Perusahaan Gas Negara Persero (PGAS) - Net Assets

Latest as of September 2025: Rp60.17 Trillion IDR ≈ $3.53 Billion USD

Based on the latest financial reports, Perusahaan Gas Negara Persero (PGAS) has net assets worth Rp60.17 Trillion IDR (≈ $3.53 Billion USD) 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 ≈ $6.00 Billion USD) and total liabilities (Rp42.17 Trillion ≈ $2.47 Billion USD). 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. Check PGAS intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

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. See how many days can Perusahaan Gas Negara Persero fund operations to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see market value of Perusahaan Gas Negara Persero.

Year	Net Assets	Change
2024-12-31	Rp3.67 Billion ≈ $215.14K	+3.70%
2023-12-31	Rp3.54 Billion ≈ $207.45K	+2.87%
2022-12-31	Rp3.44 Billion ≈ $201.67K	+4.77%
2021-12-31	Rp3.28 Billion ≈ $192.48K	+11.15%
2020-12-31	Rp2.96 Billion ≈ $173.18K	-8.62%
2019-12-31	Rp3.23 Billion ≈ $189.52K	+1.01%
2018-12-31	Rp3.20 Billion ≈ $187.62K	+0.47%
2017-12-31	Rp3.19 Billion ≈ $186.74K	+0.53%
2016-12-31	Rp3.17 Billion ≈ $185.76K	+4.88%
2015-12-31	Rp3.02 Billion ≈ $177.12K	+2.02%
2014-12-31	Rp2.96 Billion ≈ $173.62K	+8.65%
2013-12-31	Rp2.73 Billion ≈ $159.80K	+15.82%
2012-12-31	Rp2.35 Billion ≈ $137.98K	+24.12%
2011-12-31	Rp1.90 Billion ≈ $111.17K	+14.53%
2010-12-31	Rp1.66 Billion ≈ $97.07K	+22.19%
2009-12-31	Rp1.36 Billion ≈ $79.44K	+86.28%
2008-12-31	Rp727.79 Million ≈ $42.65K	-2.86%
2007-12-31	Rp749.21 Million ≈ $43.90K	+9.75%
2006-12-31	Rp682.68 Million ≈ $40.00K	+36.80%
2005-12-31	Rp499.03 Million ≈ $29.24K	+24.71%
2004-12-31	Rp400.16 Million ≈ $23.45K	-99.99%
2003-12-31	Rp3.76 Trillion ≈ $220.38 Million	+45.62%
2002-12-31	Rp2.58 Trillion ≈ $151.34 Million	--

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
Sezzle Inc. NASDAQ:SEZL	$2.19 Billion
Diamondrock Hospitality Company Common Stock NYSE:DRH	$2.19 Billion
Lotte Chemical Corp KO:011170	$2.19 Billion
Banque Cantonale de Geneve SW:BCGE	$2.19 Billion
Ströer SE & Co. KGaA F:SAX	$2.18 Billion
Hubei Zhongyi Science Technology Co. Ltd. SHE:301150	$2.18 Billion
Qingdao Sentury Tire Co Ltd SHE:002984	$2.18 Billion
Beijing Cisri Gaona Materials Tech SHE:300034	$2.18 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: 13209.95x
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 97919.89x to 13209.95x 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	Rp1540.00	x
2005-12-31	Rp0.02	Rp1540.00	x
2006-12-31	Rp0.03	Rp1540.00	x
2007-12-31	Rp0.03	Rp1540.00	x
2008-12-31	Rp0.03	Rp1540.00	x
2009-12-31	Rp0.05	Rp1540.00	x
2010-12-31	Rp0.06	Rp1540.00	x
2011-12-31	Rp0.07	Rp1540.00	x
2012-12-31	Rp0.09	Rp1540.00	x
2013-12-31	Rp0.11	Rp1540.00	x
2014-12-31	Rp0.11	Rp1540.00	x
2015-12-31	Rp0.12	Rp1540.00	x
2016-12-31	Rp0.13	Rp1540.00	x
2017-12-31	Rp0.13	Rp1540.00	x
2018-12-31	Rp0.11	Rp1540.00	x
2019-12-31	Rp0.11	Rp1540.00	x
2020-12-31	Rp0.09	Rp1540.00	x
2021-12-31	Rp0.10	Rp1540.00	x
2022-12-31	Rp0.11	Rp1540.00	x
2023-12-31	Rp0.11	Rp1540.00	x
2024-12-31	Rp0.12	Rp1540.00	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	$2.19 Billion
Rukun Raharja Tbk (RAJA)	$171.86 Million	14.87%	0.93x	$948.65 Million

About Perusahaan Gas Negara Persero

JK:PGAS Indonesia Utilities - Regulated Gas

Market Cap

$2.19 Billion

Rp37.33 Trillion IDR

Market Cap Rank

#6018 Global

#48 in Indonesia

Share Price

Rp1540.00

Change (1 day)

-1.28%

52-Week Range

Rp1390.00 - Rp2450.00

All Time High

Rp2450.00