OGS Share Price | ONE Gas, Inc. Stock Analysis & Recommendation

Q: Is ONE Gas, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for ONE Gas, Inc. moved from fair to expensive, indicating a shift in perception regarding its market value. The company appears overvalued based on its current metrics, including a P/E ratio of 18, an EV to EBITDA ratio of 10.31, and a Price to Book Value of 1.38. Compared to peers, ONE Gas, Inc. has a higher P/E ratio than New Jersey Resources Corp., which stands at 11.53 and is considered attractive, while Spire Inc. has a fair valuation with a P/E of 15.53.In terms of recent performance, ONE Gas, Inc. has outperformed the S&P 500 over the past year with a return of 10.20% compared to the index's 14.08%. However, over longer periods, such as the 3-year and 5-year returns, the company has significantly lagged behind the S&P 500, which returned 81.19% and 91.29%, respectively. This suggests that while the stock has shown some short-term strength, its long-term valuation may not be justified given its current ratios.

Q: Is ONE Gas, Inc. technically bullish or bearish?

As of 27 August 2025, the technical trend for ONE Gas, Inc. has changed from mildly bullish to bullish. The weekly MACD and KST indicators are both bullish, supporting a positive outlook. However, the weekly RSI is bearish, indicating some short-term weakness. Moving averages on the daily timeframe are bullish, reinforcing the overall positive trend. The Bollinger Bands are mildly bullish on both weekly and monthly timeframes. Despite the bullish indicators, the stock has underperformed compared to the S&P 500 over the past year and three years, with returns of 3.04% and -4.91% respectively, compared to 17.14% and 70.41% for the benchmark. Overall, the current stance is bullish, but with some caution due to mixed signals in the RSI and Dow Theory.

Q: How big is ONE Gas, Inc.?

Market Cap: As of Jun 18, ONE Gas, Inc. has a market capitalization of 4,302.42 million, classifying it as a Small Cap company.Recent Quarterly Performance: For the latest four quarters, ONE Gas, Inc. reported net sales of 2,260.43 million and a net profit of 242.95 million.Balance Sheet Snapshot: As of Dec 24, the company's shareholder's funds amounted to 3,104.55 million, while total assets were reported at 8,935.27 million.

Q: What does ONE Gas, Inc. do?

Overview: ONE Gas, Inc. is a regulated natural gas distribution utility in the United States, operating within the gas industry and classified as a small-cap company.Financial Snapshot: Most recent Net Sales: 935 Million (Quarterly Results - Mar 2025) Most recent Net Profit: 119 Million (Quarterly Results - Mar 2025) Market-cap: USD 4,302.42 Million (Small Cap)Key Metrics: P/E: 18.00 Dividend Yield: 342.82% Debt Equity: 1.00 Return on Equity: 7.63% Price to Book: 1.35 Contact Details: Address: 15 E 5th St, TULSA OK: 74103-4346 Tel: 1 918 9477000 Website: http://www.onegas.com

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

158.31 k

Shareholding (Jun 2026)

FII

10.25%

Held by 147 FIIs

DII

89.74%

Held by 54 DIIs

Promoter

0.01%

Is ONE Gas, Inc. overvalued or undervalued?

21-Oct-2025

As of October 17, 2025, ONE Gas, Inc. is considered overvalued with a shift from fair to expensive valuation grade, reflected in its higher P/E ratio of 18 compared to peers, despite recent short-term performance outpacing the S&P 500.

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Is ONE Gas, Inc. technically bullish or bearish?

20-Sep-2025

As of August 27, 2025, ONE Gas, Inc. shows a bullish trend supported by positive MACD and KST indicators, though caution is advised due to a bearish RSI and underperformance against the S&P 500 over the past year and three years.

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How big is ONE Gas, Inc.?

22-Jun-2025

As of Jun 18, ONE Gas, Inc. has a market capitalization of $4.30 billion, with net sales of $2.26 billion and a net profit of $242.95 million over the last four quarters. Shareholder's funds total $3.10 billion, and total assets are reported at $8.94 billion.

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What does ONE Gas, Inc. do?

22-Jun-2025

ONE Gas, Inc. is a regulated natural gas distribution utility in the U.S. with a market cap of approximately $4.3 billion, reporting net sales of $935 million and a net profit of $119 million as of March 2025.

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Who are in the management team of ONE Gas, Inc.?

