OGS Valuation

ONE Gas Inc

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74.950

-0.69(-0.912%)1D

Overview
Forecast
Valuation
Earnings

OGS Relative Valuation

OGS's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, OGS is overvalued; if below, it's undervalued.

Historical Valuation

ONE Gas Inc (OGS) is now in the Undervalued zone, suggesting that its current forward PE ratio of 16.87 is considered Undervalued compared with the five-year average of 18.22. The fair price of ONE Gas Inc (OGS) is between 76.33 to 88.42 according to relative valuation methord. Compared to the current price of 75.64 USD , ONE Gas Inc is Undervalued By 0.91%.

Relative Value

Fair Zone

76.33-88.42

Current Price：75.64

0.91%

Undervalued

16.87

Trailing

Forward

9.81

EV/EBITDA

ONE Gas Inc. (OGS) has a current EV/EBITDA of 9.81. The 5-year average EV/EBITDA is 11.72. The thresholds are as follows: Strongly Undervalued below 8.05, Undervalued between 8.05 and 9.89, Fairly Valued between 13.56 and 9.89, Overvalued between 13.56 and 15.39, and Strongly Overvalued above 15.39. The current Forward EV/EBITDA of 9.81 falls within the Undervalued range.

16.21

EV/EBIT

ONE Gas Inc. (OGS) has a current EV/EBIT of 16.21. The 5-year average EV/EBIT is 19.10. The thresholds are as follows: Strongly Undervalued below 12.75, Undervalued between 12.75 and 15.92, Fairly Valued between 22.27 and 15.92, Overvalued between 22.27 and 25.45, and Strongly Overvalued above 25.45. The current Forward EV/EBIT of 16.21 falls within the Historic Trend Line -Fairly Valued range.

1.81

ONE Gas Inc. (OGS) has a current PS of 1.81. The 5-year average PS is 1.91. The thresholds are as follows: Strongly Undervalued below 1.17, Undervalued between 1.17 and 1.54, Fairly Valued between 2.28 and 1.54, Overvalued between 2.28 and 2.65, and Strongly Overvalued above 2.65. The current Forward PS of 1.81 falls within the Historic Trend Line -Fairly Valued range.

6.78

P/OCF

ONE Gas Inc. (OGS) has a current P/OCF of 6.78. The 5-year average P/OCF is 6.31. The thresholds are as follows: Strongly Undervalued below -0.07, Undervalued between -0.07 and 3.12, Fairly Valued between 9.51 and 3.12, Overvalued between 9.51 and 12.70, and Strongly Overvalued above 12.70. The current Forward P/OCF of 6.78 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/FCF

ONE Gas Inc. (OGS) has a current P/FCF of 0.00. The 5-year average P/FCF is 2.09. The thresholds are as follows: Strongly Undervalued below -16.33, Undervalued between -16.33 and -7.12, Fairly Valued between 11.30 and -7.12, Overvalued between 11.30 and 20.51, and Strongly Overvalued above 20.51. The current Forward P/FCF of 0.00 falls within the Historic Trend Line -Fairly Valued range.

ONE Gas Inc (OGS) has a current Price-to-Book (P/B) ratio of 1.43. Compared to its 3-year average P/B ratio of 1.48 , the current P/B ratio is approximately -3.50% higher. Relative to its 5-year average P/B ratio of 1.59, the current P/B ratio is about -10.49% higher. ONE Gas Inc (OGS) has a Forward Free Cash Flow (FCF) yield of approximately -3.09%. Compared to its 3-year average FCF yield of 7.51%, the current FCF yield is approximately -141.18% lower. Relative to its 5-year average FCF yield of -6.45% , the current FCF yield is about -52.01% lower.

1.43

P/B

Median3y

1.48

Median5y

1.59

-3.09

FCF Yield

Median3y

7.51

Median5y

-6.45

Competitors Valuation Multiple

The average P/S ratio for OGS's competitors is 1.72, providing a benchmark for relative valuation. ONE Gas Inc Corp (OGS) exhibits a P/S ratio of 1.81, which is 4.98% above the industry average. Given its robust revenue growth of 19.65%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

New Jersey Resources Corp

Southwest Gas Holdings Inc

MDU Resources Group Inc

1.76

1.95%

3.36B

Performance Decomposition

Market capitalization of OGS increased by 9.72% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 354.14M to 423.74M.

The secondary factor is the Margin Expansion, contributed -1.69%to the performance.

Overall, the performance of OGS in the past 1 year is driven by Revenue Growth. Which is more sustainable.

19.65%

354.14M → 423.74M

Revenue Growth

-1.69%

7.69 → 7.56

Margin Expansion

-8.24%

19.56 → 17.95

P/E Change

9.72%