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National Company KazMunayGaz JSC's quarterly market cap
increased
from Dec. 2025 (₸13,251,795 Mil) to Mar. 2026 (₸19,340,788 Mil) and
increased
from Mar. 2026 (₸19,340,788 Mil) to Jun. 2026 (₸20,737,962 Mil).
National Company KazMunayGaz JSC's annual market cap
increased
from Dec. 2023 (₸7,041,389 Mil) to Dec. 2024 (₸8,920,557 Mil) and
increased
from Dec. 2024 (₸8,920,557 Mil) to Dec. 2025 (₸13,251,795 Mil).
Enterprise Value is 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 and cash equivalents. National Company KazMunayGaz JSC's Enterprise Value for Today is ₸22,802,878 Mil.
National Company KazMunayGaz JSC (XKAZ:KMGZ) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
National Company KazMunayGaz JSC Market Cap Related Terms
National Company KazMunayGaz JSC Market Cap 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.
For the Oil & Gas Refining & Marketing subindustry, National Company KazMunayGaz JSC's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Company KazMunayGaz JSC's Market Cap distribution charts can be found below:
* The bar in red indicates where National Company KazMunayGaz JSC's Market Cap falls into.
National Company KazMunayGaz JSC Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
* 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 (XKAZ:KMGZ) has a Market Cap of ₸21,695,849 Mil as of Sep. 21, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on National Company KazMunayGaz JSC and its competitors. According to the industry distribution chart, National Company KazMunayGaz JSC ranks #39 out of 1048 companies in the Oil & Gas industry, placing it in the top 3.7%.
Is National Company KazMunayGaz JSC's Market Cap too high?
National Company KazMunayGaz JSC's current Market Cap is ₸21,695,849 Mil. Based on the distribution chart, National Company KazMunayGaz JSC ranks #39 out of 1048 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. 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 Market Cap compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, National Company KazMunayGaz JSC ranks #39 out of 1048 companies for Market Cap. This places National Company KazMunayGaz JSC in the top 4% of its industry — outperforming the majority of peers. The industry median Market Cap is 232.99. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Oil & Gas company?
The median Market Cap among Oil & Gas companies is 232.99, based on 1,048 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on National Company KazMunayGaz JSC and its competitors. For the Oil & Gas industry, the median Market Cap is 232.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Company KazMunayGaz JSC's current Market Cap is ₸21,695,849 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 Market Cap is ₸21,695,849 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For National Company KazMunayGaz JSC (XKAZ:KMGZ), the current Market Cap is ₸21,695,849 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:
Market Cap: ₸21,695,849 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
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Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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