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ONE GasMEX:OGS 76 Debt-to-Equity is 0.96 as of Mar. 2026, which is 1% below its 10-year median of 0.97. GuruFocus rates MEX:OGS with a GF Score™ of 76/100 and a GF Value™ of MXN971.05. The stock has 4 warning signs investors should review. Among 473 Utilities - Regulated companies, ONE Gas ranks better than 51.16% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for ONE Gas's Debt-to-Equity or its related term are showing as below:
MEX:OGS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64 Med: 0.97 Max: 1.97
Current: 0.96
During the past 13 years, the highest Debt-to-Equity Ratio of ONE Gas was 1.97. The lowest was 0.64. And the median was 0.97.
MEX:OGS's Debt-to-Equity is ranked better than 51.16% of 473
companies
in the Utilities - Regulated industry
Industry Median: 0.98
vs MEX:OGS: 0.96
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
ONE Gas Debt-to-Equity Related Terms
ONE Gas Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for ONE Gas's Debt-to-Equity 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.
MEX:OGS vs SR, MDU, BKH: Debt-to-Equity Comparison
For the Utilities - Regulated Gas subindustry, ONE Gas's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ONE Gas's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where ONE Gas's Debt-to-Equity falls into.
* 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 (MEX:OGS) has a Debt-to-Equity of 0.96 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ONE Gas and its competitors. This is near median its historical median of 0.97. Over the past decade, ONE Gas' Debt-to-Equity has ranged from 0.64 to 1.97. According to the industry distribution chart, ONE Gas ranks #231 out of 473 companies in the Utilities - Regulated industry, placing it in the top 48.8%.
Is ONE Gas' Debt-to-Equity too high?
ONE Gas' current Debt-to-Equity of 0.96 is near median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 1.97. The Utilities - Regulated industry median Debt-to-Equity is 0.98. ONE Gas' value of 0.96 is 2% below this industry median. Based on the distribution chart, ONE Gas ranks #231 out of 473 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, ONE Gas has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does ONE Gas' Debt-to-Equity compare to SR and MDU?
According to the Utilities - Regulated industry distribution chart, ONE Gas ranks #231 out of 473 companies for Debt-to-Equity. This puts ONE Gas in the upper half of its industry. The industry median Debt-to-Equity is 0.98. ONE Gas' value of 0.96 is 2% below this benchmark. Historically, ONE Gas' own Debt-to-Equity has ranged from 0.64 to 1.97 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 0.98, ONE Gas has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 0.98, based on 473 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ONE Gas's current Debt-to-Equity of 0.96 is 2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ONE Gas and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ONE Gas's current Debt-to-Equity is 0.96, which is near median its own 10-year median of 0.97. 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 Debt-to-Equity of 0.96. The stock's GF Value™ is MXN971.05, compared to a current price of MXN1,072.02 — trading 10.4% above its estimated fair value. The current Debt-to-Equity is 0.96, which is near median its 10-year median of 0.97 and 2% below the Utilities - Regulated industry median of 0.98. ONE Gas' overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For ONE Gas (MEX:OGS), the current Debt-to-Equity is 0.96 as of Mar. 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 10.4% above its estimated GF Value™ of MXN971.05.
Key valuation signals for MEX:OGS:
Debt-to-Equity: 0.96 (near median its 10-year median of 0.97)
GF Value™: MXN971.05 vs. price of MXN1,072.02 (10.4% above fair value)
Industry Position: 2% below the Utilities - Regulated median (#231 of 473)
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 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.
76GF Score
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