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ONE Gas (ONE Gas) Cyclically Adjusted Price-to-FCF : (As of Jun. 07, 2024)


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What is ONE Gas Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


ONE Gas Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ONE Gas's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ONE Gas Cyclically Adjusted Price-to-FCF Chart

ONE Gas Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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ONE Gas Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of ONE Gas's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Gas subindustry, ONE Gas's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ONE Gas's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, ONE Gas's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where ONE Gas's Cyclically Adjusted Price-to-FCF falls into.



ONE Gas Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

ONE Gas's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, ONE Gas's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-1.052/131.7762*131.7762
=-1.052

Current CPI (Mar. 2024) = 131.7762.

ONE Gas Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.063 100.560 -0.083
201409 -1.654 100.428 -2.170
201412 -1.424 99.070 -1.894
201503 3.483 99.621 4.607
201506 0.579 100.684 0.758
201509 -1.267 100.392 -1.663
201512 -0.683 99.792 -0.902
201603 2.140 100.470 2.807
201606 0.337 101.688 0.437
201609 -1.367 101.861 -1.768
201612 -1.465 101.863 -1.895
201703 1.730 102.862 2.216
201706 0.620 103.349 0.791
201709 -1.346 104.136 -1.703
201712 -2.944 104.011 -3.730
201803 2.584 105.290 3.234
201806 1.653 106.317 2.049
201809 -1.256 106.507 -1.554
201812 -1.582 105.998 -1.967
201903 0.670 107.251 0.823
201906 0.331 108.070 0.404
201909 -1.400 108.329 -1.703
201912 -1.740 108.420 -2.115
202003 1.293 108.902 1.565
202006 -0.488 108.767 -0.591
202009 -1.271 109.815 -1.525
202012 -1.582 109.897 -1.897
202103 -32.901 111.754 -38.796
202106 -0.682 114.631 -0.784
202109 -2.127 115.734 -2.422
202112 -2.355 117.630 -2.638
202203 -0.116 121.301 -0.126
202206 0.747 125.017 0.787
202209 20.311 125.227 21.373
202212 -3.452 125.222 -3.633
202303 5.694 127.348 5.892
202306 1.916 128.729 1.961
202309 -1.355 129.860 -1.375
202312 -1.518 129.419 -1.546
202403 -1.052 131.776 -1.052

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


ONE Gas  (NYSE:OGS) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


ONE Gas Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of ONE Gas's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


ONE Gas (ONE Gas) Business Description

Industry
Traded in Other Exchanges
Address
15 East Fifth Street, Tulsa, OK, USA, 74103
ONE Gas Inc is a regulated natural gas utility company. It is involved in the distribution and sale of natural gas to residential, commercial, industrial, and transportation consumers through its network of pipelines and service lines. Almost all of the company's revenue is derived from natural gas sales in the states of Oklahoma, Kansas, and Texas. The company controls considerable market shares in Oklahoma and Kansas and is one of the largest natural gas utilities in the U.S.
Executives
Angela Kouplen officer: See Remarks 2425 SOUTH YUKON, TULSA OK 74107
Deborah Hersman director 801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Michael G Hutchinson director 9540 SOUTH MAROON CIRCLE, SUITE 200, ENGLEWOOD CO 80112
Brian F. Brumfield officer: See remarks 15 EAST 5TH ST., 34TH FLOOR, TULSA OK 74103
Eduardo A Rodriguez director 100 WEST FIFTH STREET, TULSA OK 74103
William Kent Shortridge officer: See Remarks 15 E. 5TH STREET, 34TH FLOOR, TULSA OK 74103
Tracy E Hart director 15 EAST 5TH STREET, TULSA OK 74103
Jeffrey J Husen officer: See Remarks 15 EAST 5TH ST., TULSA OK 74103
John William Gibson director 100 WEST FIFTH STREET, TULSA OK 74103
Arcilia Acosta director LEGACYTEXAS FINANCIAL GROUP, INC., 5851 LEGACY CIRCLE, PLANO TX 75024
Robert B Evans director 100 COLLEGE STREET, MINDEN LA 71055
Douglas H Yaeger director
Pattye L Moore director 100 WEST FIFTH STREET, TULSA OK 74103
Mark A. Bender officer: See Remarks 15 EAST 5TH ST., 34TH FLOOR, TULSA OK 74103
Caron A Lawhorn officer: See Remarks 100 WEST FIFTH STREET, TULSA OK 74103