ONE GAS INC (OGS) Fundamental Analysis & Valuation
NYSE:OGS • US68235P1084
87.05 USD
+0.3 (+0.35%)
At close: Mar 6, 2026
87.05 USD
0 (0%)
After Hours: 3/6/2026, 8:04:00 PM
This OGS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 3 out of 10 to OGS. OGS was compared to 15 industry peers in the Gas Utilities industry. There are concerns on the financial health of OGS while its profitability can be described as average. OGS is quite expensive at the moment. It does show a decent growth rate.
1. OGS Profitability Analysis
1.1 Basic Checks
- OGS had positive earnings in the past year.
- In the past year OGS had a positive cash flow from operations.
- In the past 5 years OGS has always been profitable.
- Of the past 5 years OGS 4 years had a positive operating cash flow.
1.2 Ratios
- OGS has a Return On Assets of 2.98%. This is in the lower half of the industry: OGS underperforms 60.00% of its industry peers.
- OGS has a worse Return On Equity (7.68%) than 73.33% of its industry peers.
- The Return On Invested Capital of OGS (4.77%) is comparable to the rest of the industry.
- Measured over the past 3 years, the Average Return On Invested Capital for OGS is in line with the industry average of 6.13%.
- The 3 year average ROIC (4.67%) for OGS is below the current ROIC(4.77%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.98% | ||
| ROE | 7.68% | ||
| ROIC | 4.77% |
ROA(3y)2.87%
ROA(5y)2.78%
ROE(3y)7.74%
ROE(5y)8.12%
ROIC(3y)4.67%
ROIC(5y)4.28%
1.3 Margins
- OGS's Profit Margin of 10.88% is in line compared to the rest of the industry. OGS outperforms 60.00% of its industry peers.
- OGS's Profit Margin has declined in the last couple of years.
- OGS has a Operating Margin of 18.85%. This is comparable to the rest of the industry: OGS outperforms 46.67% of its industry peers.
- OGS's Operating Margin has been stable in the last couple of years.
- The Gross Margin of OGS (58.85%) is comparable to the rest of the industry.
- OGS's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.85% | ||
| PM (TTM) | 10.88% | ||
| GM | 58.85% |
OM growth 3Y11.55%
OM growth 5Y-1.02%
PM growth 3Y8.17%
PM growth 5Y-3.24%
GM growth 3Y10.68%
GM growth 5Y-1.93%
2. OGS Health Analysis
2.1 Basic Checks
- OGS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, OGS has more shares outstanding
- OGS has more shares outstanding than it did 5 years ago.
- OGS has a better debt/assets ratio than last year.
2.2 Solvency
- OGS has an Altman-Z score of 1.08. This is a bad value and indicates that OGS is not financially healthy and even has some risk of bankruptcy.
- OGS has a Altman-Z score (1.08) which is comparable to the rest of the industry.
- A Debt/Equity ratio of 0.90 indicates that OGS is somewhat dependend on debt financing.
- OGS has a better Debt to Equity ratio (0.90) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.08 |
ROIC/WACC0.71
WACC6.72%
2.3 Liquidity
- A Current Ratio of 0.60 indicates that OGS may have some problems paying its short term obligations.
- The Current ratio of OGS (0.60) is worse than 73.33% of its industry peers.
- A Quick Ratio of 0.42 indicates that OGS may have some problems paying its short term obligations.
- With a Quick ratio value of 0.42, OGS is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.42 |
3. OGS Growth Analysis
3.1 Past
- OGS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.76%, which is quite good.
- Measured over the past 5 years, OGS shows a small growth in Earnings Per Share. The EPS has been growing by 3.50% on average per year.
- The Revenue has grown by 16.50% in the past year. This is quite good.
- The Revenue has been growing by 9.67% on average over the past years. This is quite good.
