Perusahaan Gas Negara Persero
PT Perusahaan Gas Negara Tbk, together with its subsidiaries, engages in the transmission and distribution of natural gas in Indonesia. It operates through three segments: Trading and Transmission, Exploration and Production of Oil and Gas, and Other Operations. The company is involved in the exploration, exploitation, and business development in oil and gas; and trading and transmission of gas, … Read more
Perusahaan Gas Negara Persero (PGAS) - Net Assets
Latest net assets as of September 2025: Rp60.17 Trillion IDR
Based on the latest financial reports, Perusahaan Gas Negara Persero (PGAS) has net assets worth Rp60.17 Trillion IDR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp102.33 Trillion) and total liabilities (Rp42.17 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp60.17 Trillion |
| % of Total Assets | 58.79% |
| Annual Growth Rate | -25.77% |
| 5-Year Change | 24.23% |
| 10-Year Change | 21.46% |
| Growth Volatility | 31.26 |
Perusahaan Gas Negara Persero - Net Assets Trend (2002–2024)
This chart illustrates how Perusahaan Gas Negara Persero's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Perusahaan Gas Negara Persero (2002–2024)
The table below shows the annual net assets of Perusahaan Gas Negara Persero from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp3.67 Billion | +3.70% |
| 2023-12-31 | Rp3.54 Billion | +2.87% |
| 2022-12-31 | Rp3.44 Billion | +4.77% |
| 2021-12-31 | Rp3.28 Billion | +11.15% |
| 2020-12-31 | Rp2.96 Billion | -8.62% |
| 2019-12-31 | Rp3.23 Billion | +1.01% |
| 2018-12-31 | Rp3.20 Billion | +0.47% |
| 2017-12-31 | Rp3.19 Billion | +0.53% |
| 2016-12-31 | Rp3.17 Billion | +4.88% |
| 2015-12-31 | Rp3.02 Billion | +2.02% |
| 2014-12-31 | Rp2.96 Billion | +8.65% |
| 2013-12-31 | Rp2.73 Billion | +15.82% |
| 2012-12-31 | Rp2.35 Billion | +24.12% |
| 2011-12-31 | Rp1.90 Billion | +14.53% |
| 2010-12-31 | Rp1.66 Billion | +22.19% |
| 2009-12-31 | Rp1.36 Billion | +86.28% |
| 2008-12-31 | Rp727.79 Million | -2.86% |
| 2007-12-31 | Rp749.21 Million | +9.75% |
| 2006-12-31 | Rp682.68 Million | +36.80% |
| 2005-12-31 | Rp499.03 Million | +24.71% |
| 2004-12-31 | Rp400.16 Million | -99.99% |
| 2003-12-31 | Rp3.76 Trillion | +45.62% |
| 2002-12-31 | Rp2.58 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Perusahaan Gas Negara Persero's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp339.43 Million | 12.01% |
| Common Stock | Rp344.02 Million | 12.17% |
| Other Components | Rp2.14 Billion | 75.82% |
| Total Equity | Rp2.83 Billion | 100.00% |
Perusahaan Gas Negara Persero Competitors by Market Cap
The table below lists competitors of Perusahaan Gas Negara Persero ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Farsoon Technology Co. Ltd. A
SHG:688433
|
$1.31 Billion |
|
Pets at Home Group Plc
PINK:PHGPY
|
$1.31 Billion |
|
Cloudwalk Technology Co. Ltd. A
SHG:688327
|
$1.31 Billion |
|
Shandong Hi-speed Co Ltd
SHG:600350
|
$1.31 Billion |
|
Dynapack International Technology
TWO:3211
|
$1.31 Billion |
|
Fujian Aonong Biological Technology Group Incorporation Ltd
SHG:603363
|
$1.31 Billion |
|
Kingclean Electric Co Ltd
SHG:603355
|
$1.31 Billion |
|
Shenzhen Clou Electronics Co Ltd
SHE:002121
|
$1.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Perusahaan Gas Negara Persero's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,698,854,805 to 2,826,045,922, a change of 127,191,117 (4.7%).
- Net income of 339,427,774 contributed positively to equity growth.
- Dividend payments of 222,472,943 reduced retained earnings.
- Other comprehensive income increased equity by 515,457,102.
