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
−2.86%
EPS
+39.6%
Free cash flow
+511.5%
Total debt
+9.23%

Quarter to June 2026, against a year earlier

79.68 1.14 +1.45%
Market cap
$4.9B
P/E
17.1×
Fwd P/E
16.2×
Dividend yield
3.40%
F-score
6/9
Altman Z
1.02
Beneish M
−2.51
Dividend safety
44/100

ONE Gas, Inc. (OGS) P/E ratio

Alert me on P/E ratio

As of 2 November 2026, ONE Gas, Inc. (OGS) trades at a P/E ratio of 17.1×. Over the past ten years it has ranged from 14.0× (November 2023) to 28.4× (September 2019); the current reading is higher than 10% of that period. That is in line with the Utilities Regulated Gas industry median of 17.1× and below the Utilities sector median of 20.1×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 17.6× (0.39%)
FY2024 17.7× 13.60%
FY2023 15.6× (16.64%)
FY2022 18.7× (7.19%)
FY2021 20.1× (3.12%)
FY2020 20.7× (21.72%)
FY2019 26.5× 9.23%
FY2018 24.3× 4.10%
FY2017 23.3× (2.30%)
FY2016 23.9× 7.96%

Quarterly newest first

Period P/E ratio Change
Jun 2026 16.5× (14.55%)
Mar 2026 19.4× 9.99%
Dec 2025 17.6× (6.30%)
Sep 2025 18.8× 10.02%
42 more quarters

Against its own ten years

Low 14.0× High 28.4×
Ten-year median 20.5×
Current reading's percentile 11

P/E ratio against peers

Company P/E ratio
SR Spire Inc. compare 9.9×
SWX Southwest Gas Corporation compare 12.2×
UGI UGI Corporation compare 12.4×
NJR NewJersey Resources Corporation compare 14.8×
OGS ONE Gas, Inc. 17.1×
BKH Black Hills Corporation compare 20.1×
MDU MDU Resources Group, Inc. compare 20.9×
CPK Chesapeake Utilities Corporation compare 22.1×
CTRI Centuri Holdings, Inc. compare 69.2×
Utilities Regulated Gas industry median 17.1×
Utilities sector median 20.1×
Market median 18.6×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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