What is Northern Oil and Gas's price / book?

Northern Oil and Gas (NOG) reported price / book of 1.7× in Q1 2026.

How has Northern Oil and Gas's price / book changed year-over-year?

Northern Oil and Gas's price / book increased by 37.2% year-over-year, from 1.2× to 1.7×.

What is the long-term trend for Northern Oil and Gas's price / book?

Over 4 years (2021 to 2025), Northern Oil and Gas's price / book has grown at a -39.6% compound annual growth rate (CAGR), from 7.4× to 1×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Northern Oil and Gas NOG Price / book

Price / book at other companies

Occidental PetroleumOXY

1.7×+0.3×

EOG ResourcesEOG

2.5×+0.1×

Devon EnergyDVN

2×+0.4×

FAN

Diamondback EnergyFANG

1.5×+0.3×

Crescent EnergyCRGY

0.9×+0.3×

Comstock ResourcesCRK

2.2×-0.6×

Other financials

Income statement

See full

Revenue$5.0M-99.2%

Gross profit-$124.7M-126%

Operating income-$654.9M-386%

Net income-$522.8M-476%

EPS (diluted)-$5.31-482%

Balance sheet

See full

Cash & equivalents$37.0M+10.3%

Total debt$2.6B+10.4%

Total equity$1.8B-25.7%

Total assets$5.5B-2.8%

Cash flow

See full

Operating cash flow$323.6M-20.6%

CapEx$55.0K-90.6%

Free cash flow$323.6M-20.5%

Valuation

See full

Market cap$2.11B+1.9%

Enterprise value$4.63B+5.6%

P/S1.1×+0.3×

Profitability

See full

Gross margin74%-8.0pp

Operating margin17.3%-30.2pp

Net margin7.6%-25.8pp

FCF margin75.7%+17.1pp

Returns & leverage

See full

Return on equity8%-37.1pp

Debt / equity1.4×+0.5×

Current ratio0.5×-0.4×

Where this comes from

Calculated from Northern Oil and Gas’s reported figures.

market cap/total stockholders equity=1.7×

Based on the most recent quarter.

The official record: Northern Oil and Gas’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northern Oil and Gas's price / book?: Northern Oil and Gas (NOG) reported price / book of 1.7× in Q1 2026.
How has Northern Oil and Gas's price / book changed year-over-year?: Northern Oil and Gas's price / book increased by 37.2% year-over-year, from 1.2× to 1.7×.
What is the long-term trend for Northern Oil and Gas's price / book?: Over 4 years (2021 to 2025), Northern Oil and Gas's price / book has grown at a -39.6% compound annual growth rate (CAGR), from 7.4× to 1×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.