ATO

Atmos Energy Corporation

Utilities · $26.2B market cap

Verdict

Share price

$157.17

close of Oct 3, 2026

Fair value

$81.98

Sticker Price

Payback Price

$32.79

buy price

Overpriced

ATO is Overpriced: at $157.17 it trades 92% above its fair value of $81.98. Its buy price (Payback Price) is $32.79, 79% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Justified P/B (Financials). It has earned a steady return on its equity for years, and its tangible assets are worth 51% of its share price. For a business like that, book value and the return on it are a sturdier guide than an earnings forecast.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth12.1% a year✓
Equity per share growth8.2% a year✗
Sales growth-2.5% a year✗
Free cash flow growth7.7% a year✗
Return on invested capital4.6%✗

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Insider activity

Since Jul 1, 2026: 1 open-market purchase worth $50K and 3 other filings (stock awards, tax withholding and similar). Why purchases matter

Purchases

Other filings

About Atmos Energy Corporation

Atmos Energy Corporation, alongside its subsidiaries, is a U.S.-based enterprise primarily involved in the regulated distribution of natural gas, as well as operating pipeline and storage facilities. The company functions through two core divisions: Distribution, and Pipeline and Storage. The Distribution division manages the regulated delivery and associated sales of natural gas across eight states. This division…

Regulated Gas

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works