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    Regulated Gas
PT Perusahaan Gas Negara Tbk

PT Perusahaan Gas Negara Tbk

PPAAY
PT Perusahaan Gas Negara TbkUS flagOther OTC
4.25
USD
- -
- -
2.06BMarket Cap
PT Perusahaan Gas Negara Tbk
PPAAY
(Other OTC)

Recent

price

4.25

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.47
4.6
5.32
6.19
6.71
6.33
6.05
7.36
7.98
7.94
5.95
6.26
7.36
7.52
7.81
8.2
6.09
Revenue per Share
1.46
1.4
1.84
1.66
1.47
0.83
0.63
0.41
0.63
0.14
-0.55
0.63
0.67
0.57
0.7
0.44
0.31
Basic EPS, GAAP
-0.26
-0.16
-0.33
-0.65
-1.07
-2.02
-0.88
-0.83
-0.76
-0.5
-0.58
-0.46
-0.27
-0.25
-0.29
-0.43
-0.27
Free Cash Flow per Basic Share
0.85
0.93
0.68
1.05
0.92
0.55
0.34
0.33
0.11
0.2
0.14
0.05
0.48
0.6
0.66
0.79
- -
Dividend per Share
1.71
1.62
2.05
1.86
1.55
0.88
0.68
1
1.21
0.85
0.16
1.34
1.38
1.28
1.41
1.15
1.34
Book Value per Share
3.4
3.87
4.85
5.37
5.83
6.23
8.62
8.88
6.59
6.66
6.09
6.77
7.09
7.3
7.57
7.44
7.69
Tangible Book Value per Share
485
485
485
485
485
485
485
485
485
485
485
485
485
485
485
485
485
Basic Weighted Avg Shares
2,168
2,230
2,580
3,002
3,253
3,069
2,935
3,571
3,870
3,849
2,886
3,036
3,569
3,646
3,789
3,976
2,954
Sales/Revenue/Turnover
45.71
40.72
39.66
31.27
28.02
21.86
17.37
15.02
18.71
13
3.03
17.4
15.86
13.39
14.4
13.11
18.22
Operating Margin (%)
- -
195
191
187
125
129
127
299
241
203
10
5
11
11
12
8
5
Depreciation Expense
709
681
891
804
711
401
304
197
305
68
-265
304
326
278
339
215
150
Net Income, GAAP
19.84
19.5
20.3
21.39
23.53
7.91
19.85
39.4
37.66
59.64
- -
22.1
26.05
28.11
23.98
29.01
29.16
Effective Tax Rate (%)
32.7
30.52
34.53
26.8
21.86
13.07
10.37
5.51
7.88
1.76
-9.18
10.01
9.14
7.63
8.96
5.42
5.09
Profit Margin (%)
1,093
1,233
1,511
891
1,066
1,055
1,385
1,394
869
1,081
823
1,327
1,220
430
852
904
1,047
Working Capital
1,195
994
840
573
1,805
2,587
3,040
2,708
2,736
2,560
2,958
2,895
2,101
916
1,058
873
868
LT Debt
1,651
1,879
2,355
2,608
2,875
3,023
4,186
4,310
3,202
3,234
2,955
3,285
3,442
3,540
3,672
3,608
3,728
Total Equity
27.89
24.01
25.72
21.33
16.79
12.07
6.23
4.41
6.53
3.13
- -
6.59
7.21
6.71
8.49
7.91
7.96
Return on Invested Capital (%)
30.11
30.94
42.98
40.06
34.59
17.45
10.93
5.93
7.95
2.08
- -
8.74
8.69
7.38
10.02
4.64
2.5
Return on Capital (%)
73.42
84.49
100.29
85
86.22
68.07
80.05
48.09
56.81
13.54
-107.88
83.57
49.5
43.04
52
34.66
21.55
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
226
215
LT Borrowings
- -
559
550
LT Finance Leases
- -
314
318
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
24,242
24,242
Market Capitalization
2,448
2,240
2,618

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
2,074
2,088
Cash, Cash Equivalents & STI
- -
1,336
1,362
Accounts Receivable, Net
- -
399
386
Inventories
- -
143
109
Total Current Liabilities
- -
1,169
1,041
Payables & Accruals
- -
- -
- -
ST Debt
- -
226
215
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.89%
4.15%
-1.73%
Free Cash Flow
-9.4%
-1.29%
49.59%
Net Income, GAAP
-81.08%
-47.32%
-36.55%
Sales/Revenue/Turnover
3.39%
6.76%
4.94%
Total Cash Common Dividend
81.9%
176.04%
19.48%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
949
890
978
972
3,789
2025
967
971
- -
1,053
3,976
2026
930
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
- -
- -
- -
0.7
2025
0.13
- -
- -
- -
0.44
2026
0.19
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.66
2025
- -
- -
- -
- -
0.79
2026
- -
- -
- -
- -
- -
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Business
PT Perusahaan Gas Negara Tbk, known as PGN and having recently rebranded as Pertamina Gas Negara, along with its various operating entities, functions as a prominent integrated energy solutions provider. The company primarily engages in the transportation and distribution of natural gas, serving industrial, commercial, household, and power generation clients predominantly within Indonesia, while also maintaining upstream interests in the United States. Its core activities are structured across several key areas: gas commercialization and transmission, the exploration and production of oil and gas, and a range of other supporting operations. PGN is also significantly involved in the processing, storage, regasification, and trading of liquefied natural gas (LNG), with an increasing strategic emphasis on LNG utilization. Additionally, the company offers fiber optic network infrastructure leasing, specialized construction and maintenance services for gas facilities, property and equipment management, and expert engineering and consulting. Tracing its origins back to 1859 and formally established in 1965, the company’s headquarters are located in Jakarta, Indonesia. PT Perusahaan Gas Negara Tbk currently operates as the Gas Sub-holding Company under PT Pertamina (Persero).