PT Citra Nusantara Gemilang Tbk (ISX:CGAS) Scaled Net Operating Assets: 0.73 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:CGAS PT Citra Nusantara Gemilang Tbk ISX:CGAS
65 GF Score
Price Rp153.00
GF Value Rp195.39
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is PT Citra Nusantara Gemilang Tbk Scaled Net Operating Assets?

PT Citra Nusantara Gemilang Tbk ISX:CGAS +2.68% 65 Scaled Net Operating Assets is 0.73 as of Jun. 2026. GuruFocus rates ISX:CGAS with a GF Score™ of 65/100 and a GF Value™ of Rp195.39 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

PT Citra Nusantara Gemilang Tbk's operating assets for the quarter that ended in Jun. 2026 was Rp417,196 Mil. PT Citra Nusantara Gemilang Tbk's operating liabilities for the quarter that ended in Jun. 2026 was Rp110,842 Mil. PT Citra Nusantara Gemilang Tbk's Total Assets for the quarter that ended in Mar. 2026 was Rp421,608 Mil. Therefore, PT Citra Nusantara Gemilang Tbk's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.73.


PT Citra Nusantara Gemilang Tbk Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for PT Citra Nusantara Gemilang Tbk's Scaled Net Operating Assets 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.

PT Citra Nusantara Gemilang Tbk Scaled Net Operating Assets Chart

PT Citra Nusantara Gemilang Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.62 0.52 0.56 0.89 0.73

PT Citra Nusantara Gemilang Tbk Quarterly Data
Dec20 Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Scaled Net Operating Assets 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 0.55 0.63 0.67 0.69 0.73

ISX:CGAS vs MPC, VLO, PSX: Scaled Net Operating Assets Comparison

For the Oil & Gas Refining & Marketing subindustry, PT Citra Nusantara Gemilang Tbk's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


PT Citra Nusantara Gemilang Tbk Scaled Net Operating Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Citra Nusantara Gemilang Tbk's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where PT Citra Nusantara Gemilang Tbk's Scaled Net Operating Assets falls into.


ISX:CGAS
65GF Score
PT Citra Nusantara Gemilang Tbk ISX:CGAS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Citra Nusantara Gemilang Tbk Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

PT Citra Nusantara Gemilang Tbk's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(344323.907-81045.452)/361347.93
=0.73

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=399449.291 - 55125.384
=344323.907

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=119934.781 - 12576.702 - 26312.627
=81045.452

PT Citra Nusantara Gemilang Tbk's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(417195.831-110841.653)/421607.837
=0.73

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=459992.602 - 42796.771
=417195.831

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=177142.824 - 31826.281 - 34474.89
=110841.653

* 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 Scaled Net Operating Assets of 0.73 mean?
PT Citra Nusantara Gemilang Tbk (ISX:CGAS) has a Scaled Net Operating Assets of 0.73 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on PT Citra Nusantara Gemilang Tbk and its competitors.
Is PT Citra Nusantara Gemilang Tbk's Scaled Net Operating Assets too high?
PT Citra Nusantara Gemilang Tbk's current Scaled Net Operating Assets is 0.73. Overall, PT Citra Nusantara Gemilang Tbk has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Citra Nusantara Gemilang Tbk's Scaled Net Operating Assets compare to MPC and VLO?
PT Citra Nusantara Gemilang Tbk's Scaled Net Operating Assets of 0.73 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 Scaled Net Operating Assets for an Oil & Gas company?
A good Scaled Net Operating Assets depends on the Oil & Gas industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on PT Citra Nusantara Gemilang Tbk and its competitors. PT Citra Nusantara Gemilang Tbk's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Citra Nusantara Gemilang Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Citra Nusantara Gemilang Tbk (ISX:CGAS) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp195.39, compared to a current price of Rp153.00 — trading 21.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.73. PT Citra Nusantara Gemilang Tbk's overall GF Score™ is 65/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For PT Citra Nusantara Gemilang Tbk (ISX:CGAS), the current Scaled Net Operating Assets is 0.73 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 PT Citra Nusantara Gemilang Tbk (ISX:CGAS) Overvalued in 2026?

Based on GuruFocus' analysis, PT Citra Nusantara Gemilang Tbk stock appears to be undervalued. The current stock price of Rp153.00 is trading 21.7% below its estimated GF Value™ of Rp195.39. GuruFocus considers PT Citra Nusantara Gemilang Tbk to be Modestly Undervalued.

Key valuation signals for ISX:CGAS:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: Rp195.39 vs. price of Rp153.00 (21.7% below fair value)
  • GF Score™: 65/100 with 2 warning signs

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


PT Citra Nusantara Gemilang Tbk Business Description

Industry EnergyOil & Gas
Address Jalan Kalimalang No. 126, Tegal Gede, Kelurahan Pasirsari, Kecamatan Cikarang Selatan, Kabupaten Bekasi, Provinsi Jawa Barat, Bekasi, IDN, 17530
PT Citra Nusantara Gemilang Tbk is mainly engaged in natural gas trading and distribution. Its service covers CNG B2B (Compressed Natural Gas Business to Business) and CNG B2C (Compressed Natural Gas Business to Consumer), targeting the transportation sector. The company also provides consulting services related to the operation and maintenance of natural gas equipment. Its operating segments are: Gas trading and distribution, and Others. The majority of its revenue is derived from the Gas trading and distribution segment, which includes industrial gas delivery to industrial clients, Gas distribution to retail customers and Micro, Small, and Medium Enterprises (MSMEs), as well as NGV gas supplied for public transportation and direct filling at gas filling stations owned by the group.
65GF Score

Get the complete analysis for ISX:CGAS

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp153.00
Price
Rp195.39
GF Value