PTG Energy PCL (PTG) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of PTG Energy PCL THB 14.16, price THB 8.30, upside +70.6%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 24, 2026.
How to read this chart
60‑month range 5.27 THB – 17.67 THB · fair‑value band 9.91 THB – 18.41 THB · the 8.30 THB price screens below the 14.16 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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PTG Energy Public Company Limited, together with its subsidiaries, trades in petroleum products, gas products, and supplies and equipment for oil service station, consumable products, transportation, e-money services, and renewable energy and investment business in Thailand.
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PTG Energy Public Company Limited, together with its subsidiaries, trades in petroleum products, gas products, and supplies and equipment for oil service station, consumable products, transportation, e-money services, and renewable energy and investment business in Thailand. It operates through Sales of Petroleum products; Gas Products, and Supplies and Equipment for Oil Service Stations; Sales of Consumable Products; and Transportation business segment. The company also operates convenience stores under the Max Mart brand; coffee and dessert shops under the Punthai Coffee and Coffee World names; Autobacs, a one-stop automotive service center; and Subway, as well as engages in logistics, and oil and oil lubricant business. In addition, it is involved in trading of petroleum, LPG, cosmetics, beauty products, cooking gas, food and beverage, medicines, and medicine supplies, as well as engages in the production and trading of renewable energy; venture capital investment; treatment and disposal of non-hazardous wastes by biological reduction; development of communication tools equipment in service stations; and manufacture and sale of food, bakery, pastries, and beverages. Further, the company provides service stations, car service centers, auto repair and maintenance services, membership management services, information technology management, restaurant management, transportation, construction services, and electronic money and card services, as well as fleet card and enterprise connect services. The company was formerly known as Paktai Chueplerng Company Limited. PTG Energy Public Company Limited was founded in 1988 and is headquartered in Bangkok, Thailand.
Stock analysis
PTG Energy PCL (PTG) currently trades at 8.30 THB, while our model-based Fair Value estimate is 14.16 THB, implying the stock looks roughly 41.4% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 23.16 THB per share, and 18 of the 24 models we run sit above the 8.30 THB price.
Bear case: the Dividend Discount group reads lowest at 3.20 THB, and 6 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 9.91 THB (bear) to 18.41 THB (bull), the price of 8.30 THB 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 50/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
PTG Energy PCL reported revenue of 224B THB in FY2025 versus 134B THB in FY2021, a compound +13.8%/yr. Reported net income was 1.0B THB in FY2025, compounding +0.4%/yr from FY2021.
Key figures
Market cap 13.9B THB (≈ $415M) · P/E ratio 21.8 · P/S ratio 0.10 · EPS (TTM) 0.3800 THB · Dividend yield 4.2% · Net margin 0.5% · Return on equity 7.0% · Return on assets (EBIT) 4.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 4% fair-value upside, at 71%, PTG screens cheaper than that median.
Fair Value models
Bear 9.91 THBFair Value 14.16 THBBull 18.41 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0220 THB per share) are deliberately not added.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.Evidence ⓘEvidence = 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.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.7%
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.
+7.7%
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.
+16.5%
Start year 2020 (pandemic). Over 10 years: +15.4% 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.
+21.7%
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What shareholders gained per year (last 5 years), in THB ⓘ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. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−3.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.1%
Dividend (yield on the price)4.2%
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.−8% vs 5%, 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.3% → 1%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+13.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +12.6% a year for the price and −0.1% for the forecasts.
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.Specialty Retail · 229 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+71% · Top 25%
Profitability
Return on equity (TTM)7% · Above median
Return on assets1% · Below median
Net margin (TTM)0% · Below median
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth−1% · Below median
Dividend yield (TTM)4.2% · Above median
Balance sheet
Debt / equity0.48× · Above median
Valuation Multiplesvs Specialty Retail median · lower = cheaper
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Cite: Fair Value Calculator (2026). "PTG Energy PCL Fair Value". https://www.fairvalue-calculator.com/stock/PTG
Frequently asked questions
Is PTG Energy PCL (PTG) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 14.16 THB versus a price of 8.30 THB, about +71% upside (undervalued).
What is the fair value of PTG?
Our model-based fair value for PTG Energy PCL is 14.16 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 8.30 THB.
What is the quality score of PTG?
PTG Energy PCL has a Quality Score of 50/100. 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 PTG Energy PCL (PTG)?
Our model-based price target is the fair value of 14.16 THB (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 9.91 THB, optimistic scenario 18.41 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the PTG Energy PCL stock forecast for 2026?
Our models put fair value at 14.16 THB, about +71% upside versus a price of 8.30 THB (undervalued). Cautious scenario 9.91 THB, optimistic scenario 18.41 THB. The calculation is refreshed regularly with new filings.
What is the revenue of PTG Energy PCL (PTG)?
PTG Energy PCL reported trailing-twelve-month revenue of about 224B THB (latest available figure, as of Sep 24, 2026).
Does PTG Energy PCL pay a dividend?
PTG Energy PCL currently shows a dividend yield of about 4.22% relative to its recent price (as of Sep 24, 2026).
