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Atmos EnergyATO +1.75%84 Forward PE Ratio is 19.77 as of Jul. 16, 2026. GuruFocus rates ATO with a GF Score™ of 84/100 and a GF Value™ of $156.27 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 275 Utilities - Regulated companies, Atmos Energy ranks worse than 73.82% on this metric.
Atmos Energy's Forward PE Ratio for today is 19.77.
Atmos Energy (NYSE:ATO) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Atmos Energy Forward PE Ratio Related Terms
Atmos Energy Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Atmos Energy's Forward PE Ratio 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.
Atmos Energy Forward PE Ratio Chart
Atmos Energy Annual Data
Trend
2016-09
2017-09
2018-09
2019-09
2020-09
2021-09
2022-09
2023-09
2024-09
2025-09
Forward PE Ratio
21.41
21.55
22.27
24.69
19.08
16.31
17.09
16.39
19.42
21.34
Atmos Energy Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
19.12
20.96
22.17
21.41
20.96
22.42
21.55
21.55
22.17
21.28
21.65
22.27
21.32
23.87
22.83
24.69
23.64
20.83
19.57
19.08
18.90
19.34
18.21
16.31
19.27
21.65
18.38
17.09
19.23
18.66
18.05
16.39
17.89
18.02
16.42
19.42
19.44
21.23
19.58
21.34
20.45
22.21
ATO vs NI, UGI, SWX: Forward PE Ratio Comparison
For the Utilities - Regulated Gas subindustry, Atmos Energy's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Atmos Energy's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Atmos Energy's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Atmos Energy (ATO) has a Forward PE Ratio of 19.77 as of Jul. 16, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Atmos Energy and its competitors. According to the industry distribution chart, Atmos Energy ranks #203 out of 275 companies in the Utilities - Regulated industry, placing it in the top 73.8%.
Is Atmos Energy's Forward PE Ratio too high?
Atmos Energy's current Forward PE Ratio is 19.77. The Utilities - Regulated industry median Forward PE Ratio is 14.54. Atmos Energy's value of 19.77 is 36% above this industry median. Based on the distribution chart, Atmos Energy ranks #203 out of 275 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Atmos Energy has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atmos Energy's Forward PE Ratio compare to NI and UGI?
According to the Utilities - Regulated industry distribution chart, Atmos Energy ranks #203 out of 275 companies for Forward PE Ratio. This places Atmos Energy in the lower half of its industry. The industry median Forward PE Ratio is 14.54. Atmos Energy's value of 19.77 is 36% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Utilities - Regulated company?
The median Forward PE Ratio among Utilities - Regulated companies is 14.54, based on 275 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Atmos Energy's current Forward PE Ratio of 19.77 is 36% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Atmos Energy and its competitors. For the Utilities - Regulated industry, the median Forward PE Ratio is 14.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atmos Energy's current Forward PE Ratio is 19.77. 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 $156.27, compared to a current price of $178.04 — trading 13.9% above its estimated fair value. The current Forward PE Ratio is 19.77 and 36% above the Utilities - Regulated industry median of 14.54. Atmos Energy's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Atmos Energy (ATO), the current Forward PE Ratio is 19.77 as of Jul. 16, 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 $178.04 is trading 13.9% above its estimated GF Value™ of $156.27.
GuruFocus considers Atmos Energy to be Modestly Overvalued.
Key valuation signals for ATO:
Forward PE Ratio: 19.77
GF Value™: $156.27 vs. price of $178.04 (13.9% above fair value)
Industry Position: 36% above the Utilities - Regulated median (#203 of 275)
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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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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