ONE Gas price to free cash flow OGS

Market value divided by free cash flow over the last twelve months, since 2015.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 13.6×; May 2024
8-year median: 4.5×
8-year range: 2.5× to 64.1×
Peer median: 34.4×

ONE Gas' price to free cash flow is not a meaningful number today: free cash flow over the last twelve months was zero, negative or not reported.

It was last meaningful in May 2024, at 13.6×.

On the days it had one over the last 8 years, its median was 4.5×, from 2.5× in Oct 2023 to 64.1× in Mar 2019.

Price to free cash flow over time

median 4.5×

The dashed line is the 8-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2024	13.6×	12.3×	20.8×
2023	20.8×	2.5×	21.2×
2022	4.0×	3.9×	4.7×
2021	n/m a value too high to mean anything
2020	n/m a value too high to mean anything
2019	63.1×	62.0×	64.1×
2018	n/m a value too high to mean anything
2017	n/m a value too high to mean anything
2016	183×	30.0×	186×
2015	35.3×	32.6×	121×

Against its peers

Companies in Regulated Gas nearest ONE Gas' size, closest first, today.

Company	Price to free cash flow
OGSONE Gas	n/m
SRSpire	n/m
NJRNew Jersey Resources	n/m
MDUMDU Resources	n/m
NFGNational Fuel Gas	34.4×
NWNNorthwest Natural	n/m
NINiSource	n/m
ATOAtmos Energy	n/m
Peer median	34.4×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on ONE Gas

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.