| Periodo | P/B | Var. |
| 2025 | 2.02 | +16.09% |
| 2024 | 1.74 | +23.13% |
| 2023 | 1.41 | -5.26% |
| 2022 | 1.49 | +3.11% |
| 2021 | 1.45 | -16.26% |
| 2020 | 1.73 | -25.66% |
| 2019 | 2.33 | +7.78% |
| 2018 | 2.16 | -5.39% |
| 2017 | 2.28 | +2.49% |
| 2016 | 2.23 | — |
Atmos Energy Corporation is a natural gas utility company that focuses on the distribution, transmission, and storage of natural gas in the United States. Headquartered in Dallas, Texas, it operates as a fully regulated, pure-play natural gas provider serving residential, commercial, industrial, and public-sector customers across multiple states, including large markets in Texas. The company’s core activities are organized into two primary segments: Distribution, which handles regulated natural gas delivery and related sales operations to end users, and Pipeline and Storage, which manages intrastate pipeline networks, storage facilities, and transmission services. Atmos Energy plays a central role in regional energy infrastructure by supplying fuel for heating, cooking, and industrial processes, as well as supporting power generation and large-scale gas transportation. As a regulated utility, it operates under state and local oversight, emphasizing system safety, reliability, and compliance while maintaining critical natural gas infrastructure that underpins everyday energy needs in its service territories.