PNAGF (Petronas Gas Bhd) ROCE %: 13.44% (As of Mar. 2026)


PNAGF Petronas Gas Bhd PNAGF
77 GF Score
Price $4.45
GF Value $3.95
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Petronas Gas Bhd ROCE %?

Petronas Gas Bhd PNAGF 77 ROCE % is 13.44% as of Mar. 2026. GuruFocus rates PNAGF with a GF Score™ of 77/100 and a GF Value™ of $3.95 (Modestly Overvalued). The stock has 5 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Petronas Gas Bhd's annualized ROCE % for the quarter that ended in Mar. 2026 was 13.44%.

Petronas Gas Bhd  (OTCPK:PNAGF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Petronas Gas Bhd ROCE % Related Terms

Petronas Gas Bhd ROCE % Historical Data

* Premium members only.

The historical data trend for Petronas Gas Bhd's ROCE % 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.

Petronas Gas Bhd ROCE % Chart

Petronas Gas Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.69 13.22 13.85 14.66 14.59

Petronas Gas Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 14.67 14.47 14.25 12.62 13.44
PNAGF
77GF Score
Petronas Gas Bhd PNAGF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Petronas Gas Bhd ROCE % Calculation

Petronas Gas Bhd's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=593.799/( ( (4207.061 - 341.022) + (4846.562 - 572.658) )/ 2 )
=593.799/( (3866.039+4273.904)/ 2 )
=593.799/4069.9715
=14.59 %

Petronas Gas Bhd's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=598.916/( ( (4846.562 - 572.658) + (4972.697 - 334.527) )/ 2 )
=598.916/( ( 4273.904 + 4638.17 )/ 2 )
=598.916/4456.037
=13.44 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 13.44% mean?
Petronas Gas Bhd (PNAGF) has a ROCE % of 13.44% as of Mar. 2026.
Is Petronas Gas Bhd's ROCE % too high?
Petronas Gas Bhd's current ROCE % is 13.44%. The Oil & Gas industry median ROCE % is 6.79. Petronas Gas Bhd's value of 13.44% is 97.9% above this industry median. Overall, Petronas Gas Bhd has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Petronas Gas Bhd's ROCE % compare to XOM and CVX?
Petronas Gas Bhd's ROCE % of 13.44% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Petronas Gas Bhd's value of 13.44% is 97.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Petronas Gas Bhd's current ROCE % of 13.44% is 97.9% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petronas Gas Bhd's current ROCE % is 13.44%. 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 $3.95, compared to a current price of $4.45 — trading 12.7% above its estimated fair value. The current ROCE % is 13.44% and 97.9% above the Oil & Gas industry median of 6.79. Petronas Gas Bhd's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Petronas Gas Bhd (PNAGF), the current ROCE % is 13.44% 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 12.7% above its estimated GF Value™ of $3.95. GuruFocus considers Petronas Gas Bhd to be Modestly Overvalued.

Key valuation signals for PNAGF:

  • ROCE %: 13.44%
  • GF Value™: $3.95 vs. price of $4.45 (12.7% above fair value)
  • GF Score™: 77/100 with 5 warning signs
  • Industry Position: 97.9% above the Oil & Gas median

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 Business Description

Industry EnergyOil & Gas
Other Exchanges 6033:Malaysia
Address PETRONAS Twin Towers, Level 49 & 50, Tower 1, Kuala Lumpur City Centre, Kuala Lumpur, SGR, MYS, 50088
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.
77GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.45
Price
$3.95
GF Value