AltaGas Ltd
TSX:ALA
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EV/S
Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.
Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.
Valuation Scenarios
If EV/S returns to its 3-Year Average (1.5), the stock would be worth CA$37.91 (24% downside from current price).
| Scenario | EV/S Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 2 | CA$49.73 |
0%
|
| 3-Year Average | 1.5 | CA$37.91 |
-24%
|
| 5-Year Average | 1.5 | CA$37.4 |
-25%
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| Industry Average | 4.5 | CA$113.81 |
+129%
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| Country Average | 2.9 | CA$74.12 |
+49%
|
Forward EV/S
Today’s price vs future revenue
| Today's Enterprise Value | Revenue | Forward EV/S | ||
|---|---|---|---|---|
|
CA$24.1B
|
/ |
Jan 2026
CA$12.7B
|
= |
|
|
CA$24.1B
|
/ |
Dec 2026
CA$14.1B
|
= |
|
|
CA$24.1B
|
/ |
Dec 2027
CA$14.9B
|
= |
|
|
CA$24.1B
|
/ |
Dec 2028
CA$15.4B
|
= |
|
Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.
Peer Comparison
| Market Cap | EV/S | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
|
AltaGas Ltd
TSX:ALA
|
15.5B CAD | 2 | 20.7 | |
| US |
|
Atmos Energy Corp
NYSE:ATO
|
30.7B USD | 8.2 | 24.6 | |
| ES |
|
Naturgy Energy Group SA
MAD:NTGY
|
25.5B EUR | 1.8 | 12.5 | |
| IT |
|
Snam SpA
MIL:SRG
|
22.8B EUR | 9.3 | 17.7 | |
| HK |
|
Hong Kong and China Gas Co Ltd
HKEX:3
|
135.1B HKD | 3.1 | 23.8 | |
| JP |
|
Osaka Gas Co Ltd
TSE:9532
|
2.3T JPY | 1.4 | 12.3 | |
| JP |
T
|
Tokyo Gas Co Ltd
TSE:9531
|
2.2T JPY | 1.1 | 10.8 | |
| IT |
|
Italgas SpA
MIL:IG
|
10.6B EUR | 5.9 | 15.7 | |
| IN |
|
GAIL (India) Ltd
NSE:GAIL
|
1.1T INR | 0.8 | 12.6 | |
| CN |
|
ENN Natural Gas Co Ltd
SSE:600803
|
64.9B CNY | 0.6 | 13.9 | |
| AU |
|
APA Group
ASX:APA
|
13.3B AUD | 8.3 | 82.2 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1.7 |
| Median | 2.9 |
| 70th Percentile | 5.7 |
| Max | 15 639 353.3 |
Other Multiples
AltaGas Ltd
Glance View
AltaGas Ltd. is a North American energy infrastructure company that orchestrates the intricate dance of natural resources through a balanced portfolio of regulated gas utilities and midstream operations. Founded in Calgary, AltaGas has long navigated the complexities of the energy landscape, deftly managing everything from the transportation and storage of natural gas to providing reliable utility services. The company's utilities segment serves a diverse clientele across the United States, ensuring energy delivery to residential, commercial, and industrial consumers in regions like Michigan and West Virginia. Here, predictability reigns supreme as regulated returns from this segment provide a steady cash flow, allowing AltaGas to maintain stability even in the face of market volatility. In the midstream arena, AltaGas connects the dots of the energy value chain, facilitating the movement of gas from producers in Western Canada to dynamic North American and global markets. This segment is where the company fosters growth, leveraging its infrastructure to process, transport, and export natural gas and natural gas liquids. AltaGas's participation in the global liquefied natural gas market further bridges the gap between resource-rich Canadian producers and energy-hungry international markets, primarily in Asia. The integration of these operations not only underpins the company’s revenue generation but also positions AltaGas as a crucial player in the global energy supply web. Through strategic investments in infrastructure and selective expansion, AltaGas aims to generate sustainable returns while actively contributing to North America's transition to cleaner energy solutions.