Southern California Gas Company PFD 6% (SOCGM)

Southern California Gas Company PFD 6% (SOCGM) — VMCI valuation read

Composite valuation read on SOCGM: VMCI 50/100 against a Energy sector median of 50. The 0-point below-median print is the headline number for Southern California Gas Company PFD 6%, and at the mid-cap tier it reflects how the five pillars combine into a single decision-grade score.

Trailing 30-day insider activity for SOCGM: nothing material on SEC EDGAR. With the Form 4 channel quiet, the price-vs-DCF gap and the trailing margin trend carry more weight in the active read.

**Investor frame.** Value, quality, risk in three lines on SOCGM: SOCGM trades at 15.0x earnings, 17% below the Energy median of 18.0x; ROIC of 13.0% sits 3.0pp above the Energy median (10.0%); net debt to EBITDA of 3.3x is the binding constraint on the bear case. EV/EBITDA at 14.0x versus 12.0x for Energy closes the value frame.

SOCGM fell 3.4% over the trailing 7 days, with a +1.0% read on a 30-day basis.