PPAAF (Perusahaan Gas Negara (Persero) Tbk PT) EV-to-EBIT: 4.58 (As of Aug. 08, 2026) — 38% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

PPAAF Perusahaan Gas Negara (Persero) Tbk PT PPAAF
90 GF Score
Price $0.09
GF Value $0.12
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Perusahaan Gas Negara (Persero) Tbk PT EV-to-EBIT?

Perusahaan Gas Negara (Persero) Tbk PT PPAAF +5.57% 90 EV-to-EBIT is 4.58 as of Aug. 08, 2026, which is 38% below its 10-year median of 7.42. GuruFocus rates PPAAF with a GF Score™ of 90/100 and a GF Value™ of $0.12 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 463 Utilities - Regulated companies, Perusahaan Gas Negara (Persero) Tbk PT ranks better than 90.71% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Perusahaan Gas Negara (Persero) Tbk PT's Enterprise Value is $2,610 Mil. Perusahaan Gas Negara (Persero) Tbk PT's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $570 Mil. Therefore, Perusahaan Gas Negara (Persero) Tbk PT's EV-to-EBIT for today is 4.58.

The historical rank and industry rank for Perusahaan Gas Negara (Persero) Tbk PT's EV-to-EBIT or its related term are showing as below:

PPAAF' s EV-to-EBIT Range Over the Past 10 Years
Min: 4.55   Med: 7.42   Max: 688.29
Current: 4.72

During the past 13 years, the highest EV-to-EBIT of Perusahaan Gas Negara (Persero) Tbk PT was 688.29. The lowest was 4.55. And the median was 7.42.

PPAAF's EV-to-EBIT is ranked better than
90.71% of 463 companies
in the Utilities - Regulated industry
Industry Median: 13.71 vs PPAAF: 4.72

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Perusahaan Gas Negara (Persero) Tbk PT's Enterprise Value for the quarter that ended in Mar. 2026 was $3,771 Mil. Perusahaan Gas Negara (Persero) Tbk PT's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $570 Mil. Perusahaan Gas Negara (Persero) Tbk PT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.12%.


Perusahaan Gas Negara (Persero) Tbk PT  (OTCPK:PPAAF) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

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

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=570.097/3771.06504
=15.12 %

Perusahaan Gas Negara (Persero) Tbk PT's Enterprise Value for the quarter that ended in Mar. 2026 was $3,771 Mil.
Perusahaan Gas Negara (Persero) Tbk PT's 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.


Perusahaan Gas Negara (Persero) Tbk PT EV-to-EBIT Related Terms


Perusahaan Gas Negara (Persero) Tbk PT EV-to-EBIT Historical Data

* Premium members only.

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

Perusahaan Gas Negara (Persero) Tbk PT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.21 6.27 4.69 4.85 6.25

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
EV-to-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 5.30 5.06 5.42 6.25 5.84

PPAAF vs ATO, NI, UGI: EV-to-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.


PPAAF
90GF Score
Perusahaan Gas Negara (Persero) Tbk PT PPAAF
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Perusahaan Gas Negara (Persero) Tbk PT EV-to-EBIT Calculation

Perusahaan Gas Negara (Persero) Tbk PT's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=2609.551/570.097
=4.58

Perusahaan Gas Negara (Persero) Tbk PT's current Enterprise Value is $2,610 Mil.
Perusahaan Gas Negara (Persero) Tbk PT's 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 EV-to-EBIT →
What does a EV-to-EBIT of 4.58 mean?
Perusahaan Gas Negara (Persero) Tbk PT (PPAAF) has a EV-to-EBIT of 4.58 as of Aug. 08, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Perusahaan Gas Negara (Persero) Tbk PT and its competitors. This is 38% below median its historical median of 7.42. Over the past decade, Perusahaan Gas Negara (Persero) Tbk PT's EV-to-EBIT has ranged from 4.55 to 688.29. According to the industry distribution chart, Perusahaan Gas Negara (Persero) Tbk PT ranks #43 out of 463 companies in the Utilities - Regulated industry, placing it in the top 9.3%.
Is Perusahaan Gas Negara (Persero) Tbk PT's EV-to-EBIT too high?
Perusahaan Gas Negara (Persero) Tbk PT's current EV-to-EBIT of 4.58 is 38% below median its 10-year median of 7.42. Over the past 10 years, this metric has ranged from a low of 4.55 to a high of 688.29. The Utilities - Regulated industry median EV-to-EBIT is 13.71. Perusahaan Gas Negara (Persero) Tbk PT's value of 4.58 is 66.6% below this industry median. Based on the distribution chart, Perusahaan Gas Negara (Persero) Tbk PT ranks #43 out of 463 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. 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 EV-to-EBIT compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Perusahaan Gas Negara (Persero) Tbk PT ranks #43 out of 463 companies for EV-to-EBIT. This places Perusahaan Gas Negara (Persero) Tbk PT in the top 9% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 13.71. Perusahaan Gas Negara (Persero) Tbk PT's value of 4.58 is 66.6% below this benchmark. Historically, Perusahaan Gas Negara (Persero) Tbk PT's own EV-to-EBIT has ranged from 4.55 to 688.29 over the past decade. While the company's 10-year median is 7.42 vs. the industry median of 13.71, 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 EV-to-EBIT for an Utilities - Regulated company?
The median EV-to-EBIT among Utilities - Regulated companies is 13.71, based on 463 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT 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 EV-to-EBIT of 4.58 is 66.6% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Perusahaan Gas Negara (Persero) Tbk PT and its competitors. For the Utilities - Regulated industry, the median EV-to-EBIT is 13.71 — 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 EV-to-EBIT is 4.58, which is 38% below median its own 10-year median of 7.42. 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 EV-to-EBIT is 4.58, which is 38% below median its 10-year median of 7.42 and 66.6% below the Utilities - Regulated industry median of 13.71. 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 EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Perusahaan Gas Negara (Persero) Tbk PT (PPAAF), the current EV-to-EBIT is 4.58 as of Aug. 08, 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:

  • EV-to-EBIT: 4.58 (38% below median its 10-year median of 7.42)
  • GF Value™: $0.12 vs. price of $0.09 (25% below fair value)
  • GF Score™: 90/100 with 3 warning signs
  • Industry Position: 66.6% below the Utilities - Regulated median (#43 of 463)

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 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.
90GF Score

Get the complete analysis for PPAAF

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

$0.09
Price
$0.12
GF Value