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APA Group (APA) Fair Value & Analysis

Utilities · AU · Market cap A$13.8B

AG APA Group APA · AU
PriceA$10.36
Fair ValueA$1.78
Upside-82.8%
Quality90/100
Evidence: Medium Range A$1.01 – A$3.26

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Share price +0.6% over the past month.

Price vs Fair Value (12 months)

A$11.11 A$8.07 Fair Value A$1.78 Jun 2025 Jun 2026

12‑month range A$8.07 – A$11.11 · fair‑value band A$1.01 – A$3.26 · the A$10.36 price screens above the A$1.78 fair value. As of Jun 24, 2026.

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Analysis

APA Group (APA) currently trades at A$10.36, while our model-based Fair Value estimate is A$1.78 — implying the stock looks roughly 82.8% overvalued today. We read business quality at 90/100 (high quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, APA Group generated revenue of A$3.2B at a net margin of 5.1%. Revenue declined 0.4% year over year. It earns a return on equity of 6.9%. Net debt stands at A$13.2B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) A$3.2B
Revenue growth (YoY) -0.4%
Net margin 5.1%
Return on equity 6.9%
Free cash flow A$320M FY2025
P/E ratio 86.6
More key figures
Operating margin 34.1%
EPS (TTM) A$0.1200
Dividend yield 5.6%
EPS growth (YoY) +343%
Net debt A$13.2B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

APA Group engages in the energy infrastructure business in Australia. The company operates through Energy Infrastructure, Asset Management, and Energy Investments segments. It operates gas transmission and interconnected grids, gas-fired power stations, solar and wind farms, and battery energy storage systems, as well as provides gas storage, processing, and compression facilities. It also provides asset management and operating services to its energy investments and third parties; and invests in energy infrastructure. In addition, the company engages renewables projects; project construction process, such as horizontal directional drilling construction, pipeline construction process, open-trench construction, and pipeline construction process; and bundled energy systems. Further, it engages in electricity generation. The company also has interests in approximately 15,000 kilometers of gas transmission pipelines; approximately 29,500 kilometers of gas mains and pipelines; and 1.5 mi…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

APA Group reported revenue of A$3.1B in FY2025 versus A$2.6B in FY2021, a compound +5.2%/yr. Reported net income was A$99.0M in FY2025.

Revenue +5.2%/yr
FY21 A$2.6B
FY22 A$2.7B
FY23 A$2.8B
FY24 A$3.0B
FY25 A$3.1B
Net income
FY21 −A$42.2M
FY22 A$231M
FY23 A$263M
FY24 A$978M
FY25 A$99.0M

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Similar stocks

6 more Utilities - Regulated Gas stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Naturgy Energy Group GASNY $6.36 $7.15 +12%
Atmos Energy Corporation ATO $169.27 $87.09 -49%
Snam S.p.A SRG €6.25 €4.39 -30%
Uniper SE UN0 €45.45 €33.83 -26%
NiSource Inc NI $46.61 $34.64 -26%
The Hong Kong and China Gas Company HOKCY $0.8100 $0.6500 -20%

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Frequently asked questions

Is APA Group (APA) undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$1.78 versus a price of A$10.36 — about −83% (overvalued). Model-based estimate, not financial advice.
What is the fair value of APA?
Our 21-model fair value for APA Group is A$1.78 (as of Jun 24, 2026), built from audited fundamentals. The current price is A$10.36.
What is the quality score of APA?
APA Group has a Quality Score of 90/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of APA Group (APA)?
APA Group reported trailing-twelve-month revenue of about A$3.2B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of APA?
The net profit margin of APA Group is about 5.1%, meaning it keeps roughly 5.1% of revenue as net income. Based on the latest reported figures.
Does APA Group pay a dividend?
APA Group currently shows a dividend yield of about 5.57% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.