Petronas Gas BhdPNAGF 73 Return-on-Tangible-Equity is 12.56% as of Mar. 2026, which is 13% below its 10-year median of 14.48. GuruFocus rates PNAGF with a GF Score™ of 73/100 and a GF Value™ of $3.92 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 947 Oil & Gas companies, Petronas Gas Bhd ranks better than 63.67% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Petronas Gas Bhd's annualized net income for the quarter that ended in Mar. 2026 was $444 Mil. Petronas Gas Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $3,539 Mil. Therefore, Petronas Gas Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.56%.
The historical rank and industry rank for Petronas Gas Bhd's Return-on-Tangible-Equity or its related term are showing as below:
PNAGF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12 Med: 14.48 Max: 15.53
Current: 12
During the past 13 years, Petronas Gas Bhd's highest Return-on-Tangible-Equity was 15.53%. The lowest was 12.00%. And the median was 14.48%.
PNAGF's Return-on-Tangible-Equity is ranked better than 63.67% of 947
companies
in the Oil & Gas industry
Industry Median: 6.74
vs PNAGF: 12.00
Petronas Gas Bhd (OTCPK:PNAGF) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Petronas Gas Bhd Return-on-Tangible-Equity Related Terms
Petronas Gas Bhd Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Petronas Gas Bhd's Return-on-Tangible-Equity 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.
PNAGF vs XOM, CVX: Return-on-Tangible-Equity Comparison
For the Oil & Gas Integrated subindustry, Petronas Gas Bhd's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Petronas Gas Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Petronas Gas Bhd's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.56% mean?
Petronas Gas Bhd (PNAGF) has a Return-on-Tangible-Equity of 12.56% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Petronas Gas Bhd and its competitors. This is 13% below median its historical median of 14.48. Over the past decade, Petronas Gas Bhd's Return-on-Tangible-Equity has ranged from 12.00 to 15.53. According to the industry distribution chart, Petronas Gas Bhd ranks #344 out of 947 companies in the Oil & Gas industry, placing it in the top 36.3%.
Is Petronas Gas Bhd's Return-on-Tangible-Equity too high?
Petronas Gas Bhd's current Return-on-Tangible-Equity of 12.56% is 13% below median its 10-year median of 14.48. Over the past 10 years, this metric has ranged from a low of 12.00 to a high of 15.53. The Oil & Gas industry median Return-on-Tangible-Equity is 6.74. Petronas Gas Bhd's value of 12.56% is 86.4% above this industry median. Based on the distribution chart, Petronas Gas Bhd ranks #344 out of 947 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Petronas Gas Bhd has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Petronas Gas Bhd's Return-on-Tangible-Equity compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Petronas Gas Bhd ranks #344 out of 947 companies for Return-on-Tangible-Equity. This puts Petronas Gas Bhd in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.74. Petronas Gas Bhd's value of 12.56% is 86.4% above this benchmark. Historically, Petronas Gas Bhd's own Return-on-Tangible-Equity has ranged from 12.00 to 15.53 over the past decade. While the company's 10-year median is 14.48 vs. the industry median of 6.74, Petronas Gas Bhd has consistently been above 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 Return-on-Tangible-Equity for an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.74, based on 947 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Petronas Gas Bhd's current Return-on-Tangible-Equity of 12.56% is 86.4% above 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Petronas Gas Bhd and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petronas Gas Bhd's current Return-on-Tangible-Equity is 12.56%, which is 13% below median its own 10-year median of 14.48. 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 $3.92, compared to a current price of $4.45 — trading 13.5% above its estimated fair value. The current Return-on-Tangible-Equity is 12.56%, which is 13% below median its 10-year median of 14.48 and 86.4% above the Oil & Gas industry median of 6.74. Petronas Gas Bhd's overall GF Score™ is 73/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Petronas Gas Bhd (PNAGF), the current Return-on-Tangible-Equity is 12.56% as of Mar. 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 13.5% above its estimated GF Value™ of $3.92.
GuruFocus considers Petronas Gas Bhd to be Modestly Overvalued.
Key valuation signals for PNAGF:
Return-on-Tangible-Equity: 12.56% (13% below median its 10-year median of 14.48)
GF Value™: $3.92 vs. price of $4.45 (13.5% above fair value)
Industry Position: 86.4% above the Oil & Gas median (#344 of 947)
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.
73GF Score
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