Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ONE GasOGS +0.75%76 Interest Coverage is 2.66 as of Jun. 2026, which is 44% below its 10-year median of 4.79. GuruFocus rates OGS with a GF Score™ of 76/100 and a GF Value™ of $72.73 (Fairly Valued). The stock has 4 warning signs investors should review. Among 448 Utilities - Regulated companies, ONE Gas ranks worse than 52.46% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. ONE Gas's
Operating Income
for the
three
months ended in Jun. 2026 was $83 Mil. ONE Gas's Interest Expense for the
three
months ended in Jun. 2026 was $-31 Mil.
ONE Gas's interest coverage for the quarter that ended in Jun. 2026 was 2.66.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for ONE Gas's Interest Coverage or its related term are showing as below:
OGS'
s Interest Coverage Range Over the Past 10 Years
Min: 2.71 Med: 4.79 Max: 6.87
Current: 3.53
OGS's Interest Coverage is ranked worse than 52.46% of 448
companies
in the Utilities - Regulated industry
Industry Median: 3.82
vs OGS: 3.53
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
ONE Gas Interest Coverage Related Terms
ONE Gas Interest Coverage Historical Data
* Premium members only.
The historical data trend for ONE Gas's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Utilities - Regulated Gas subindustry, ONE Gas's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ONE Gas's Interest Coverage distribution charts can be found below:
* The bar in red indicates where ONE Gas's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (OGS) has a Interest Coverage of 2.66 as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on ONE Gas and its competitors. This is 44% below median its historical median of 4.79. Over the past decade, ONE Gas' Interest Coverage has ranged from 2.71 to 6.87. According to the industry distribution chart, ONE Gas ranks #235 out of 448 companies in the Utilities - Regulated industry, placing it in the top 52.5%.
Is ONE Gas' Interest Coverage too high?
ONE Gas' current Interest Coverage of 2.66 is 44% below median its 10-year median of 4.79. Over the past 10 years, this metric has ranged from a low of 2.71 to a high of 6.87. The Utilities - Regulated industry median Interest Coverage is 3.82. ONE Gas' value of 2.66 is 30.4% below this industry median. Based on the distribution chart, ONE Gas ranks #235 out of 448 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, ONE Gas has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ONE Gas' Interest Coverage compare to SR and MDU?
According to the Utilities - Regulated industry distribution chart, ONE Gas ranks #235 out of 448 companies for Interest Coverage. This places ONE Gas in the lower half of its industry. The industry median Interest Coverage is 3.82. ONE Gas' value of 2.66 is 30.4% below this benchmark. Historically, ONE Gas' own Interest Coverage has ranged from 2.71 to 6.87 over the past decade. While the company's 10-year median is 4.79 vs. the industry median of 3.82, ONE Gas has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Utilities - Regulated company?
The median Interest Coverage among Utilities - Regulated companies is 3.82, based on 448 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ONE Gas's current Interest Coverage of 2.66 is 30.4% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on ONE Gas and its competitors. For the Utilities - Regulated industry, the median Interest Coverage is 3.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ONE Gas's current Interest Coverage is 2.66, which is 44% below median its own 10-year median of 4.79. 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?
Based on GuruFocus' analysis, ONE Gas (OGS) is currently considered Fairly Valued. The stock's GF Value™ is $72.73, compared to a current price of $80.22 — trading 10.3% above its estimated fair value. The current Interest Coverage is 2.66, which is 44% below median its 10-year median of 4.79 and 30.4% below the Utilities - Regulated industry median of 3.82. ONE Gas' overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For ONE Gas (OGS), the current Interest Coverage is 2.66 as of Jun. 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 (OGS) Overvalued in 2026?
Based on GuruFocus' analysis, ONE Gas stock appears to be overvalued.
The current stock price of $80.22 is trading 10.3% above its estimated GF Value™ of $72.73.
GuruFocus considers ONE Gas to be Fairly Valued.
Key valuation signals for OGS:
Interest Coverage: 2.66 (44% below median its 10-year median of 4.79)
GF Value™: $72.73 vs. price of $80.22 (10.3% above fair value)
Industry Position: 30.4% below the Utilities - Regulated median (#235 of 448)
No single metric tells the full story. See the 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.
76GF Score
Get the complete analysis for OGS
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OGS has been successfully added to your 
