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Atmos EnergyATO +0.07%84 EV-to-OCF is 19.05 as of Aug. 13, 2026, which is 22% above its 10-year median of 15.66. GuruFocus rates ATO with a GF Score™ of 84/100 and a GF Value™ of $161.28 (Fairly Valued). The stock has 4 warning signs investors should review. Among 505 Utilities - Regulated companies, Atmos Energy ranks worse than 80.79% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Atmos Energy's Enterprise Value is $38,482 Mil.
Atmos Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $2,020 Mil. Therefore, Atmos Energy's EV-to-OCF for today is 19.05.
The historical rank and industry rank for Atmos Energy's EV-to-OCF or its related term are showing as below:
ATO'
s EV-to-OCF Range Over the Past 10 Years
Min: -19.96 Med: 15.66 Max: 25.72
Current: 19.05
During the past 13 years, the highest EV-to-OCF of Atmos Energy was 25.72. The lowest was -19.96. And the median was 15.66.
ATO's EV-to-OCF is ranked worse than 80.79% of 505
companies
in the Utilities - Regulated industry
Industry Median: 10.58
vs ATO: 19.05
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Atmos Energy's PE Ratio (TTM) for today is calculated as:
Atmos Energy's share price for today is $169.7125.
Atmos Energy's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.400.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Atmos Energy EV-to-OCF Related Terms
Atmos Energy EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Atmos Energy's EV-to-OCF 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.
For the Utilities - Regulated Gas subindustry, Atmos Energy's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Atmos Energy's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Atmos Energy's EV-to-OCF falls into.
Atmos Energy's current Enterprise Value is $38,482 Mil.
Atmos Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,020 Mil.
* 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 (ATO) has a EV-to-OCF of 19.05 as of Aug. 13, 2026. This is 22% above median its historical median of 15.66. According to the industry distribution chart, Atmos Energy ranks #408 out of 505 companies in the Utilities - Regulated industry, placing it in the top 80.8%.
Is Atmos Energy's EV-to-OCF too high?
Atmos Energy's current EV-to-OCF of 19.05 is 22% above median its 10-year median of 15.66. The Utilities - Regulated industry median EV-to-OCF is 10.58. Atmos Energy's value of 19.05 is 80.1% above this industry median. Based on the distribution chart, Atmos Energy ranks #408 out of 505 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Atmos Energy has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Atmos Energy's EV-to-OCF compare to NI and UGI?
According to the Utilities - Regulated industry distribution chart, Atmos Energy ranks #408 out of 505 companies for EV-to-OCF. This places Atmos Energy in the lower half of its industry. The industry median EV-to-OCF is 10.58. Atmos Energy's value of 19.05 is 80.1% above this benchmark. While the company's 10-year median is 15.66 vs. the industry median of 10.58, Atmos Energy has consistently been above 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 EV-to-OCF for an Utilities - Regulated company?
The median EV-to-OCF among Utilities - Regulated companies is 10.58, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Atmos Energy's current EV-to-OCF of 19.05 is 80.1% above 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median EV-to-OCF is 10.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atmos Energy's current EV-to-OCF is 19.05, which is 22% above median its own 10-year median of 15.66. 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?
Based on GuruFocus' analysis, Atmos Energy (ATO) is currently considered Fairly Valued. The stock's GF Value™ is $161.28, compared to a current price of $169.71 — trading 5.2% above its estimated fair value. The current EV-to-OCF is 19.05, which is 22% above median its 10-year median of 15.66 and 80.1% above the Utilities - Regulated industry median of 10.58. Atmos Energy's overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Atmos Energy (ATO), the current EV-to-OCF is 19.05 as of Aug. 13, 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 (ATO) Overvalued in 2026?
Based on GuruFocus' analysis, Atmos Energy stock appears to be overvalued.
The current stock price of $169.71 is trading 5.2% above its estimated GF Value™ of $161.28.
GuruFocus considers Atmos Energy to be Fairly Valued.
Key valuation signals for ATO:
EV-to-OCF: 19.05 (22% above median its 10-year median of 15.66)
GF Value™: $161.28 vs. price of $169.71 (5.2% above fair value)
Industry Position: 80.1% above the Utilities - Regulated median (#408 of 505)
No single metric tells the full story. See the ATO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
84GF Score
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