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Perusahaan Gas Negara (Persero) Tbk PT (OTCPK:PPAAF) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Perusahaan Gas Negara (Persero) Tbk PT Forward PE Ratio Related Terms
Perusahaan Gas Negara (Persero) Tbk PT Forward PE Ratio 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.
Perusahaan Gas Negara (Persero) Tbk PT Forward PE Ratio Chart
Perusahaan Gas Negara (Persero) Tbk PT Annual Data
Trend
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
13.57
14.20
26.88
10.62
5.46
5.46
6.25
8.87
Perusahaan Gas Negara (Persero) Tbk PT Quarterly Data
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
17.01
14.22
15.38
13.57
16.92
11.75
14.20
4.76
28.25
19.12
26.88
21.32
21.41
13.76
10.62
7.60
5.52
5.46
4.74
6.02
6.03
5.46
5.06
6.56
6.49
6.25
8.50
8.08
7.02
8.87
10.00
PPAAF vs ATO, NI, UGI: Forward PE Ratio Comparison
For the Utilities - Regulated Gas subindustry, Perusahaan Gas Negara (Persero) Tbk PT's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Perusahaan Gas Negara (Persero) Tbk PT's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Perusahaan Gas Negara (Persero) Tbk PT's Forward PE Ratio falls into.
Perusahaan Gas Negara (Persero) Tbk PT Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Perusahaan Gas Negara (Persero) Tbk PT (PPAAF) has a Forward PE Ratio of 7.10 as of Jul. 23, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Perusahaan Gas Negara (Persero) Tbk PT and its competitors. According to the industry distribution chart, Perusahaan Gas Negara (Persero) Tbk PT ranks #36 out of 275 companies in the Utilities - Regulated industry, placing it in the top 13.1%.
Is Perusahaan Gas Negara (Persero) Tbk PT's Forward PE Ratio too high?
Perusahaan Gas Negara (Persero) Tbk PT's current Forward PE Ratio is 7.10. The Utilities - Regulated industry median Forward PE Ratio is 14.63. Perusahaan Gas Negara (Persero) Tbk PT's value of 7.10 is 51.5% below this industry median. Based on the distribution chart, Perusahaan Gas Negara (Persero) Tbk PT ranks #36 out of 275 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 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Perusahaan Gas Negara (Persero) Tbk PT's Forward PE Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Perusahaan Gas Negara (Persero) Tbk PT ranks #36 out of 275 companies for Forward PE Ratio. This places Perusahaan Gas Negara (Persero) Tbk PT in the top 13% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 14.63. Perusahaan Gas Negara (Persero) Tbk PT's value of 7.10 is 51.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Utilities - Regulated company?
The median Forward PE Ratio among Utilities - Regulated companies is 14.63, based on 275 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio 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 Forward PE Ratio of 7.10 is 51.5% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Perusahaan Gas Negara (Persero) Tbk PT and its competitors. For the Utilities - Regulated industry, the median Forward PE Ratio is 14.63 — 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 Forward PE Ratio is 7.10. 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 29% below its estimated fair value. The current Forward PE Ratio is 7.10 and 51.5% below the Utilities - Regulated industry median of 14.63. Perusahaan Gas Negara (Persero) Tbk PT's overall GF Score™ is 91/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Perusahaan Gas Negara (Persero) Tbk PT (PPAAF), the current Forward PE Ratio is 7.10 as of Jul. 23, 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 29% 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:
Forward PE Ratio: 7.10
GF Value™: $0.12 vs. price of $0.09 (29% below fair value)
Industry Position: 51.5% below the Utilities - Regulated median (#36 of 275)
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
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.
91GF Score
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