United States Natural Gas Fund (UNG) EV to CFO (2012 - 2026)
United States Natural Gas Fund (UNG) recorded quarterly EV to CFO of 28.83 in Q2 2026, down 2256.99% on a QoQ basis from 1.34 in Q1 2026, and down 4994.62% YoY from 0.59 in Q2 2025.
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United States Natural Gas Fund (UNG) EV to CFO (2012 - 2026) Analysis & Trends
United States Natural Gas Fund (UNG) has reported EV to CFO for 15 consecutive years, with 28.83 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to CFO fell 4994.62% year-over-year to 28.83; the trailing twelve-month figure through Jun 2026 stood at 6.87 (up 1112.34% YoY), and the FY2025 full-year result was 0.02, down 100.36% from the prior year.
- EV to CFO was 28.83 for Q2 2026 at United States Natural Gas Fund, down from 1.34 in the prior quarter.
- The five-year high for EV to CFO was 10.2 in Q3 2023, with the low at 28.83 in Q2 2026.
- Historically, EV to CFO has averaged 0.9 across 5 years, with a median of 0.06 in 2022.
- Annual changes were most pronounced in 2024 — EV to CFO soared 1334.99% — and 2026, when it tumbled 4994.62%.
- Tracing UNG's EV to CFO over 5 years: stood at 0.06 in 2022, then slumped by 531.84% to 0.26 in 2023, then soared by 1334.99% to 3.25 in 2024, then plunged by 102.39% to 0.08 in 2025, then sank by 36958.14% to 28.83 in 2026.
- Per Business Quant data, the three most recent EV to CFO figures were 28.83 in Q2 2026, 1.34 in Q1 2026, and 0.08 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - |
| 10 | United States Natural Gas Fund | 445.85 Mn | 158.25 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -28.83 |
| Mar 31, 2026 | 1.34 |
| Dec 31, 2025 | -0.08 |
| Sep 30, 2025 | -0.21 |
| Jun 30, 2025 | -0.57 |
| Mar 31, 2025 | 1.49 |
| Dec 31, 2024 | 3.25 |
| Sep 30, 2024 | -2.02 |
| Jun 30, 2024 | 1.26 |
| Mar 31, 2024 | -1.42 |
| Dec 31, 2023 | -0.26 |
| Sep 30, 2023 | 10.20 |
| Jun 30, 2023 | -4.28 |
| Mar 31, 2023 | 0.05 |
| Dec 31, 2022 | 0.06 |
| Sep 30, 2022 | 2.26 |
| Jun 30, 2022 | 0.59 |
| Mar 31, 2022 | 0.94 |
| Dec 31, 2021 | -0.46 |
| Sep 30, 2021 | 0.76 |