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Atmos Energy Corp
NYSE:ATO

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Atmos Energy Corp
NYSE:ATO
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Price: 182.93 USD -1.77% Market Closed
Market Cap: $30.3B

EV/EBITDA

16.7
Current
18%
More Expensive
vs 3-y average of 14.2

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
16.7
=
Enterprise Value
$39.4B
/
EBITDA
$2.4B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
16.7
=
Enterprise Value
$39.4B
/
EBITDA
$2.4B

Valuation Scenarios

Atmos Energy Corp is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (14.2), the stock would be worth $155.41 (15% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-26%
Maximum Upside
No Upside Scenarios
Average Downside
18%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 16.7 $182.93
0%
3-Year Average 14.2 $155.41
-15%
5-Year Average 13.9 $152.43
-17%
Industry Average 12.3 $134.72
-26%
Country Average 14.4 $157.1
-14%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$39.4B
/
Jan 2026
$2.4B
=
16.7
Current
$39.4B
/
Sep 2026
$2.6B
=
15
Forward
$39.4B
/
Sep 2027
$3B
=
13.2
Forward
$39.4B
/
Sep 2028
$3.4B
=
11.7
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
US
Atmos Energy Corp
NYSE:ATO
30.3B USD 16.7 24.2
ES
Naturgy Energy Group SA
MAD:NTGY
24.7B EUR 6.6 12.2
IT
Snam SpA
MIL:SRG
22.2B EUR 12.1 17.4
HK
Hong Kong and China Gas Co Ltd
HKEX:3
134.5B HKD 21 23.7
JP
Osaka Gas Co Ltd
TSE:9532
2.3T JPY 9.1 12.5
JP
Tokyo Gas Co Ltd
TSE:9531
2.2T JPY 6.7 11
IT
Italgas SpA
MIL:IG
10.6B EUR 10.4 15.6
CA
AltaGas Ltd
TSX:ALA
15.3B CAD 13.6 20.5
IN
GAIL (India) Ltd
NSE:GAIL
1T INR 8.8 12.2
CN
ENN Natural Gas Co Ltd
SSE:600803
64.4B CNY 6.7 13.7
AU
APA Group
ASX:APA
13.1B AUD 27.9 80.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Atmos Energy Corp
NYSE:ATO
Average EV/EBITDA: 12.7
16.7
14%
1.2
ES
Naturgy Energy Group SA
MAD:NTGY
6.6
2%
3.3
IT
Snam SpA
MIL:SRG
12.1
5%
2.4
HK
Hong Kong and China Gas Co Ltd
HKEX:3
21
20%
1
JP
Osaka Gas Co Ltd
TSE:9532
9.1
3%
3
JP
T
Tokyo Gas Co Ltd
TSE:9531
6.7
5%
1.3
IT
Italgas SpA
MIL:IG
10.4
9%
1.2
CA
AltaGas Ltd
TSX:ALA
13.6
9%
1.5
IN
GAIL (India) Ltd
NSE:GAIL
8.8
2%
4.4
CN
ENN Natural Gas Co Ltd
SSE:600803
6.7
21%
0.3
AU
APA Group
ASX:APA
27.9
39%
0.7

Market Distribution

In line with most companies in the United States of America
Percentile
58th
Based on 9 875 companies
58th percentile
16.7
Low
0 — 10
Typical Range
10 — 21.5
High
21.5 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 10
Median 14.4
70th Percentile 21.5
Max 1 767 274.1

Atmos Energy Corp
Glance View

Atmos Energy Corp., a prominent player in the natural gas distribution sector, operates with a focused commitment to delivering safe and reliable energy. The company stands as one of the largest fully regulated natural gas-only distributors in the United States, serving over three million customers across eight states, primarily in the South-Central region. Atmos Energy’s comprehensive operations span from sourcing and procurement of natural gas to its safe transport and delivery to residential, commercial, and industrial consumers. With a robust infrastructure network of pipelines and storage facilities, the company ensures the efficient movement and availability of natural gas, leveraging its scale and expertise to maintain a seamless supply. Revenue generation for Atmos Energy primarily hinges on its regulated distribution and pipeline operations. The utility earns money by charging customers for delivering gas and providing related services, rates that are set and approved by regulatory authorities in each state it operates. This regulatory model provides a stable revenue stream, aligning the company’s interests with public policy priorities such as safety and reliability, while also allowing for capital investments to expand and modernize infrastructure. Additionally, Atmos Energy strategically manages procurement and storage to optimize its gas purchase costs, further enhancing its profitability. This dynamic, combined with its commitment to maintaining regulatory compliance and operational excellence, underpins the company's stable financial performance and its growing reputation as a leader in the natural gas sector.

ATO Intrinsic Value
86.46 USD
Overvaluation 53%
Intrinsic Value
Price $182.93
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