EPS 1Y (TTM)11.76%
EPS 3Y2.22%
EPS 5Y3.5%
EPS Q2Q%5.97%
Revenue 1Y (TTM)16.5%
Revenue growth 3Y-1.99%
Revenue growth 5Y9.67%
Sales Q2Q%9.3%
3.2 Future
- OGS is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.33% yearly.
- Based on estimates for the next years, OGS will show a small growth in Revenue. The Revenue will grow by 3.00% on average per year.
EPS Next Y8.84%
EPS Next 2Y6.65%
EPS Next 3Y6.84%
EPS Next 5Y6.33%
Revenue Next Year4.58%
Revenue Next 2Y1.18%
Revenue Next 3Y0.94%
Revenue Next 5Y3%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. OGS Valuation Analysis
4.1 Price/Earnings Ratio
- OGS is valuated rather expensively with a Price/Earnings ratio of 19.92.
- Based on the Price/Earnings ratio, OGS is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
- OGS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.29.
- The Price/Forward Earnings ratio is 18.30, which indicates a rather expensive current valuation of OGS.
- Based on the Price/Forward Earnings ratio, OGS is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
- OGS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.92 | ||
| Fwd PE | 18.3 |
4.2 Price Multiples
- OGS's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.11 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates OGS does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.25
PEG (5Y)5.7
EPS Next 2Y6.65%
EPS Next 3Y6.84%
5. OGS Dividend Analysis
5.1 Amount
- OGS has a Yearly Dividend Yield of 3.14%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 3.57, OGS is paying slightly less dividend.
- OGS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.14% |
5.2 History
- The dividend of OGS has a limited annual growth rate of 3.97%.
- OGS has been paying a dividend for at least 10 years, so it has a reliable track record.
- OGS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.97%
Div Incr Years10
Div Non Decr Years10
5.3 Sustainability
- OGS pays out 60.82% of its income as dividend. This is not a sustainable payout ratio.
- OGS's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP60.82%
EPS Next 2Y6.65%
EPS Next 3Y6.84%
OGS Fundamentals: All Metrics, Ratios and Statistics
87.05
+0.3 (+0.35%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-18 2026-02-18/amc
Earnings (Next)05-04 2026-05-04
Inst Owners94.45%
Inst Owner Change-1.01%
Ins Owners0.45%
Ins Owner Change2.19%
Market Cap5.46B
Revenue(TTM)2.43B
Net Income(TTM)264.22M
Analysts76.36
Price Target88.59 (1.77%)
Short Float %3.93%
Short Ratio5.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.14% |
Yearly Dividend2.62
Dividend Growth(5Y)3.97%
DP60.82%
Div Incr Years10
Div Non Decr Years10
Ex-Date02-20 2026-02-20 (0.68)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.8%
Min EPS beat(2)-1.38%
Max EPS beat(2)4.97%
EPS beat(4)2
Avg EPS beat(4)2.17%
Min EPS beat(4)-1.38%
Max EPS beat(4)5.81%
EPS beat(8)2
Avg EPS beat(8)-1.12%
EPS beat(12)3
Avg EPS beat(12)-0.65%
EPS beat(16)5
Avg EPS beat(16)-0.7%
Revenue beat(2)0
Avg Revenue beat(2)-18.08%
Min Revenue beat(2)-26.36%
