OGS (ONE Gas) Financial Strength: 4 (As of Jun. 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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OGS ONE Gas Inc OGS
76 GF Score
Price $80.22
GF Value $72.73
Valuation Fairly Valued
! 4 Warning Signs
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What is ONE Gas Financial Strength?

ONE Gas OGS +0.75% 76 Financial Strength is 4 as of Jun. 2026, which is at its 10-year median of 4.00. 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.

ONE Gas has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

ONE Gas's Interest Coverage for the quarter that ended in Jun. 2026 was 2.66. ONE Gas's debt to revenue ratio for the quarter that ended in Jun. 2026 was 2.06. As of today, ONE Gas's Altman Z-Score is 1.07.


ONE Gas  (NYSE:OGS) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

ONE Gas has the Financial Strength Rank of 4.


ONE Gas Financial Strength Related Terms


OGS vs SR, MDU, BKH: Financial Strength Comparison

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

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

* The bar in red indicates where ONE Gas's Financial Strength falls into.


OGS
76GF Score
ONE Gas Inc OGS
Financial Strength is just one metric. See GF Score™, valuation, warning signs, and more.
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ONE Gas Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

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:

ONE Gas's Interest Expense for the months ended in Jun. 2026 was $-31 Mil. Its Operating Income for the months ended in Jun. 2026 was $83 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $2,341 Mil.

ONE Gas's Interest Coverage for the quarter that ended in Jun. 2026 is

Interest Coverage=-1*Operating Income (Q: Jun. 2026 )/Interest Expense (Q: Jun. 2026 )
=-1*82.671/-31.101
=2.66

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

ONE Gas's Debt to Revenue Ratio for the quarter that ended in Jun. 2026 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2026 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1052.122 + 2340.803) / 1646.556
=2.06

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

ONE Gas has a Z-score of 1.07, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 1.07 is in distress zone. This implies bankruptcy possibility in the next two years.

* 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.

Frequently Asked Questions Learn more about Financial Strength →
What does a Financial Strength of 4 mean?
ONE Gas (OGS) has a Financial Strength of 4 as of Jun. 2026. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on ONE Gas and its competitors. This is near median its historical median of 4.00. Over the past decade, ONE Gas' Financial Strength has ranged from 3.00 to 5.00.
Is ONE Gas' Financial Strength too high?
ONE Gas' current Financial Strength of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 5.00. 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' Financial Strength compare to SR and MDU?
ONE Gas' Financial Strength of 4 can be compared against companies in the Utilities - Regulated industry. Historically, ONE Gas' own Financial Strength has ranged from 3.00 to 5.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Financial Strength for an Utilities - Regulated company?
A good Financial Strength depends on the Utilities - Regulated industry context. However, Financial Strength 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 Financial Strength mean?
A high Financial Strength can signal that a stock is expensive relative to its fundamentals. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on ONE Gas and its competitors. ONE Gas's current Financial Strength is 4, which is near median its own 10-year median of 4.00. 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 Financial Strength is 4, which is near median its 10-year median of 4.00. 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 Financial Strength calculated?
Financial Strength is calculated from a company's financial statements. For ONE Gas (OGS), the current Financial Strength is 4 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:

  • Financial Strength: 4 (near median its 10-year median of 4.00)
  • GF Value™: $72.73 vs. price of $80.22 (10.3% above fair value)
  • GF Score™: 76/100 with 4 warning signs

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 Business Description

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

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

$80.22
Price
$72.73
GF Value