NorthWestern Corporation (NWE) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of NorthWestern Corporation $43.20, price $68.70, upside -37.1%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
- Add to watchlist
NorthWestern Corporation
NWE · USWeakest SetupStrongly overvalued and low quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $40.96 – $73.42 · fair‑value band $37.54 – $54.59 · the $68.70 price screens above the $43.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
Every Wednesday you see whether NorthWestern is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Company profile
NorthWestern Energy Group, Inc., doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and diversified industrial customers.
Show more
NorthWestern Energy Group, Inc., doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and diversified industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities. The company operates 6,596 miles of electric transmission and 18,946 miles of electric distribution lines with approximately 397 transmission and distribution substations; and 2,133 miles of natural gas transmission and 5,939 miles of natural gas distribution lines with approximately 134 city gate stations in Montana. It also operates 1,344 miles of electric transmission and 2,386 miles of electric distribution lines in South Dakota with approximately 123 transmission and distribution substations; and 55 miles of natural gas transmission, 1,853 miles of natural gas distribution lines in South Dakota, and 836 miles of natural gas distribution lines Nebraska. The company provides electricity and/or natural gas to approximately 850,300 customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. NorthWestern Energy Group, Inc. was incorporated in 1923 and is based in Sioux Falls, South Dakota.
Stock analysis
NorthWestern Corporation (NWE) currently trades at $68.70, while our model-based Fair Value estimate is $43.20, implying the stock looks roughly 59.0% overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of $43.20 per share, and 1 of the 14 models we run sit above the $68.70 price.
Bear case: the Earnings-Based group reads lowest at $25.47, and 13 of the 14 models stay below the price. Evidence for this calculation is high.
Scenario range: $37.54 (bear) to $54.59 (bull), the price of $68.70 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Utilities sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
NorthWestern Corporation reported revenue of $1.6B in FY2025 versus $1.4B in FY2021, a compound +4.1%/yr. Reported net income was $181M in FY2025, compounding −0.8%/yr from FY2021.
Key figures
Market cap $4.2B · P/E ratio 25.3 · P/S ratio 2.84 · EPS (TTM) $2.72 · Dividend yield 3.9% · Net margin 11.2% · Return on equity 5.8% · Return on assets (EBIT) 3.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 25% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −36% fair-value upside, at −37%, NWE screens richer than that median.
Fair Value models
All 16 models by family
Notify me when NWE reaches fair value
Put NWE on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 67
Revenue & earnings trend
NWE screens 59% overvalued. Compare with NextEra Energy, Inc →
Earlier news
- NorthWestern Energy Group Inc's Dividend Analysis
- NorthWestern Energy Group (NWE) Following Reaffirmed Guidance And Q2 Gains Looks About Right
Compare NorthWestern Corporation with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Regulated Electric · 157 stocks
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Utilities sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Utilities
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NextEra Energy, Inc NEE | $79.26 | $29.88 | −62% |
| The Southern Company SO | $85.15 | $58.74 | −31% |
| Duke Energy Corporation DUK | $116.31 | $74.89 | −36% |
| American Electric Power Company AEP | $120.27 | $100.09 | −17% |
| Dominion Energy, Inc D | $62.43 | $37.67 | −40% |
| Entergy Corporation ETR | $101.16 | $38.37 | −62% |
| Xcel Energy Inc XEL | $72.06 | $54.92 | −24% |
| Exelon Corporation EXC | $41.80 | $36.26 | −13% |
| Consolidated Edison, Inc ED | $103.84 | $47.92 | −54% |
| Public Service Enterprise Group PEG | $69.12 | $33.43 | −52% |
Explore undervalued stocks
More undervalued Utilities stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is NorthWestern Corporation (NWE) overvalued or undervalued?
What is the fair value of NWE?
What is the quality score of NWE?
What is the price target for NorthWestern Corporation (NWE)?
What is the NorthWestern Corporation stock forecast for 2026?
What is the revenue of NorthWestern Corporation (NWE)?
Does NorthWestern Corporation pay a dividend?
What is the intrinsic value of NorthWestern Corporation (NWE)?
Is NorthWestern Corporation stock overvalued or undervalued in 2026?
Is fair value the same as the market price of NWE?
How much is NorthWestern Corporation worth?
What do the bullish and bearish scenarios say about NWE?
What is the P/E ratio of NWE?
What is the PEG ratio of NWE?
How solid is the balance sheet of NorthWestern Corporation (NWE)?
How far is NWE from its 52-week high?
Which stocks are comparable to NorthWestern Corporation?
Is NorthWestern Corporation stock attractive at the current price?
How is the fair value of NWE calculated?
Is it still worth investing in stocks now?
What is the share price of NorthWestern Corporation (NWE)?
What should I pay attention to with NorthWestern Corporation right now?
Where does the earnings growth of NorthWestern Corporation (NWE) come from?
Key figures of NorthWestern Corporation
How large is the market capitalisation of NorthWestern Corporation (NWE)?
What is the P/S ratio of NorthWestern Corporation (NWE)?
What are the earnings per share of NorthWestern Corporation (NWE)?
What is the dividend yield of NorthWestern Corporation (NWE)?
What is the net margin of NorthWestern Corporation (NWE)?
What is the return on equity of NorthWestern Corporation (NWE)?
What is the EBIT return on assets of NorthWestern Corporation (NWE)?
What is the operating margin of NorthWestern Corporation (NWE)?
How fast is revenue growing at NorthWestern Corporation (NWE)?
How fast are earnings growing at NorthWestern Corporation (NWE)?
How much free cash flow does NorthWestern Corporation (NWE) generate?
How much net debt does NorthWestern Corporation (NWE) carry?
Watch NorthWestern Corporation in the live analysis
One click puts NorthWestern Corporation on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.