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, ONE Gas's Enterprise Value is €7,366 Mil.
ONE Gas's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €405 Mil. Therefore, ONE Gas's EV-to-EBIT ratio for today is 18.19.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, ONE Gas's Enterprise Value is €7,366 Mil.
ONE Gas's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €673 Mil. Therefore, ONE Gas's EV-to-EBITDA ratio for today is 10.94.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, ONE Gas's Enterprise Value is €7,366 Mil.
ONE Gas's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €1,999 Mil. Therefore, ONE Gas's EV-to-Revenue ratio for today is 3.69.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, ONE Gas's Enterprise Value is €7,366 Mil.
ONE Gas's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €-187 Mil. Therefore, ONE Gas's EV-to-FCF ratio for today is -39.31.
*** 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.
ONE Gas (FRA:OG9) 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.
ONE Gas's current Enterprise Value is €7,366 Mil.
ONE Gas'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 €405 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
ONE Gas's current Enterprise Value is €7,366 Mil.
ONE Gas'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 €673 Mil.
ONE Gas's current Enterprise Value is €7,366 Mil.
ONE Gas'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 €1,999 Mil.
ONE Gas's current Enterprise Value is €7,366 Mil.
ONE Gas'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 €412 Mil.
ONE Gas's current Enterprise Value is €7,366 Mil.
ONE Gas'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 €-187 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 Enterprise Value Related Terms
ONE Gas Enterprise Value Historical Data
* Premium members only.
The historical data trend for ONE Gas'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.
FRA:OG9 vs SR, MDU, BKH: Enterprise Value Comparison
For the Utilities - Regulated Gas subindustry, ONE Gas'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.
ONE Gas Enterprise Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ONE Gas's Enterprise Value distribution charts can be found below:
* The bar in red indicates where ONE Gas'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.
ONE Gas's Enterprise Value for the fiscal year that ended in Dec. 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.
ONE Gas (FRA:OG9) has a Enterprise Value of €7,366 Mil as of Jun. 28, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on ONE Gas and its competitors.
Is ONE Gas' Enterprise Value too high?
ONE Gas' current Enterprise Value is €7,366 Mil. Overall, ONE Gas has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does ONE Gas' Enterprise Value compare to SR and MDU?
ONE Gas' Enterprise Value of €7,366 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 ONE Gas and its competitors. ONE Gas's current Enterprise Value is €7,366 Mil. 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 (FRA:OG9) has a current Enterprise Value of €7,366 Mil. The stock's GF Value™ is €62.01, compared to a current price of €68.00 — trading 9.7% above its estimated fair value. The current Enterprise Value is €7,366 Mil. ONE Gas' overall GF Score™ is 79/100 with 4 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 ONE Gas (FRA:OG9), the current Enterprise Value is €7,366 Mil as of Jun. 28, 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 (FRA:OG9) Overvalued in 2026?
Based on GuruFocus' analysis, ONE Gas stock appears to be overvalued.
The current stock price of €68.00 is trading 9.7% above its estimated GF Value™ of €62.01.
Key valuation signals for FRA:OG9:
Enterprise Value: €7,366 Mil
GF Value™: €62.01 vs. price of €68.00 (9.7% above fair value)
No single metric tells the full story. See the FRA:OG9 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.
79GF Score
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