ATO (Atmos Energy) Intangible Assets: $802 Mil (As of Mar. 2026)

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ATO Atmos Energy Corp ATO
85 GF Score
Price $172.78
GF Value $156.32
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Atmos Energy Intangible Assets?

Atmos Energy ATO -0.85% 85 Intangible Assets is $802 Mil as of Mar. 2026. GuruFocus rates ATO with a GF Score™ of 85/100 and a GF Value™ of $156.32 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Atmos Energy's intangible assets for the quarter that ended in Mar. 2026 was $802 Mil.

Atmos Energy  (NYSE:ATO) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

Atmos Energy Intangible Assets Related Terms

Atmos Energy Intangible Assets Historical Data

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The historical data trend for Atmos Energy's Intangible Assets 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 Intangible Assets Chart

Atmos Energy Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Intangible Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 731.26 731.26 823.46 814.10 806.38

Atmos Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Intangible Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 810.15 808.50 806.38 804.06 801.69
ATO
85GF Score
Atmos Energy Corp ATO
Intangible Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Atmos Energy Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Frequently Asked Questions Learn more about Intangible Assets →
What does a Intangible Assets of $802 Mil mean?
Atmos Energy (ATO) has a Intangible Assets of $802 Mil as of Mar. 2026. Intangible assets include patents, goodwill and trade secrets. View historical data on Atmos Energy and its competitors.
Is Atmos Energy's Intangible Assets too high?
Atmos Energy's current Intangible Assets is $802 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 Intangible Assets compare to NI and UGI?
Atmos Energy's Intangible Assets of $802 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 Intangible Assets for an Utilities - Regulated company?
A good Intangible Assets depends on the Utilities - Regulated industry context. However, Intangible Assets 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 Intangible Assets mean?
A high Intangible Assets can signal that a stock is expensive relative to its fundamentals. Intangible assets include patents, goodwill and trade secrets. View historical data on Atmos Energy and its competitors. Atmos Energy's current Intangible Assets is $802 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 $156.32, compared to a current price of $172.78 — trading 10.5% above its estimated fair value. The current Intangible Assets is $802 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 Intangible Assets calculated?
Intangible Assets is calculated from a company's financial statements. For Atmos Energy (ATO), the current Intangible Assets is $802 Mil as of Mar. 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 $172.78 is trading 10.5% above its estimated GF Value™ of $156.32. GuruFocus considers Atmos Energy to be Modestly Overvalued.

Key valuation signals for ATO:

  • Intangible Assets: $802 Mil
  • GF Value™: $156.32 vs. price of $172.78 (10.5% above fair value)
  • GF Score™: 85/100 with 6 warning signs

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 Business Description

Address 5430 LBJ Freeway, Suite 1800, Three Lincoln Centre, Dallas, TX, USA, 75240
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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Intangible Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$172.78
Price
$156.32
GF Value