Atmos Price to Book

ATO
 Stock
  

USD 118.64  0.57  0.48%   

Atmos Energy Corp fundamentals help investors to digest information that contributes to Atmos Energy's financial success or failures. It also enables traders to predict the movement of Atmos Stock. The fundamental analysis module provides a way to measure Atmos Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Atmos Energy stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
Price to Book Value is expected to rise to 1.93 this year.

Atmos Price to Book Analysis

Atmos Energy's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
 2019 2020 2021 2022 (projected)
Revenue Per Employee599.37 K727.47 K876.99 K911.35 K
Net Income Per Employee127.78 K142.09 K161.64 K174.4 K
P/B 
 = 
MV Per Share 
BV Per Share 
More About Price to Book | All Equity Analysis

Current Atmos Energy Price to Book

    
  2.12 X  
Most of Atmos Energy's fundamental indicators, such as Price to Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Atmos Energy Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Atmos Price to Book Driver Correlations

Understanding the fundamental principles of building solid financial models for Atmos Energy is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Price to Book. Since Atmos Energy's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Atmos Energy's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Atmos Energy's interrelated accounts and indicators.

Atmos Price to Book Historical Pattern

Today, most investors in Atmos Energy Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Atmos Energy's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to book growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Atmos Energy price to book as a starting point in their analysis.
   Atmos Energy Price to Book   
Share
       Timeline  
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Compare to competition

Atmos Book Value per Share

Book Value per Share

59.04

Atmos Energy Book Value per Share is quite stable at the moment as compared to the past year. The company's current value of Book Value per Share is estimated at 59.04
Based on the latest financial disclosure, the price to book indicator of Atmos Energy Corp is roughly 2.12 times. This is 65.97% lower than that of the Utilities sector and significantly higher than that of the Utilities—Regulated Gas industry. The price to book for all United States stocks is 77.71% higher than that of the company.

Atmos Price to Book Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Atmos Energy's direct or indirect competition against its Price to Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Atmos Energy could also be used in its relative valuation, which is a method of valuing Atmos Energy by comparing valuation metrics of similar companies.
Atmos Energy is currently under evaluation in price to book category among related companies.

Atmos Energy Current Valuation Drivers

We derive many important indicators used in calculating different scores of Atmos Energy from analyzing Atmos Energy's financial statements. These drivers represent accounts that assess Atmos Energy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Atmos Energy's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee130.31 K107.08 K127.78 K142.09 K161.64 K174.4 K
Revenue Per Employee673.2 K607.59 K599.37 K727.47 K876.99 K911.35 K
Average Assets11.5 B12.88 B14.83 B18.7 B21.51 B17.54 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.08 B1.15 B1.27 B1.39 B1.5 B1.21 B
Earnings Before Interest Taxes and Depreciation Amortization USD1.08 B1.14 B1.26 B1.38 B1.59 B1.4 B
Earnings before Tax611.14 M650.31 M746.8 M819.3 M942.19 M811.09 M
Average Equity4.7 B5.56 B6.42 B7.68 B8.83 B7.01 B
Enterprise Value13.74 B17.14 B16.11 B18.34 B21.09 B17.47 B
Free Cash Flow(342.93 M)(724.71 M)(897.68 M)(3.05 B)(2.75 B)(2.82 B)
Invested Capital12.86 B15.4 B18.36 B22.58 B25.97 B20.87 B
Invested Capital Average12.7 B14.71 B17.58 B22.69 B26.1 B20.75 B
Market Capitalization10.44 B13.46 B11.79 B11.54 B13.27 B11.43 B
Tangible Asset Value11.14 B12.64 B14.63 B18.88 B21.71 B17.39 B
Working Capital(1.44 B)(751.41 M)(311.14 M)(671.64 M)(604.48 M)(652.2 M)

Atmos Energy ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Atmos Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Atmos Energy's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Atmos Fundamentals

About Atmos Energy Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Atmos Energy Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Atmos Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Atmos Energy Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Price to Book Value 1.68  1.93 

Atmos Energy Investors Sentiment

The influence of Atmos Energy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Atmos. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Atmos Energy's public news can be used to forecast risks associated with investment in Atmos. The trend in average sentiment can be used to explain how an investor holding Atmos can time the market purely based on public headlines and social activities around Atmos Energy Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Atmos Energy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Atmos Energy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Atmos Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Atmos Energy.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Atmos Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Atmos Energy's short interest history, or implied volatility extrapolated from Atmos Energy options trading.

Pair Trading with Atmos Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Atmos Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Atmos Energy will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Atmos Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atmos Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Atmos Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Atmos Energy Corp to buy it.
The correlation of Atmos Energy is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atmos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atmos Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Atmos Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Atmos Energy Piotroski F Score and Atmos Energy Altman Z Score analysis. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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Is Atmos Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Atmos Energy. If investors know Atmos will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Atmos Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.38
Market Capitalization
16.8 B
Quarterly Revenue Growth YOY
0.27
Return On Assets
0.0278
Return On Equity
0.0894
The market value of Atmos Energy Corp is measured differently than its book value, which is the value of Atmos that is recorded on the company's balance sheet. Investors also form their own opinion of Atmos Energy's value that differs from its market value or its book value, called intrinsic value, which is Atmos Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Atmos Energy's market value can be influenced by many factors that don't directly affect Atmos Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Atmos Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Atmos Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atmos Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.