PetroChina Company Limited (0857) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of PetroChina Company Limited HK$16.00, price HK$9.52, upside +68.2%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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PetroChina Company Limited
0857 · HKClearly undervaluedStrong Fair Value upside, but quality is only moderate.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range HK$2.00 – HK$11.67 · fair‑value band HK$11.47 – HK$19.99 · the HK$9.52 price screens below the HK$16.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
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Company profile
PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally. It operates through the Oil and Gas and New Energy; Refining, Chemicals and New Materials; Sales; and Natural Gas Sales Segments.
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PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally. It operates through the Oil and Gas and New Energy; Refining, Chemicals and New Materials; Sales; and Natural Gas Sales Segments. The Oil, Gas and New Energy Resource segment engages in the exploration, development, transportation, production, and marketing of crude oil and natural gas, as well as is involved in the new energy resource business. The Refining, Chemicals and New Materials segment refines crude oil and petroleum products; and produces and markets primary petrochemical products, derivative chemical products, and other chemical products; as well as engages in new materials business. The Sales segment is involved in the marketing of refined and non-oil products, and trading business. The Natural Gas Sales segment engages in the transmission and sale of natural gas. It is also involved in the exploration, development, and production of oil sands and coalbed methane; trading of crude oil and petrochemical products; investment in refining; storage, chemical engineering, storage facilities, service station, and transportation facilities and related businesses; chemical technology development; and provision of technology transfer and technical services. The company was incorporated in 1999 and is headquartered in Beijing, the People's Republic of China. PetroChina Company Limited operates as a subsidiary of China National Petroleum Corporation.
Stock analysis
PetroChina Company Limited (0857) currently trades at HK$9.52, while our model-based Fair Value estimate is HK$16.00, implying the stock looks roughly 40.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$17.76 per share, and 23 of the 26 models we run sit above the HK$9.52 price.
Bear case: the Asset-Based group reads lowest at HK$6.79, and 3 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$11.47 (bear) to HK$19.99 (bull), the price of HK$9.52 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
PetroChina Company Limited reported revenue of 2.9T CNY in FY2025 versus 2.6T CNY in FY2021, a compound +2.3%/yr. Reported net income was 157B CNY in FY2025, compounding +14.3%/yr from FY2021.
Key figures
Market cap HK$1.7T (≈ $222B) · P/E ratio 9.5 · P/S ratio 0.52 · EPS (TTM) HK$0.8640 · Dividend yield 6.2% · Net margin 5.5% · Return on equity 9.6% · Return on assets (EBIT) 6.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 18% below its 52-week high and 38% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −13% fair-value upside, at 68%, 0857 screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 65
Revenue & earnings trend
Growth Forecast
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Recent news
- PetroChina (SEHK:857) Following LNG Canada Stake Sale Talks Looks Cheap
- PetroChina (SEHK:857) Backs LNG Canada Expansion To 28 Million Tonnes A Year
Compare PetroChina Company Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Integrated · 45 stocks
Valuation Multiplesvs Oil & Gas Integrated median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Energy sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Energy
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Integrated stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Saudi Arabian Oil Company 2222 | 25.28 SAR | 20.14 SAR | −20% |
| Exxon Mobil Corporation XOM | $162.75 | $90.40 | −44% |
| Chevron Corporation CVX | $204.38 | $92.05 | −55% |
| TotalEnergies SE TTE | €74.51 | €70.97 | −5% |
| Petróleo Brasileiro S.A PBR | $20.37 | $28.71 | +41% |
| Equinor ASA EQNR | kr 398.40 | kr 345.87 | −13% |
| China Petroleum & Chemical Corporation 600028 | ¥5.28 | ¥3.74 | −29% |
| Suncor Energy Inc SU | $67.87 | $70.17 | +3% |
| Imperial Oil Limited IMO | $122.34 | $94.61 | −23% |
| Cenovus Energy Inc CVE | $31.10 | $33.39 | +7% |
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Key figures of PetroChina Company Limited
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