PPAAY (Perusahaan Gas Negara (Persero) Tbk PT) EBIT: $570 Mil (TTM As of Mar. 2026)


PPAAY Perusahaan Gas Negara (Persero) Tbk PT PPAAY
87 GF Score
Price $4.10
GF Value $5.15
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Perusahaan Gas Negara (Persero) Tbk PT EBIT?

Perusahaan Gas Negara (Persero) Tbk PT PPAAY 87 EBIT is $570 Mil as of Mar. 2026. GuruFocus rates PPAAY with a GF Score™ of 87/100 and a GF Value™ of $5.15 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Perusahaan Gas Negara (Persero) Tbk PT's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $150 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $570 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Perusahaan Gas Negara (Persero) Tbk PT's annualized ROC % for the quarter that ended in Mar. 2026 was 8.86%. Perusahaan Gas Negara (Persero) Tbk PT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Perusahaan Gas Negara (Persero) Tbk PT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.40%.

Perusahaan Gas Negara (Persero) Tbk PT  (OTCPK:PPAAY) EBIT Explanation

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

Perusahaan Gas Negara (Persero) Tbk PT's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=483.056 * ( 1 - 10.59% )/( (4929.624 + 4820.53)/ 2 )
=431.9003696/4875.077
=8.86 %

where

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))
=6232.384 - 398.282 - ( 1336.288 - max(0, 1169.446 - 2073.924+1336.288))
=4929.624

Invested Capital(Q: Mar. 2026 )
=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))
=6202.334 - 334.57 - ( 1362.325 - max(0, 1040.591 - 2087.825+1362.325))
=4820.53

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Perusahaan Gas Negara (Persero) Tbk PT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=599.852/( ( (3411.191 + max(-234.554, 0)) + (3340.824 + max(-165.882, 0)) )/ 2 )
=599.852/( ( 3411.191 + 3340.824 )/ 2 )
=599.852/3376.0075
=17.77 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(398.636 + 143.258 + 167.361) - (398.282 + 0 + 545.527)
=-234.554

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(386.213 + 109.093 + 164.145) - (334.57 + 0 + 490.763)
=-165.882

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Perusahaan Gas Negara (Persero) Tbk PT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=570.097/2664.049
=21.40 %

* 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 EBIT Related Terms

Perusahaan Gas Negara (Persero) Tbk PT EBIT Historical Data

* Premium members only.

The historical data trend for Perusahaan Gas Negara (Persero) Tbk PT's EBIT 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 EBIT Chart

Perusahaan Gas Negara (Persero) Tbk PT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 618.71 672.26 614.59 646.29 543.90

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
EBIT 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 123.76 176.02 180.93 63.19 149.96

PPAAY vs ATO, NI, UGI: EBIT Comparison

For the Utilities - Regulated Gas subindustry, Perusahaan Gas Negara (Persero) Tbk PT'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.

Perusahaan Gas Negara (Persero) Tbk PT EV-to-EBIT vs Utilities - Regulated Industry

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

* The bar in red indicates where Perusahaan Gas Negara (Persero) Tbk PT's EV-to-EBIT falls into.


PPAAY
87GF Score
Perusahaan Gas Negara (Persero) Tbk PT PPAAY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Perusahaan Gas Negara (Persero) Tbk PT 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $570 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $570 Mil mean?
Perusahaan Gas Negara (Persero) Tbk PT (PPAAY) has a EBIT of $570 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Perusahaan Gas Negara (Persero) Tbk PT.
Is Perusahaan Gas Negara (Persero) Tbk PT's EBIT too high?
Perusahaan Gas Negara (Persero) Tbk PT's current EBIT is $570 Mil. Overall, Perusahaan Gas Negara (Persero) Tbk PT has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Perusahaan Gas Negara (Persero) Tbk PT's EBIT compare to ATO and NI?
Perusahaan Gas Negara (Persero) Tbk PT's EBIT of $570 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 Perusahaan Gas Negara (Persero) Tbk PT. Perusahaan Gas Negara (Persero) Tbk PT's current EBIT is $570 Mil. 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 (PPAAY) is currently considered Modestly Undervalued. The stock's GF Value™ is $5.15, compared to a current price of $4.10 — trading 20.4% below its estimated fair value. The current EBIT is $570 Mil. Perusahaan Gas Negara (Persero) Tbk PT's overall GF Score™ is 87/100 with 3 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 Perusahaan Gas Negara (Persero) Tbk PT (PPAAY), the current EBIT is $570 Mil 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 (PPAAY) Overvalued in 2026?

Based on GuruFocus' analysis, Perusahaan Gas Negara (Persero) Tbk PT stock appears to be undervalued. The current stock price of $4.10 is trading 20.4% below its estimated GF Value™ of $5.15. GuruFocus considers Perusahaan Gas Negara (Persero) Tbk PT to be Modestly Undervalued.

Key valuation signals for PPAAY:

  • EBIT: $570 Mil
  • GF Value™: $5.15 vs. price of $4.10 (20.4% below fair value)
  • GF Score™: 87/100 with 3 warning signs

No single metric tells the full story. See the PPAAY 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.
87GF Score

Get the complete analysis for PPAAY

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

$4.10
Price
$5.15
GF Value