22-Jun-2025

As of March 2022, the management team of ONE Gas, Inc. includes Mr. John Gibson (Non-Executive Chairman), Mr. Pierce Norton (President and CEO), Mr. Eduardo Rodriguez (Lead Independent Director), and several Independent Directors: Mr. Robert Evans, Ms. Tracy Hart, and Mr. Michael Hutchinson. They oversee the company's operations and strategic direction.

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Compare ONE Gas, Inc. with Similar Stocks

MDU Resources Group, Inc.New Jersey Resources Corp.Southwest Gas Holdings, Inc.

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Poor long term growth as Operating profit has grown by an annual rate 7.87% of over the last 5 years

Flat results in Jun 25

With ROCE of 6.81%, it has a expensive valuation with a 1.19 Enterprise value to Capital Employed

Mojo Parameters

Stock DNA

Industry

Gas

Market cap

USD 5,326 Million (Small Cap)

P/E

20.00

Industry P/E

Dividend Yield

280.07%

Debt Equity

0.97

Return on Equity

7.67%

Price to Book

1.55

Revenue and Profits:

Net Sales:

412 Million

(Quarterly Results - Jun 2026)

Net Profit:

47 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

0.25%

6 Months

-12.26%

1 Year

1.29%

2 Years

3.7%

3 Years

0.78%

4 Years

-4.03%

5 Years

18.66%

ONE Gas, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

9.67%

EBIT Growth (5y)

8.55%

EBIT to Interest (avg)

4.02

Debt to EBITDA (avg)

5.88

Net Debt to Equity (avg)

1.00

Sales to Capital Employed (avg)

0.36

Tax Ratio

15.21%

Dividend Payout Ratio

61.38%

Pledged Shares

Institutional Holding

96.46%

ROCE (avg)

5.86%

ROE (avg)

8.29%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.55

EV to EBIT

18.95

EV to EBITDA

11.19

EV to Capital Employed

1.28

EV to Sales

3.57

PEG Ratio

1.70

Dividend Yield

280.07%

ROCE (Latest)

6.74%

ROE (Latest)

7.67%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bullish

RSI

No Signal

Bollinger Bands

Mildly Bullish

Bullish

Moving Averages

Bullish (Daily)

KST

Bullish

Dow Theory

Mildly Bullish

OBV

Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Jun 2026

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 89 Schemes (46.87%)

Foreign Institutions

Held by 147 Foreign Institutions (10.25%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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          "val1": "142.80",
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Quarterly Results Snapshot (Consolidated) - Jun'26 - YoY

Jun'26

Jun'25

Change(%)

Net Sales

411.60

423.70

-2.86%

Operating Profit (PBDIT) excl Other Income

158.90

151.20

5.09%

Interest

31.10

35.30

-11.90%

Exceptional Items

0.40

0.00

Consolidate Net Profit

46.80

32.00

46.25%

Operating Profit Margin (Excl OI)

200.80%

169.60%

3.12%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in quarter ended Jun 2026 is -2.86% vs 19.66% in Jun 2025

Consolidated Net Profit

YoY Growth in quarter ended Jun 2026 is 46.25% vs 17.65% in Jun 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

2,427.40

2,083.60

16.50%

Operating Profit (PBDIT) excl Other Income

774.70

695.70

11.36%

Interest

142.80

147.20

-2.99%

Exceptional Items

0.40

0.00

Consolidate Net Profit

264.20

222.90

18.53%

Operating Profit Margin (Excl OI)

188.50%

191.50%

-0.30%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2025 is 16.50% vs -12.16% in Dec 2024

Consolidated Net Profit

YoY Growth in year ended Dec 2025 is 18.53% vs -3.59% in Dec 2024

All Annual Results

Company CV

About ONE Gas, Inc.

ONE Gas, Inc.

Gas

ONE Gas, Inc. is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers. The Company's natural gas distribution markets in terms of customers are Oklahoma City and Tulsa, Oklahoma; Kansas City, Wichita and Topeka, Kansas, and Austin and El Paso, Texas. As of December 31, 2016, its three divisions, Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service, distribute natural gas to approximately 88%, 72% and 13% of the natural gas distribution customers in Oklahoma, Kansas and Texas, respectively. As of December 31, 2016, the Company had 50.4 billion cubic feet (Bcf) of natural gas storage capacity under lease with remaining terms ranging from 1 to 10 years and maximum allowable daily withdrawal capacity of approximately 1.3 Bcf.

Company Coordinates

Company Details

15 E 5th St , TULSA OK : 74103-4346

Tel: 1 918 9477000

http://www.onegas.com

Registrar Details