- Other factors decreased equity by 505,220,816.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp339.43 Million | +12.01% |
| Dividends Paid | Rp222.47 Million | -7.87% |
| Other Comprehensive Income | Rp515.46 Million | +18.24% |
| Other Changes | Rp-505.22 Million | -17.88% |
| Total Change | Rp- | 4.71% |
Book Value vs Market Value Analysis
This analysis compares Perusahaan Gas Negara Persero's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 17498.89x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 129712.06x to 17498.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | Rp0.02 | Rp2040.00 | x |
| 2005-12-31 | Rp0.02 | Rp2040.00 | x |
| 2006-12-31 | Rp0.03 | Rp2040.00 | x |
| 2007-12-31 | Rp0.03 | Rp2040.00 | x |
| 2008-12-31 | Rp0.03 | Rp2040.00 | x |
| 2009-12-31 | Rp0.05 | Rp2040.00 | x |
| 2010-12-31 | Rp0.06 | Rp2040.00 | x |
| 2011-12-31 | Rp0.07 | Rp2040.00 | x |
| 2012-12-31 | Rp0.09 | Rp2040.00 | x |
| 2013-12-31 | Rp0.11 | Rp2040.00 | x |
| 2014-12-31 | Rp0.11 | Rp2040.00 | x |
| 2015-12-31 | Rp0.12 | Rp2040.00 | x |
| 2016-12-31 | Rp0.13 | Rp2040.00 | x |
| 2017-12-31 | Rp0.13 | Rp2040.00 | x |
| 2018-12-31 | Rp0.11 | Rp2040.00 | x |
| 2019-12-31 | Rp0.11 | Rp2040.00 | x |
| 2020-12-31 | Rp0.09 | Rp2040.00 | x |
| 2021-12-31 | Rp0.10 | Rp2040.00 | x |
| 2022-12-31 | Rp0.11 | Rp2040.00 | x |
| 2023-12-31 | Rp0.11 | Rp2040.00 | x |
| 2024-12-31 | Rp0.12 | Rp2040.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Perusahaan Gas Negara Persero utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.01%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.96%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.27x
- Recent ROE (12.01%) is below the historical average (21.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 49.62% | 35.40% | 0.55x | 2.57x | Rp890.88 Billion |
| 2003 | 15.67% | 14.44% | 0.39x | 2.75x | Rp187.89 Billion |
| 2004 | 14.93% | 10.64% | 0.40x | 3.47x | Rp16.75 Million |
| 2005 | 20.53% | 15.86% | 0.43x | 3.00x | Rp45.10 Million |
| 2006 | 33.94% | 28.54% | 0.44x | 2.71x | Rp148.60 Million |
| 2007 | 26.48% | 18.97% | 0.43x | 3.23x | Rp110.66 Million |
| 2008 | 8.96% | 4.95% | 0.50x | 3.61x | Rp-6.67 Million |
| 2009 | 53.09% | 34.56% | 0.63x | 2.44x | Rp536.42 Million |
| 2010 | 46.60% | 32.70% | 0.62x | 2.31x | Rp556.90 Million |
| 2011 | 37.46% | 30.32% | 0.63x | 1.96x | Rp480.14 Million |
| 2012 | 40.54% | 34.58% | 0.66x | 1.78x | Rp671.15 Million |
| 2013 | 33.81% | 28.67% | 0.69x | 1.71x | Rp605.99 Million |
| 2014 | 26.12% | 21.20% | 0.55x | 2.25x | Rp446.03 Million |
| 2015 | 13.28% | 13.07% | 0.47x | 2.15x | Rp99.16 Million |
| 2016 | 9.62% | 10.37% | 0.43x | 2.16x | Rp-11.99 Million |
| 2017 | 4.52% | 4.82% | 0.47x | 1.99x | Rp-173.67 Million |
| 2018 | 11.85% | 7.88% | 0.49x | 3.08x | Rp47.54 Million |
| 2019 | 2.64% | 1.76% | 0.52x | 2.88x | Rp-188.50 Million |
| 2020 | -11.86% | -9.18% | 0.38x | 3.37x | Rp-488.09 Million |
| 2021 | 12.03% | 10.01% | 0.40x | 2.97x | Rp51.29 Million |
| 2022 | 12.38% | 9.14% | 0.50x | 2.73x | Rp62.82 Million |
| 2023 | 10.30% | 7.63% | 0.55x | 2.45x | Rp8.21 Million |
| 2024 | 12.01% | 8.96% | 0.59x | 2.27x | Rp56.82 Million |
Industry Comparison
This section compares Perusahaan Gas Negara Persero's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $171,862,581
- Average return on equity (ROE) among peers: 14.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Perusahaan Gas Negara Persero (PGAS) | Rp60.17 Trillion | 49.62% | 0.70x | $1.31 Billion |
| Rukun Raharja Tbk (RAJA) | $171.86 Million | 14.87% | 0.93x | $180.68 Million |