Spire Inc
F:LGR

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Spire Inc
F:LGR
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Price: 77 EUR Market Closed
Market Cap: €4.4B

P/S

2.1
Current
46%
More Expensive
vs 3-y average of 1.4

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
2.1
=
Market Cap
€5.4B
/
Revenue
$2.6B

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
2.1
=
Market Cap
€5.4B
/
Revenue
$2.6B

Valuation Scenarios

Spire Inc is trading above its 3-year average

If P/S returns to its 3-Year Average (1.4), the stock would be worth €52.85 (31% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-31%
Maximum Upside
+43%
Average Downside
0%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2.1 €77
0%
3-Year Average 1.4 €52.85
-31%
5-Year Average 1.5 €54.07
-30%
Industry Average 3 €109.74
+43%
Country Average 2.4 €90.26
+17%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
€5.4B
/
Jan 2026
$2.6B
=
2.1
Current
€5.4B
/
Sep 2026
$2.6B
=
2
Forward
€5.4B
/
Sep 2027
$2.7B
=
2
Forward
€5.4B
/
Sep 2028
$2.9B
=
1.9
Forward
€5.4B
/
Sep 2029
$3.7B
=
1.4
Forward
€5.4B
/
Sep 2030
$4.6B
=
1.2
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
Spire Inc
F:LGR
5.3B EUR 2.1 19.8
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
P/E Multiple
Earnings Growth PEG
US
Spire Inc
F:LGR
Average P/E: 23.1
19.8
14%
1.4
US
Atmos Energy Corp
NYSE:ATO
24.7
10%
2.5
ES
Naturgy Energy Group SA
MAD:NTGY
12.8
-1%
N/A
IT
Snam SpA
MIL:SRG
17.7
7%
2.5
HK
Hong Kong and China Gas Co Ltd
HKEX:3
23.9
5%
4.8
JP
T
Tokyo Gas Co Ltd
TSE:9531
11.6
27%
0.4
JP
Osaka Gas Co Ltd
TSE:9532
12.5
6%
2.1
IT
Italgas SpA
MIL:IG
15.7
11%
1.4
IN
GAIL (India) Ltd
NSE:GAIL
12.6
-6%
N/A
CA
AltaGas Ltd
TSX:ALA
20.9
8%
2.6
AU
APA Group
ASX:APA
82.3
53%
1.6

Market Distribution

In line with most companies in the United States of America
Percentile
39th
Based on 11 520 companies
39th percentile
1.8
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

Spire Inc
Glance View

Spire Inc., a stalwart of the natural gas industry, traces its roots back to the suburbs of Saint Louis, Missouri. Born out of a need to provide reliable energy to heat homes and fuel industries, the company has risen steadily through the ranks, acquiring several key players along the way to fortify its standing in the utility sector. It operates primarily as a regulated natural gas utility, serving over 1.7 million customers across the Midwest and Southeast regions of the United States. By investing diligently in infrastructure and technology, Spire ensures the safe and efficient transmission and distribution of natural gas, making certain that homes remain warm and industries powered through its integrated pipeline networks. Beyond the domestic sphere, Spire engages in energy-related businesses such as gas storage and marketing through its subsidiaries, diversifying its revenue streams. The company’s insight into the energy markets allows it to navigate the fluctuations in gas prices and regulatory challenges seamlessly. By offering services like gas supply and optimization to other utilities and businesses, Spire capitalizes on its expertise to generate additional income. This multifaceted business model not only buffers the company against market volatility but also positions it strategically to adapt to the evolving energy landscape. Thus, Spire stands firm on its promise to deliver energy with both reliability and foresight, drawing stability from its regulated operations and growth from its ancillary ventures.

LGR Intrinsic Value
117.92 EUR
Undervaluation 35%
Intrinsic Value
Price €77
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