Zhonghua Gas Holdings (HKSE:08246) Enterprise Value: HK$306.65 Mil (As of Aug. 18, 2026) ***

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.

HKSE:08246 Zhonghua Gas Holdings Ltd HKSE:08246
42 GF Score
Price HK$0.63
GF Value HK$0.59
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Zhonghua Gas Holdings Enterprise Value?

Zhonghua Gas Holdings HKSE:08246 42 Enterprise Value is HK$306.65 Mil as of Aug. 18, 2026. GuruFocus rates HKSE:08246 with a GF Score™ of 42/100 and a GF Value™ of HK$0.59 (Fairly Valued). The stock has 3 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Zhonghua Gas Holdings's Enterprise Value is HK$306.65 Mil. Zhonghua Gas Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-27.52 Mil. Therefore, Zhonghua Gas Holdings's EV-to-EBIT ratio for today is -11.14.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Zhonghua Gas Holdings's Enterprise Value is HK$306.65 Mil. Zhonghua Gas Holdings's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-27.52 Mil. Therefore, Zhonghua Gas Holdings's EV-to-EBITDA ratio for today is -11.14.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Zhonghua Gas Holdings's Enterprise Value is HK$306.65 Mil. Zhonghua Gas Holdings's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was HK$88.87 Mil. Therefore, Zhonghua Gas Holdings's EV-to-Revenue ratio for today is 3.45.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Zhonghua Gas Holdings's Enterprise Value is HK$306.65 Mil. Zhonghua Gas Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was HK$91.02 Mil. Therefore, Zhonghua Gas Holdings's EV-to-OCF ratio for today is 3.37.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Zhonghua Gas Holdings's Enterprise Value is HK$306.65 Mil. Zhonghua Gas Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was HK$86.85 Mil. Therefore, Zhonghua Gas Holdings's EV-to-FCF ratio for today is 3.53.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Zhonghua Gas Holdings  (HKSE:08246) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Zhonghua Gas Holdings's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=306.646/-27.519
=-11.14

Zhonghua Gas Holdings's current Enterprise Value is HK$306.65 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Zhonghua Gas Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-27.52 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Zhonghua Gas Holdings's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=306.646/-27.519
=-11.14

Zhonghua Gas Holdings's current Enterprise Value is HK$306.65 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Zhonghua Gas Holdings's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was HK$-27.52 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Zhonghua Gas Holdings's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=306.646/88.87
=3.45

Zhonghua Gas Holdings's current Enterprise Value is HK$306.65 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Zhonghua Gas Holdings's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was HK$88.87 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Zhonghua Gas Holdings's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=306.646/91.018
=3.37

Zhonghua Gas Holdings's current Enterprise Value is HK$306.65 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Zhonghua Gas Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was HK$91.02 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Zhonghua Gas Holdings's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=306.646/86.854
=3.53

Zhonghua Gas Holdings's current Enterprise Value is HK$306.65 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Zhonghua Gas Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was HK$86.85 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.


Zhonghua Gas Holdings Enterprise Value Related Terms


Zhonghua Gas Holdings Enterprise Value Historical Data

* Premium members only.

The historical data trend for Zhonghua Gas Holdings's Enterprise Value 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.

Zhonghua Gas Holdings Enterprise Value Chart

Zhonghua Gas Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Mar26
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 809.90 733.75 499.38 735.00 439.38

Zhonghua Gas Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Sep25 Mar26
Enterprise Value 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 499.38 742.81 735.00 362.59 439.38

HKSE:08246 vs ATO, NI: Enterprise Value Comparison

For the Utilities - Regulated Gas subindustry, Zhonghua Gas Holdings's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.


Zhonghua Gas Holdings Enterprise Value vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Zhonghua Gas Holdings's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Zhonghua Gas Holdings's Enterprise Value falls into.


HKSE:08246
42GF Score
Zhonghua Gas Holdings Ltd HKSE:08246
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhonghua Gas Holdings Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Zhonghua Gas Holdings's Enterprise Value for the fiscal year that ended in Mar. 2026 is calculated as

Zhonghua Gas Holdings's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of HK$306.65 Mil mean?
Zhonghua Gas Holdings (HKSE:08246) has a Enterprise Value of HK$306.65 Mil as of Aug. 18, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Zhonghua Gas Holdings and its competitors.
Is Zhonghua Gas Holdings' Enterprise Value too high?
Zhonghua Gas Holdings' current Enterprise Value is HK$306.65 Mil. Overall, Zhonghua Gas Holdings has a GF Score™ of 42/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhonghua Gas Holdings' Enterprise Value compare to ATO and NI?
Zhonghua Gas Holdings' Enterprise Value of HK$306.65 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 Enterprise Value for an Utilities - Regulated company?
A good Enterprise Value depends on the Utilities - Regulated industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Zhonghua Gas Holdings and its competitors. Zhonghua Gas Holdings's current Enterprise Value is HK$306.65 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhonghua Gas Holdings stock overvalued right now?
Based on GuruFocus' analysis, Zhonghua Gas Holdings (HKSE:08246) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.59, compared to a current price of HK$0.63 — trading 6.8% above its estimated fair value. The current Enterprise Value is HK$306.65 Mil. Zhonghua Gas Holdings' overall GF Score™ is 42/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Zhonghua Gas Holdings (HKSE:08246), the current Enterprise Value is HK$306.65 Mil as of Aug. 18, 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 Zhonghua Gas Holdings (HKSE:08246) Overvalued in 2026?

Based on GuruFocus' analysis, Zhonghua Gas Holdings stock appears to be overvalued. The current stock price of HK$0.63 is trading 6.8% above its estimated GF Value™ of HK$0.59. GuruFocus considers Zhonghua Gas Holdings to be Fairly Valued.

Key valuation signals for HKSE:08246:

  • Enterprise Value: HK$306.65 Mil
  • GF Value™: HK$0.59 vs. price of HK$0.63 (6.8% above fair value)
  • GF Score™: 42/100 with 3 warning signs

No single metric tells the full story. See the HKSE:08246 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhonghua Gas Holdings Business Description

Address 178 Gloucester Road, 23rd Floor, Chinachem Century Tower, Wan chai, Hong Kong, HKG
Zhonghua Gas Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the provision of diverse integrated new energy services including technological development, construction and consultancy services about heat supply and coal-to-natural gas conversion, operation of liquefied natural gas stations, coupled with the trading of new energy-related industrial products (New Energy Business); the operation of restaurants and trading of non-staple food (Catering Business) and the leasing of investment properties. The Group has two reportable operating segments, which are Energy Business and Property Investments. It derives a majority of its revenue from the energy business.
42GF Score

Get the complete analysis for HKSE:08246

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

HK$0.63
Price
HK$0.59
GF Value