PPAAF (Perusahaan Gas Negara (Persero) Tbk PT) 3-Year ROIIC % : 8.89% (As of Dec. 2025)


PPAAF Perusahaan Gas Negara (Persero) Tbk PT PPAAF
93 GF Score
Price $0.08
GF Value $0.12
Valuation Possible Value Trap
! 2 Warning Signs
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What is Perusahaan Gas Negara (Persero) Tbk PT 3-Year ROIIC %?

Perusahaan Gas Negara (Persero) Tbk PT PPAAF -11.14% 93 3-Year ROIIC % is 8.89 as of Dec. 2025. GuruFocus rates PPAAF with a GF Score™ of 93/100 and a GF Value™ of $0.12 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 477 Utilities - Regulated companies, Perusahaan Gas Negara (Persero) Tbk PT ranks better than 67.09% on this metric.

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. Perusahaan Gas Negara (Persero) Tbk PT's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 8.89%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Perusahaan Gas Negara (Persero) Tbk PT's 3-Year ROIIC % or its related term are showing as below:

PPAAF's 3-Year ROIIC % is ranked better than
67.09% of 477 companies
in the Utilities - Regulated industry
Industry Median: 4.02 vs PPAAF: 8.89

Perusahaan Gas Negara (Persero) Tbk PT  (OTCPK:PPAAF) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Perusahaan Gas Negara (Persero) Tbk PT 3-Year ROIIC % Related Terms


Perusahaan Gas Negara (Persero) Tbk PT 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Perusahaan Gas Negara (Persero) Tbk PT's 3-Year ROIIC % 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.

Perusahaan Gas Negara (Persero) Tbk PT 3-Year ROIIC % Chart

Perusahaan Gas Negara (Persero) Tbk PT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.83 69.54 -801.43 -150.33 8.89

Perusahaan Gas Negara (Persero) Tbk PT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % 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 0.00 0.00 0.00 8.89 0.00

PPAAF vs ATO, NI, UGI: 3-Year ROIIC % Comparison

For the Utilities - Regulated Gas subindustry, Perusahaan Gas Negara (Persero) Tbk PT's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.


Perusahaan Gas Negara (Persero) Tbk PT 3-Year ROIIC % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Perusahaan Gas Negara (Persero) Tbk PT's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Perusahaan Gas Negara (Persero) Tbk PT's 3-Year ROIIC % falls into.


PPAAF
93GF Score
Perusahaan Gas Negara (Persero) Tbk PT PPAAF
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Perusahaan Gas Negara (Persero) Tbk PT 3-Year ROIIC % Calculation

Perusahaan Gas Negara (Persero) Tbk PT's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 369.985682 (Dec. 2025) - 418.525941 (Dec. 2022) )/( 4929.624 (Dec. 2025) - 5529.194 (Dec. 2022) )
=-48.540259/-599.57
=8.10%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 8.89 mean?
Perusahaan Gas Negara (Persero) Tbk PT (PPAAF) has a 3-Year ROIIC % of 8.89 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Perusahaan Gas Negara (Persero) Tbk PT and its competitors. According to the industry distribution chart, Perusahaan Gas Negara (Persero) Tbk PT ranks #157 out of 477 companies in the Utilities - Regulated industry, placing it in the top 32.9%.
Is Perusahaan Gas Negara (Persero) Tbk PT's 3-Year ROIIC % too high?
Perusahaan Gas Negara (Persero) Tbk PT's current 3-Year ROIIC % is 8.89. The Utilities - Regulated industry median 3-Year ROIIC % is 4.02. Perusahaan Gas Negara (Persero) Tbk PT's value of 8.89 is 121.1% above this industry median. Based on the distribution chart, Perusahaan Gas Negara (Persero) Tbk PT ranks #157 out of 477 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Perusahaan Gas Negara (Persero) Tbk PT has a GF Score™ of 93/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Perusahaan Gas Negara (Persero) Tbk PT's 3-Year ROIIC % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Perusahaan Gas Negara (Persero) Tbk PT ranks #157 out of 477 companies for 3-Year ROIIC %. This puts Perusahaan Gas Negara (Persero) Tbk PT in the upper half of its industry. The industry median 3-Year ROIIC % is 4.02. Perusahaan Gas Negara (Persero) Tbk PT's value of 8.89 is 121.1% 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 3-Year ROIIC % for an Utilities - Regulated company?
The median 3-Year ROIIC % among Utilities - Regulated companies is 4.02, based on 477 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Perusahaan Gas Negara (Persero) Tbk PT's current 3-Year ROIIC % of 8.89 is 121.1% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Perusahaan Gas Negara (Persero) Tbk PT and its competitors. For the Utilities - Regulated industry, the median 3-Year ROIIC % is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Perusahaan Gas Negara (Persero) Tbk PT's current 3-Year ROIIC % is 8.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Perusahaan Gas Negara (Persero) Tbk PT stock overvalued right now?
Based on GuruFocus' analysis, Perusahaan Gas Negara (Persero) Tbk PT (PPAAF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.12, compared to a current price of $0.08 — trading 36.2% below its estimated fair value. The current 3-Year ROIIC % is 8.89 and 121.1% above the Utilities - Regulated industry median of 4.02. Perusahaan Gas Negara (Persero) Tbk PT's overall GF Score™ is 93/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Perusahaan Gas Negara (Persero) Tbk PT (PPAAF), the current 3-Year ROIIC % is 8.89 as of Dec. 2025. 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 Perusahaan Gas Negara (Persero) Tbk PT (PPAAF) Overvalued in 2026?

Based on GuruFocus' analysis, Perusahaan Gas Negara (Persero) Tbk PT stock appears to be undervalued. The current stock price of $0.08 is trading 36.2% below its estimated GF Value™ of $0.12. GuruFocus considers Perusahaan Gas Negara (Persero) Tbk PT to be Possible Value Trap.

Key valuation signals for PPAAF:

  • 3-Year ROIIC %: 8.89
  • GF Value™: $0.12 vs. price of $0.08 (36.2% below fair value)
  • GF Score™: 93/100 with 2 warning signs
  • Industry Position: 121.1% above the Utilities - Regulated median (#157 of 477)

No single metric tells the full story. See the PPAAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Perusahaan Gas Negara (Persero) Tbk PT Business Description

Address Jalan KH. Zainul Arifin Number 20, Jakarta, IDN, 11140
Perusahaan Gas Negara (Persero) Tbk PT is an Indonesian natural gas company of which the Republic of Indonesia holds a majority stake. PGN is involved in the transmission and distribution of natural gas. The company's segments include Natural gas trading and transmission, Exploration and production of oil and gas, and Other operation.
93GF Score

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

$0.08
Price
$0.12
GF Value