ONE GAS INC (OGS) Fundamental Analysis & Valuation
NYSE:OGS • US68235P1084
86.53 USD
-0.62 (-0.71%)
Last: Mar 10, 2026, 02:58 PM
This OGS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall OGS gets a fundamental rating of 3 out of 10. We evaluated OGS against 15 industry peers in the Gas Utilities industry. OGS has a medium profitability rating, but doesn't score so well on its financial health evaluation. OGS is valied quite expensively at the moment, while it does show a decent growth rate.
1. OGS Profitability Analysis
1.1 Basic Checks
- In the past year OGS was profitable.
- OGS had a positive operating cash flow in the past year.
- 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
- Looking at the Return On Assets, with a value of 2.98%, OGS is doing worse than 60.00% of the companies in the same industry.
- OGS's Return On Equity of 7.68% is on the low side compared to the rest of the industry. OGS is outperformed by 73.33% of its industry peers.
- OGS has a Return On Invested Capital of 4.77%. This is comparable to the rest of the industry: OGS outperforms 53.33% of its industry peers.
- 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 last Return On Invested Capital (4.77%) for OGS is above the 3 year average (4.67%), which is a sign of increasing profitability.
| 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.
- In the last couple of years the Profit Margin of OGS has declined.
- 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), OGS is destroying value.
- The number of shares outstanding for OGS has been increased compared to 1 year ago.
- The number of shares outstanding for OGS has been increased compared to 5 years ago.
- OGS has a better debt/assets ratio than last year.
2.2 Solvency
- OGS has an Altman-Z score of 1.11. 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 (1.11) which is in line with its industry peers.
- A Debt/Equity ratio of 0.90 indicates that OGS is somewhat dependend on debt financing.
- OGS's Debt to Equity ratio of 0.90 is fine compared to the rest of the industry. OGS outperforms 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.11 |
ROIC/WACC0.71
WACC6.77%
2.3 Liquidity
- OGS has a Current Ratio of 0.60. This is a bad value and indicates that OGS is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a Current ratio value of 0.60, OGS is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
- OGS has a Quick Ratio of 0.60. This is a bad value and indicates that OGS is not financially healthy enough and could expect problems in meeting its short term obligations.
- OGS has a Quick ratio of 0.42. This is amonst the worse of the industry: OGS underperforms 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.42 |
3. OGS Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 11.76% over the past year.
- OGS shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.50% yearly.
- The Revenue has grown by 16.50% in the past year. This is quite good.
- Measured over the past years, OGS shows a quite strong growth in Revenue. The Revenue has been growing by 9.67% on average per year.
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 Y9.15%
EPS Next 2Y6.85%
EPS Next 3Y6.83%
EPS Next 5Y6.33%
Revenue Next Year10.56%
Revenue Next 2Y1.98%
Revenue Next 3Y0.94%
Revenue Next 5Y3%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- 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
- Based on the Price/Earnings ratio of 19.80, the valuation of OGS can be described as rather expensive.
- OGS's Price/Earnings ratio is a bit more expensive when compared to the industry. OGS is more expensive than 60.00% of the companies in the same industry.
- OGS is valuated rather cheaply when we compare the Price/Earnings ratio to 26.45, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 18.14, which indicates a rather expensive current valuation of OGS.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of OGS indicates a slightly more expensive valuation: OGS is more expensive than 60.00% of the companies listed in the same industry.
- When comparing the Price/Forward Earnings ratio of OGS to the average of the S&P500 Index (24.65), we can say OGS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.8 | ||
| Fwd PE | 18.14 |
4.2 Price Multiples
- OGS's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.44 |
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)2.16
PEG (5Y)5.66
EPS Next 2Y6.85%
EPS Next 3Y6.83%
5. OGS Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 3.14%, OGS has a reasonable but not impressive dividend return.
- OGS's Dividend Yield is slightly below the industry average, which is at 3.56.
- 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 paid a dividend for at least 10 years, which is a reliable track record.
- OGS has not decreased their dividend for at least 10 years, which is a reliable track record.
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 2Y6.85%
EPS Next 3Y6.83%
OGS Fundamentals: All Metrics, Ratios and Statistics
NYSE:OGS (3/10/2026, 2:58:21 PM)
86.53
-0.62 (-0.71%)
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 Cap5.42B
Revenue(TTM)2.43B
Net Income(TTM)264.22M
Analysts76.36
Price Target88.59 (2.38%)
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)2.18%
PT rev (3m)0.91%
EPS NQ rev (1m)0.66%
EPS NQ rev (3m)2.5%
EPS NY rev (1m)0.29%
EPS NY rev (3m)2.08%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)-0.04%
Revenue NY rev (1m)5.72%
Revenue NY rev (3m)5.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.8 | ||
| Fwd PE | 18.14 | ||
| P/S | 2.23 | ||
| P/FCF | N/A | ||
| P/OCF | 9.37 | ||
| P/B | 1.58 | ||
| P/tB | 1.78 | ||
| EV/EBITDA | 10.44 |
EPS(TTM)4.37
EY5.05%
EPS(NY)4.77
Fwd EY5.51%
FCF(TTM)-2.05
FCFYN/A
OCF(TTM)9.23
OCFY10.67%
SpS38.72
BVpS54.88
TBVpS48.63
PEG (NY)2.16
PEG (5Y)5.66
Graham Number73.45
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 | 1.11 |
F-Score6
WACC6.77%
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 Y9.15%
EPS Next 2Y6.85%
EPS Next 3Y6.83%
EPS Next 5Y6.33%
Revenue 1Y (TTM)16.5%
Revenue growth 3Y-1.99%
Revenue growth 5Y9.67%
Sales Q2Q%9.3%
Revenue Next Year10.56%
Revenue Next 2Y1.98%
Revenue Next 3Y0.94%
Revenue Next 5Y3%
EBIT growth 1Y14.64%
EBIT growth 3Y9.34%
EBIT growth 5Y8.55%
EBIT Next Year74.58%
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 19.8 and the Price/Book (PB) ratio is 1.58.
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 9.15% in the next year.