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A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
PPAAF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.91 Med: 3.38 Max: 1152.49
Current: 1.91
During the past 13 years, the highest Debt-to-EBITDA Ratio of Perusahaan Gas Negara (Persero) Tbk PT was 1152.49. The lowest was 1.91. And the median was 3.38.
PPAAF's Debt-to-EBITDA is ranked better than 72.83% of 449
companies
in the Utilities - Regulated industry
Industry Median: 4.02
vs PPAAF: 1.91
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Perusahaan Gas Negara (Persero) Tbk PT Debt-to-EBITDA Related Terms
Perusahaan Gas Negara (Persero) Tbk PT Debt-to-EBITDA Historical Data
* 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.
Perusahaan Gas Negara (Persero) Tbk PT Debt-to-EBITDA Chart
Perusahaan Gas Negara (Persero) Tbk PT Annual Data
For the Utilities - Regulated Gas subindustry, Perusahaan Gas Negara (Persero) Tbk PT's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Perusahaan Gas Negara (Persero) Tbk PT Debt-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Perusahaan Gas Negara (Persero) Tbk PT's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Perusahaan Gas Negara (Persero) Tbk PT's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Perusahaan Gas Negara (Persero) Tbk PT (PPAAF) has a Debt-to-EBITDA of 1.78 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Perusahaan Gas Negara (Persero) Tbk PT. This is 47% below median its historical median of 3.38. Over the past decade, Perusahaan Gas Negara (Persero) Tbk PT's Debt-to-EBITDA has ranged from 1.91 to 1,152.49. According to the industry distribution chart, Perusahaan Gas Negara (Persero) Tbk PT ranks #122 out of 449 companies in the Utilities - Regulated industry, placing it in the top 27.2%.
Is Perusahaan Gas Negara (Persero) Tbk PT's Debt-to-EBITDA too high?
Perusahaan Gas Negara (Persero) Tbk PT's current Debt-to-EBITDA of 1.78 is 47% below median its 10-year median of 3.38. Over the past 10 years, this metric has ranged from a low of 1.91 to a high of 1,152.49. The Utilities - Regulated industry median Debt-to-EBITDA is 4.02. Perusahaan Gas Negara (Persero) Tbk PT's value of 1.78 is 55.7% below this industry median. Based on the distribution chart, Perusahaan Gas Negara (Persero) Tbk PT ranks #122 out of 449 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Perusahaan Gas Negara (Persero) Tbk PT has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Perusahaan Gas Negara (Persero) Tbk PT's Debt-to-EBITDA compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Perusahaan Gas Negara (Persero) Tbk PT ranks #122 out of 449 companies for Debt-to-EBITDA. This puts Perusahaan Gas Negara (Persero) Tbk PT in the upper half of its industry. The industry median Debt-to-EBITDA is 4.02. Perusahaan Gas Negara (Persero) Tbk PT's value of 1.78 is 55.7% below this benchmark. Historically, Perusahaan Gas Negara (Persero) Tbk PT's own Debt-to-EBITDA has ranged from 1.91 to 1,152.49 over the past decade. While the company's 10-year median is 3.38 vs. the industry median of 4.02, Perusahaan Gas Negara (Persero) Tbk PT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Utilities - Regulated company?
The median Debt-to-EBITDA among Utilities - Regulated companies is 4.02, based on 449 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Perusahaan Gas Negara (Persero) Tbk PT's current Debt-to-EBITDA of 1.78 is 55.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Perusahaan Gas Negara (Persero) Tbk PT. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Perusahaan Gas Negara (Persero) Tbk PT's current Debt-to-EBITDA is 1.78, which is 47% below median its own 10-year median of 3.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Perusahaan Gas Negara (Persero) Tbk PT stock overvalued right now?
Based on GuruFocus' analysis, Perusahaan Gas Negara (Persero) Tbk PT (PPAAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.12, compared to a current price of $0.09 — trading 25% below its estimated fair value. The current Debt-to-EBITDA is 1.78, which is 47% below median its 10-year median of 3.38 and 55.7% below the Utilities - Regulated industry median of 4.02. Perusahaan Gas Negara (Persero) Tbk PT's overall GF Score™ is 90/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Perusahaan Gas Negara (Persero) Tbk PT (PPAAF), the current Debt-to-EBITDA is 1.78 as of Mar. 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 Perusahaan Gas Negara (Persero) Tbk PT (PPAAF) Overvalued in 2026?
Based on GuruFocus' analysis, Perusahaan Gas Negara (Persero) Tbk PT stock appears to be undervalued.
The current stock price of $0.09 is trading 25% below its estimated GF Value™ of $0.12.
GuruFocus considers Perusahaan Gas Negara (Persero) Tbk PT to be Modestly Undervalued.
Key valuation signals for PPAAF:
Debt-to-EBITDA: 1.78 (47% below median its 10-year median of 3.38)
GF Value™: $0.12 vs. price of $0.09 (25% below fair value)
Industry Position: 55.7% below the Utilities - Regulated median (#122 of 449)
No single metric tells the full story. See the PPAAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Perusahaan Gas Negara (Persero) Tbk PT is an Indonesian natural gas company of which the Republic of Indonesia holds a majority stake. PGN is involved in the transmission and distribution of natural gas. The company's segments include Natural gas trading and transmission, Exploration and production of oil and gas, and Other operation.
90GF Score
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