United States Natural Gas Fund (UNG) Price to Sales (2009 - 2025)
United States Natural Gas Fund (UNG) recorded quarterly Price to Sales of 81.1 in Q4 2025, up 781.03% on a QoQ basis from 9.21 in Q3 2025, and up 421.61% YoY from 15.55 in Q4 2024.
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United States Natural Gas Fund (UNG) Price to Sales (2009 - 2025) Analysis & Trends
United States Natural Gas Fund (UNG) has reported Price to Sales for 16 consecutive years, with 81.1 the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Price to Sales rose 421.61% year-over-year to 81.1; the trailing twelve-month figure through Dec 2025 stood at 1.11 (down 49.23% YoY), and the FY2025 full-year result was 81.1, up 421.61% from the prior year.
- Price to Sales was 81.1 for Q4 2025 at United States Natural Gas Fund, up from 9.21 in the prior quarter.
- The five-year high for Price to Sales was 237.41 in Q3 2024, with the low at 1.53 in Q4 2021.
- Historically, Price to Sales has averaged 21.03 across 5 years, with a median of 4.07 in 2022.
- Annual changes were most pronounced in 2024 — Price to Sales soared 1739.3% — and 2025, when it sank 96.12%.
- Tracing UNG's Price to Sales over 5 years: stood at 1.53 in 2021, then rose by 4.39% to 1.59 in 2022, then soared by 90.5% to 3.03 in 2023, then surged by 412.66% to 15.55 in 2024, then jumped by 421.61% to 81.1 in 2025.
- Per Business Quant data, the three most recent Price to Sales figures were 81.1 in Q4 2025, 9.21 in Q3 2025, and 2.75 in Q2 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 |
|---|---|
| Dec 31, 2025 | 81.10 |
| Sep 30, 2025 | 9.21 |
| Jun 30, 2025 | 2.75 |
| Mar 31, 2025 | 3.29 |
| Dec 31, 2024 | 15.55 |
| Sep 30, 2024 | 237.41 |
| Jun 30, 2024 | 4.70 |
| Mar 31, 2024 | 4.15 |
| Dec 31, 2023 | 3.03 |
| Sep 30, 2023 | 12.91 |
| Jun 30, 2023 | 10.38 |
| Mar 31, 2023 | 1.62 |
| Dec 31, 2022 | 1.59 |
| Sep 30, 2022 | 3.99 |
| Jun 30, 2022 | 7.66 |
| Mar 31, 2022 | 2.18 |
| Dec 31, 2021 | 1.53 |
| Sep 30, 2021 | 2.86 |
| Jun 30, 2021 | 3.50 |
| Mar 31, 2021 | 11.26 |