Natural Gas Transmisison & Distribution stocks: intrinsic value, ROIC & growth
5 U.S. natural gas transmisison & distribution companies with at least three years of SEC filings, ranked by size. 2 of the 5 with a current price trade below their Graham intrinsic value. The median company earned a 5.7% average return on invested capital and grew revenue 5.3% a year.
Updated October 18, 2026
5companies
2below Graham value
5.7%median 10-yr ROIC
5.3%median revenue CAGR
Most undervalued natural gas transmisison & distribution stocks
| Ticker | Company | Upside | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| OKE | Oneok | +83% | $93.31 | $171.14 | 45% below | $58.4B | 8.8% | 15.9% |
| SWX | Southwest Gas Holdings, Inc. | +41% | $87.45 | $122.95 | 29% below | $6.3B | 5.2% | 4.5% |
Highest-ROIC natural gas transmisison & distribution stocks
| Ticker | Company | 10-yr ROIC | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| OKE | Oneok | 8.8% | $93.31 | $171.14 | 45% below | $58.4B | 8.8% | 15.9% |
| CPK | CHESAPEAKE UTILITIES CORP | 7.9% | $132.18 | $131.55 | 0% above | $3.1B | 7.9% | 7.2% |
| SWX | Southwest Gas Holdings, Inc. | 5.2% | $87.45 | $122.95 | 29% below | $6.3B | 5.2% | 4.5% |
All natural gas transmisison & distribution stocks
| Ticker | Company | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|
| OKE | Oneok | $93.31 | $171.14 | 45% below | $58.4B | 8.8% | 15.9% |
| SWX | Southwest Gas Holdings, Inc. | $87.45 | $122.95 | 29% below | $6.3B | 5.2% | 4.5% |
| CPK | CHESAPEAKE UTILITIES CORP | $132.18 | $131.55 | 0% above | $3.1B | 7.9% | 7.2% |
| CTRI | Centuri Holdings, Inc. | $19.73 | $2.45 | 705% above | $1.8B | 2.2% | 1.4% |
| RGCO | RGC RESOURCES INC | $22.63 | $10.84 | 109% above | $233.3M | 5.7% | 5.3% |
Stock lists
Undervalued Stocks Below Graham Intrinsic Value
Highest ROIC Stocks (10-Year Average)
Highest Free Cash Flow Yield Stocks
Fastest-Growing Stocks by 10-Year Revenue