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.
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.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, TL Natural Gas Holdings's share price is HK$0.243.
TL Natural Gas Holdings's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 was HK$0.45. Hence, TL Natural Gas Holdings's PS Ratio for today is 0.54.
The historical rank and industry rank for TL Natural Gas Holdings's PS Ratio or its related term are showing as below:
HKSE:08536'
s PS Ratio Range Over the Past 10 Years
Min: 0.26 Med: 0.88 Max: 30.1
Current: 0.54
During the past 11 years, TL Natural Gas Holdings's highest PS Ratio was 30.10. The lowest was 0.26. And the median was 0.88.
HKSE:08536's PS Ratio is ranked better than 77.08% of 890
companies
in the Oil & Gas industry
Industry Median: 1.435
vs HKSE:08536: 0.54
TL Natural Gas Holdings Ltd revenue per share is in decline over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of TL Natural Gas Holdings was -19.40% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 4.20% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 8.50% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -4.90% per year.
During the past 11 years, TL Natural Gas Holdings's highest 3-Year average Revenue per Share Growth Rate was 19.60% per year. The lowest was -27.30% per year. And the median was 3.10% per year.
TL Natural Gas Holdings (HKSE:08536) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
* 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, TL Natural Gas Holdings's PS Ratio, along with its competitors' market caps and PS 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.
TL Natural Gas Holdings PS Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TL Natural Gas Holdings's PS Ratio distribution charts can be found below:
* The bar in red indicates where TL Natural Gas Holdings's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
TL Natural Gas Holdings's Share Price of today is HK$0.243.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. TL Natural Gas Holdings's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 was HK$0.45.
* 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.
It can also be calculated from the numbers for the whole company:
TL Natural Gas Holdings (HKSE:08536) has a PS Ratio of 0.54 as of Sep. 14, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on TL Natural Gas Holdings and its competitors. This is 39% below median its historical median of 0.88. Over the past decade, TL Natural Gas Holdings' PS Ratio has ranged from 0.26 to 30.10. According to the industry distribution chart, TL Natural Gas Holdings ranks #204 out of 890 companies in the Oil & Gas industry, placing it in the top 22.9%.
Is TL Natural Gas Holdings' PS Ratio too high?
TL Natural Gas Holdings' current PS Ratio of 0.54 is 39% below median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 30.10. The Oil & Gas industry median PS Ratio is 1.44. TL Natural Gas Holdings' value of 0.54 is 62.4% below this industry median. Based on the distribution chart, TL Natural Gas Holdings ranks #204 out of 890 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, TL Natural Gas Holdings has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TL Natural Gas Holdings' PS Ratio compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, TL Natural Gas Holdings ranks #204 out of 890 companies for PS Ratio. This places TL Natural Gas Holdings in the top 23% of its industry — outperforming the majority of peers. The industry median PS Ratio is 1.44. TL Natural Gas Holdings' value of 0.54 is 62.4% below this benchmark. Historically, TL Natural Gas Holdings' own PS Ratio has ranged from 0.26 to 30.10 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 1.44, TL Natural Gas Holdings 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 PS Ratio for an Oil & Gas company?
The median PS Ratio among Oil & Gas companies is 1.44, based on 890 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TL Natural Gas Holdings's current PS Ratio of 0.54 is 62.4% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on TL Natural Gas Holdings and its competitors. For the Oil & Gas industry, the median PS Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TL Natural Gas Holdings's current PS Ratio is 0.54, which is 39% below median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TL Natural Gas Holdings stock overvalued right now?
Based on GuruFocus' analysis, TL Natural Gas Holdings (HKSE:08536) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.26, compared to a current price of HK$0.24 — trading 6.5% below its estimated fair value. The current PS Ratio is 0.54, which is 39% below median its 10-year median of 0.88 and 62.4% below the Oil & Gas industry median of 1.44. TL Natural Gas Holdings' overall GF Score™ is 52/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For TL Natural Gas Holdings (HKSE:08536), the current PS Ratio is 0.54 as of Sep. 14, 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 TL Natural Gas Holdings (HKSE:08536) Overvalued in 2026?
Based on GuruFocus' analysis, TL Natural Gas Holdings stock appears to be undervalued.
The current stock price of HK$0.24 is trading 6.5% below its estimated GF Value™ of HK$0.26.
GuruFocus considers TL Natural Gas Holdings to be Fairly Valued.
Key valuation signals for HKSE:08536:
PS Ratio: 0.54 (39% below median its 10-year median of 0.88)
GF Value™: HK$0.26 vs. price of HK$0.24 (6.5% below fair value)
Industry Position: 62.4% below the Oil & Gas median (#204 of 890)
No single metric tells the full story. See the HKSE:08536 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TL Natural Gas Holdings Ltd is engaged in the sale of natural gas, including compressed natural gas and liquefied natural gas, and the provision of transmission services for natural gas. The group has two reportable segments: Sales of natural gas and Others. The Others segment includes automated car wash and fast food catering services. It generates the majority of its revenue from the Sales of natural gas segment.
52GF Score
Get the complete analysis for HKSE:08536
PS 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
HKSE:08536 has been successfully added to your 
