Industry ยท Oct 2026
Regulated Gas stocks ranked by gap to the model's fair value
Faircurve's model values 11 regulated gas stocks. 11 of them are ranked below by the gap between the model's fair value and the last close, as of 31 Oct 2026: 1 read as Undervalued, 9 as Fairly valued and 1 as Overvalued. The median gap across the ranked names is +0.4%. The widest gaps above the price are UGI (+19.8%), NWN (+13.1%), OGS (+11.2%). The widest below it are SR (-21.5%), SWX (-10.1%), NI (-5.4%).
Valuations as of . Prices are the closes of 3 Nov 2026. The gap is the model's fair value against the price: a positive gap means the fair value is above the price. It states what the model concluded, not where the price goes next.
The ranking
| Rank | Company | Last close | Model fair value | Gap | Model verdict | Quality score | Market value |
|---|---|---|---|---|---|---|---|
| 1 | UGI UGI Corporation | $38.16 | $45.73 | +19.8% | Undervalued | 70 | $8.3B |
| 2 | NWN Northwest Natural Holding Company | $50.20 | $56.78 | +13.1% | Fairly valued | 58 | $2.1B |
| 3 | OGS ONE Gas, Inc. | $81.03 | $90.09 | +11.2% | Fairly valued | 66 | $4.9B |
| 4 | NJR New Jersey Resources Corporation | $53.64 | $54.86 | +2.3% | Fairly valued | 67 | $5.4B |
| 5 | BKH Black Hills Corporation | $82.20 | $83.40 | +1.5% | Fairly valued | 60 | $6.3B |
| 6 | CPK Chesapeake Utilities Corporation | $138.05 | $138.61 | +0.4% | Fairly valued | 62 | $3.3B |
| 7 | MDU MDU Resources Group, Inc. | $19.65 | $19.32 | -1.7% | Fairly valued | 37 | $4.1B |
| 8 | ATO Atmos Energy Corporation | $173.77 | $169.20 | -2.6% | Fairly valued | 61 | $29.1B |
| 9 | NI NiSource Inc | $44.62 | $42.20 | -5.4% | Fairly valued | 50 | $21.4B |
| 10 | SWX Southwest Gas Holdings, Inc. | $93.13 | $83.74 | -10.1% | Fairly valued | 21 | $6.7B |
| 11 | SR Spire Inc. | $88.01 | $69.07 | -21.5% | Overvalued | 35 | $5.2B |
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