United States 12 Month Natural Gas Fund (UNL) Price to Sales (2010 - 2026)
United States 12 Month Natural Gas Fund's (UNL) quarterly Price to Sales came in at 16.88 in Q2 2026, up 234.7% on a YoY basis from 5.04 in Q2 2025, and down 40.66% quarter-over-quarter from 28.44 in Q1 2026.
Analysis
United States 12 Month Natural Gas Fund (UNL) Price to Sales (2010 - 2026) Analysis & Trends
United States 12 Month Natural Gas Fund (UNL) has reported Price to Sales for 16 consecutive years, with 16.88 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Price to Sales rose 234.7% year-over-year to 16.88; the trailing twelve-month figure through Jun 2026 stood at 4.05 (up 162.24% YoY), and the FY2025 full-year result was 16.75, down 18.14% from the prior year.
- Price to Sales retreated to 16.88 in Q2 2026 per UNL's latest filing, from 28.44 in the prior quarter.
- Across five years, Price to Sales topped out at 116.85 in Q2 2023 and bottomed at 2.14 in Q1 2023.
- Historically, Price to Sales has averaged 18.27 across 5 years, with a median of 8.09 in 2024.
- The sharpest annual moves came in 2022 and 2023: Price to Sales plunged 96.14% in 2022, then jumped 2551.48% in 2023.
- Over 5 years, Price to Sales stood at 4.02 in 2022, then retreated by 27.45% to 2.91 in 2023, then jumped by 1076.86% to 34.29 in 2024, then plunged by 73.65% to 9.03 in 2025, then soared by 86.83% to 16.88 in 2026.
- According to Business Quant data, Price to Sales over the past three periods registered 16.88, 28.44, and 9.03 for Q2 2026, Q1 2026, and Q4 2025 respectively.
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 12 Month Natural Gas Fund | 14.88 Mn | -4.07 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.88 |
| Mar 31, 2026 | 28.44 |
| Dec 31, 2025 | 9.03 |
| Sep 30, 2025 | 8.23 |
| Jun 30, 2025 | 5.04 |
| Mar 31, 2025 | 4.59 |
| Dec 31, 2024 | 34.29 |
| Sep 30, 2024 | 42.26 |
| Jun 30, 2024 | 15.77 |
| Mar 31, 2024 | 7.95 |
| Dec 31, 2023 | 2.91 |
| Sep 30, 2023 | 19.37 |
| Jun 30, 2023 | 116.85 |
| Mar 31, 2023 | 2.14 |
| Dec 31, 2022 | 4.02 |
| Sep 30, 2022 | 4.02 |
| Jun 30, 2022 | 4.41 |
| Mar 31, 2022 | 2.73 |
| Dec 31, 2021 | 3.45 |
| Sep 30, 2021 | 3.20 |