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Atmos Energy Corp
NYSE:ATO

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Atmos Energy Corp
NYSE:ATO
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Price: 186.82 USD 0.65%
Market Cap: $30.9B

P/S

6.3
Current
50%
More Expensive
vs 3-y average of 4.2

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
6.3
=
Market Cap
$30.1B
/
Revenue
$4.9B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
6.3
=
Market Cap
$30.1B
/
Revenue
$4.9B

Valuation Scenarios

Atmos Energy Corp is trading above its 3-year average

If P/S returns to its 3-Year Average (4.2), the stock would be worth $124.31 (33% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-62%
Maximum Upside
No Upside Scenarios
Average Downside
47%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 6.3 $186.82
0%
3-Year Average 4.2 $124.31
-33%
5-Year Average 3.8 $111.78
-40%
Industry Average 3 $87.17
-53%
Country Average 2.4 $71.69
-62%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
$30.1B
/
Jan 2026
$4.9B
=
6.3
Current
$30.1B
/
Sep 2026
$5.4B
=
5.6
Forward
$30.1B
/
Sep 2027
$6B
=
5
Forward
$30.1B
/
Sep 2028
$6.5B
=
4.6
Forward
$30.1B
/
Sep 2029
$7.1B
=
4.2
Forward
$30.1B
/
Sep 2030
$7.6B
=
4
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
US
Atmos Energy Corp
NYSE:ATO
30.7B USD 6.3 24.7
ES
Naturgy Energy Group SA
MAD:NTGY
25.4B EUR 1.3 12.8
IT
Snam SpA
MIL:SRG
22.4B EUR 5.8 17.7
HK
Hong Kong and China Gas Co Ltd
HKEX:3
135.8B HKD 2.5 23.9
JP
Tokyo Gas Co Ltd
TSE:9531
2.4T JPY 0.8 11.6
JP
Osaka Gas Co Ltd
TSE:9532
2.3T JPY 1.1 12.5
IT
Italgas SpA
MIL:IG
10.4B EUR 3 15.7
IN
GAIL (India) Ltd
NSE:GAIL
1.1T INR 0.8 12.6
CA
AltaGas Ltd
TSX:ALA
15.6B CAD 1.2 20.9
AU
APA Group
ASX:APA
13.3B AUD 4.2 82.3
CN
ENN Natural Gas Co Ltd
SSE:600803
65.3B CNY 0.5 13.9

Market Distribution

Higher than 81% of companies in the United States of America
Percentile
81st
Based on 11 520 companies
81st percentile
6.3
Low
0 — 1.2
Typical Range
1.2 — 4.1
High
4.1 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 1.2
Median 2.4
70th Percentile 4.1
Max 4 613 274.2

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 54%
Intrinsic Value
Price $186.82
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