Guizhou Gas Group Corporation Ltd Class A (600903) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of Guizhou Gas Group Corporation Ltd Class A stock ¥0.69, price ¥6.07, upside -88.6%, quality 43 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?No
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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 Oct 26, 2026.
How to read this chart
60‑month range ¥5.76 – ¥12.01 · fair‑value band ¥0.5200 – ¥0.8300 · the ¥6.07 price screens above the ¥0.6900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 26, 2026.
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Guizhou Gas Group Corporation Ltd. operates as a city gas and energy supply services provider in China.
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The company engages in the sale of gas; construction, operation, and service management of natural gas branch pipelines, urban gas transmission and distribution systems, liquefied natural gas receiving and storage supply stations, gas stations, and other facilities, as well as engineering design, construction, and maintenance.
It also purchases pipeline natural gas, liquefied natural gas, shale gas, biomass gas and other gas sources.
The company transports and distributes its products to urban residents, commercial, industrial, heating, gas stations, comprehensive energy users and other users through natural gas branch pipelines, gate stations, storage and distribution stations, transmission and distribution pipelines, and other facilities.
Guizhou Gas Group Corporation Ltd. was founded in 2003 and is based in Guiyang, China.
Stock analysis
Guizhou Gas Group Corporation Ltd Class A (600903) currently trades at ¥6.07, while our model-based Fair Value estimate is ¥0.6900, 88.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of ¥1.62 per share, and 0 of the 10 models we run sit above the ¥6.07 price.
Bear case: the Earnings-Based group reads lowest at ¥0.5000, and 10 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥0.5200 (bear) to ¥0.8300 (bull), the price of ¥6.07 sits above 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 43/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Guizhou Gas Group Corporation Ltd Class A reported revenue of 6.6B CNY in FY2025 versus 5.1B CNY in FY2021, a compound +6.9%/yr. Reported net income was 47.1M CNY in FY2025, compounding −28.1%/yr from FY2021.
Key figures
Market cap 7.1B CNY (≈ $1.1B) Small · P/E ratio 303.5 · P/S ratio 1.10 · EPS (TTM) ¥0.0200 · Dividend yield 0.4% · Net margin 0.3% · Return on equity 1.6% · Return on assets (EBIT) 2.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (medium confidence).
What moves the price
The share trades about 42% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at 0% fair-value upside, at −89%, 600903 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.1900 to ¥3.88). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥0.5200Fair Value ¥0.6900Bull¥0.8300
Price ¥6.07 · Upside -88.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.41/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−0.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.4%
Start year 2020 (pandemic). Over 10 years: +12.4% a year
Revenue growth 16 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−24.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−24.5%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−24.5% vs −2.0%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 6%
Compare Guizhou Gas Group Corporation Ltd Class A with another stock
Price, fair value, quality and upside side by side.
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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.Utilities - Regulated Gas · 106 stocks
Beats the industry median on 0/13 measures
Overall it trails its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside−88.6% · Bottom 25%
Profitability
Return on equity (12 months)1.6% · Bottom 25%
Return on assets0.9% · Bottom 25%
Net margin (12 months)0.7% · Bottom 25%
Operating margin (12 months)3.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−5.6% · Below median
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity1.23× · Highest 25%
Valuation Multiplesvs Utilities - Regulated Gas median · lower = cheaper
P/E (12 months)303.5× · Priciest 25%
P/B2.27× · Priciest 25%
P/S (12 months)2.61× · Priciest 25%
EV/EBITDA36.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 32
FUTURE (revenue growth)0· sector 17
PAST (return on equity)6· sector 34
HEALTH (low debt)39· sector 83
DIVIDEND (yield)8· sector 71
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Guizhou Gas Group Corporation Ltd Class A Fair Value". https://www.fairvalue-calculator.com/stock/600903
Frequently asked questions
Is Guizhou Gas Group Corporation Ltd Class A (600903) overvalued or undervalued?
As of Oct 26, 2026, our model estimates a fair value of ¥0.6900 versus a price of ¥6.07, about −89% upside (overvalued).
What is the fair value of 600903?
Our model-based fair value for Guizhou Gas Group Corporation Ltd Class A is ¥0.6900 (as of Oct 26, 2026), built from audited fundamentals. The current price: ¥6.07.
What is the quality score of 600903?
Guizhou Gas Group Corporation Ltd Class A has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Guizhou Gas Group Corporation Ltd Class A (600903)?
Our model-based price target is the fair value of ¥0.6900 (as of Oct 26, 2026) from 14 valuation models. Cautious scenario ¥0.5200, optimistic scenario ¥0.8300. It is a calculation from audited fundamentals, not an analyst target.
What is the Guizhou Gas Group Corporation Ltd Class A stock forecast for 2026?
Our models put fair value at ¥0.6900, about −89% upside versus a price of ¥6.07 (overvalued). Cautious scenario ¥0.5200, optimistic scenario ¥0.8300. The calculation is refreshed regularly with new filings.
What is the revenue of Guizhou Gas Group Corporation Ltd Class A (600903)?
Guizhou Gas Group Corporation Ltd Class A reported trailing-twelve-month revenue of about 6.2B CNY (latest available figure, as of Oct 26, 2026).
Does Guizhou Gas Group Corporation Ltd Class A pay a dividend?
Guizhou Gas Group Corporation Ltd Class A currently shows a dividend yield of 0.41% relative to its recent price (as of Oct 26, 2026).
