Petronas Gas BhdPNAGF 77 Piotroski F-Score is 4 as of Jun. 26, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates PNAGF with a GF Score™ of 77/100 and a GF Value™ of $3.95 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 974 Oil & Gas companies, Petronas Gas Bhd ranks worse than 58.73% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Petronas Gas Bhd has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Petronas Gas Bhd's Piotroski F-Score or its related term are showing as below:
PNAGF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 9
Current: 4
During the past 13 years, the highest Piotroski F-Score of Petronas Gas Bhd was 9. The lowest was 4. And the median was 6.
Petronas Gas Bhd (OTCPK:PNAGF) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Petronas Gas Bhd Piotroski F-Score Related Terms
Petronas Gas Bhd Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Petronas Gas Bhd's Piotroski F-Score 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.
For the Oil & Gas Integrated subindustry, Petronas Gas Bhd's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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.
Petronas Gas Bhd Piotroski F-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Petronas Gas Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Petronas Gas Bhd's Piotroski F-Score falls into.
* 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Petronas Gas Bhd's current Net Income (TTM) was 412.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Petronas Gas Bhd's return on assets of this year was 0.09731929. Petronas Gas Bhd's return on assets of last year was 0.10776785.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Petronas Gas Bhd's gearing of this year was 0.12013155. Petronas Gas Bhd's gearing of last year was 0.09382033.
==> Last year is lower than this year ==> Score 0.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Petronas Gas Bhd's current ratio of this year was 1.87816828. Petronas Gas Bhd's current ratio of last year was 2.54393207.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Petronas Gas Bhd's number of shares in issue this year was 1978.732. Petronas Gas Bhd's number of shares in issue last year was 1978.732.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Petronas Gas Bhd's gross margin of this year was 0.33462527. Petronas Gas Bhd's gross margin of last year was 0.34566738.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Petronas Gas Bhd's asset turnover of this year was 0.36513957. Petronas Gas Bhd's asset turnover of last year was 0.37953118.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Petronas Gas Bhd has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Petronas Gas Bhd (PNAGF) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Petronas Gas Bhd and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Petronas Gas Bhd's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Petronas Gas Bhd ranks #572 out of 974 companies in the Oil & Gas industry, placing it in the top 58.7%.
Is Petronas Gas Bhd's Piotroski F-Score too high?
Petronas Gas Bhd's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Petronas Gas Bhd's value of 4 is 20% below this industry median. Based on the distribution chart, Petronas Gas Bhd ranks #572 out of 974 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Petronas Gas Bhd has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Petronas Gas Bhd's Piotroski F-Score compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Petronas Gas Bhd ranks #572 out of 974 companies for Piotroski F-Score. This places Petronas Gas Bhd in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Petronas Gas Bhd's value of 4 is 20% below this benchmark. Historically, Petronas Gas Bhd's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Petronas Gas Bhd 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 Piotroski F-Score for an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 974 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Petronas Gas Bhd's current Piotroski F-Score of 4 is 20% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Petronas Gas Bhd and its competitors. For the Oil & Gas industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petronas Gas Bhd's current Piotroski F-Score is 4, which is 33% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petronas Gas Bhd stock overvalued right now?
Based on GuruFocus' analysis, Petronas Gas Bhd (PNAGF) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.95, compared to a current price of $4.45 — trading 12.7% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Oil & Gas industry median of 5.00. Petronas Gas Bhd's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Petronas Gas Bhd (PNAGF), the current Piotroski F-Score is 4 as of Jun. 26, 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 Petronas Gas Bhd (PNAGF) Overvalued in 2026?
Based on GuruFocus' analysis, Petronas Gas Bhd stock appears to be overvalued.
The current stock price of $4.45 is trading 12.7% above its estimated GF Value™ of $3.95.
GuruFocus considers Petronas Gas Bhd to be Modestly Overvalued.
Key valuation signals for PNAGF:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: $3.95 vs. price of $4.45 (12.7% above fair value)
Industry Position: 20% below the Oil & Gas median (#572 of 974)
No single metric tells the full story. See the PNAGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Petronas Gas Bhd is a Malaysian gas infrastructure and utilities company, of which Malaysia's nationalized oil corporation, PETRONAS, holds a majority interest. Petronas Gas segments its primary operations into Gas Processing, Gas Transportation, Utilities, and Regasification businesses. While each of these contributes significantly to the company's total revenue, its Utilities and Gas Processing units combine to generate the majority. In Gas Processing, Petronas Gas receives processing fees under multi-year contracts by processing natural gas piped offshore for its parent company, PETRONAS. The Gas Transportation business encompasses the transmission of offshore natural gas through pipelines to customers in Malaysia and Singapore under multi-year agreements with PETRONAS.
77GF Score
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