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Atmos Energy Corp
NYSE:ATO

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Atmos Energy Corp
NYSE:ATO
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Price: 189.98 USD 2.3% Market Closed
Market Cap: $31.4B

P/E

25.2
Current
32%
More Expensive
vs 3-y average of 19.1

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

P/E
25.2
=
Market Cap
$30.1B
/
Net Income
$1.2B

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

P/E
25.2
=
Market Cap
$30.1B
/
Net Income
$1.2B

Valuation Scenarios

Atmos Energy Corp is trading above its 3-year average

If P/E returns to its 3-Year Average (19.1), the stock would be worth $144.17 (24% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-25%
Maximum Upside
No Upside Scenarios
Average Downside
19%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 25.2 $189.98
0%
3-Year Average 19.1 $144.17
-24%
5-Year Average 18.8 $141.99
-25%
Industry Average 20.8 $157.43
-17%
Country Average 22.9 $172.7
-9%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
$30.1B
/
Jan 2026
$1.2B
=
25.2
Current
$30.1B
/
Sep 2026
$1.4B
=
21.9
Forward
$30.1B
/
Sep 2027
$1.5B
=
20.4
Forward
$30.1B
/
Sep 2028
$1.6B
=
18.9
Forward
$30.1B
/
Sep 2029
$1.7B
=
17.5
Forward
$30.1B
/
Sep 2030
$1.9B
=
16.2
Forward

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

Peer Comparison

Market Distribution

In line with most companies in the United States of America
Percentile
56th
Based on 8 489 companies
56th percentile
25.2
Low
0 — 15.3
Typical Range
15.3 — 33.2
High
33.2 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 15.3
Median 22.9
70th Percentile 33.2
Max 1 826 183.3

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 $189.98
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