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National Company KazMunayGaz JSC's quarterly construction in progress
declined
from Dec. 2025 (₸575,795 Mil) to Mar. 2026 (₸573,912 Mil) but then
increased
from Mar. 2026 (₸573,912 Mil) to Jun. 2026 (₸620,960 Mil).
National Company KazMunayGaz JSC's annual construction in progress
increased
from Dec. 2023 (₸513,875 Mil) to Dec. 2024 (₸710,089 Mil) but then
declined
from Dec. 2024 (₸710,089 Mil) to Dec. 2025 (₸575,795 Mil).
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
National Company KazMunayGaz JSC Construction In Progress Chart
National Company KazMunayGaz JSC Construction In Progress Calculation
It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.
What does a Construction In Progress of ₸620,960 Mil mean?
National Company KazMunayGaz JSC (XKAZ:KMGZ) has a Construction In Progress of ₸620,960 Mil as of Jun. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on National Company KazMunayGaz JSC and its competitors.
Is National Company KazMunayGaz JSC's Construction In Progress too high?
National Company KazMunayGaz JSC's current Construction In Progress is ₸620,960 Mil. Overall, National Company KazMunayGaz JSC has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Company KazMunayGaz JSC's Construction In Progress compare to MPC and VLO?
National Company KazMunayGaz JSC's Construction In Progress of ₸620,960 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Oil & Gas company?
A good Construction In Progress depends on the Oil & Gas industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on National Company KazMunayGaz JSC and its competitors. National Company KazMunayGaz JSC's current Construction In Progress is ₸620,960 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Company KazMunayGaz JSC stock overvalued right now?
Based on GuruFocus' analysis, National Company KazMunayGaz JSC (XKAZ:KMGZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₸19,777.96, compared to a current price of ₸35,560.00 — trading 79.8% above its estimated fair value. The current Construction In Progress is ₸620,960 Mil. National Company KazMunayGaz JSC's overall GF Score™ is 65/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For National Company KazMunayGaz JSC (XKAZ:KMGZ), the current Construction In Progress is ₸620,960 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is National Company KazMunayGaz JSC (XKAZ:KMGZ) Overvalued in 2026?
Based on GuruFocus' analysis, National Company KazMunayGaz JSC stock appears to be overvalued.
The current stock price of ₸35,560.00 is trading 79.8% above its estimated GF Value™ of ₸19,777.96.
GuruFocus considers National Company KazMunayGaz JSC to be Significantly Overvalued.
Key valuation signals for XKAZ:KMGZ:
Construction In Progress: ₸620,960 Mil
GF Value™: ₸19,777.96 vs. price of ₸35,560.00 (79.8% above fair value)
No single metric tells the full story. See the XKAZ:KMGZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Company KazMunayGaz JSC Group's activities comprise the exploration and production of oil and gas, transportation, refining, and marketing of hydrocarbons and petroleum products, with trading activities carried out in the Republic of Kazakhstan. The Group's activity consists of three main operating segments: exploration and production of oil and gas, oil transportation, and refining and trading of crude oil and refined products, which generates maximum revenue. It operates in the UAE, which generates maximum revenue, as well as in Kazakhstan, Romania, Switzerland, the Netherlands, and other countries.
65GF Score
Get the complete analysis for XKAZ:KMGZ
Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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