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    Oil & Gas Integrated
PTT Public Company Limited

PTT Public Company Limited

PTT.BK
PTT Public Company LimitedTH flagStock Exchange of Thailand
36.50
THB
-0.75
- -
1.03TMarket Cap
PTT Public Company Limited
PTT.BK
(Stock Exchange of Thailand)

Recent

price

36.50

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
66.87
85.11
97.81
99.51
91.2
70.92
60.18
69.87
81.79
77.71
56.56
79.08
117.89
110.05
108.2
93.73
94.55
Revenue per Share
2.96
3.72
3.66
3.26
2.05
0.7
3.31
4.73
4.19
3.25
1.32
3.79
3.19
3.92
3.15
3.17
3.27
Basic EPS, GAAP
1.72
2.27
2.04
1.88
4.34
4.61
5.64
6.65
5.47
4
2.39
6.29
0.65
7.16
7.1
4.49
3.64
Free Cash Flow per Basic Share
1.12
1.44
1.48
1.62
2.4
1.53
1.56
2.58
2.98
2.85
1.81
2.75
3.01
2.18
2.88
2.93
2.94
Dividend per Share
16.09
18.62
21.13
23.09
23.51
23.07
25.31
28.14
30.32
31.42
31.43
33.28
34.51
36.11
37.26
38.35
39.33
Book Value per Share
17.13
19.68
19.89
26.26
33.84
35.11
38.07
40.75
43.04
39
38.87
40.84
42.28
45.87
47.38
48.53
51.56
Tangible Book Value per Share
28,392
28,530
28,563
28,563
28,563
28,563
28,563
28,563
28,563
28,563
28,563
28,563
28,563
28,578
28,563
28,403
28,353
Basic Weighted Avg Shares
1,898,682
2,428,126
2,793,833
2,842,408
2,605,062
2,025,552
1,718,846
1,995,722
2,336,155
2,219,739
1,615,665
2,258,818
3,367,203
3,144,884
3,090,453
2,662,145
2,680,651
Sales/Revenue/Turnover
6.53
5.78
5.02
4.98
4.78
6.37
9.65
9.66
9.2
6.39
3.69
10.99
8.58
7.35
5.76
5.07
8.09
Operating Margin (%)
48,180
59,914
68,000
78,471
144,230
148,460
129,757
116,289
123,593
133,204
139,880
146,790
167,330
173,065
185,918
181,946
179,158
Depreciation Expense
83,992
106,260
104,608
93,091
58,678
19,936
94,609
135,180
119,647
92,951
37,766
108,363
91,175
112,024
90,072
90,166
92,589
Net Income, GAAP
25.07
25.52
27.03
29.56
35.91
44.06
17.12
13.29
24.49
21.27
38.65
30.77
42.56
34.37
37.2
32.85
33.9
Effective Tax Rate (%)
4.42
4.38
3.74
3.28
2.25
0.98
5.5
6.77
5.12
4.19
2.34
4.8
2.71
3.56
2.91
3.39
3.45
Profit Margin (%)
94,269
45,616
91,354
116,858
291,736
364,317
401,991
426,306
448,614
337,313
422,904
361,603
448,322
493,029
460,648
339,439
376,148
Working Capital
342,467
337,322
400,384
425,262
591,694
578,215
519,267
444,920
454,964
562,746
709,849
839,691
1,012,624
944,955
897,393
747,144
727,649
LT Debt
557,414
642,624
731,354
822,842
1,054,694
1,087,687
1,171,597
1,247,660
1,317,566
1,301,040
1,285,845
1,472,940
1,533,693
1,624,975
1,656,877
1,652,484
1,738,711
Total Equity
9.99
10.2
8.92
7.79
5.05
4.03
7.69
9.28
8.75
5.72
1.79
7.54
6.36
5.44
3.99
3.32
5.09
Return on Invested Capital (%)
8.9
10.19
8.78
6.92
4.57
1.44
4.78
6.26
5.2
4.41
2.59
3.74
3.2
3.63
3.53
3.36
2.33
Return on Capital (%)
19.67
21.51
18.44
14.74
8.82
3
13.69
17.71
14.33
10.54
4.21
11.72
9.42
11.1
8.59
8.37
8.42
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
234,444
238,662
325,782
LT Borrowings
695,112
666,426
647,278
LT Finance Leases
83,102
80,718
80,371
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
28,324
28,324
28,324
Market Capitalization
945,319
909,781
992,348

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
934,647
905,197
1,182,674
Cash, Cash Equivalents & STI
419,204
403,400
486,156
Accounts Receivable, Net
209,898
20,841
266,544
Inventories
227,429
209,429
242,781
Total Current Liabilities
565,595
565,758
806,526
Payables & Accruals
311,795
302,580
382,900
ST Debt
234,444
238,662
325,782
Deferred Revenue
- -
7,257
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.37%
5.26%
-0.27%
Free Cash Flow
99.92%
208.78%
-37.11%
Net Income, GAAP
49.87%
34.89%
0.1%
Sales/Revenue/Turnover
5.25%
13.34%
-13.86%
Total Cash Common Dividend
10.89%
13.44%
1.28%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
782,279
821,943
761,858
724,373
3,090,453
2025
700,223
676,754
646,689
638,479
2,662,145
2026
718,729
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.01
1.24
0.57
- -
3.15
2025
0.82
0.76
0.7
- -
3.17
2026
0.91
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
1.68
1.16
- -
2.88
2025
- -
1.68
0.33
- -
2.93
2026
- -
- -
- -
- -
- -
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Business
PTT Public Company Limited is Thailand's leading state-owned, integrated oil and gas company that produces, transports, and sells natural gas; supplies petroleum products including crude oil, lubricants, aviation fuel, and marine fuels; and engages in international trading, technology, and engineering services. The company operates gas transmission pipelines, natural gas vehicle (NGV) services, natural gas distribution, and gas separation plants; it also invests in group businesses spanning petroleum exploration and production via PTT Exploration and Production (PTTEP), oil and retail through PTT Oil and Retail Business (OR), petrochemicals and refining via PTT Global Chemical (PTTGC) and Thai Oil, power generation, public utilities, and emerging sectors like liquefied natural gas (LNG) and renewables. PTT maintains a nationwide network of service stations, LPG terminals, and Café Amazon outlets across Thailand and Southeast Asia; it serves industrial, commercial, and retail customers primarily in Thailand with expanding operations internationally, including the Philippines, Indonesia, and joint ventures abroad. Founded in 1978 and headquartered at 555 Vibhavadi Rangsit Road in Bangkok, Thailand, PTT lists on the Stock Exchange of Thailand (ticker: PTT.BK) with the Ministry of Finance as its majority shareholder. Recent developments include PTTEP's acquisition of additional stakes in the Sinphuhorm Project to 90% in April 2025 and a 50% interest in Malaysia-Thailand Joint Development Area (MTJDA) Block A-18 in 2025 to bolster energy security; a June 2025 cooperation agreement with Glenfarne Alaska LNG for 2 million tonnes per annum over 20 years; PTT Tank Terminal's purchase of shares in Thai Tank Terminal from PTTGC and formation of a leasing joint venture with Thai Oil in 2025; shareholder restructuring of life sciences unit Horizon Plus in January 2025; and a five-year investment plan through 2028 totaling THB 1.094 trillion focused on energy security, competitiveness, and new energy opportunities like carbon capture, storage, and hydrogen.