Atmos Energy Corporation ATO

157.21 0.79 0.51% as of 25 Sep
Market cap
$26.4B
P/E
18.5×
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Atmos Energy Corporation (ATO) P/B ratio

As of 25 September 2026, Atmos Energy Corporation (ATO) trades at a P/B ratio of 1.7×. Over the past ten years it has ranged from 1.4× (October 2023) to 2.5× (November 2017); the current reading is higher than 33% of that period. That is above the Utilities Regulated Gas industry median of 1.5× and above the Utilities sector median of 1.6×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 2.0× 15.03%
FY2024 1.7× 26.83%
FY2023 1.4× (7.95%)
FY2022 1.5× 2.95%
FY2021 1.4× (16.24%)
FY2020 1.7× (25.55%)
FY2019 2.3× 7.54%
FY2018 2.2× (6.32%)
FY2017 2.3× 3.50%
FY2016 2.2× 19.57%

Quarterly

Period P/B ratio Change
Jun 2026 1.9× (7.84%)
Mar 2026 2.1× 8.00%
Dec 2025 1.9× (4.59%)
Sep 2025 2.0× 9.15%
42 more quarters

Against its own ten years

Low 1.4× High 2.5×
Ten-year median 1.9×
Current reading's percentile 33

P/B ratio against peers

Company P/B ratio
SR Spire Inc. compare 1.3×
OGS ONE Gas, Inc. compare 1.3×
BKH Black Hills Corporation compare 1.3×
MDU MDU Resources Group, Inc. compare 1.3×
SWX Southwest Gas Corporation compare 1.4×
UGI UGI Corporation compare 1.5×
NI NiSource, Inc compare 1.6×
ATO Atmos Energy Corporation 1.7×
NJR NewJersey Resources Corporation compare 1.9×
Utilities Regulated Gas industry median 1.5×
Utilities sector median 1.6×
Market median 1.8×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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