Oil & Natural GasNSE:ONGC +0.11%93 PEG Ratio is 0.47 as of Jul. 08, 2026, which is 68% above its 10-year median of 0.28. GuruFocus rates NSE:ONGC with a GF Score™ of 93/100 and a GF Value™ of ₹270.99 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 304 Oil & Gas companies, Oil & Natural Gas ranks better than 73.68% on this metric.
* The 5-Year EBITDA Growth Rate is the 5-year average EBITDA per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
The historical rank and industry rank for Oil & Natural Gas's PEG Ratio or its related term are showing as below:
NSE:ONGC'
s PEG Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.28 Max: 0.63
Current: 0.47
During the past 13 years, Oil & Natural Gas's highest PEG Ratio was 0.63. The lowest was 0.17. And the median was 0.28.
NSE:ONGC's PEG Ratio is ranked better than 73.68% of 304
companies
in the Oil & Gas industry
Industry Median: 0.975
vs NSE:ONGC: 0.47
Peter Lynch thinks a company with a P/E ratio equal to its growth rate is fairly valued.
Oil & Natural Gas (NSE:ONGC) PEG Ratio Explanation
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the P/E ratio divided by the growth ratio. He thinks a company with a P/E ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a P/E of 20, instead of a company growing 10% a year with a P/E of 10.
Oil & Natural Gas PEG Ratio Related Terms
Oil & Natural Gas PEG Ratio Historical Data
* Premium members only.
The historical data trend for Oil & Natural Gas's PEG Ratio 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, Oil & Natural Gas's PEG Ratio, along with its competitors' market caps and PEG 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.
Oil & Natural Gas PEG Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Oil & Natural Gas's PEG Ratio distribution charts can be found below:
* The bar in red indicates where Oil & Natural Gas's PEG Ratio 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: The 5-Year EBITDA Growth Rate is the 5-year average EBITDA per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
Oil & Natural Gas (NSE:ONGC) has a PEG Ratio of 0.47 as of Jul. 08, 2026. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on Oil & Natural Gas and its competitors. This is 68% above median its historical median of 0.28. Over the past decade, Oil & Natural Gas' PEG Ratio has ranged from 0.17 to 0.63. According to the industry distribution chart, Oil & Natural Gas ranks #80 out of 304 companies in the Oil & Gas industry, placing it in the top 26.3%.
Is Oil & Natural Gas' PEG Ratio too high?
Oil & Natural Gas' current PEG Ratio of 0.47 is 68% above median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.63. The Oil & Gas industry median PEG Ratio is 0.98. Oil & Natural Gas' value of 0.47 is 51.8% below this industry median. Based on the distribution chart, Oil & Natural Gas ranks #80 out of 304 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Oil & Natural Gas has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oil & Natural Gas' PEG Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Oil & Natural Gas ranks #80 out of 304 companies for PEG Ratio. This puts Oil & Natural Gas in the upper half of its industry. The industry median PEG Ratio is 0.98. Oil & Natural Gas' value of 0.47 is 51.8% below this benchmark. Historically, Oil & Natural Gas' own PEG Ratio has ranged from 0.17 to 0.63 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 0.98, Oil & Natural Gas 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 PEG Ratio for an Oil & Gas company?
The median PEG Ratio among Oil & Gas companies is 0.98, based on 304 companies in the industry. Companies in the top quartile (top 25%) have a PEG Ratio significantly above this median, while those in the bottom quartile fall well below. However, PEG Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Oil & Natural Gas's current PEG Ratio of 0.47 is 51.8% 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 PEG Ratio mean?
A high PEG Ratio can signal that a stock is expensive relative to its fundamentals. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on Oil & Natural Gas and its competitors. For the Oil & Gas industry, the median PEG Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oil & Natural Gas's current PEG Ratio is 0.47, which is 68% above median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oil & Natural Gas stock overvalued right now?
Based on GuruFocus' analysis, Oil & Natural Gas (NSE:ONGC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹270.99, compared to a current price of ₹244.18 — trading 9.9% below its estimated fair value. The current PEG Ratio is 0.47, which is 68% above median its 10-year median of 0.28 and 51.8% below the Oil & Gas industry median of 0.98. Oil & Natural Gas' overall GF Score™ is 93/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PEG Ratio calculated?
PEG Ratio is calculated from a company's financial statements. For Oil & Natural Gas (NSE:ONGC), the current PEG Ratio is 0.47 as of Jul. 08, 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 Oil & Natural Gas (NSE:ONGC) Overvalued in 2026?
Based on GuruFocus' analysis, Oil & Natural Gas stock appears to be undervalued.
The current stock price of ₹244.18 is trading 9.9% below its estimated GF Value™ of ₹270.99.
GuruFocus considers Oil & Natural Gas to be Modestly Undervalued.
Key valuation signals for NSE:ONGC:
PEG Ratio: 0.47 (68% above median its 10-year median of 0.28)
GF Value™: ₹270.99 vs. price of ₹244.18 (9.9% below fair value)
Industry Position: 51.8% below the Oil & Gas median (#80 of 304)
No single metric tells the full story. See the NSE:ONGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oil & Natural Gas Corp Ltd is an Indian-based company. It engaged in the exploration, development, and production of crude oil, natural gas, and value-added products. Along with its subsidiaries, the company operates in the following business segments: Refining and Marketing, which derives maximum revenue, Exploration and Production, and Petrochemicals. Geographically, the group derives maximum revenue from India, from its offshore and onshore activities, and is also involved in exploration and production activities outside India.
93GF Score
Get the complete analysis for NSE:ONGC
PEG Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:ONGC has been successfully added to your 
