Pertamina Gas Negara Tbk. (PGAS) Stock Price, Fundamentals & Analysis

What PGAS does

Pertamina Gas Negara Tbk. (PGAS) is a utilities company listed on the Indonesia Stock Exchange, operating in the Utilities - Regulated Gas industry. Headquartered in Jakarta, Indonesia, the company employs 3,319 people and is a subsidiary of PT Pertamina (Persero). It engages in the transmission and distribution of natural gas, operating through three segments: Trading and Transmission, Exploration and Production of Oil and Gas, and Other Operations. Its activities include trading and transmission of oil and gas, processing of liquefied natural gas (LNG) for industrial, commercial, and household customers, and exploration and exploitation in oil and gas. The company also provides telecommunication, engineering, consultancy, and construction services.

Key numbers explained

• Price and daily change: PGAS trades at 1,430 IDR, down -0.69% today.
• Market cap: 34.67T IDR (34.67 trillion Indonesian rupiah).
• Valuation ratios: The trailing P/E ratio is 8, and the forward P/E ratio (based on expected earnings) is 7. The P/E ratio (price-to-earnings ratio) compares a company's stock price to its earnings per share, indicating how much investors are willing to pay for each unit of earnings.
• Earnings per share (EPS): Trailing 12 months EPS is 178.89 USD.
• Dividend yield: 8.78%, with an ex-dividend date of Jun 5, 2026. The company pays out 112% of its earnings as dividends, meaning the dividend amount exceeds the reported earnings per share.
• Beta: 0.09, indicating very low volatility relative to the broader market.
• 52-week price range: 1,350 – 2,520 IDR, with a one-year price change of -15.6%.
• Revenue: Trailing 12 months revenue is 3.94B USD, with a year-over-year revenue growth of -3.8%.
• Profitability: Profit margin is 6.2%, operating margin is 13.2%, and return on equity (ROE) is 10.1%.
• Leverage: Debt-to-equity ratio is 29.1%.
• Price-to-book (P/B) ratio: 12,222.22, which is exceptionally high and suggests the market values the company far above its book value.
• Next earnings date: Sep 28, 2026.

What to watch

• Regulatory and policy risk: As a regulated gas utility, PGAS is subject to government oversight of pricing and operations, which can affect profitability.
• Commodity price exposure: Natural gas and LNG price fluctuations can impact the Trading and Transmission segment.
• Dividend sustainability: With a payout ratio of 112%, the dividend may be at risk if earnings do not improve.
• Macroeconomic factors: Interest rates, inflation, and currency movements in Indonesia can influence the stock.
• Peer comparison: Investors may compare PGAS with peers like Pertamina Geothermal Energy Tbk (PGEO) or international utilities such as Cheung Kong Infrastructure Holdings Limited (1038), China National Nuclear Power (601985), Verbund AG (VER), Enagás (ENG), United Utilities (UU), and Endesa (ELE).