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Petronas Gas BhdPNAGF 82 Debt-to-Equity is 0.16 as of Mar. 2026, which is 36% below its 10-year median of 0.25. GuruFocus rates PNAGF with a GF Score™ of 82/100 and a GF Value™ of $3.92 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 807 Oil & Gas companies, Petronas Gas Bhd ranks better than 74.35% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Petronas Gas Bhd's Debt-to-Equity or its related term are showing as below:
PNAGF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.25 Max: 0.32
Current: 0.16
During the past 13 years, the highest Debt-to-Equity Ratio of Petronas Gas Bhd was 0.32. The lowest was 0.11. And the median was 0.25.
PNAGF's Debt-to-Equity is ranked better than 74.35% of 807
companies
in the Oil & Gas industry
Industry Median: 0.46
vs PNAGF: 0.16
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Petronas Gas Bhd Debt-to-Equity Related Terms
Petronas Gas Bhd Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Petronas Gas Bhd's Debt-to-Equity can be seen below:
* 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.
For the Oil & Gas Integrated subindustry, Petronas Gas Bhd's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Petronas Gas Bhd Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Petronas Gas Bhd's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Petronas Gas Bhd's Debt-to-Equity 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.
Petronas Gas Bhd (PNAGF) has a Debt-to-Equity of 0.16 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Petronas Gas Bhd and its competitors. This is 36% below median its historical median of 0.25. Over the past decade, Petronas Gas Bhd's Debt-to-Equity has ranged from 0.11 to 0.32. According to the industry distribution chart, Petronas Gas Bhd ranks #207 out of 807 companies in the Oil & Gas industry, placing it in the top 25.7%.
Is Petronas Gas Bhd's Debt-to-Equity too high?
Petronas Gas Bhd's current Debt-to-Equity of 0.16 is 36% below median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.32. The Oil & Gas industry median Debt-to-Equity is 0.46. Petronas Gas Bhd's value of 0.16 is 65.2% below this industry median. Based on the distribution chart, Petronas Gas Bhd ranks #207 out of 807 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Petronas Gas Bhd has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Petronas Gas Bhd's Debt-to-Equity compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Petronas Gas Bhd ranks #207 out of 807 companies for Debt-to-Equity. This puts Petronas Gas Bhd in the upper half of its industry. The industry median Debt-to-Equity is 0.46. Petronas Gas Bhd's value of 0.16 is 65.2% below this benchmark. Historically, Petronas Gas Bhd's own Debt-to-Equity has ranged from 0.11 to 0.32 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.46, Petronas Gas Bhd 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-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 807 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Petronas Gas Bhd's current Debt-to-Equity of 0.16 is 65.2% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Petronas Gas Bhd and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petronas Gas Bhd's current Debt-to-Equity is 0.16, which is 36% below median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petronas Gas Bhd stock overvalued right now?
Based on GuruFocus' analysis, Petronas Gas Bhd (PNAGF) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.92, compared to a current price of $4.45 — trading 13.5% above its estimated fair value. The current Debt-to-Equity is 0.16, which is 36% below median its 10-year median of 0.25 and 65.2% below the Oil & Gas industry median of 0.46. Petronas Gas Bhd's overall GF Score™ is 82/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Petronas Gas Bhd (PNAGF), the current Debt-to-Equity is 0.16 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 Petronas Gas Bhd (PNAGF) Overvalued in 2026?
Based on GuruFocus' analysis, Petronas Gas Bhd stock appears to be overvalued.
The current stock price of $4.45 is trading 13.5% above its estimated GF Value™ of $3.92.
GuruFocus considers Petronas Gas Bhd to be Modestly Overvalued.
Key valuation signals for PNAGF:
Debt-to-Equity: 0.16 (36% below median its 10-year median of 0.25)
GF Value™: $3.92 vs. price of $4.45 (13.5% above fair value)
Industry Position: 65.2% below the Oil & Gas median (#207 of 807)
No single metric tells the full story. See the PNAGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Petronas Gas Bhd is a Malaysian gas infrastructure and utilities company, of which Malaysia's nationalized oil corporation, PETRONAS, holds a majority interest. Petronas Gas segments its primary operations into Gas Processing, Gas Transportation, Utilities, and Regasification businesses. While each of these contributes significantly to the company's total revenue, its Utilities and Gas Processing units combine to generate the majority. In Gas Processing, Petronas Gas receives processing fees under multi-year contracts by processing natural gas piped offshore for its parent company, PETRONAS. The Gas Transportation business encompasses the transmission of offshore natural gas through pipelines to customers in Malaysia and Singapore under multi-year agreements with PETRONAS.
82GF Score
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