Adani Total GasNSE:ATGL -1.60%95 PS Ratio is 13.35 as of Jul. 06, 2026, which is 17% below its 10-year median of 16.09. GuruFocus rates NSE:ATGL with a GF Score™ of 95/100 and a GF Value™ of ₹845.76 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 501 Utilities - Regulated companies, Adani Total Gas ranks worse than 96.81% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Adani Total Gas's share price is ₹721.75.
Adani Total Gas's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₹54.08. Hence, Adani Total Gas's PS Ratio for today is 13.35.
Warning Sign:
Adani Total Gas Ltd stock PS Ratio (=13.56) is close to 1-year high of 14.29.
The historical rank and industry rank for Adani Total Gas's PS Ratio or its related term are showing as below:
NSE:ATGL'
s PS Ratio Range Over the Past 10 Years
Min: 5.22 Med: 16.09 Max: 112.33
Current: 13.35
During the past 12 years, Adani Total Gas's highest PS Ratio was 112.33. The lowest was 5.22. And the median was 16.09.
NSE:ATGL's PS Ratio is ranked worse than 96.81% of 501
companies
in the Utilities - Regulated industry
Industry Median: 1.44
vs NSE:ATGL: 13.35
Adani Total Gas Ltd has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Adani Total Gas was 17.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 10.40% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 24.90% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 20.20% per year.
During the past 12 years, Adani Total Gas's highest 3-Year average Revenue per Share Growth Rate was 38.20% per year. The lowest was 0.80% per year. And the median was 18.30% per year.
Back to Basics: PS Ratio
Adani Total Gas (NSE:ATGL) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Adani Total Gas PS Ratio Related Terms
Adani Total Gas PS Ratio Historical Data
* Premium members only.
The historical data trend for Adani Total Gas's PS 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.
For the Utilities - Regulated Gas subindustry, Adani Total Gas's PS Ratio, along with its competitors' market caps and PS 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.
Adani Total Gas PS Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Adani Total Gas's PS Ratio distribution charts can be found below:
* The bar in red indicates where Adani Total Gas's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Adani Total Gas's Share Price of today is ₹721.75. Adani Total Gas's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹54.08.
* 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.
It can also be calculated from the numbers for the whole company:
Adani Total Gas (NSE:ATGL) has a PS Ratio of 13.35 as of Jul. 06, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Adani Total Gas and its competitors. This is 17% below median its historical median of 16.09. Over the past decade, Adani Total Gas' PS Ratio has ranged from 5.22 to 112.33. According to the industry distribution chart, Adani Total Gas ranks #485 out of 501 companies in the Utilities - Regulated industry, placing it in the top 96.8%.
Is Adani Total Gas' PS Ratio too high?
Adani Total Gas' current PS Ratio of 13.35 is 17% below median its 10-year median of 16.09. Over the past 10 years, this metric has ranged from a low of 5.22 to a high of 112.33. The Utilities - Regulated industry median PS Ratio is 1.44. Adani Total Gas' value of 13.35 is 827.1% above this industry median. Based on the distribution chart, Adani Total Gas ranks #485 out of 501 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Adani Total Gas has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Adani Total Gas' PS Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Adani Total Gas ranks #485 out of 501 companies for PS Ratio. This places Adani Total Gas in the lower half of its industry. The industry median PS Ratio is 1.44. Adani Total Gas' value of 13.35 is 827.1% above this benchmark. Historically, Adani Total Gas' own PS Ratio has ranged from 5.22 to 112.33 over the past decade. While the company's 10-year median is 16.09 vs. the industry median of 1.44, Adani Total Gas has consistently been above 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 PS Ratio for an Utilities - Regulated company?
The median PS Ratio among Utilities - Regulated companies is 1.44, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Adani Total Gas's current PS Ratio of 13.35 is 827.1% above 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Adani Total Gas and its competitors. For the Utilities - Regulated industry, the median PS Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adani Total Gas's current PS Ratio is 13.35, which is 17% below median its own 10-year median of 16.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adani Total Gas stock overvalued right now?
Based on GuruFocus' analysis, Adani Total Gas (NSE:ATGL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹845.76, compared to a current price of ₹721.75 — trading 14.7% below its estimated fair value. The current PS Ratio is 13.35, which is 17% below median its 10-year median of 16.09 and 827.1% above the Utilities - Regulated industry median of 1.44. Adani Total Gas' overall GF Score™ is 95/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Adani Total Gas (NSE:ATGL), the current PS Ratio is 13.35 as of Jul. 06, 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 Adani Total Gas (NSE:ATGL) Overvalued in 2026?
Based on GuruFocus' analysis, Adani Total Gas stock appears to be undervalued.
The current stock price of ₹721.75 is trading 14.7% below its estimated GF Value™ of ₹845.76.
GuruFocus considers Adani Total Gas to be Modestly Undervalued.
Key valuation signals for NSE:ATGL:
PS Ratio: 13.35 (17% below median its 10-year median of 16.09)
GF Value™: ₹845.76 vs. price of ₹721.75 (14.7% below fair value)
Industry Position: 827.1% above the Utilities - Regulated median (#485 of 501)
No single metric tells the full story. See the NSE:ATGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adani Total Gas Ltd is engaged in the City Gas Distribution (CGD) business and supplies natural gas to domestic, commercial, industrial, and vehicle users. The company is exploring doing business in bio gas, bio fuel, bio mass, LCNG, HCNG, EV, Hydrogen, manufacturing of various equipment, and provision of value-added services relating to CGD business. It is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential), and Compressed Natural Gas (CNG) to the transport sector. Natural Gas is a convenient, reliable, and environmentally friendly fuel that allows consumers to enjoy a high level of safety, convenience, and economic efficiency. The Group has a single operating segment that is the sale of Natural Gas.
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