What is the intrinsic value of Guizhou Gas Group Corporation Ltd Class A (600903)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Guizhou Gas Group Corporation Ltd Class A it is ¥0.6900 per share (as of Oct 26, 2026), against a price of ¥6.07. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Guizhou Gas Group Corporation Ltd Class A stock overvalued or undervalued in 2026?
As of Oct 26, 2026, 600903 trades above its calculated fair value: price ¥6.07, fair value ¥0.6900, a gap of about −89% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 600903?
No. The price is what the market pays today (¥6.07); the fair value is what the company's own numbers justify (¥0.6900). For Guizhou Gas Group Corporation Ltd Class A the two are ¥5.38 per share apart. That gap is exactly why we show both numbers side by side.
How much is Guizhou Gas Group Corporation Ltd Class A worth?
The market values Guizhou Gas Group Corporation Ltd Class A at about 7.1B CNY (market capitalisation, as of Oct 26, 2026). Per share that is ¥6.07; our models calculate a fair value of ¥0.6900 per share.
What do the bullish and bearish scenarios say about 600903?
Our models span a range for Guizhou Gas Group Corporation Ltd Class A: cautious scenario ¥0.5200, base ¥0.6900, optimistic ¥0.8300 per share (as of Oct 26, 2026, price ¥6.07). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600903?
Guizhou Gas Group Corporation Ltd Class A trades at a price-to-earnings ratio of 303.5 (as of Oct 26, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥0.6900 is built from several models across several years. Other multiples: P/B 2.3, P/S 2.6, EV/EBITDA 36.2.
How solid is the balance sheet of Guizhou Gas Group Corporation Ltd Class A (600903)?
Balance-sheet figures for Guizhou Gas Group Corporation Ltd Class A (as of Oct 26, 2026): return on equity 1.6%, debt of 1.23 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 600903 from its 52-week high?
Guizhou Gas Group Corporation Ltd Class A trades at ¥6.07, about 42% below its 52-week high of ¥10.42 and 5% above the low of ¥5.76 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥0.6900 is for.
Which stocks are comparable to Guizhou Gas Group Corporation Ltd Class A?
From the same area (Utilities) we also value Naturgy Energy Group, Atmos Energy Corporation, NiSource Inc, Uniper SE, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Guizhou Gas Group Corporation Ltd Class A stock attractive at the current price?
The data as of Oct 26, 2026: price ¥6.07, calculated fair value ¥0.6900 (−89%), Quality Score 43/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 600903 calculated?
We run Guizhou Gas Group Corporation Ltd Class A through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥0.6900, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 12.5 % above its aggregate fair value. Guizhou Gas Group Corporation Ltd Class A itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Guizhou Gas Group Corporation Ltd Class A (600903)?
The closing price on Oct 23, 2026 was ¥6.07. Our model-based fair value is ¥0.6900, about −89% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Guizhou Gas Group Corporation Ltd Class A right now?
The price sits above even our optimistic bull case (¥0.8300). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of Guizhou Gas Group Corporation Ltd Class A (600903) come from?
Earnings per share at Guizhou Gas Group Corporation Ltd Class A grew +2.1 % a year from 2013 to 2024. Broken into its drivers: revenue per share +12.1 %, EBIT margin +0.5 %, tax rate −4.1 %, residual (interest, one-offs) −5.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Guizhou Gas Group Corporation Ltd Class A
How large is the market capitalisation of Guizhou Gas Group Corporation Ltd Class A (600903)?
The market capitalisation of Guizhou Gas Group Corporation Ltd Class A is 7.1B CNY (≈ $1.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Guizhou Gas Group Corporation Ltd Class A (600903)?
The price-to-sales ratio of Guizhou Gas Group Corporation Ltd Class A is 1.10 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Guizhou Gas Group Corporation Ltd Class A (600903)?
Earnings per share at Guizhou Gas Group Corporation Ltd Class A are ¥0.0200 (price ÷ EPS = P/E 303.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Guizhou Gas Group Corporation Ltd Class A (600903)?
The dividend yield of Guizhou Gas Group Corporation Ltd Class A is 0.4% (payout 125%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Guizhou Gas Group Corporation Ltd Class A (600903)?
The net margin of Guizhou Gas Group Corporation Ltd Class A is 0.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Guizhou Gas Group Corporation Ltd Class A (600903)?
The return on equity (ROE) of Guizhou Gas Group Corporation Ltd Class A is 1.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Guizhou Gas Group Corporation Ltd Class A (600903)?
On an EBIT basis the return on assets of Guizhou Gas Group Corporation Ltd Class A is 2.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Guizhou Gas Group Corporation Ltd Class A (600903)?
The operating margin of Guizhou Gas Group Corporation Ltd Class A is 3.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Guizhou Gas Group Corporation Ltd Class A (600903)?
Revenue at Guizhou Gas Group Corporation Ltd Class A is growing −5.6% versus a year earlier (3y avg +2.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Guizhou Gas Group Corporation Ltd Class A (600903)?
Earnings per share at Guizhou Gas Group Corporation Ltd Class A are growing +50.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Guizhou Gas Group Corporation Ltd Class A (600903) generate?
The free cash flow of Guizhou Gas Group Corporation Ltd Class A is −178M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Guizhou Gas Group Corporation Ltd Class A (600903) carry?
The net debt of Guizhou Gas Group Corporation Ltd Class A is 4.6B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 26, 2026