ONE GasMEX:OGS 76 Return-on-Tangible-Equity is 16.64% as of Mar. 2026, which is 75% above its 10-year median of 9.51. GuruFocus rates MEX:OGS with a GF Score™ of 76/100 and a GF Value™ of MXN1,018.21. The stock has 4 warning signs investors should review. Among 496 Utilities - Regulated companies, ONE Gas ranks worse than 56.05% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. ONE Gas's annualized net income for the quarter that ended in Mar. 2026 was MXN9,281 Mil. ONE Gas's average shareholder tangible equity for the quarter that ended in Mar. 2026 was MXN55,768 Mil. Therefore, ONE Gas's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 16.64%.
The historical rank and industry rank for ONE Gas's Return-on-Tangible-Equity or its related term are showing as below:
MEX:OGS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.21 Med: 9.51 Max: 10.47
Current: 9.42
During the past 13 years, ONE Gas's highest Return-on-Tangible-Equity was 10.47%. The lowest was 8.21%. And the median was 9.51%.
MEX:OGS's Return-on-Tangible-Equity is ranked worse than 56.05% of 496
companies
in the Utilities - Regulated industry
Industry Median: 10.91
vs MEX:OGS: 9.42
ONE Gas (MEX:OGS) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
ONE Gas Return-on-Tangible-Equity Related Terms
ONE Gas Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ONE Gas's Return-on-Tangible-Equity 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.
MEX:OGS vs SR, MDU, BKH: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, ONE Gas's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ONE Gas's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ONE Gas's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 16.64% mean?
ONE Gas (MEX:OGS) has a Return-on-Tangible-Equity of 16.64% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on ONE Gas and its competitors. This is 75% above median its historical median of 9.51. Over the past decade, ONE Gas' Return-on-Tangible-Equity has ranged from 8.21 to 10.47. According to the industry distribution chart, ONE Gas ranks #278 out of 496 companies in the Utilities - Regulated industry, placing it in the top 56%.
Is ONE Gas' Return-on-Tangible-Equity too high?
ONE Gas' current Return-on-Tangible-Equity of 16.64% is 75% above median its 10-year median of 9.51. Over the past 10 years, this metric has ranged from a low of 8.21 to a high of 10.47. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.91. ONE Gas' value of 16.64% is 52.5% above this industry median. Based on the distribution chart, ONE Gas ranks #278 out of 496 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, ONE Gas has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does ONE Gas' Return-on-Tangible-Equity compare to SR and MDU?
According to the Utilities - Regulated industry distribution chart, ONE Gas ranks #278 out of 496 companies for Return-on-Tangible-Equity. This places ONE Gas in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.91. ONE Gas' value of 16.64% is 52.5% above this benchmark. Historically, ONE Gas' own Return-on-Tangible-Equity has ranged from 8.21 to 10.47 over the past decade. While the company's 10-year median is 9.51 vs. the industry median of 10.91, ONE 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 Return-on-Tangible-Equity for an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.91, based on 496 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ONE Gas's current Return-on-Tangible-Equity of 16.64% is 52.5% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on ONE Gas and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ONE Gas's current Return-on-Tangible-Equity is 16.64%, which is 75% above median its own 10-year median of 9.51. 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 (MEX:OGS) has a current Return-on-Tangible-Equity of 16.64%. The stock's GF Value™ is MXN1,018.21, compared to a current price of MXN1,072.02 — trading 5.3% above its estimated fair value. The current Return-on-Tangible-Equity is 16.64%, which is 75% above median its 10-year median of 9.51 and 52.5% above the Utilities - Regulated industry median of 10.91. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For ONE Gas (MEX:OGS), the current Return-on-Tangible-Equity is 16.64% 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 (MEX:OGS) Overvalued in 2026?
Based on GuruFocus' analysis, ONE Gas stock appears to be overvalued.
The current stock price of MXN1,072.02 is trading 5.3% above its estimated GF Value™ of MXN1,018.21.
Key valuation signals for MEX:OGS:
Return-on-Tangible-Equity: 16.64% (75% above median its 10-year median of 9.51)
GF Value™: MXN1,018.21 vs. price of MXN1,072.02 (5.3% above fair value)
Industry Position: 52.5% above the Utilities - Regulated median (#278 of 496)
No single metric tells the full story. See the MEX: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
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