Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Atmos Energy's Enterprise Value is $38,743 Mil.
Atmos Energy's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $1,832 Mil. Therefore, Atmos Energy's EV-to-EBIT ratio for today is 21.15.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Atmos Energy's Enterprise Value is $38,743 Mil.
Atmos Energy's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $2,594 Mil. Therefore, Atmos Energy's EV-to-EBITDA ratio for today is 14.94.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Atmos Energy's Enterprise Value is $38,743 Mil.
Atmos Energy's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $4,881 Mil. Therefore, Atmos Energy's EV-to-Revenue ratio for today is 7.94.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Atmos Energy's Enterprise Value is $38,743 Mil.
Atmos Energy's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $-1,991 Mil. Therefore, Atmos Energy's EV-to-FCF ratio for today is -19.45.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Atmos Energy (NYSE:ATO) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Atmos Energy's current Enterprise Value is $38,743 Mil.
Atmos Energy's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,832 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Atmos Energy's current Enterprise Value is $38,743 Mil.
Atmos Energy's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,594 Mil.
Atmos Energy's current Enterprise Value is $38,743 Mil.
Atmos Energy's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,881 Mil.
Atmos Energy's current Enterprise Value is $38,743 Mil.
Atmos Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,876 Mil.
Atmos Energy's current Enterprise Value is $38,743 Mil.
Atmos Energy's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,991 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 Enterprise Value Related Terms
Atmos Energy Enterprise Value Historical Data
* Premium members only.
The historical data trend for Atmos Energy's Enterprise Value 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 Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Atmos Energy's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Atmos Energy's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Atmos Energy's Enterprise Value for the fiscal year that ended in Sep. 2025 is calculated as
* 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 Enterprise Value of $38,743 Mil as of Jun. 26, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Atmos Energy and its competitors.
Is Atmos Energy's Enterprise Value too high?
Atmos Energy's current Enterprise Value is $38,743 Mil. Overall, Atmos Energy has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atmos Energy's Enterprise Value compare to NI and UGI?
Atmos Energy's Enterprise Value of $38,743 Mil 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 Enterprise Value for an Utilities - Regulated company?
A good Enterprise Value depends on the Utilities - Regulated industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Atmos Energy and its competitors. Atmos Energy's current Enterprise Value is $38,743 Mil. 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 Modestly Overvalued. The stock's GF Value™ is $155.92, compared to a current price of $175.17 — trading 12.3% above its estimated fair value. The current Enterprise Value is $38,743 Mil. Atmos Energy's overall GF Score™ is 85/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Atmos Energy (ATO), the current Enterprise Value is $38,743 Mil as of Jun. 26, 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 $175.17 is trading 12.3% above its estimated GF Value™ of $155.92.
GuruFocus considers Atmos Energy to be Modestly Overvalued.
Key valuation signals for ATO:
Enterprise Value: $38,743 Mil
GF Value™: $155.92 vs. price of $175.17 (12.3% above fair value)
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.
85GF Score
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