National Company KazMunayGaz JSC (XKAZ:KMGZ) ROE % Adjusted to Book Value: 3.46% (As of Jun. 2026)

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XKAZ:KMGZ National Company KazMunayGaz JSC XKAZ:KMGZ
65 GF Score
Price ₸35,560.00
GF Value ₸19,777.96
Valuation Significantly Overvalued
! 7 Warning Signs
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What is National Company KazMunayGaz JSC ROE % Adjusted to Book Value?

National Company KazMunayGaz JSC XKAZ:KMGZ +0.03% 65 ROE % Adjusted to Book Value is 3.46% as of Jun. 2026. GuruFocus rates XKAZ:KMGZ with a GF Score™ of 65/100 and a GF Value™ of ₸19,777.96 (Significantly Overvalued). The stock has 7 warning signs investors should review.

National Company KazMunayGaz JSC's ROE % for the quarter that ended in Jun. 2026 was 5.76%. National Company KazMunayGaz JSC's PB Ratio for the quarter that ended in Jun. 2026 was 1.66. National Company KazMunayGaz JSC's ROE % Adjusted to Book Value for the quarter that ended in Jun. 2026 was 3.46%.


National Company KazMunayGaz JSC ROE % Adjusted to Book Value Related Terms


National Company KazMunayGaz JSC ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for National Company KazMunayGaz JSC's ROE % Adjusted to Book Value 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.

National Company KazMunayGaz JSC ROE % Adjusted to Book Value Chart

National Company KazMunayGaz JSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 4.95 6.25 6.75 2.00

National Company KazMunayGaz JSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
ROE % Adjusted to Book Value 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 7.02 6.64 -4.21 3.55 3.46

XKAZ:KMGZ vs MPC, VLO, PSX: ROE % Adjusted to Book Value Comparison

For the Oil & Gas Refining & Marketing subindustry, National Company KazMunayGaz JSC's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, National Company KazMunayGaz JSC's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where National Company KazMunayGaz JSC's ROE % Adjusted to Book Value falls into.


XKAZ:KMGZ
65GF Score
National Company KazMunayGaz JSC XKAZ:KMGZ
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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National Company KazMunayGaz JSC ROE % Adjusted to Book Value Calculation

National Company KazMunayGaz JSC's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=2.14% / 1.07
=2.00%

National Company KazMunayGaz JSC's ROE % Adjusted to Book Value for the quarter that ended in Jun. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=5.76% / 1.66
=3.46%

* 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.

What does a ROE % Adjusted to Book Value of 3.46% mean?
National Company KazMunayGaz JSC (XKAZ:KMGZ) has a ROE % Adjusted to Book Value of 3.46% as of Jun. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on National Company KazMunayGaz JSC and its competitors.
Is National Company KazMunayGaz JSC's ROE % Adjusted to Book Value too high?
National Company KazMunayGaz JSC's current ROE % Adjusted to Book Value is 3.46%. 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 ROE % Adjusted to Book Value compare to MPC and VLO?
National Company KazMunayGaz JSC's ROE % Adjusted to Book Value of 3.46% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Oil & Gas company?
A good ROE % Adjusted to Book Value depends on the Oil & Gas industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on National Company KazMunayGaz JSC and its competitors. National Company KazMunayGaz JSC's current ROE % Adjusted to Book Value is 3.46%. 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 ₸19,777.96, compared to a current price of ₸35,560.00 — trading 79.8% above its estimated fair value. The current ROE % Adjusted to Book Value is 3.46%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For National Company KazMunayGaz JSC (XKAZ:KMGZ), the current ROE % Adjusted to Book Value is 3.46% as of Jun. 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 79.8% above its estimated GF Value™ of ₸19,777.96. GuruFocus considers National Company KazMunayGaz JSC to be Significantly Overvalued.

Key valuation signals for XKAZ:KMGZ:

  • ROE % Adjusted to Book Value: 3.46%
  • GF Value™: ₸19,777.96 vs. price of ₸35,560.00 (79.8% above fair value)
  • GF Score™: 65/100 with 7 warning signs

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 Business Description

Industry EnergyOil & Gas
Address Kunayev street, 8, Republic of Kazakhstan D, Astana, KAZ, 010000
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

Get the complete analysis for XKAZ:KMGZ

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

₸35,560.00
Price
₸19,777.96
GF Value