Societatea Nationala de Gaze Naturale Romgaz SA (SNG) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Societatea Nationala de Gaze Naturale Romgaz SA RON 5.99, price RON 15.40, upside -61.1%, quality 44 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 2.46 RON – 19.96 RON · fair‑value band 4.21 RON – 7.78 RON · the 15.40 RON price screens above the 5.99 RON 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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SNGN Romgaz SA, together with its subsidiaries, engages in the exploration, production, and supply of natural gas in Romania.
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SNGN Romgaz SA, together with its subsidiaries, engages in the exploration, production, and supply of natural gas in Romania. The company is involved in the geological research for the discovery of natural gas, crude oil, and condensed reserves; operation, production, usage, and trading of mineral resources; underground storage of natural gas; and commission, intervention, and repair of wells equipping the deposits, as well as natural gas resources extraction wells. It also engages in recompletions jobs, workover and special well operations, and production tests in natural gas wells; electricity production and supply; technological transport, integrated logistics, and technical maintenance; and petroleum blocks cooperation. The company was founded in 1909 and is headquartered in Medias, Romania.
Stock analysis
Societatea Nationala de Gaze Naturale Romgaz SA (SNG) currently trades at 15.40 RON, while our model-based Fair Value estimate is 5.99 RON, implying the stock looks roughly 157.1% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 11.07 RON per share, and 1 of the 17 models we run sit above the 15.40 RON price.
Bear case: the Dividend Discount group reads lowest at 2.33 RON, and 16 of the 17 models stay below the price. Evidence for this calculation is high.
Scenario range: 4.21 RON (bear) to 7.78 RON (bull), the price of 15.40 RON 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 44/100 (below-average 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.
Societatea Nationala de Gaze Naturale Romgaz SA reported revenue of 8.0B RON in FY2025 versus 5.9B RON in FY2021, a compound +8.2%/yr. Reported net income was 3.3B RON in FY2025, compounding +14.9%/yr from FY2021.
Key figures
Market cap 59.4B RON (≈ $12.8B) · P/E ratio 17.9 · P/S ratio 7.44 · EPS (TTM) 0.8600 RON · Dividend yield 1.0% · Net margin 41.5% · Return on equity 20.3% · Return on assets (EBIT) 22.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 23% below its 52-week high and 92% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −61%, SNG screens richer than that median.
Fair Value models
Bear 4.21 RONFair Value 5.99 RONBull 7.78 RON
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 12 months old). Earnings retained since then (0.6914 RON 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+1.2%
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.
−15.6%
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.
+14.5%
Start year 2020 (pandemic)
Revenue growth 6 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.
+7.9%
’19
’20
’21
’22
’23
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’25
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.
−22.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−23.2%
Dividend (yield on the price)1.0%
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.40% → 51%
Compare Societatea Nationala de Gaze Naturale Romgaz SA 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.Oil & Gas E&P · 306 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−61% · Bottom 25%
Profitability
Return on equity (TTM)20% · Top 25%
Return on assets10% · Top 25%
Net margin (TTM)43% · Top 25%
Operating margin (TTM)51% · Top 25%
Growth and dividend
Revenue growth−10% · Below median
Dividend yield (TTM)1.0% · Bottom 25%
Balance sheet
Debt / equity0.31× · Above median
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
P/E (TTM)17.9× · Pricier than median
P/B0.76× · Cheaper than median
P/S (TTM)1.65× · Cheaper than median
EV/EBITDA4.0× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 28
FUTURE (revenue growth)0· sector 12
PAST (return on equity)81· sector 10
HEALTH (low debt)85· sector 86
DIVIDEND (yield)20· sector 73
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). "Societatea Nationala de Gaze Naturale Romgaz SA Fair Value". https://www.fairvalue-calculator.com/stock/SNG
Frequently asked questions
Is Societatea Nationala de Gaze Naturale Romgaz SA (SNG) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 5.99 RON versus a price of 15.40 RON, about −61% upside (overvalued).
What is the fair value of SNG?
Our model-based fair value for Societatea Nationala de Gaze Naturale Romgaz SA is 5.99 RON (as of Sep 24, 2026), built from audited fundamentals. The current price: 15.40 RON.
What is the quality score of SNG?
Societatea Nationala de Gaze Naturale Romgaz SA has a Quality Score of 44/100. 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 Societatea Nationala de Gaze Naturale Romgaz SA (SNG)?
Our model-based price target is the fair value of 5.99 RON (as of Sep 24, 2026) from 17 valuation models. Cautious scenario 4.21 RON, optimistic scenario 7.78 RON. It is a calculation from audited fundamentals, not an analyst target.
What is the Societatea Nationala de Gaze Naturale Romgaz SA stock forecast for 2026?
Our models put fair value at 5.99 RON, about −61% upside versus a price of 15.40 RON (overvalued). Cautious scenario 4.21 RON, optimistic scenario 7.78 RON. The calculation is refreshed regularly with new filings.
What is the revenue of Societatea Nationala de Gaze Naturale Romgaz SA (SNG)?
Societatea Nationala de Gaze Naturale Romgaz SA reported trailing-twelve-month revenue of about 7.8B RON (latest available figure, as of Sep 24, 2026).
Does Societatea Nationala de Gaze Naturale Romgaz SA pay a dividend?
