# Atmos Energy Corporation (ATO) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Utilities / Gas Utilities. Price $167.56, market value $28.3 billion.

## Valuation
- **P/E (trailing): 20.0×** (5-yr avg 18.0×, 3-yr avg 19.4×). Atmos Energy Corporation trades at 20.0× trailing earnings, close to its own five-year average of 18.0×. The Utilities median in the September 2026 study was 21.2×. Forward P/E is 18.6×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 2.01**. A PEG of 2.01 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 5.8×**. Each dollar of revenue is priced at 5.8×.
- **Price / book: 1.9×**. The shares trade at 1.9× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 14.3×**. Enterprise value is 14.3× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -7.1%** (5-yr avg -9.7%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 5.0%**. The inverse of the P/E: 5.0% of the price is earned each year.

## Profitability
- **Operating margin: 37.0%**. 37.0% of revenue is left after running the business, an exceptional level.
- **Net margin: 25.5%**. 25.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.8%**. 8.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 6.5%**. Return on all capital, debt included, is 6.5%.
- **Return on assets: 5.0%**. Each dollar of assets produces 5.0% of profit.

## Growth
- **Revenue growth (1 yr): 12.9%** (3-yr 3.8%/yr, 5-yr 10.8%/yr). Revenue grew 12.9% over the last year, against 10.8% a year compounded over five years.
- **EPS growth (1 yr): 9.2%** (3-yr 10.0%/yr, 5-yr 8.8%/yr). Earnings per share rose 9.2%, roughly in step with revenue.

## Financial health
- **Debt to equity: 0.66**. Debt is 0.66 times equity, moderate leverage.
- **Net debt / EBITDA: 3.4×**. It would take 3.4 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 0.77** (quick 0.77). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.39%** ($3.87 per share, trailing). Atmos Energy Corporation yields 2.39%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 46%**. 46% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 9.0%/yr** (1-yr 9.9%). The dividend has grown 9.0% a year over five years.

## Analyst view
- **Analyst consensus: hold** (11 analysts). 11 analysts cover Atmos Energy Corporation; the consensus is hold, with an average price target of $188.18 (+12% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 3.4%** (YTD 1.1%, 3-mo -1.6%). The shares are up 3.4% over twelve months including dividends.
- **From 52-week high: -13.0%** (4.7% above the low). Trading 13% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): -0.14** (volatility 16%). Beta of -0.14 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ATO · Page: https://foliofundamentals.com/stocks/ato

Not investment advice.