ONE Gas, Inc.

OGS Utilities Utilities Regulated Gas

ONE Gas, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, up 16.5% from fiscal 2024.

Revenue
+3.21%
EPS
+12.6%
Free cash flow
+12.7%
Total debt
+2.25%

Quarter to September 2026, against a year earlier

80.18 1.67 −2.04%
Market cap
$5.1B
P/E
17.3×
Fwd P/E
16.2×
Dividend yield
3.32%
F-score
6/9
Altman Z
1.02
Beneish M
−2.51
Dividend safety
44/100

ONE Gas, Inc. (OGS) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, ONE Gas, Inc. (OGS) trades at a EV/EBITDA of 9.8×. Over the past ten years it has ranged from 8.3× (May 2024) to 17.3× (March 2022); the current reading is higher than 26% of that period. That is below the Utilities Regulated Gas industry median of 12.2× and below the Utilities sector median of 12.3×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 9.3× 3.37%
FY2024 9.0× (8.69%)
FY2023 9.9× (16.02%)
FY2022 11.8× (26.99%)
FY2021 16.1× 32.02%
FY2020 12.2× (13.94%)
FY2019 14.2× 10.38%
FY2018 12.8× 20.94%
FY2017 10.6× 1.66%
FY2016 10.4× 1.55%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 9.0× (4.97%)
Jun 2026 9.5× (8.07%)
Mar 2026 10.3× 10.46%
Dec 2025 9.3× (5.96%)
43 more quarters

Against its own ten years

Low 8.3× High 17.3×
Ten-year median 11.1×
Current reading's percentile 26

EV/EBITDA against peers

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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