Societatea Nationala de Gaze Naturale Romgaz SA currently shows a dividend yield of about 1.02% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Societatea Nationala de Gaze Naturale Romgaz SA (SNG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Societatea Nationala de Gaze Naturale Romgaz SA it is 5.99 RON per share (as of Sep 24, 2026), against a price of 15.40 RON. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Societatea Nationala de Gaze Naturale Romgaz SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SNG trades above its calculated fair value: price 15.40 RON, fair value 5.99 RON, a gap of about −61% (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 SNG?
No. The price is what the market pays today (15.40 RON); the fair value is what the company's own numbers justify (5.99 RON). For Societatea Nationala de Gaze Naturale Romgaz SA the two are 9.41 RON per share apart. That gap is exactly why we show both numbers side by side.
How much is Societatea Nationala de Gaze Naturale Romgaz SA worth?
The market values Societatea Nationala de Gaze Naturale Romgaz SA at about 59.4B RON (market capitalisation, as of Sep 24, 2026). Per share that is 15.40 RON; our models calculate a fair value of 5.99 RON per share.
What do the bullish and bearish scenarios say about SNG?
Our models span a range for Societatea Nationala de Gaze Naturale Romgaz SA: cautious scenario 4.21 RON, base 5.99 RON, optimistic 7.78 RON per share (as of Sep 24, 2026, price 15.40 RON). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SNG?
Societatea Nationala de Gaze Naturale Romgaz SA trades at a price-to-earnings ratio of 17.9 (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 5.99 RON is built from several models across several years. Other multiples: P/B 0.8, P/S 1.6, EV/EBITDA 4.0.
How solid is the balance sheet of Societatea Nationala de Gaze Naturale Romgaz SA (SNG)?
Balance-sheet figures for Societatea Nationala de Gaze Naturale Romgaz SA (as of Sep 24, 2026): return on equity 20.3%, debt of 0.31 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is SNG from its 52-week high?
Societatea Nationala de Gaze Naturale Romgaz SA trades at 15.40 RON, about 23% below its 52-week high of 19.96 RON and 92% above the low of 8.02 RON (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 5.99 RON is for.
Which stocks are comparable to Societatea Nationala de Gaze Naturale Romgaz SA?
From the same area (Energy) we also value CNOOC Limited, ConocoPhillips explores for,, Canadian Natural Resources Limited, EOG Resources, 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 Societatea Nationala de Gaze Naturale Romgaz SA stock attractive at the current price?
The data as of Sep 24, 2026: price 15.40 RON, calculated fair value 5.99 RON (−61%), Quality Score 44/100, from 17 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 SNG calculated?
We run Societatea Nationala de Gaze Naturale Romgaz SA through 17 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 5.99 RON, 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 14.1 % above its aggregate fair value. Societatea Nationala de Gaze Naturale Romgaz SA 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 Societatea Nationala de Gaze Naturale Romgaz SA (SNG)?
The closing price on Sep 23, 2026 was 15.40 RON. Our model-based fair value is 5.99 RON, about −61% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Societatea Nationala de Gaze Naturale Romgaz SA right now?
The price sits above even our optimistic bull case (7.78 RON). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (4.21 RON to 7.78 RON) leaves room in how you read the outcome.
Key figures of Societatea Nationala de Gaze Naturale Romgaz SA
How large is the market capitalisation of Societatea Nationala de Gaze Naturale Romgaz SA (SNG)?
The market capitalisation of Societatea Nationala de Gaze Naturale Romgaz SA is 59.4B RON (≈ $12.8B). 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 Societatea Nationala de Gaze Naturale Romgaz SA (SNG)?
The price-to-sales ratio of Societatea Nationala de Gaze Naturale Romgaz SA is 7.44 (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 Societatea Nationala de Gaze Naturale Romgaz SA (SNG)?
Earnings per share at Societatea Nationala de Gaze Naturale Romgaz SA are 0.8600 RON (price ÷ EPS = P/E 17.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Societatea Nationala de Gaze Naturale Romgaz SA (SNG)?
The dividend yield of Societatea Nationala de Gaze Naturale Romgaz SA is 1.0% (payout 18.3%). 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 Societatea Nationala de Gaze Naturale Romgaz SA (SNG)?
The net margin of Societatea Nationala de Gaze Naturale Romgaz SA is 41.5% (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 Societatea Nationala de Gaze Naturale Romgaz SA (SNG)?
The return on equity (ROE) of Societatea Nationala de Gaze Naturale Romgaz SA is 20.3% (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 Societatea Nationala de Gaze Naturale Romgaz SA (SNG)?
On an EBIT basis the return on assets of Societatea Nationala de Gaze Naturale Romgaz SA is 22.2% (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 Societatea Nationala de Gaze Naturale Romgaz SA (SNG)?
The operating margin of Societatea Nationala de Gaze Naturale Romgaz SA is 50.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Societatea Nationala de Gaze Naturale Romgaz SA (SNG)?
Revenue at Societatea Nationala de Gaze Naturale Romgaz SA is growing −10.2% versus a year earlier (3y avg −15.6%). 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 Societatea Nationala de Gaze Naturale Romgaz SA (SNG)?
Earnings per share at Societatea Nationala de Gaze Naturale Romgaz SA are growing +1.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Societatea Nationala de Gaze Naturale Romgaz SA (SNG) generate?
The free cash flow of Societatea Nationala de Gaze Naturale Romgaz SA is −54.3M RON (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 Societatea Nationala de Gaze Naturale Romgaz SA (SNG) carry?
The net debt of Societatea Nationala de Gaze Naturale Romgaz SA is 4.5B RON (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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