Question 1

What is Atmos Energy's P/S ratio?

Accepted Answer

Atmos Energy (ATO) P/S ratio is 5.9× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Atmos Energy?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Atmos Energy specifically, the relevant sector benchmark is the current sector median of 3.1×.

Question 5

Is Atmos Energy's P/S ratio high or low?

Accepted Answer

Atmos Energy's P/S ratio of 5.9× is above its own 5-year average of 4.5× and above the sector median of 3.1×. That places the current reading at the 89th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Atmos Energy's historical P/S ratio range?

Accepted Answer

In the available daily series, Atmos Energy (ATO) P/S ratio has ranged from a low of 0.3× in 2008 to a high of 6.5× in 2026. The 5-year average is 4.5× and the 5-year median is 4.3×.

Question 7

What was Atmos Energy's P/S ratio in 2025?

Accepted Answer

Atmos Energy (ATO) P/S ratio at the end of 2025 was 5.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Atmos Energy's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$27.14B	$4.70B	5.8×	+0.7×	Sep 30, 2025
2024	$21.21B	$4.17B	5.1×	+1.4×	Sep 30, 2024
2023	$15.75B	$4.28B	3.7×	+0.3×	Sep 30, 2023
2022	$14.35B	$4.20B	3.4×	-0.0×	Sep 30, 2022
2021	$11.79B	$3.41B	3.5×	-0.7×	Sep 30, 2021
2020	$11.86B	$2.82B	4.2×	-0.5×	Sep 30, 2020
2019	$13.59B	$2.90B	4.7×	+1.4×	Sep 30, 2019
2018	$10.38B	$3.12B	3.3×	+0.1×	Sep 30, 2018
2017	$8.96B	$2.76B	3.2×	+0.4×	Sep 30, 2017
2016	$7.80B	$2.70B	2.9×	+1.5×	Sep 30, 2016
2015	$5.95B	$4.14B	1.4×	+0.5×	Sep 30, 2015
2014	$4.83B	$4.93B	1.0×	-0.0×	Sep 30, 2014
2013	$3.86B	$3.89B	1.0×	+0.1×	Sep 30, 2013
2012	$3.19B	$3.39B	0.9×	+0.3×	Sep 30, 2012
2011	$2.93B	$4.35B	0.7×	+0.1×	Sep 30, 2011
2010	$2.63B	$4.78B	0.6×	+0.0×	Sep 30, 2010
2009	$2.60B	$4.97B	0.5×	+0.2×	Sep 30, 2009
2008	$2.41B	$7.22B	0.3×	-0.1×	Sep 30, 2008
2007	$2.57B	$5.90B	0.4×	+0.1×	Sep 30, 2007
2006	$2.36B	$6.15B	0.4×	-0.1×	Sep 30, 2006
2005	$2.27B	$4.97B	0.5×	-0.2×	Sep 30, 2005
2004	$1.90B	$2.92B	0.6×	+0.3×	Sep 30, 2004
2003	$1.23B	$3.53B	0.3×	-0.6×	Sep 30, 2003
2002	$920.11M	$950.85M	1.0×	—	Sep 30, 2002


Vistra (VST)	3.2×
Dominion Energy (D)	3.1×
PPL (PPL)	3.1×
Duke Energy (DUK)	3.1×
CenterPoint Energy (CNP)	3.0×
Artesian Resources (ARTNA)	2.9×
H2O America (HTO)	2.7×
California Water Service Group (CWT)	2.7×
CMS Energy (CMS)	2.6×
New Jersey Resources (NJR)	2.5×
Consolidated Edison (ED)	2.4×
Black Hills (BKH)	2.3×
Pinnacle West Capital (PNW)	2.2×
Exelon (EXC)	2.0×
FirstEnergy (FE)	1.9×
Eversource Energy (ES)	1.9×
Algonquin Power & Utilities (AQN)	1.9×
DTE Energy (DTE)	1.9×
Avista (AVA)	1.7×
Northwest Natural Holding (NWN)	1.7×
PG&E (PCG)	1.5×
Edison International (EIX)	1.4×
UGI (UGI)	1.1×
NRG Energy (NRG)	0.9×
AES (AES)	0.8×

P/S Ratio for Atmos Energy (ATO)

P/S Ratio daily chart for Atmos Energy (ATO)

Historical P/S Ratio for Atmos Energy (ATO) from 2002 to 2025

About P/S Ratio at Atmos Energy (ATO)

Atmos Energy P/S Ratio by Year

Atmos Energy P/S Ratio 2025: 5.8×

Atmos Energy P/S Ratio 2024: 5.1×

Atmos Energy P/S Ratio 2023: 3.7×

Atmos Energy P/S Ratio 2022: 3.4×

Atmos Energy P/S Ratio 2021: 3.5×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Atmos Energy (ATO) Key Financials

P/S Ratio daily chart for Atmos Energy (ATO)

Historical P/S Ratio for Atmos Energy (ATO) from 2002 to 2025

About P/S Ratio at Atmos Energy (ATO)

Atmos Energy P/S Ratio by Year

Atmos Energy P/S Ratio 2025: 5.8×

Atmos Energy P/S Ratio 2024: 5.1×

Atmos Energy P/S Ratio 2023: 3.7×

Atmos Energy P/S Ratio 2022: 3.4×

Atmos Energy P/S Ratio 2021: 3.5×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Atmos Energy's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Atmos Energy?

+Is Atmos Energy's P/S ratio high or low?

+What is Atmos Energy's historical P/S ratio range?

+What was Atmos Energy's P/S ratio in 2025?

+Why does Atmos Energy's P/S ratio change over time?

Atmos Energy (ATO) Key Financials