NorthWestern Energy Group, Inc.

NasdaqGS:NWE Stock Report

Market Cap: US$3.2b

NorthWestern Energy Group Valuation

Is NWE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NWE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NWE ($52.6) is trading below our estimate of fair value ($206.65)

Significantly Below Fair Value: NWE is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NWE?

Key metric: As NWE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NWE. This is calculated by dividing NWE's market cap by their current earnings.
What is NWE's PE Ratio?
PE Ratio14.2x
EarningsUS$226.70m
Market CapUS$3.23b

Price to Earnings Ratio vs Peers

How does NWE's PE Ratio compare to its peers?

The above table shows the PE ratio for NWE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18x
BKH Black Hills
16.3x9.8%US$4.1b
AVA Avista
14.5x7.2%US$2.9b
UTL Unitil
18.5x8.3%US$870.7m
NI NiSource
22.8x11.8%US$16.9b
NWE NorthWestern Energy Group
14.2x4.5%US$3.2b

Price-To-Earnings vs Peers: NWE is good value based on its Price-To-Earnings Ratio (14.2x) compared to the peer average (18x).

Price to Earnings Ratio vs Industry

How does NWE's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
NWE 14.2xIndustry Avg. 16.5xNo. of Companies10PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NWE is good value based on its Price-To-Earnings Ratio (14.2x) compared to the Global Integrated Utilities industry average (16.5x).

Price to Earnings Ratio vs Fair Ratio

What is NWE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NWE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.2x
Fair PE Ratio18.9x

Price-To-Earnings vs Fair Ratio: NWE is good value based on its Price-To-Earnings Ratio (14.2x) compared to the estimated Fair Price-To-Earnings Ratio (18.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NWE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$52.60
US$58.25
+10.7%
9.0%US$68.00US$51.00n/a8
Dec ’25US$55.24
US$58.00
+5.0%
9.3%US$68.00US$51.00n/a8
Nov ’25US$52.79
US$58.00
+9.9%
9.3%US$68.00US$51.00n/a8
Oct ’25US$57.24
US$55.31
-3.4%
15.9%US$68.00US$37.00n/a8
Sep ’25US$54.39
US$53.93
-0.8%
15.8%US$68.00US$37.00n/a7
Aug ’25US$53.46
US$55.17
+3.2%
12.3%US$68.00US$47.00n/a6
Jul ’25US$49.19
US$53.83
+9.4%
12.8%US$68.00US$47.00n/a6
Jun ’25US$51.96
US$53.83
+3.6%
12.8%US$68.00US$47.00n/a6
May ’25US$50.85
US$53.29
+4.8%
12.2%US$68.00US$47.00n/a7
Apr ’25US$50.65
US$53.63
+5.9%
11.2%US$68.00US$47.00n/a8
Mar ’25US$48.08
US$54.11
+12.5%
10.9%US$68.00US$47.00n/a9
Feb ’25US$48.71
US$54.11
+11.1%
10.9%US$68.00US$47.00n/a9
Jan ’25US$50.89
US$53.44
+5.0%
14.0%US$68.00US$39.00n/a9
Dec ’24US$51.42
US$53.00
+3.1%
14.2%US$68.00US$39.00US$55.249
Nov ’24US$48.97
US$53.72
+9.7%
15.3%US$68.00US$39.00US$52.799
Oct ’24US$48.06
US$57.11
+18.8%
11.9%US$68.00US$48.00US$57.249
Sep ’24US$50.36
US$57.89
+15.0%
11.4%US$68.00US$48.00US$54.399
Aug ’24US$55.99
US$59.88
+6.9%
9.1%US$68.00US$48.00US$53.468
Jul ’24US$56.76
US$60.00
+5.7%
10.3%US$68.00US$46.00US$49.198
Jun ’24US$56.01
US$60.06
+7.2%
9.6%US$68.00US$46.00US$51.969
May ’24US$58.94
US$60.38
+2.4%
10.0%US$68.00US$46.00US$50.858
Apr ’24US$57.86
US$57.63
-0.4%
10.2%US$68.00US$46.00US$50.658
Mar ’24US$56.83
US$57.50
+1.2%
10.3%US$68.00US$46.00US$48.088
Feb ’24US$57.54
US$57.50
-0.07%
10.3%US$68.00US$46.00US$48.718
Jan ’24US$59.34
US$57.00
-3.9%
9.0%US$68.00US$48.00US$50.898
Dec ’23US$57.38
US$56.38
-1.8%
9.4%US$68.00US$48.00US$51.428

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 13:28
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

NorthWestern Energy Group, Inc. is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David ParkerBaird
Nicholas CampanellaBarclays
Eric BeaumontBarclays