Atmos Energy (BSP:A1TM34) Cyclically Adjusted Revenue per Share: R$75.81 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

BSP:A1TM34 Atmos Energy Corp BSP:A1TM34
77 GF Score
Price R$423.05
GF Value R$429.83
! 4 Warning Signs
View Full Analysis

What is Atmos Energy Cyclically Adjusted Revenue per Share?

Atmos Energy BSP:A1TM34 77 Cyclically Adjusted Revenue per Share is R$75.81 as of Jun. 2026. GuruFocus rates BSP:A1TM34 with a GF Score™ of 77/100 and a GF Value™ of R$429.83. 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Atmos Energy's adjusted revenue per share for the three months ended in Jun. 2026 was R$13.113. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R$75.81 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Atmos Energy's average Cyclically Adjusted Revenue Growth Rate was 6.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -4.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -2.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -5.70% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Atmos Energy was 6.60% per year. The lowest was -9.80% per year. And the median was -1.30% per year.

As of today (2026-09-17), Atmos Energy's current stock price is R$423.05. Atmos Energy's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was R$75.81. Atmos Energy's Cyclically Adjusted PS Ratio of today is 5.58.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Atmos Energy was 5.90. The lowest was 1.32. And the median was 2.85.


Atmos Energy  (BSP:A1TM34) Cyclically Adjusted Revenue per Share Explanation

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

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Atmos Energy's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=423.05/75.805
=5.58

* 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 PS Ratio of Atmos Energy was 5.90. The lowest was 1.32. And the median was 2.85.


Be Aware

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


Atmos Energy Cyclically Adjusted Revenue per Share Related Terms


Atmos Energy Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Atmos Energy's Cyclically Adjusted Revenue 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.

Atmos Energy Cyclically Adjusted Revenue per Share Chart

Atmos Energy Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.01 64.02 68.00 69.05 71.12

Atmos Energy Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Revenue 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 72.14 72.30 72.60 74.72 75.81

BSP:A1TM34 vs NI, UGI, SWX: Cyclically Adjusted Revenue per Share Comparison

For the Utilities - Regulated Gas subindustry, Atmos Energy's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Atmos Energy Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Atmos Energy's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Atmos Energy's Cyclically Adjusted PS Ratio falls into.


BSP:A1TM34
77GF Score
Atmos Energy Corp BSP:A1TM34
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Atmos Energy Cyclically Adjusted Revenue 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

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

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue 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 Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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, Atmos Energy's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=13.113/333.9520*333.9520
=13.113

Current CPI (Jun. 2026) = 333.9520.

Atmos Energy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.721 241.428 9.297
201612 12.219 241.432 16.901
201703 14.660 243.801 20.081
201706 7.954 244.955 10.844
201709 6.893 246.819 9.326
201712 13.299 246.524 18.015
201803 17.719 249.554 23.711
201806 9.057 251.989 12.003
201809 7.842 252.439 10.374
201812 14.680 251.233 19.513
201903 17.511 254.202 23.005
201906 8.040 256.143 10.482
201909 7.348 256.759 9.557
201912 14.849 256.974 19.297
202003 17.743 258.115 22.956
202006 10.769 257.797 13.950
202009 10.292 260.280 13.205
202012 19.433 260.474 24.915
202103 27.979 264.877 35.275
202106 12.209 271.696 15.007
202109 11.283 274.310 13.736
202112 21.161 278.802 25.347
202203 31.412 287.504 36.487
202206 14.329 296.311 16.149
202209 13.421 296.808 15.101
202212 27.489 296.797 30.930
202303 27.783 301.836 30.739
202306 11.241 305.109 12.304
202309 9.647 307.789 10.467
202312 19.167 306.746 20.867
202403 26.954 312.332 28.820
202406 11.913 314.175 12.663
202409 11.325 315.301 11.995
202412 21.750 315.605 23.014
202503 35.550 319.799 37.123
202506 14.748 322.561 15.269
202509 12.153 324.800 12.495
202512 21.966 324.054 22.637
202603 30.734 330.213 31.082
202606 13.113 333.952 13.113

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of R$75.81 mean?
Atmos Energy (BSP:A1TM34) has a Cyclically Adjusted Revenue per Share of R$75.81 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Atmos Energy and its competitors.
Is Atmos Energy's Cyclically Adjusted Revenue per Share too high?
Atmos Energy's current Cyclically Adjusted Revenue per Share is R$75.81. Overall, Atmos Energy has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Atmos Energy's Cyclically Adjusted Revenue per Share compare to NI and UGI?
Atmos Energy's Cyclically Adjusted Revenue per Share of R$75.81 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 Revenue per Share for an Utilities - Regulated company?
A good Cyclically Adjusted Revenue per Share depends on the Utilities - Regulated industry context. However, Cyclically Adjusted Revenue 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 Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Atmos Energy and its competitors. Atmos Energy's current Cyclically Adjusted Revenue per Share is R$75.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atmos Energy stock overvalued right now?
Atmos Energy (BSP:A1TM34) has a current Cyclically Adjusted Revenue per Share of R$75.81. The stock's GF Value™ is R$429.83, compared to a current price of R$423.05 — trading 1.6% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is R$75.81. Atmos Energy's overall GF Score™ is 77/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Atmos Energy (BSP:A1TM34), the current Cyclically Adjusted Revenue per Share is R$75.81 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 Atmos Energy (BSP:A1TM34) Overvalued in 2026?

Based on GuruFocus' analysis, Atmos Energy stock appears to be undervalued. The current stock price of R$423.05 is trading 1.6% below its estimated GF Value™ of R$429.83.

Key valuation signals for BSP:A1TM34:

  • Cyclically Adjusted Revenue per Share: R$75.81
  • GF Value™: R$429.83 vs. price of R$423.05 (1.6% below fair value)
  • GF Score™: 77/100 with 4 warning signs

No single metric tells the full story. See the BSP:A1TM34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Atmos Energy Business Description

Address 5430 LBJ Freeway, Suite 1800, Three Lincoln Centre, Dallas, TX, USA, 75240
Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3.3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.
77GF Score

Get the complete analysis for BSP:A1TM34

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

R$423.05
Price
R$429.83
GF Value