Petronas Gas BhdPNAGF 77 ROE % 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 77/100 and a GF Value™ of $3.95 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 957 Oil & Gas companies, Petronas Gas Bhd ranks better than 68.76% on this metric.
The historical rank and industry rank for Petronas Gas Bhd's ROE % or its related term are showing as below:
PNAGF'
s ROE % 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 ROE % was 15.53%. The lowest was 12.00%. And the median was 14.48%.
PNAGF's ROE % is ranked better than 68.76% of 957
companies
in the Oil & Gas industry
Industry Median: 5.71
vs PNAGF: 12.00
Petronas Gas Bhd (OTCPK:PNAGF) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Petronas Gas Bhd ROE % Related Terms
Petronas Gas Bhd ROE % Historical Data
* Premium members only.
The historical data trend for Petronas Gas Bhd's ROE % 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, Petronas Gas Bhd's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Petronas Gas Bhd's ROE % distribution charts can be found below:
* The bar in red indicates where Petronas Gas Bhd's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Petronas Gas Bhd (PNAGF) has a ROE % of 12.56% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total 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 ROE % has ranged from 12.00 to 15.53. According to the industry distribution chart, Petronas Gas Bhd ranks #299 out of 957 companies in the Oil & Gas industry, placing it in the top 31.2%.
Is Petronas Gas Bhd's ROE % too high?
Petronas Gas Bhd's current ROE % 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 ROE % is 5.71. Petronas Gas Bhd's value of 12.56% is 120% above this industry median. Based on the distribution chart, Petronas Gas Bhd ranks #299 out of 957 companies in the Oil & Gas industry, which is above the industry midpoint. 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 ROE % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Petronas Gas Bhd ranks #299 out of 957 companies for ROE %. This puts Petronas Gas Bhd in the upper half of its industry. The industry median ROE % is 5.71. Petronas Gas Bhd's value of 12.56% is 120% above this benchmark. Historically, Petronas Gas Bhd's own ROE % 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 5.71, 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 ROE % for an Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.71, based on 957 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Petronas Gas Bhd's current ROE % of 12.56% is 120% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Petronas Gas Bhd and its competitors. For the Oil & Gas industry, the median ROE % is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petronas Gas Bhd's current ROE % 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 $3.95, compared to a current price of $4.45 — trading 12.7% above its estimated fair value. The current ROE % is 12.56%, which is 13% below median its 10-year median of 14.48 and 120% above the Oil & Gas industry median of 5.71. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Petronas Gas Bhd (PNAGF), the current ROE % 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 12.7% above its estimated GF Value™ of $3.95.
GuruFocus considers Petronas Gas Bhd to be Modestly Overvalued.
Key valuation signals for PNAGF:
ROE %: 12.56% (13% below median its 10-year median of 14.48)
GF Value™: $3.95 vs. price of $4.45 (12.7% above fair value)
Industry Position: 120% above the Oil & Gas median (#299 of 957)
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.
77GF Score
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