ONE Gas, Inc. (OGS)

Natural Gas Distribution

Latest Price

$76.35

TTM P/E

16.45

Normalized P/E

18.66

Div Yield

3.54%

Book Value

56.21

P/B Ratio

1.36

Valuation metrics

EPS: $4.37

Book value / share: $54.87

Formula: √(22.5 × EPS × BVPS)

Graham Number

$73.45

4% downside

Norm. op. income: $330M (median of 6yr)

Tax rate: 17%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$1.61

98% downside

EPS: $4.37

Target P/E: 19×

Formula: EPS × P/E

P/E Fair Value

$83.03

+9% upside

90.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	9.10M	$701.0M	14.49%	-16.0K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	3.72M	$286.0M	5.92%	+126.4K	2026-06-30
AMERICAN CENTURY COMPANIES INC	3.54M	$273.0M	5.64%	+167.8K	2026-06-30
STATE STREET CORP	3.27M	$251.0M	5.21%	+231.9K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	2.82M	$217.0M	4.49%	+45.4K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	1.96M	$150.0M	3.12%	+376.8K	2026-06-30
T. Rowe Price Investment Management, Inc.	1.86M	$143.0M	2.96%	-4.0K	2026-06-30
Energy Income Partners, LLC	1.76M	$135.0M	2.81%	+432.9K	2026-06-30
ALLIANCEBERNSTEIN L.P.	1.48M	$127.0M	2.36%	-30.9K	2026-06-30
AQR CAPITAL MANAGEMENT LLC	1.12M	$86.0M	1.78%	+613.7K	2026-06-30