Perusahaan Gas Negara (Persero) Tbk PT (ISX:PGAS) E10: Rp143.08 (As of Mar. 2026)


ISX:PGAS Perusahaan Gas Negara (Persero) Tbk PT ISX:PGAS
95 GF Score
Price Rp1,425.00
GF Value Rp1,791.42
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Perusahaan Gas Negara (Persero) Tbk PT E10?

Perusahaan Gas Negara (Persero) Tbk PT ISX:PGAS -6.25% 95 E10 is Rp143.08 as of Mar. 2026. GuruFocus rates ISX:PGAS with a GF Score™ of 95/100 and a GF Value™ of Rp1,791.42 (Modestly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Perusahaan Gas Negara (Persero) Tbk PT's adjusted earnings per share data for the three months ended in Mar. 2026 was Rp62.639. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp143.08 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Perusahaan Gas Negara (Persero) Tbk PT's average E10 Growth Rate was -5.10% per year. During the past 3 years, the average E10 Growth Rate was -11.70% per year. During the past 5 years, the average E10 Growth Rate was -10.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Perusahaan Gas Negara (Persero) Tbk PT was -9.30% per year. The lowest was -12.10% per year. And the median was -10.70% per year.

As of today (2026-06-29), Perusahaan Gas Negara (Persero) Tbk PT's current stock price is Rp1425.00. Perusahaan Gas Negara (Persero) Tbk PT's E10 for the quarter that ended in Mar. 2026 was Rp143.08. Perusahaan Gas Negara (Persero) Tbk PT's Shiller PE Ratio of today is 9.96.

During the past 13 years, the highest Shiller PE Ratio of Perusahaan Gas Negara (Persero) Tbk PT was 16.74. The lowest was 2.39. And the median was 6.96.


Perusahaan Gas Negara (Persero) Tbk PT  (ISX:PGAS) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Perusahaan Gas Negara (Persero) Tbk PT's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1425.00/143.08
=9.96

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Perusahaan Gas Negara (Persero) Tbk PT was 16.74. The lowest was 2.39. And the median was 6.96.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Perusahaan Gas Negara (Persero) Tbk PT E10 Related Terms


Perusahaan Gas Negara (Persero) Tbk PT E10 Historical Data

* Premium members only.

The historical data trend for Perusahaan Gas Negara (Persero) Tbk PT's E10 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.

Perusahaan Gas Negara (Persero) Tbk PT E10 Chart

Perusahaan Gas Negara (Persero) Tbk PT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 226.67 207.06 177.18 153.75 142.75

Perusahaan Gas Negara (Persero) Tbk PT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 150.73 149.10 149.80 142.75 143.08

ISX:PGAS vs ATO, NI, UGI: E10 Comparison

For the Utilities - Regulated Gas subindustry, Perusahaan Gas Negara (Persero) Tbk PT's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Perusahaan Gas Negara (Persero) Tbk PT's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Perusahaan Gas Negara (Persero) Tbk PT's Shiller PE Ratio falls into.


ISX:PGAS
95GF Score
Perusahaan Gas Negara (Persero) Tbk PT ISX:PGAS
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Perusahaan Gas Negara (Persero) Tbk PT E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Perusahaan Gas Negara (Persero) Tbk PT's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=62.639/136.5387*136.5387
=62.639

Current CPI (Mar. 2026) = 136.5387.

Perusahaan Gas Negara (Persero) Tbk PT Quarterly Data

per share eps CPI Adj_EPS
201606 28.540 103.212 37.755
201609 48.454 104.142 63.527
201612 34.497 105.222 44.764
201703 53.310 106.476 68.362
201706 -25.544 107.722 -32.377
201709 26.143 108.020 33.045
201712 54.219 109.017 67.907
201803 51.717 110.097 64.138
201806 50.951 111.085 62.626
201809 39.829 111.135 48.933
201812 36.267 112.430 44.044
201903 38.146 112.829 46.162
201906 -6.505 114.730 -7.742
201909 43.688 114.905 51.914
201912 -35.567 115.486 -42.051
202003 30.064 116.252 35.310
202006 -24.089 116.630 -28.201
202009 25.242 116.397 29.610
202012 -184.250 117.318 -214.436
202103 43.252 117.840 50.115
202106 71.691 118.184 82.825
202109 52.751 118.262 60.904
202112 10.417 119.516 11.901
202203 71.744 120.948 80.992
202206 73.410 123.322 81.277
202209 41.921 125.298 45.682
202212 10.930 126.098 11.835
202303 61.228 126.953 65.851
202306 29.896 127.663 31.975
202309 33.791 128.151 36.003
202312 51.200 129.395 54.027
202403 78.528 130.607 82.094
202406 48.975 130.792 51.127
202409 44.501 130.361 46.610
202412 49.711 131.432 51.643
202503 42.819 131.948 44.309
202506 55.451 133.241 56.824
202509 62.731 133.819 64.006
202512 -15.036 135.271 -15.177
202603 62.639 136.539 62.639

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of Rp143.08 mean?
Perusahaan Gas Negara (Persero) Tbk PT (ISX:PGAS) has a E10 of Rp143.08 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Perusahaan Gas Negara (Persero) Tbk PT and its competitors.
Is Perusahaan Gas Negara (Persero) Tbk PT's E10 too high?
Perusahaan Gas Negara (Persero) Tbk PT's current E10 is Rp143.08. Overall, Perusahaan Gas Negara (Persero) Tbk PT has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Perusahaan Gas Negara (Persero) Tbk PT's E10 compare to ATO and NI?
Perusahaan Gas Negara (Persero) Tbk PT's E10 of Rp143.08 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Perusahaan Gas Negara (Persero) Tbk PT and its competitors. Perusahaan Gas Negara (Persero) Tbk PT's current E10 is Rp143.08. 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 (ISX:PGAS) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,791.42, compared to a current price of Rp1,425.00 — trading 20.5% below its estimated fair value. The current E10 is Rp143.08. Perusahaan Gas Negara (Persero) Tbk PT's overall GF Score™ is 95/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Perusahaan Gas Negara (Persero) Tbk PT (ISX:PGAS), the current E10 is Rp143.08 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 (ISX:PGAS) Overvalued in 2026?

Based on GuruFocus' analysis, Perusahaan Gas Negara (Persero) Tbk PT stock appears to be undervalued. The current stock price of Rp1,425.00 is trading 20.5% below its estimated GF Value™ of Rp1,791.42. GuruFocus considers Perusahaan Gas Negara (Persero) Tbk PT to be Modestly Undervalued.

Key valuation signals for ISX:PGAS:

  • E10: Rp143.08
  • GF Value™: Rp1,791.42 vs. price of Rp1,425.00 (20.5% below fair value)
  • GF Score™: 95/100 with 3 warning signs

No single metric tells the full story. See the ISX:PGAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Perusahaan Gas Negara (Persero) Tbk PT Business Description

Address Jalan KH. Zainul Arifin Number 20, Jakarta, IDN, 11140
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.
95GF Score

Get the complete analysis for ISX:PGAS

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp1,425.00
Price
Rp1,791.42
GF Value