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 .
ONE Gas Forward PE Ratio Related Terms
ONE Gas Forward PE Ratio Historical Data
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The historical data trend for ONE Gas'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.
ONE Gas Forward PE Ratio Chart
ONE Gas Annual Data
Trend
2024-12
2025-12
Forward PE Ratio
12.43
12.71
ONE Gas Quarterly Data
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
12.43
12.38
13.26
12.82
12.71
12.55
MEX:OGS vs SR, MDU, BKH: Forward PE Ratio Comparison
For the Utilities - Regulated Gas subindustry, ONE Gas'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.
ONE Gas Forward PE Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ONE Gas's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where ONE Gas'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.
ONE Gas (MEX:OGS) has a Forward PE Ratio of 12.88 as of Jul. 11, 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 ONE Gas and its competitors. According to the industry distribution chart, ONE Gas ranks #169 out of 275 companies in the Utilities - Regulated industry, placing it in the top 61.5%.
Is ONE Gas' Forward PE Ratio too high?
ONE Gas' current Forward PE Ratio is 12.88. The Utilities - Regulated industry median Forward PE Ratio is 14.64. ONE Gas' value of 12.88 is 12% below this industry median. Based on the distribution chart, ONE Gas ranks #169 out of 275 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, ONE Gas has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does ONE Gas' Forward PE Ratio compare to SR and MDU?
According to the Utilities - Regulated industry distribution chart, ONE Gas ranks #169 out of 275 companies for Forward PE Ratio. This places ONE Gas in the lower half of its industry. The industry median Forward PE Ratio is 14.64. ONE Gas' value of 12.88 is 12% below 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 14.64, 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. ONE Gas's current Forward PE Ratio of 12.88 is 12% below 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 ONE Gas and its competitors. For the Utilities - Regulated industry, the median Forward PE Ratio is 14.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ONE Gas's current Forward PE Ratio is 12.88. 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 (MEX:OGS) has a current Forward PE Ratio of 12.88. The stock's GF Value™ is MXN982.65, compared to a current price of MXN1,072.02 — trading 9.1% above its estimated fair value. The current Forward PE Ratio is 12.88 and 12% below the Utilities - Regulated industry median of 14.64. ONE Gas' overall GF Score™ is 78/100 with 4 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 ONE Gas (MEX:OGS), the current Forward PE Ratio is 12.88 as of Jul. 11, 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 (MEX:OGS) Overvalued in 2026?
Based on GuruFocus' analysis, ONE Gas stock appears to be overvalued.
The current stock price of MXN1,072.02 is trading 9.1% above its estimated GF Value™ of MXN982.65.
Key valuation signals for MEX:OGS:
Forward PE Ratio: 12.88
GF Value™: MXN982.65 vs. price of MXN1,072.02 (9.1% above fair value)
Industry Position: 12% below the Utilities - Regulated median (#169 of 275)
No single metric tells the full story. See the MEX: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.
78GF Score
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