ONE Gas Inc (OGS)

NYSE · Utilities · Utilities - Regulated Gas · USA

ONE Gas Inc is a mid cap company (market value between $2 billion and $10 billion) in the Utilities - Regulated Gas industry.

ONE Gas is a regulated natural gas distribution utility headquartered in Oklahoma serving residential, commercial, and transportation customers across Oklahoma, Kansas, and Texas. Operating through three regional divisions, the company distributes natural gas to customers in its service territories, holding leading market positions in Oklahoma and Kansas.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the ONE Gas Inc stock.

Our verdict on OGS

Slightly undervalued: intrinsic value $85.11 per share, market price $75.60, margin of safety 11.2% (as of 2026-10-20).

Discounting its cash flows at 7.6% (average of 2 methods) values the shares at $85.11; the price of $75.60 is 11% below that value.

Leak Score: 50/100 on 11 of 12 signals (Weak Signal).

ETFs with the most weight in OGS

17 more funds hold it; the full list is part of the paid plan.

More on OGS

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Is OGS undervalued or overvalued?

OGS is slightly undervalued (as of the 2026-10-20 close). Discounting its cash flows at 7.6% (average of 2 methods) values the shares at $85.11; the price of $75.60 is 11% below that value.

What is the intrinsic value of OGS?

$85.11 per share (as of the 2026-10-20 close), against a market price of $75.60. That is a margin of safety of 11.2%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is ONE Gas Inc's Leak Score?

50 out of 100, which we rate "Weak Signal", on 11 of 12 value investing signals.