What growth is priced into PTG Energy PCL (PTG)?
For today's price to be fair in a discounted-cash-flow model, PTG Energy PCL would have to grow free cash flow by +13.9 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of PTG use?
Our models discount PTG Energy PCL at 11.6 %: a base by market capitalisation (small), damped by beta 0.52, country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For PTG Energy PCL that is +13.9 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has PTG Energy PCL (PTG) delivered so far?
Over the past 5 years revenue at PTG Energy PCL grew +16.5 % a year. The price currently implies +13.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of PTG Energy PCL (PTG) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into PTG Energy PCL (+13.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of PTG Energy PCL (PTG)?
The free-cash-flow yield on the price is 8.24 %: that much free cash flow PTG Energy PCL produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of PTG Energy PCL (PTG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PTG Energy PCL it is 14.16 THB per share (as of Sep 24, 2026), against a price of 8.30 THB. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is PTG Energy PCL stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PTG trades below its calculated fair value: price 8.30 THB, fair value 14.16 THB, a gap of about +71% (undervalued). 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 PTG?
No. The price is what the market pays today (8.30 THB); the fair value is what the company's own numbers justify (14.16 THB). For PTG Energy PCL the two are 5.86 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is PTG Energy PCL worth?
The market values PTG Energy PCL at about 13.9B THB (market capitalisation, as of Sep 24, 2026). Per share that is 8.30 THB; our models calculate a fair value of 14.16 THB per share.
What do the bullish and bearish scenarios say about PTG?
Our models span a range for PTG Energy PCL: cautious scenario 9.91 THB, base 14.16 THB, optimistic 18.41 THB per share (as of Sep 24, 2026, price 8.30 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PTG?
PTG Energy PCL trades at a price-to-earnings ratio of 21.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 14.16 THB is built from several models across several years. Other multiples: PEG 0.4, P/B 1.4, P/S 0.1, EV/EBITDA 4.3.
What is the PEG ratio of PTG?
The PEG ratio of PTG Energy PCL is 0.40 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of PTG Energy PCL (PTG)?
Balance-sheet figures for PTG Energy PCL (as of Sep 24, 2026): return on equity 7.0%, debt of 0.48 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is PTG from its 52-week high?
PTG Energy PCL trades at 8.30 THB, about 14% below its 52-week high of 9.68 THB and 26% above the low of 6.57 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 14.16 THB is for.
Which stocks are comparable to PTG Energy PCL?
From the same area (Consumer Cyclical) we also value Alimentation Couche-Tard Inc, Casey's General Stores, Inc, Williams-Sonoma, Inc, Ulta Beauty, Inc, 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 PTG Energy PCL stock attractive at the current price?
The data as of Sep 24, 2026: price 8.30 THB, calculated fair value 14.16 THB (+71%), Quality Score 50/100, from 24 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 PTG calculated?
We run PTG Energy PCL through 24 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 14.16 THB, 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 14.0 % above its aggregate fair value. PTG Energy PCL currently trades 71 % below its own fair value, and the market average says nothing about that. 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 PTG Energy PCL (PTG)?
The closing price on Sep 24, 2026 was 8.30 THB. Our model-based fair value is 14.16 THB, about +71% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PTG Energy PCL right now?
The price is below even our cautious bear case (9.91 THB). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (9.91 THB to 18.41 THB) leaves room in how you read the outcome.
Where does the earnings growth of PTG Energy PCL (PTG) come from?
Earnings per share at PTG Energy PCL grew +3.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +15.8 %, EBIT margin −6.2 %, tax rate −0.8 %, residual (interest, one-offs) −4.1 %. 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 PTG Energy PCL
How large is the market capitalisation of PTG Energy PCL (PTG)?
The market capitalisation of PTG Energy PCL is 13.9B THB (≈ $415M). 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 PTG Energy PCL (PTG)?
The price-to-sales ratio of PTG Energy PCL is 0.10 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of PTG Energy PCL (PTG)?
Earnings per share at PTG Energy PCL are 0.3800 THB (price ÷ EPS = P/E 21.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PTG Energy PCL (PTG)?
The dividend yield of PTG Energy PCL is 4.2% (payout 92.1%). 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 PTG Energy PCL (PTG)?
The net margin of PTG Energy PCL is 0.5% (fiscal year 2025). 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 PTG Energy PCL (PTG)?
The return on equity (ROE) of PTG Energy PCL is 7.0% (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 PTG Energy PCL (PTG)?
On an EBIT basis the return on assets of PTG Energy PCL is 4.3% (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 PTG Energy PCL (PTG)?
The operating margin of PTG Energy PCL is −0.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PTG Energy PCL (PTG)?
Revenue at PTG Energy PCL is growing −1.0% versus a year earlier (3y avg +7.7%). 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 PTG Energy PCL (PTG)?
Earnings per share at PTG Energy PCL are growing +45.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does PTG Energy PCL (PTG) carry?
The net debt of PTG Energy PCL is 46.6B THB (fiscal year 2025, ≈ 40.8 yrs of FCF). 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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