ONE Gas, Inc.
$7.73B- Market cap
- $5.02B
- Debt
- +$2.72B
- Cash
- −$9.68M
Capital structure 65% equity / 35% debt · EV / Revenue 3.00x · EV / EBITDA 17.81x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt cap
Decision snapshot: OGS stock price at premium vs WEN $79.88 current versus $38.64 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at WEN's multiple
Implied fair value · at OGS's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Premium justified
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: OGS FY 2022 (ended Dec 31, 2022) · WEN FY 2025 (ended Dec 28, 2025). Fiscal years are not aligned.
Trendline
13 fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 65% equity / 35% debt · EV / Revenue 3.00x · EV / EBITDA 17.81x
Capital structure 35% equity / 65% debt · EV / Revenue 1.85x · EV / EBITDA 9.09x
OGS carries the larger enterprise value at $7.73B against $4.02B; WEN trades on the lower EV / Revenue multiple (1.85x vs 3.00x); WEN on the lower EV / EBITDA (9.09x vs 17.81x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
ONE Gas, Inc. · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Wendy's Co · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.05x
23.77x
Net debt / EBITDA
Leverage against operating earnings
6.24x
5.63x
Cash and equivalents
Liquid reserves on the balance sheet
$9.68M
$300.83M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
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