ONE Gas (FRA:OG9) Dividend Payout Ratio: 0.32 (As of Mar. 2026) — 47% Below Median

ONE Gas FRA:OG9 79 Dividend Payout Ratio is 0.32 as of Mar. 2026, which is 47% below its 10-year median of 0.60. GuruFocus rates FRA:OG9 with a GF Score™ of 79/100 and a GF Value™ of €62.01. The stock has 4 warning signs investors should review. Among 374 Utilities - Regulated companies, ONE Gas ranks worse than 61.5% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. ONE Gas's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.32.

The historical rank and industry rank for ONE Gas's Dividend Payout Ratio or its related term are showing as below:

FRA:OG9' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.53 Med: 0.6 Max: 0.69
Current: 0.61

During the past 13 years, the highest Dividend Payout Ratio of ONE Gas was 0.69. The lowest was 0.53. And the median was 0.60.

FRA:OG9's Dividend Payout Ratio is ranked worse than
61.5% of 374 companies
in the Utilities - Regulated industry
Industry Median: 0.54 vs FRA:OG9: 0.61

As of today (2026-06-29), the Dividend Yield % of ONE Gas is 3.42%.

During the past 13 years, the highest Trailing Annual Dividend Yield of ONE Gas was 4.39%. The lowest was 1.97%. And the median was 2.90%.

ONE Gas's Dividends per Share for the months ended in Mar. 2026 was €0.59.

During the past 12 months, ONE Gas's average Dividends Per Share Growth Rate was 1.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of ONE Gas was 26.00% per year. The lowest was 2.60% per year. And the median was 8.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

ONE Gas (FRA:OG9) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

ONE Gas Dividend Payout Ratio Related Terms

ONE Gas Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for ONE Gas's Dividend Payout 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 Dividend Payout Ratio Chart

ONE Gas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.61

0.59

0.64

0.69

0.62

ONE Gas Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.34	1.34	1.62	0.48	0.32

FRA:OG9 vs SR, MDU, BKH: Dividend Payout Ratio Comparison

For the Utilities - Regulated Gas subindustry, ONE Gas's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout 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 Dividend Payout Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, ONE Gas's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where ONE Gas's Dividend Payout Ratio falls into.

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79GF Score

ONE Gas Inc FRA:OG9

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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ONE Gas Dividend Payout Ratio Calculation

ONE Gas's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	2.289	/	3.674
	=	0.62

ONE Gas's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.588	/	1.825
	=	0.32

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.32 mean?

ONE Gas (FRA:OG9) has a Dividend Payout Ratio of 0.32 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on ONE Gas and its competitors. This is 47% below median its historical median of 0.60. Over the past decade, ONE Gas' Dividend Payout Ratio has ranged from 0.53 to 0.69. According to the industry distribution chart, ONE Gas ranks #230 out of 374 companies in the Utilities - Regulated industry, placing it in the top 61.5%.

Is ONE Gas' Dividend Payout Ratio too high?

ONE Gas' current Dividend Payout Ratio of 0.32 is 47% below median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 0.69. The Utilities - Regulated industry median Dividend Payout Ratio is 0.54. ONE Gas' value of 0.32 is 40.7% below this industry median. Based on the distribution chart, ONE Gas ranks #230 out of 374 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, ONE Gas has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.

How does ONE Gas' Dividend Payout Ratio compare to SR and MDU?

According to the Utilities - Regulated industry distribution chart, ONE Gas ranks #230 out of 374 companies for Dividend Payout Ratio. This places ONE Gas in the lower half of its industry. The industry median Dividend Payout Ratio is 0.54. ONE Gas' value of 0.32 is 40.7% below this benchmark. Historically, ONE Gas' own Dividend Payout Ratio has ranged from 0.53 to 0.69 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 0.54, 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 Dividend Payout Ratio for an Utilities - Regulated company?

The median Dividend Payout Ratio among Utilities - Regulated companies is 0.54, based on 374 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ONE Gas's current Dividend Payout Ratio of 0.32 is 40.7% 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on ONE Gas and its competitors. For the Utilities - Regulated industry, the median Dividend Payout Ratio is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ONE Gas's current Dividend Payout Ratio is 0.32, which is 47% below median its own 10-year median of 0.60. 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 (FRA:OG9) has a current Dividend Payout Ratio of 0.32. The stock's GF Value™ is €62.01, compared to a current price of €68.00 — trading 9.7% above its estimated fair value. The current Dividend Payout Ratio is 0.32, which is 47% below median its 10-year median of 0.60 and 40.7% below the Utilities - Regulated industry median of 0.54. ONE Gas' overall GF Score™ is 79/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For ONE Gas (FRA:OG9), the current Dividend Payout Ratio is 0.32 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 ONE Gas (FRA:OG9) Overvalued in 2026?

Based on GuruFocus' analysis, ONE Gas stock appears to be overvalued. The current stock price of €68.00 is trading 9.7% above its estimated GF Value™ of €62.01.

Key valuation signals for FRA:OG9:

Dividend Payout Ratio: 0.32 (47% below median its 10-year median of 0.60)
GF Value™: €62.01 vs. price of €68.00 (9.7% above fair value)
GF Score™: 79/100 with 4 warning signs
Industry Position: 40.7% below the Utilities - Regulated median (#230 of 374)

No single metric tells the full story. See the FRA:OG9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ONE Gas Business Description

Industry Utilities Utilities - Regulated

Comparable Companies SR MDU BKH NJR SWX CTRI CPK UGI NWN SPH XMAD:NTGY ATO MIL:SRG NI XTER:UN0 HKSE:00003 TSE:9532 TSE:9531 MIL:IG BOM:532155

Other Exchanges OGS:USA

Address 15 East Fifth Street, Tulsa, OK, USA, 74103

Website https://www.onegas.com

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.

79GF Score

Get the complete analysis for FRA:OG9

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€68.00

Price

€62.01

GF Value

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