Keiyo Gas Co (TSE:9539) Gross Property, Plant and Equipment: 円86,239 Mil (As of Jun. 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.

TSE:9539 Keiyo Gas Co Ltd TSE:9539
71 GF Score
Price 円1,352.00
GF Value 円964.63
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Keiyo Gas Co Gross Property, Plant and Equipment?

Keiyo Gas Co TSE:9539 -1.46% 71 Gross Property, Plant and Equipment is 円86,239 Mil as of Jun. 2026. GuruFocus rates TSE:9539 with a GF Score™ of 71/100 and a GF Value™ of 円964.63 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Keiyo Gas Co's quarterly gross PPE declined from Dec. 2025 (円87,262 Mil) to Mar. 2026 (円86,603 Mil) and declined from Mar. 2026 (円86,603 Mil) to Jun. 2026 (円86,239 Mil).

Keiyo Gas Co's annual gross PPE increased from Dec. 2023 (円79,901 Mil) to Dec. 2024 (円85,548 Mil) and increased from Dec. 2024 (円85,548 Mil) to Dec. 2025 (円87,262 Mil).


Keiyo Gas Co  (TSE:9539) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Keiyo Gas Co Gross Property, Plant and Equipment Related Terms


Keiyo Gas Co Gross Property, Plant and Equipment Historical Data

* Premium members only.

The historical data trend for Keiyo Gas Co's Gross Property, Plant and Equipment 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.

Keiyo Gas Co Gross Property, Plant and Equipment Chart

Keiyo Gas Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75,326.00 77,729.00 79,901.00 85,548.00 87,262.00

Keiyo Gas Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Gross Property, Plant and Equipment 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 86,140.00 85,843.00 87,262.00 86,603.00 86,239.00
TSE:9539
71GF Score
Keiyo Gas Co Ltd TSE:9539
Gross Property, Plant and Equipment is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keiyo Gas Co Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.

What does a Gross Property, Plant and Equipment of 円86,239 Mil mean?
Keiyo Gas Co (TSE:9539) has a Gross Property, Plant and Equipment of 円86,239 Mil as of Jun. 2026. The total gross property, plant and equipment assets recorded on a company's balance sheet. View historical data on Keiyo Gas Co and its competitors.
Is Keiyo Gas Co's Gross Property, Plant and Equipment too high?
Keiyo Gas Co's current Gross Property, Plant and Equipment is 円86,239 Mil. Overall, Keiyo Gas Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keiyo Gas Co's Gross Property, Plant and Equipment compare to ATO and NI?
Keiyo Gas Co's Gross Property, Plant and Equipment of 円86,239 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 Gross Property, Plant and Equipment for an Utilities - Regulated company?
A good Gross Property, Plant and Equipment depends on the Utilities - Regulated industry context. However, Gross Property, Plant and Equipment 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 Gross Property, Plant and Equipment mean?
A high Gross Property, Plant and Equipment can signal that a stock is expensive relative to its fundamentals. The total gross property, plant and equipment assets recorded on a company's balance sheet. View historical data on Keiyo Gas Co and its competitors. Keiyo Gas Co's current Gross Property, Plant and Equipment is 円86,239 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keiyo Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Keiyo Gas Co (TSE:9539) is currently considered Significantly Overvalued. The stock's GF Value™ is 円964.63, compared to a current price of 円1,352.00 — trading 40.2% above its estimated fair value. The current Gross Property, Plant and Equipment is 円86,239 Mil. Keiyo Gas Co's overall GF Score™ is 71/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Property, Plant and Equipment calculated?
Gross Property, Plant and Equipment is calculated from a company's financial statements. For Keiyo Gas Co (TSE:9539), the current Gross Property, Plant and Equipment is 円86,239 Mil as of Jun. 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 Keiyo Gas Co (TSE:9539) Overvalued in 2026?

Based on GuruFocus' analysis, Keiyo Gas Co stock appears to be overvalued. The current stock price of 円1,352.00 is trading 40.2% above its estimated GF Value™ of 円964.63. GuruFocus considers Keiyo Gas Co to be Significantly Overvalued.

Key valuation signals for TSE:9539:

  • Gross Property, Plant and Equipment: 円86,239 Mil
  • GF Value™: 円964.63 vs. price of 円1,352.00 (40.2% above fair value)
  • GF Score™: 71/100 with 7 warning signs

No single metric tells the full story. See the TSE:9539 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keiyo Gas Co Business Description

Address 2-8-8 Minami Ichikawa, Chiba Prefecture, Ichikawa, JPN, 272-8580
Keiyo Gas Co Ltd is engaged in gas business. The company produces, process and sells gas byproducts. It is also engaged in production, sales, rental, installation, repair, maintenance and management of gas appliances, kitchen equipment, water supply, and drainage equipment, air conditioning equipment and housing equipment.
71GF Score

Get the complete analysis for TSE:9539

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

円1,352.00
Price
円964.63
GF Value