OGS

ONE Gas, Inc.

Utilities · $4.5B market cap

Verdict

Share price

$72.57

close of Oct 3, 2026

Fair value

$94.38

Sticker Price

Payback Price

$37.75

buy price

Undervalued

OGS is Undervalued: at $72.57 it trades 23% below its fair value of $94.38. Its buy price (Payback Price) is $37.75, 48% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Dividend Discount Model. A regulated utility with a steady dividend record, so we value it on the dividends it pays.

Business quality

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

Earnings per share growth6.4% a year✗
Equity per share growth4.9% a year✗
Sales growth2.7% a year✗
Free cash flow growth21.5% a year✓
Return on invested capital4.4%✗

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Superinvestors

1 of the investors we track holds OGS. In Q2 2026, 1 added. Who we track

Moves in Q2 2026

Added: First Eagle Investment Management

Insider activity

Since Aug 11, 2026: no open-market purchases and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Other filings

About ONE Gas, Inc.

ONE Gas, Inc., along with its affiliated companies, functions as a regulated natural gas utility across the United States. Its operations are structured into three distinct divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. These divisions collectively deliver natural gas distribution services to approximately 2.2 million customers spanning three states. Its diverse clientele includes…

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