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PT Perusahaan Gas Negara (Persero) Tbk, (PGAS) Fair Value & Analysis

Utilities · ID · Market cap 36.4T IDR

PP PT Perusahaan Gas Negara (Persero) Tbk, PGAS · JK
Price1,500 IDR
Fair Value2,886 IDR
Upside+92.4%
Quality59/100
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Evidence: Medium Range 2,164 IDR – 3,607 IDR

Fair value as of: Jul 17, 2026

From 25 valuation models · updated today

Fair value updated Jul 17, 2026, revised from 0.2000 IDR to 2,886 IDR (+1,442,780.0%) since Jun 24, 2026. Share price −4.2% over the past month.

Price vs Fair Value (12 months)

2,271 IDR 1,365 IDR Fair Value 2,886 IDR Jul 2025 Jul 2026

12‑month range 1,365 IDR – 2,271 IDR · fair‑value band 2,164 IDR – 3,607 IDR · the 1,500 IDR price screens below the 2,886 IDR fair value. As of Jul 17, 2026.

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Analysis

PT Perusahaan Gas Negara (Persero) Tbk, (PGAS) currently trades at 1,500 IDR, while our model-based Fair Value estimate is 2,886 IDR, implying the stock looks roughly 92.4% undervalued today. We read business quality at 59/100 (solid quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, PT Perusahaan Gas Negara (Persero) Tbk, generated revenue of 3.9B IDR at a net margin of 6.2%. Revenue declined 3.8% year over year. It earns a return on equity of 10.1%. The balance sheet holds a net cash position of 265M IDR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 2,164 IDR (bear case) to 3,607 IDR (bull case); at 1,500 IDR, the current price sits below that range. The share trades about 36% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -26% fair-value upside, at 92%, PGAS screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 3.9B IDR
Revenue growth (YoY) -3.8%
Net margin 6.2%
Return on equity 10.1%
Free cash flow 533M IDR FY2025
P/E ratio 8.3
More key figures
Operating margin 13.2%
EPS (TTM) 180.14 IDR
EPS growth (YoY) +45.8%
Net cash 265M IDR FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 17, 2026. TTM = trailing twelve months.

About the company

PT Perusahaan Gas Negara (Persero) Tbk, together with its subsidiaries, engages in the transmission and distribution of natural gas in Indonesia. It operates through three segments: Trading and Transmission, Exploration and Production of Oil and Gas, and Other Operations. The company is involved in the trading and transmission of oil and gas; processing of liquefied natural gas (LNG) to industrial, commercial and household customers; and trading of LNG and natural gas. It also engages in exploration, exploitation, and business development in oil and gas; provision of fiber optic for network services, as well as construction and maintenance services to customers and management; management and leasing buildings and equipment; and distribution of oil and natural gas. In addition, the company provides telecommunication, engineering, consultancy and services. The company was formerly known as PT Perusahaan Gas Negara Tbk and changed its name to PT Perusahaan Gas Negara (Persero) Tbk in …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Perusahaan Gas Negara (Persero) Tbk, reported revenue of 3.9B IDR in FY2025 versus 3.0B IDR in FY2021, a compound +6.6%/yr. Reported net income was 213M IDR in FY2025, compounding −8.5%/yr from FY2021.

Revenue +6.6%/yr
FY21 3.0B IDR
FY22 3.6B IDR
FY23 3.6B IDR
FY24 3.8B IDR
FY25 3.9B IDR
Net income −8.5%/yr
FY21 304M IDR
FY22 326M IDR
FY23 278M IDR
FY24 339M IDR
FY25 213M IDR

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Cite: Fair Value Calculator (2026). "PT Perusahaan Gas Negara (Persero) Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/PGAS

Similar stocks

10 more Utilities - Regulated Gas stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Naturgy Energy Group GASNY $6.50 $7.20 +11%
Atmos Energy Corporation ATO $176.20 $85.67 -51%
Snam S.p.A SRG €6.25 €4.39 -30%
Uniper SE UN0 €49.10 €14.80 -70%
NiSource Inc NI $46.63 $34.64 -26%
The Hong Kong and China Gas Company HOKCY $0.8100 $0.6500 -20%
Tokyo Gas Co TKGSF $39.85 $65.41 +64%
Osaka Gas Co OSGSY $69.87 $36.28 -48%
Italgas S.p.A ITGGF $12.23 $9.00 -26%
GAIL (India) Limited GAIL ₹168.01 ₹123.97 -26%

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Frequently asked questions

Is PT Perusahaan Gas Negara (Persero) Tbk, (PGAS) undervalued?
As of Jul 17, 2026, our model estimates a fair value of 2,886 IDR versus a price of 1,500 IDR, about +92% (undervalued). Model-based estimate, not financial advice.
What is the fair value of PGAS?
Our model-based fair value for PT Perusahaan Gas Negara (Persero) Tbk, is 2,886 IDR (as of Jul 17, 2026), built from audited fundamentals. The current price is 1,500 IDR.
What is the quality score of PGAS?
PT Perusahaan Gas Negara (Persero) Tbk, has a Quality Score of 59/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of PT Perusahaan Gas Negara (Persero) Tbk, (PGAS)?
PT Perusahaan Gas Negara (Persero) Tbk, reported trailing-twelve-month revenue of about 3.9B IDR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of PGAS?
The net profit margin of PT Perusahaan Gas Negara (Persero) Tbk, is about 6.2%, meaning it keeps roughly 6.2% of revenue as net income. Based on the latest reported figures.

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.

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