBIT data covers 41 quarters.
- EV to EBIT has increased in each of the last three years.
- Going back by year, EV to EBIT was 4.39 in FY2024 (+32.0%), 3.32 in FY2023 (+8.1%), 3.07 in FY2022 (-81.4%) and 16.51 in FY2021.
- The Q4 2025 figure represents the highest quarterly EV to EBIT since Q4 2021.
- Year-over-year, EV to EBIT increased in five of the last eight quarters, with growth averaging 46.3%.
- The fastest year-over-year change in EV to EBIT over five years came in Q1 2024 (growth of 165.3%), and the weakest in Q4 2022 (a decline of 81.4%).
- Business Quant data shows NOG's EV to EBIT at 5.79 (Q3 2025), 2.82 (Q2 2025) and 2.91 (Q1 2025) in the three quarters before Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - |
| 10 | Northern Oil & Gas | 2.47 Bn | 2.34 Bn | 618.15 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 8.44 |
| Sep 30, 2025 | 5.79 |
| Jun 30, 2025 | 2.82 |
| Mar 31, 2025 | 2.91 |
| Dec 31, 2024 | 4.39 |
| Sep 30, 2024 | 2.94 |
| Jun 30, 2024 | 4.66 |
| Mar 31, 2024 | 4.89 |
| Dec 31, 2023 | 3.32 |
| Sep 30, 2023 | 4.63 |
| Jun 30, 2023 | 2.32 |
| Mar 31, 2023 | 1.84 |
| Dec 31, 2022 | 3.07 |
| Sep 30, 2022 | 2.46 |
| Jun 30, 2022 | 6.70 |
| Dec 31, 2021 | 16.51 |
| Mar 31, 2020 | 0.48 |
| Dec 31, 2019 | 16.83 |
| Sep 30, 2019 | 1.67 |
| Jun 30, 2019 | 1.93 |
API Access
Northern Oil & Gas EV to EBIT API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebit&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "ticker": "NOG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebit&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();