ONE Gas (MEX:OGS) Cyclically Adjusted Book per Share: MXN733.18 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:OGS ONE Gas Inc MEX:OGS
72 GF Score
Price MXN1,072.02
GF Value MXN986.24
! 4 Warning Signs
View Full Analysis

What is ONE Gas Cyclically Adjusted Book per Share?

ONE Gas MEX:OGS 72 Cyclically Adjusted Book per Share is MXN733.18 as of Jun. 2026. GuruFocus rates MEX:OGS with a GF Score™ of 72/100 and a GF Value™ of MXN986.24. The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

ONE Gas's adjusted book value per share for the three months ended in Jun. 2026 was MXN983.050. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN733.18 for the trailing ten years ended in Jun. 2026.

During the past 12 months, ONE Gas's average Cyclically Adjusted Book Growth Rate was 4.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of ONE Gas was 4.70% per year. The lowest was 4.70% per year. And the median was 4.70% per year.

As of today (2026-09-08), ONE Gas's current stock price is MXN1072.02. ONE Gas's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN733.18. ONE Gas's Cyclically Adjusted PB Ratio of today is 1.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ONE Gas was 2.19. The lowest was 1.25. And the median was 1.54.


ONE Gas  (MEX:OGS) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

ONE Gas's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1072.02/733.18
=1.46

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ONE Gas was 2.19. The lowest was 1.25. And the median was 1.54.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


ONE Gas Cyclically Adjusted Book per Share Related Terms


ONE Gas Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for ONE Gas's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ONE Gas Cyclically Adjusted Book per Share Chart

ONE Gas Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 791.73 757.15 705.24

ONE Gas Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 750.23 672.56 705.24 646.60 733.18

MEX:OGS vs SR, NJR, BKH: Cyclically Adjusted Book per Share Comparison

For the Utilities - Regulated Gas subindustry, ONE Gas's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ONE Gas Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, ONE Gas's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where ONE Gas's Cyclically Adjusted PB Ratio falls into.


MEX:OGS
72GF Score
ONE Gas Inc MEX:OGS
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ONE Gas Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, ONE Gas's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=983.05/333.9520*333.9520
=983.050

Current CPI (Jun. 2026) = 333.9520.

ONE Gas Quarterly Data

Book Value per Share CPI Adj_Book
201609 689.240 241.428 953.382
201612 744.614 241.432 1,029.960
201703 698.323 243.801 956.544
201706 668.610 244.955 911.529
201709 670.744 246.819 907.533
201712 735.907 246.524 996.891
201803 699.748 249.554 936.400
201806 756.670 251.989 1,002.788
201809 718.139 252.439 950.027
201812 763.009 251.233 1,014.231
201903 774.926 254.202 1,018.041
201906 768.029 256.143 1,001.334
201909 786.835 256.759 1,023.392
201912 761.015 256.974 988.981
202003 970.999 258.115 1,256.289
202006 956.060 257.797 1,238.487
202009 915.317 260.280 1,174.397
202012 835.575 260.474 1,071.285
202103 881.675 264.877 1,111.599
202106 862.212 271.696 1,059.778
202109 888.382 274.310 1,081.539
202112 898.669 278.802 1,076.435
202203 901.642 287.504 1,047.308
202206 911.788 296.311 1,027.614
202209 908.914 296.808 1,022.660
202212 910.316 296.797 1,024.275
202303 862.860 301.836 954.670
202306 820.857 305.109 898.455
202309 831.441 307.789 902.116
202312 830.274 306.746 903.913
202403 830.263 312.332 887.735
202406 914.169 314.175 971.715
202409 977.520 315.301 1,035.343
202412 1,081.342 315.605 1,144.203
202503 1,087.288 319.799 1,135.407
202506 999.341 322.561 1,034.632
202509 972.985 324.800 1,000.401
202512 988.034 324.054 1,018.213
202603 1,013.006 330.213 1,024.476
202606 983.050 333.952 983.050

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of MXN733.18 mean?
ONE Gas (MEX:OGS) has a Cyclically Adjusted Book per Share of MXN733.18 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on ONE Gas and its competitors.
Is ONE Gas' Cyclically Adjusted Book per Share too high?
ONE Gas' current Cyclically Adjusted Book per Share is MXN733.18. Overall, ONE Gas has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does ONE Gas' Cyclically Adjusted Book per Share compare to SR and NJR?
ONE Gas' Cyclically Adjusted Book per Share of MXN733.18 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for an Utilities - Regulated company?
A good Cyclically Adjusted Book per Share depends on the Utilities - Regulated industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on ONE Gas and its competitors. ONE Gas's current Cyclically Adjusted Book per Share is MXN733.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ONE Gas stock overvalued right now?
ONE Gas (MEX:OGS) has a current Cyclically Adjusted Book per Share of MXN733.18. The stock's GF Value™ is MXN986.24, compared to a current price of MXN1,072.02 — trading 8.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is MXN733.18. ONE Gas' overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For ONE Gas (MEX:OGS), the current Cyclically Adjusted Book per Share is MXN733.18 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ONE Gas (MEX:OGS) Overvalued in 2026?

Based on GuruFocus' analysis, ONE Gas stock appears to be overvalued. The current stock price of MXN1,072.02 is trading 8.7% above its estimated GF Value™ of MXN986.24.

Key valuation signals for MEX:OGS:

  • Cyclically Adjusted Book per Share: MXN733.18
  • GF Value™: MXN986.24 vs. price of MXN1,072.02 (8.7% above fair value)
  • GF Score™: 72/100 with 4 warning signs

No single metric tells the full story. See the MEX:OGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ONE Gas Business Description

Other Exchanges OGS:USA
Address 15 East Fifth Street, Tulsa, OK, USA, 74103
ONE Gas Inc is a regulated natural gas utility company. It is involved in the distribution and sale of natural gas to residential, commercial, industrial, and transportation consumers through its network of pipelines and service lines. Almost all of the company's revenue is derived from natural gas sales in the states of Oklahoma, Kansas, and Texas. It operates in one reportable business segment: regulated public utilities that deliver natural gas to residential, commercial, and transportation customers.
72GF Score

Get the complete analysis for MEX:OGS

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,072.02
Price
MXN986.24
GF Value