ATO (Atmos Energy) Moat Score: 7/10 (As of Jun. 29, 2026)


ATO Atmos Energy Corp ATO
84 GF Score
Price $174.42
GF Value $155.92
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Atmos Energy Moat Score?

Atmos Energy ATO -0.43% 84 Moat Score is 7 as of Jun. 29, 2026. GuruFocus rates ATO with a GF Score™ of 84/100 and a GF Value™ of $155.92 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 548 Utilities - Regulated companies, Atmos Energy ranks better than 99.09% on this metric.

Atmos Energy has the Moat Score of 7, which implies that the company might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Atmos Energy has Wide Moat: Atmos Energy Corp possesses a wide moat due to significant regulatory barriers, a strong distribution network, and durable cost advantages. Its position in the utility sector provides stable market leadership and pricing power, ensuring long-term competitive advantages.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Atmos Energy might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Atmos Energy  (NYSE:ATO) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Atmos Energy Moat Score Related Terms

ATO vs NI, UGI, SWX: Moat Score Comparison

For the Utilities - Regulated Gas subindustry, Atmos Energy's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Atmos Energy's Moat Score distribution charts can be found below:

* The bar in red indicates where Atmos Energy's Moat Score falls into.


ATO
84GF Score
Atmos Energy Corp ATO
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 7 mean?
Atmos Energy (ATO) has a Moat Score of 7 as of Jun. 29, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Atmos Energy ranks #5 out of 548 companies in the Utilities - Regulated industry, placing it in the top 0.90000000000001%.
Is Atmos Energy's Moat Score too high?
Atmos Energy's current Moat Score is 7. Based on the distribution chart, Atmos Energy ranks #5 out of 548 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. 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 Moat Score compare to NI and UGI?
According to the Utilities - Regulated industry distribution chart, Atmos Energy ranks #5 out of 548 companies for Moat Score. This places Atmos Energy in the top 1% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for an Utilities - Regulated company?
A good Moat Score depends on the Utilities - Regulated industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Atmos Energy's current Moat Score is 7. 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 $155.92, compared to a current price of $174.42 — trading 11.9% above its estimated fair value. The current Moat Score is 7. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Atmos Energy (ATO), the current Moat Score is 7 as of Jun. 29, 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 $174.42 is trading 11.9% above its estimated GF Value™ of $155.92. GuruFocus considers Atmos Energy to be Modestly Overvalued.

Key valuation signals for ATO:

  • Moat Score: 7
  • GF Value™: $155.92 vs. price of $174.42 (11.9% above fair value)
  • GF Score™: 84/100 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.
84GF Score

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$174.42
Price
$155.92
GF Value