Perusahaan Gas Negara (Persero) Tbk PT (ISX:PGAS) Enterprise Value: Rp43,884,912 Mil (As of Jul. 03, 2026) ***


ISX:PGAS Perusahaan Gas Negara (Persero) Tbk PT ISX:PGAS
94 GF Score
Price Rp1,390.00
GF Value Rp1,800.50
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Perusahaan Gas Negara (Persero) Tbk PT Enterprise Value?

Perusahaan Gas Negara (Persero) Tbk PT ISX:PGAS +1.83% 94 Enterprise Value is Rp43,884,912 Mil as of Jul. 03, 2026. GuruFocus rates ISX:PGAS with a GF Score™ of 94/100 and a GF Value™ of Rp1,800.50 (Modestly Undervalued). 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, Perusahaan Gas Negara (Persero) Tbk PT's Enterprise Value is Rp43,884,912 Mil. Perusahaan Gas Negara (Persero) Tbk PT's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was Rp9,451,963 Mil. Therefore, Perusahaan Gas Negara (Persero) Tbk PT's EV-to-EBIT ratio for today is 4.64.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Perusahaan Gas Negara (Persero) Tbk PT's Enterprise Value is Rp43,884,912 Mil. Perusahaan Gas Negara (Persero) Tbk PT's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was Rp9,596,220 Mil. Therefore, Perusahaan Gas Negara (Persero) Tbk PT's EV-to-EBITDA ratio for today is 4.57.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Perusahaan Gas Negara (Persero) Tbk PT's Enterprise Value is Rp43,884,912 Mil. Perusahaan Gas Negara (Persero) Tbk PT's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was Rp65,432,049 Mil. Therefore, Perusahaan Gas Negara (Persero) Tbk PT's EV-to-Revenue ratio for today is 0.67.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Perusahaan Gas Negara (Persero) Tbk PT's Enterprise Value is Rp43,884,912 Mil. Perusahaan Gas Negara (Persero) Tbk PT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was Rp8,308,573 Mil. Therefore, Perusahaan Gas Negara (Persero) Tbk PT's EV-to-OCF ratio for today is 5.28.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Perusahaan Gas Negara (Persero) Tbk PT's Enterprise Value is Rp43,884,912 Mil. Perusahaan Gas Negara (Persero) Tbk PT's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was Rp5,013,222 Mil. Therefore, Perusahaan Gas Negara (Persero) Tbk PT's EV-to-FCF ratio for today is 8.75.

*** 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.


Perusahaan Gas Negara (Persero) Tbk PT  (ISX:PGAS) 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.

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=43884911.810/9451963.338
=4.64

Perusahaan Gas Negara (Persero) Tbk PT's current Enterprise Value is Rp43,884,912 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 Rp9,451,963 Mil.

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

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

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=43884911.810/9596220.075
=4.57

Perusahaan Gas Negara (Persero) Tbk PT's current Enterprise Value is Rp43,884,912 Mil.
Perusahaan Gas Negara (Persero) Tbk PT's EBITDA 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 Rp9,596,220 Mil.

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

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

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=43884911.810/65432048.771
=0.67

Perusahaan Gas Negara (Persero) Tbk PT's current Enterprise Value is Rp43,884,912 Mil.
Perusahaan Gas Negara (Persero) Tbk PT's Revenue 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 Rp65,432,049 Mil.

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

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

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=43884911.810/8308572.861
=5.28

Perusahaan Gas Negara (Persero) Tbk PT's current Enterprise Value is Rp43,884,912 Mil.
Perusahaan Gas Negara (Persero) Tbk PT's Cash Flow from Operations 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 Rp8,308,573 Mil.

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

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

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=43884911.810/5013221.533
=8.75

Perusahaan Gas Negara (Persero) Tbk PT's current Enterprise Value is Rp43,884,912 Mil.
Perusahaan Gas Negara (Persero) Tbk PT's Free Cash Flow 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 Rp5,013,222 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 Enterprise Value Related Terms


Perusahaan Gas Negara (Persero) Tbk PT Enterprise Value Historical Data

* Premium members only.

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

Perusahaan Gas Negara (Persero) Tbk PT Enterprise Value Chart

Perusahaan Gas Negara (Persero) Tbk PT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 63,906,189.77 65,803,184.34 44,757,440.57 50,299,133.99 56,825,633.42

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
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 47,893,284.77 47,645,598.52 53,234,970.36 56,825,633.42 55,216,178.00

ISX:PGAS vs ATO, NI, UGI: Enterprise Value Comparison

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


Perusahaan Gas Negara (Persero) Tbk PT Enterprise Value vs Utilities - Regulated Industry

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

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


ISX:PGAS
94GF Score
Perusahaan Gas Negara (Persero) Tbk PT ISX:PGAS
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Perusahaan Gas Negara (Persero) Tbk PT 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.

Perusahaan Gas Negara (Persero) Tbk PT's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Enterprise Value (A: Dec. 2025 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=46301280.28+0+14588077.461
+Short-Term Debt & Capital Lease Obligation+Minority Interest-Cash, Cash Equivalents, Marketable Securities
+3769745.734+14492061.609-22325531.663
=56,825,633

Perusahaan Gas Negara (Persero) Tbk PT's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

Enterprise Value (Q: Mar. 2026 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=44725582.26+0+14693409.403
+Short-Term Debt & Capital Lease Obligation+Minority Interest-Cash, Cash Equivalents, Marketable Securities
+3644178.842+15216289.424-23063281.925
=55,216,178

* 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 Rp43,884,912 Mil mean?
Perusahaan Gas Negara (Persero) Tbk PT (ISX:PGAS) has a Enterprise Value of Rp43,884,912 Mil as of Jul. 03, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Perusahaan Gas Negara (Persero) Tbk PT and its competitors.
Is Perusahaan Gas Negara (Persero) Tbk PT's Enterprise Value too high?
Perusahaan Gas Negara (Persero) Tbk PT's current Enterprise Value is Rp43,884,912 Mil. Overall, Perusahaan Gas Negara (Persero) Tbk PT has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Perusahaan Gas Negara (Persero) Tbk PT's Enterprise Value compare to ATO and NI?
Perusahaan Gas Negara (Persero) Tbk PT's Enterprise Value of Rp43,884,912 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 Perusahaan Gas Negara (Persero) Tbk PT and its competitors. Perusahaan Gas Negara (Persero) Tbk PT's current Enterprise Value is Rp43,884,912 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 (ISX:PGAS) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,800.50, compared to a current price of Rp1,390.00 — trading 22.8% below its estimated fair value. The current Enterprise Value is Rp43,884,912 Mil. Perusahaan Gas Negara (Persero) Tbk PT's overall GF Score™ is 94/100 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 Perusahaan Gas Negara (Persero) Tbk PT (ISX:PGAS), the current Enterprise Value is Rp43,884,912 Mil as of Jul. 03, 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 Rp1,390.00 is trading 22.8% below its estimated GF Value™ of Rp1,800.50. GuruFocus considers Perusahaan Gas Negara (Persero) Tbk PT to be Modestly Undervalued.

Key valuation signals for ISX:PGAS:

  • Enterprise Value: Rp43,884,912 Mil
  • GF Value™: Rp1,800.50 vs. price of Rp1,390.00 (22.8% below fair value)
  • GF Score™: 94/100 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.
94GF Score

Get the complete analysis for ISX:PGAS

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

Rp1,390.00
Price
Rp1,800.50
GF Value