Max Revenue beat(2)-9.81%
Revenue beat(4)0
Avg Revenue beat(4)-14.54%
Min Revenue beat(4)-26.36%
Max Revenue beat(4)-0.92%
Revenue beat(8)0
Avg Revenue beat(8)-16.37%
Revenue beat(12)1
Avg Revenue beat(12)-10.98%
Revenue beat(16)5
Avg Revenue beat(16)3.39%
PT rev (1m)2.36%
PT rev (3m)5.28%
EPS NQ rev (1m)-0.07%
EPS NQ rev (3m)2.49%
EPS NY rev (1m)-0.06%
EPS NY rev (3m)2.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.48%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.92 | ||
| Fwd PE | 18.3 | ||
| P/S | 2.15 | ||
| P/FCF | N/A | ||
| P/OCF | 9.02 | ||
| P/B | 1.52 | ||
| P/tB | 1.71 | ||
| EV/EBITDA | 10.11 |
EPS(TTM)4.37
EY5.02%
EPS(NY)4.76
Fwd EY5.46%
FCF(TTM)-2.14
FCFYN/A
OCF(TTM)9.65
OCFY11.08%
SpS40.46
BVpS57.34
TBVpS50.81
PEG (NY)2.25
PEG (5Y)5.7
Graham Number75.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.98% | ||
| ROE | 7.68% | ||
| ROCE | 6.25% | ||
| ROIC | 4.77% | ||
| ROICexc | 4.78% | ||
| ROICexgc | 5.02% | ||
| OM | 18.85% | ||
| PM (TTM) | 10.88% | ||
| GM | 58.85% | ||
| FCFM | N/A |
ROA(3y)2.87%
ROA(5y)2.78%
ROE(3y)7.74%
ROE(5y)8.12%
ROIC(3y)4.67%
ROIC(5y)4.28%
ROICexc(3y)4.69%
ROICexc(5y)4.3%
ROICexgc(3y)4.98%
ROICexgc(5y)4.54%
ROCE(3y)5.99%
ROCE(5y)5.49%
ROICexgc growth 3Y4.31%
ROICexgc growth 5Y1.54%
ROICexc growth 3Y5.01%
ROICexc growth 5Y1.11%
OM growth 3Y11.55%
OM growth 5Y-1.02%
PM growth 3Y8.17%
PM growth 5Y-3.24%
GM growth 3Y10.68%
GM growth 5Y-1.93%
F-Score6
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.99 | ||
| Cap/Depr | 222.92% | ||
| Cap/Sales | 29.13% | ||
| Interest Coverage | 3.29 | ||
| Cash Conversion | 74.71% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.42 | ||
| Altman-Z | 1.08 |
F-Score6
WACC6.72%
ROIC/WACC0.71
Cap/Depr(3y)232.72%
Cap/Depr(5y)240.78%
Cap/Sales(3y)30.33%
Cap/Sales(5y)28.4%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.76%
EPS 3Y2.22%
EPS 5Y3.5%
EPS Q2Q%5.97%
EPS Next Y8.84%
EPS Next 2Y6.65%
EPS Next 3Y6.84%
EPS Next 5Y6.33%
Revenue 1Y (TTM)16.5%
Revenue growth 3Y-1.99%
Revenue growth 5Y9.67%
Sales Q2Q%9.3%
Revenue Next Year4.58%
Revenue Next 2Y1.18%
Revenue Next 3Y0.94%
Revenue Next 5Y3%
EBIT growth 1Y14.64%
EBIT growth 3Y9.34%
EBIT growth 5Y8.55%
EBIT Next Year75.77%
EBIT Next 3Y26.1%
EBIT Next 5Y20.72%
FCF growth 1Y61.65%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y57.12%
OCF growth 3Y-28.31%
OCF growth 5Y9.69%
ONE GAS INC / OGS FAQ
What is the fundamental rating for OGS stock?
ChartMill assigns a fundamental rating of 3 / 10 to OGS.
Can you provide the valuation status for ONE GAS INC?
ChartMill assigns a valuation rating of 1 / 10 to ONE GAS INC (OGS). This can be considered as Overvalued.
What is the profitability of OGS stock?
ONE GAS INC (OGS) has a profitability rating of 4 / 10.
Can you provide the PE and PB ratios for OGS stock?
The Price/Earnings (PE) ratio for ONE GAS INC (OGS) is 19.92 and the Price/Book (PB) ratio is 1.52.
Can you provide the expected EPS growth for OGS stock?
The Earnings per Share (EPS) of ONE GAS INC (OGS) is expected to grow by 8.84% in the next year.