# ONE Gas Inc. (OGS) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Utilities / Gas Utilities. Price $81.03, market value $5.1 billion.

## Valuation
- **P/E (trailing): 17.2×** (5-yr avg 16.4×, 3-yr avg 16.1×). ONE Gas Inc. trades at 17.2× trailing earnings, close to its own five-year average of 16.4×. The Utilities median in the September 2026 study was 21.2×. Forward P/E is 16.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.38**. A PEG of 1.38 is in the range usually read as fairly priced for its growth.
- **Price / sales: 2.0×**. Each dollar of revenue is priced at 2.0×.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -3.4%** (5-yr avg -6.8%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 5.8%**. The inverse of the P/E: 5.8% of the price is earned each year.

## Profitability
- **Operating margin: 13.6%**. 13.6% of revenue is left after running the business.
- **Return on equity: 7.7%**. 7.7% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 4.8%**. Return on all capital, debt included, is 4.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 2.5%**. Each dollar of assets produces 2.5% of profit.

## Growth
- **EPS growth (1 yr): 11.8%** (3-yr 2.3%/yr, 5-yr 3.5%/yr). Earnings per share rose 11.8%.

## Financial health
- **Debt to equity: 0.76**. Debt is 0.76 times equity, moderate leverage.
- **Interest coverage: 4.5×**. Operating profit covers interest 4.5× over, a safe margin.
- **Current ratio: 0.60** (quick 0.60). 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: 3.36%** ($2.72 per share, trailing). ONE Gas Inc. yields 3.36%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 61%**. 61% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 12**. 12 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 4.4%/yr** (1-yr 1.5%). The dividend has grown 4.4% a year over five years.

## Analyst view
- **Analyst consensus: buy** (9 analysts). 9 analysts cover ONE Gas Inc.; the consensus is buy, with an average price target of $85.17 (+5% 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): 2.2%** (YTD 5.2%, 3-mo 2.0%). The shares are up 2.2% over twelve months including dividends.
- **From 52-week high: -10.7%** (15.1% above the low). Trading 11% 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): 69**. An RSI of 69 is neutral.
- **Beta (1 yr): -0.23** (volatility 18%). Beta of -0.23 against the S&P 500: the shares move much less than the market.

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

Not investment advice.