CGASY (China Resources Gas Group) EBIT: $963 Mil (TTM As of Dec. 2025)

What is China Resources Gas Group EBIT?

China Resources Gas Group CGASY 65 EBIT is $963 Mil as of Dec. 2025. GuruFocus rates CGASY with a GF Score™ of 65/100 and a GF Value™ of $37.00 (Possible Value Trap). The stock has 7 warning signs investors should review.

China Resources Gas Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $369 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $963 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Resources Gas Group's annualized ROC % for the quarter that ended in Dec. 2025 was 2.28%. China Resources Gas Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Resources Gas Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9.69%.

China Resources Gas Group (OTCPK:CGASY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

China Resources Gas Group's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	600.81 * ( 1 - 31.63% )	/	( (18029.4	+	18056.468)	/ 2 )
=	410.773797	/	18042.934
=	2.28 %

where

	Invested Capital		(Q: Jun. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	17645.178	-	2754.624	-	( 1432.397	-	max(0, 7380.991	-	4242.145	+	1432.397	))
=	18029.4

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	17531.236	-	2678.667	-	( 1130.945	-	max(0, 7026.011	-	3822.112	+	1130.945	))
=	18056.468

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

China Resources Gas Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	738.536	/	( ( (8866.248 + max(-2906.738, 0))	+	(9098.718 + max(-2919.983, 0)) )	/	2 )
=	738.536	/	( ( 8866.248	+	9098.718 )	/	2 )
=	738.536	/	8982.483
=	8.22 %

where Working Capital is:

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1348.982	+	118.243	+	661.834)	-	(2754.624	+	0	+	2281.173)
=	-2906.738

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1141.538	+	141.848	+	817.451)	-	(2678.667	+	0	+	2342.153)
=	-2919.983

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

China Resources Gas Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	962.612	/	9930.972
	=	9.69 %

* 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.

China Resources Gas Group EBIT Related Terms

China Resources Gas Group EBIT Historical Data

* Premium members only.

The historical data trend for China Resources Gas Group's EBIT can be seen below:

China Resources Gas Group EBIT Chart

China Resources Gas Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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1,483.02

1,178.18

1,261.23

1,091.75

967.78

China Resources Gas Group Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
EBIT	Get a 7-Day Free Trial															489.65	802.28	285.69	593.34	369.27

CGASY vs ATO, NI: EBIT Comparison

For the Utilities - Regulated Gas subindustry, China Resources Gas Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

China Resources Gas Group EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Resources Gas Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Resources Gas Group's EV-to-EBIT falls into.

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65GF Score

China Resources Gas Group Ltd CGASY

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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China Resources Gas Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $963 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $963 Mil mean?

China Resources Gas Group (CGASY) has a EBIT of $963 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Resources Gas Group.

Is China Resources Gas Group's EBIT too high?

China Resources Gas Group's current EBIT is $963 Mil. Overall, China Resources Gas Group has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does China Resources Gas Group's EBIT compare to ATO and NI?

China Resources Gas Group's EBIT of $963 Mil 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 EBIT for an Utilities - Regulated company?

A good EBIT depends on the Utilities - Regulated industry context. However, EBIT 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 EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Resources Gas Group. China Resources Gas Group's current EBIT is $963 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is China Resources Gas Group stock overvalued right now?

Based on GuruFocus' analysis, China Resources Gas Group (CGASY) is currently considered Possible Value Trap. The stock's GF Value™ is $37.00, compared to a current price of $21.81 — trading 41.1% below its estimated fair value. The current EBIT is $963 Mil. China Resources Gas Group'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 EBIT calculated?

EBIT is calculated from a company's financial statements. For China Resources Gas Group (CGASY), the current EBIT is $963 Mil as of Dec. 2025. 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 China Resources Gas Group (CGASY) Overvalued in 2026?

Based on GuruFocus' analysis, China Resources Gas Group stock appears to be undervalued. The current stock price of $21.81 is trading 41.1% below its estimated GF Value™ of $37.00. GuruFocus considers China Resources Gas Group to be Possible Value Trap.

Key valuation signals for CGASY:

EBIT: $963 Mil
GF Value™: $37.00 vs. price of $21.81 (41.1% below fair value)
GF Score™: 65/100 with 7 warning signs

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

China Resources Gas Group Business Description

Industry Utilities Utilities - Regulated

Comparable Companies HKSE:00384 HKSE:00956 HKSE:02688 HKSE:01083 HKSE:03633 HKSE:01600 HKSE:02886 HKSE:01940 HKSE:09908 HKSE:06661 XMAD:NTGY ATO MIL:SRG XTER:UN0 NI HKSE:00003 TSE:9531 TSE:9532 MIL:IG BOM:532155

Other Exchanges 01193:Hong Kong LGX1:Germany

Address 26 Harbour Road, Room 1901-02, China Resources Building, Wanchai, Hong Kong, HKG

Website https://www.crcgas.com

China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2025, CRG's portfolio comprised 275 city gas projects in China. The firm achieved annual gas sales volume of 40.2 billion cubic meters and has connected 62.7 million residential customers.

65GF Score

Get the complete analysis for CGASY

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

$21.81

Price

$37.00

GF Value

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