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.
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.
ONE GasOGS +0.75%76 EV-to-OCF is 16.29 as of Aug. 08, 2026, which is 4% above its 10-year median of 15.60. GuruFocus rates OGS with a GF Score™ of 76/100 and a GF Value™ of $72.73 (Fairly Valued). The stock has 4 warning signs investors should review. Among 507 Utilities - Regulated companies, ONE Gas ranks worse than 72.19% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, ONE Gas's Enterprise Value is $8,427 Mil.
ONE Gas's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $517 Mil. Therefore, ONE Gas's EV-to-OCF for today is 16.29.
The historical rank and industry rank for ONE Gas's EV-to-OCF or its related term are showing as below:
OGS'
s EV-to-OCF Range Over the Past 10 Years
Min: -5.78 Med: 15.6 Max: 39.53
Current: 16.29
During the past 13 years, the highest EV-to-OCF of ONE Gas was 39.53. The lowest was -5.78. And the median was 15.60.
OGS's EV-to-OCF is ranked worse than 72.19% of 507
companies
in the Utilities - Regulated industry
Industry Median: 10.82
vs OGS: 16.29
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.
ONE Gas's share price for today is $80.22.
ONE Gas'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 $4.640.
* 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.
ONE Gas EV-to-OCF Related Terms
ONE Gas EV-to-OCF Historical Data
* Premium members only.
The historical data trend for ONE Gas'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, ONE Gas'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.
ONE Gas EV-to-OCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ONE Gas's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where ONE Gas's EV-to-OCF falls into.
ONE Gas's current Enterprise Value is $8,427 Mil.
ONE Gas'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 $517 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.
ONE Gas (OGS) has a EV-to-OCF of 16.29 as of Aug. 08, 2026. This is near median its historical median of 15.60. According to the industry distribution chart, ONE Gas ranks #366 out of 507 companies in the Utilities - Regulated industry, placing it in the top 72.2%.
Is ONE Gas' EV-to-OCF too high?
ONE Gas' current EV-to-OCF of 16.29 is near median its 10-year median of 15.60. The Utilities - Regulated industry median EV-to-OCF is 10.82. ONE Gas' value of 16.29 is 50.6% above this industry median. Based on the distribution chart, ONE Gas ranks #366 out of 507 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, ONE Gas has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ONE Gas' EV-to-OCF compare to SR and MDU?
According to the Utilities - Regulated industry distribution chart, ONE Gas ranks #366 out of 507 companies for EV-to-OCF. This places ONE Gas in the lower half of its industry. The industry median EV-to-OCF is 10.82. ONE Gas' value of 16.29 is 50.6% above this benchmark. While the company's 10-year median is 15.60 vs. the industry median of 10.82, ONE Gas 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 10.82, based on 507 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. ONE Gas's current EV-to-OCF of 16.29 is 50.6% 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 10.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ONE Gas's current EV-to-OCF is 16.29, which is near median its own 10-year median of 15.60. 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?
Based on GuruFocus' analysis, ONE Gas (OGS) is currently considered Fairly Valued. The stock's GF Value™ is $72.73, compared to a current price of $80.22 — trading 10.3% above its estimated fair value. The current EV-to-OCF is 16.29, which is near median its 10-year median of 15.60 and 50.6% above the Utilities - Regulated industry median of 10.82. 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 EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For ONE Gas (OGS), the current EV-to-OCF is 16.29 as of Aug. 08, 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 (OGS) Overvalued in 2026?
Based on GuruFocus' analysis, ONE Gas stock appears to be overvalued.
The current stock price of $80.22 is trading 10.3% above its estimated GF Value™ of $72.73.
GuruFocus considers ONE Gas to be Fairly Valued.
Key valuation signals for OGS:
EV-to-OCF: 16.29 (near median its 10-year median of 15.60)
GF Value™: $72.73 vs. price of $80.22 (10.3% above fair value)
Industry Position: 50.6% above the Utilities - Regulated median (#366 of 507)
No single metric tells the full story. See the 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
Get the complete analysis for OGS
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OGS has been successfully added to your 
