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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.
*** 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.
National Company KazMunayGaz JSC (XKAZ:KMGZ) 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.
National Company KazMunayGaz JSC's EV-to-EBIT for today is
National Company KazMunayGaz JSC's current Enterprise Value is ₸22,802,878 Mil.
National Company KazMunayGaz JSC's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₸1,232,555 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
National Company KazMunayGaz JSC's EV-to-EBITDA for today is:
National Company KazMunayGaz JSC's current Enterprise Value is ₸22,802,878 Mil.
National Company KazMunayGaz JSC's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₸2,002,515 Mil.
National Company KazMunayGaz JSC's current Enterprise Value is ₸22,802,878 Mil.
National Company KazMunayGaz JSC's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₸10,438,748 Mil.
National Company KazMunayGaz JSC's current Enterprise Value is ₸22,802,878 Mil.
National Company KazMunayGaz JSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₸2,143,560 Mil.
National Company KazMunayGaz JSC's current Enterprise Value is ₸22,802,878 Mil.
National Company KazMunayGaz JSC's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₸1,315,903 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.
National Company KazMunayGaz JSC Enterprise Value Related Terms
National Company KazMunayGaz JSC Enterprise Value Historical Data
* 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.
National Company KazMunayGaz JSC Enterprise Value Chart
XKAZ:KMGZ vs MPC, VLO, PSX: Enterprise Value Comparison
For the Oil & Gas Refining & Marketing subindustry, National Company KazMunayGaz JSC'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.
National Company KazMunayGaz JSC Enterprise Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Company KazMunayGaz JSC's Enterprise Value distribution charts can be found below:
* The bar in red indicates where National Company KazMunayGaz JSC's Enterprise Value falls into.
National Company KazMunayGaz JSC 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.
* 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.
What does a Enterprise Value of ₸22,802,878 Mil mean?
National Company KazMunayGaz JSC (XKAZ:KMGZ) has a Enterprise Value of ₸22,802,878 Mil as of Sep. 21, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on National Company KazMunayGaz JSC and its competitors.
Is National Company KazMunayGaz JSC's Enterprise Value too high?
National Company KazMunayGaz JSC's current Enterprise Value is ₸22,802,878 Mil. Overall, National Company KazMunayGaz JSC has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Company KazMunayGaz JSC's Enterprise Value compare to MPC and VLO?
National Company KazMunayGaz JSC's Enterprise Value of ₸22,802,878 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Enterprise Value depends on the Oil & Gas 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 National Company KazMunayGaz JSC and its competitors. National Company KazMunayGaz JSC's current Enterprise Value is ₸22,802,878 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Company KazMunayGaz JSC stock overvalued right now?
Based on GuruFocus' analysis, National Company KazMunayGaz JSC (XKAZ:KMGZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₸18,769.37, compared to a current price of ₸35,560.00 — trading 89.5% above its estimated fair value. The current Enterprise Value is ₸22,802,878 Mil. National Company KazMunayGaz JSC'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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For National Company KazMunayGaz JSC (XKAZ:KMGZ), the current Enterprise Value is ₸22,802,878 Mil as of Sep. 21, 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 National Company KazMunayGaz JSC (XKAZ:KMGZ) Overvalued in 2026?
Based on GuruFocus' analysis, National Company KazMunayGaz JSC stock appears to be overvalued.
The current stock price of ₸35,560.00 is trading 89.5% above its estimated GF Value™ of ₸18,769.37.
GuruFocus considers National Company KazMunayGaz JSC to be Significantly Overvalued.
Key valuation signals for XKAZ:KMGZ:
Enterprise Value: ₸22,802,878 Mil
GF Value™: ₸18,769.37 vs. price of ₸35,560.00 (89.5% above fair value)
No single metric tells the full story. See the XKAZ:KMGZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Company KazMunayGaz JSC Group's activities comprise the exploration and production of oil and gas, transportation, refining, and marketing of hydrocarbons and petroleum products, with trading activities carried out in the Republic of Kazakhstan. The Group's activity consists of three main operating segments: exploration and production of oil and gas, oil transportation, and refining and trading of crude oil and refined products, which generates maximum revenue. It operates in the UAE, which generates maximum revenue, as well as in Kazakhstan, Romania, Switzerland, the Netherlands, and other countries.
65GF Score
Get the complete analysis for XKAZ:KMGZ
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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