ONE GasMEX:OGS 78 3-Year ROIIC % is 4.71 as of Dec. 2025, which is 2% below its 10-year median of 4.81. GuruFocus rates MEX:OGS with a GF Score™ of 78/100 and a GF Value™ of MXN1,005.05. The stock has 4 warning signs investors should review. Among 478 Utilities - Regulated companies, ONE Gas ranks better than 52.3% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
ONE Gas's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 4.71%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for ONE Gas's 3-Year ROIIC % or its related term are showing as below:
MEX:OGS's 3-Year ROIIC % is ranked better than 52.3% of 478
companies
in the Utilities - Regulated industry
Industry Median: 3.99
vs MEX:OGS: 4.71
ONE Gas (MEX:OGS) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
ONE Gas 3-Year ROIIC % Related Terms
ONE Gas 3-Year ROIIC % Historical Data
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The historical data trend for ONE Gas's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the Utilities - Regulated Gas subindustry, ONE Gas's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ONE Gas's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where ONE Gas's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
ONE Gas (MEX:OGS) has a 3-Year ROIIC % of 4.71 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on ONE Gas and its competitors. This is near median its historical median of 4.81. Over the past decade, ONE Gas' 3-Year ROIIC % has ranged from 1.48 to 15.17. According to the industry distribution chart, ONE Gas ranks #228 out of 478 companies in the Utilities - Regulated industry, placing it in the top 47.7%.
Is ONE Gas' 3-Year ROIIC % too high?
ONE Gas' current 3-Year ROIIC % of 4.71 is near median its 10-year median of 4.81. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 15.17. The Utilities - Regulated industry median 3-Year ROIIC % is 3.99. ONE Gas' value of 4.71 is 18% above this industry median. Based on the distribution chart, ONE Gas ranks #228 out of 478 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, ONE Gas has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does ONE Gas' 3-Year ROIIC % compare to SR and MDU?
According to the Utilities - Regulated industry distribution chart, ONE Gas ranks #228 out of 478 companies for 3-Year ROIIC %. This puts ONE Gas in the upper half of its industry. The industry median 3-Year ROIIC % is 3.99. ONE Gas' value of 4.71 is 18% above this benchmark. Historically, ONE Gas' own 3-Year ROIIC % has ranged from 1.48 to 15.17 over the past decade. While the company's 10-year median is 4.81 vs. the industry median of 3.99, 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 3-Year ROIIC % for an Utilities - Regulated company?
The median 3-Year ROIIC % among Utilities - Regulated companies is 3.99, based on 478 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ONE Gas's current 3-Year ROIIC % of 4.71 is 18% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on ONE Gas and its competitors. For the Utilities - Regulated industry, the median 3-Year ROIIC % is 3.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ONE Gas's current 3-Year ROIIC % is 4.71, which is near median its own 10-year median of 4.81. 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 3-Year ROIIC % of 4.71. The stock's GF Value™ is MXN1,005.05, compared to a current price of MXN1,072.02 — trading 6.7% above its estimated fair value. The current 3-Year ROIIC % is 4.71, which is near median its 10-year median of 4.81 and 18% above the Utilities - Regulated industry median of 3.99. ONE Gas' overall GF Score™ is 78/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For ONE Gas (MEX:OGS), the current 3-Year ROIIC % is 4.71 as of Dec. 2025. 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 6.7% above its estimated GF Value™ of MXN1,005.05.
Key valuation signals for MEX:OGS:
3-Year ROIIC %: 4.71 (near median its 10-year median of 4.81)
GF Value™: MXN1,005.05 vs. price of MXN1,072.02 (6.7% above fair value)
Industry Position: 18% above the Utilities - Regulated median (#228 of 478)
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.
78GF Score
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