Obermatt

PETRONAS Gas

KLS:PETGAS · MYL6033OO004
Gas UtilitiesLarge

360

70
EV / EBIT60
Price / Owner Earnings1
Owner Earnings Yield62
Dividend Yield75
Price/Sales12
EV / Gross Profit10
Price/Book17
Return on Capital93
Cash Return on Capital62
Return on Equity71
EBIT Margin89
Gross Profitability43
Cash Conversion30
Accruals20
Owner Earnings Margin70
Sales growth25
Profit Growth81
Long-Term EPS Growth15
Owner Earnings Growth10
Reinvestment5
Price momentum35
Debt load81
Refinancing20
Debt Payback95
Liquidity90
Analyst ratings33
Opinion Changes42
Price Target Upside45
Market mood79
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

PETRONAS Gas clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryMalaysia
IndustryGas Utilities
SizeLarge
TypePublic Company
ExchangeKLSE
Founded1983
Employees679
ISINMYL6033OO004
Last UpdateApr 2, 2026
Index & Theme
Energy EfficiencyClean EnergyEnergy ManagementEnergy StorageInfrastructureOil and GasRetail

Description

PETRONAS Gas Berhad, together with its subsidiaries, engages in separating natural gas into components and storing, transporting, distributing, and selling such components to industrial utilities in Malaysia. Business Segments The company operates…

Analysis

Middle-of-the-road

PETRONAS Gas Berhad is a middle-of-the-road business: neither the economics nor the price stand out from the peer group. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is expensive. You pay 116.9× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone.

The trajectory is tepid and the balance sheet is sturdy. The company scores 12/20 on our value-creation score: creating some value.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
42
2023202420252026

All-time high

86

Jan 2023

All-time low

39

Mar 2026

Average rank

54

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
12
5
11
9
Price/Earnings
28
20
23
28
Price/Book
17
19
17
17
Dividend Yield
75
59
67
63
Value (overall)
21
18
22
22

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →