PTT Exploration & Production
PTT Exploration and Production Public Company Limited, together with its subsidiaries, engages in the exploration, development, and production of petroleum in Thailand, rest of Southeast Asia, the Middle East, Africa, and internationally. It operates through Exploration and Production; and Other Businesses and Corporate segments. The company is also involved in the gas pipeline transportation and… Read more
PTT Exploration & Production (PEXNY) - Net Assets
Latest net assets as of December 2025: $519.57 Billion USD
Based on the latest financial reports, PTT Exploration & Production (PEXNY) has net assets worth $519.57 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($933.94 Billion) and total liabilities ($414.37 Billion). 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 | $519.57 Billion |
| % of Total Assets | 55.63% |
| Annual Growth Rate | 11.09% |
| 5-Year Change | 25.09% |
| 10-Year Change | 27.35% |
| Growth Volatility | 15.59 |
PTT Exploration & Production - Net Assets Trend (2004–2025)
This chart illustrates how PTT Exploration & Production's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PTT Exploration & Production (2004–2025)
The table below shows the annual net assets of PTT Exploration & Production from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $519.57 Billion | -3.04% |
| 2024-12-31 | $535.88 Billion | +7.29% |
| 2023-12-31 | $499.44 Billion | +6.92% |
| 2022-12-31 | $467.12 Billion | +12.46% |
| 2021-12-31 | $415.35 Billion | +17.19% |
| 2020-12-31 | $354.41 Billion | -1.44% |
| 2019-12-31 | $359.58 Billion | -7.70% |
| 2018-12-31 | $389.57 Billion | +3.64% |
| 2017-12-31 | $375.88 Billion | -7.87% |
| 2016-12-31 | $407.98 Billion | -0.20% |
| 2015-12-31 | $408.81 Billion | -1.16% |
| 2014-12-31 | $413.62 Billion | +7.56% |
| 2013-12-31 | $384.54 Billion | +17.20% |
| 2012-12-31 | $328.10 Billion | +64.03% |
| 2011-12-31 | $200.02 Billion | +16.09% |
| 2010-12-31 | $172.29 Billion | +20.48% |
| 2009-12-31 | $143.00 Billion | +6.63% |
| 2008-12-31 | $134.10 Billion | +25.58% |
| 2007-12-31 | $106.79 Billion | +20.63% |
| 2006-12-31 | $88.52 Billion | +23.47% |
| 2005-12-31 | $71.70 Billion | +25.57% |
| 2004-12-31 | $57.10 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PTT Exploration & Production'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 grown by 853.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $412.79 Billion | 79.49% |
| Other Components | $106.51 Billion | 20.51% |
| Total Equity | $519.31 Billion | 100.00% |
PTT Exploration & Production Competitors by Market Cap
The table below lists competitors of PTT Exploration & Production ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Astellas Pharma Inc
PINK:ALPMF
|
$16.93 Billion |
|
B3 S.A. - Brasil Bolsa Balcão
PINK:BOLSY
|
$16.93 Billion |
|
Tencent Music Entertainment Group
NYSE:TME
|
$16.95 Billion |
|
Tbea Co Ltd
SHG:600089
|
$16.96 Billion |
|
Fresenius SE & Co. KGaA
PINK:FSNUF
|
$16.86 Billion |
|
Koninklijke KPN N.V
PINK:KKPNF
|
$16.81 Billion |
|
Qinghai Salt Lake Industry Co.Ltd
SHE:000792
|
$16.80 Billion |
|
PT Bank Rakyat Indonesia (Persero) Tbk
PINK:BKRKF
|
$16.78 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PTT Exploration & Production's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 535,594,815,000 to 519,305,019,000, a change of -16,289,796,000 (-3.0%).
- Net income of 60,273,152,000 contributed positively to equity growth.
- Dividend payments of 36,622,417,000 reduced retained earnings.
- Other comprehensive income decreased equity by 17,296,999,000.
- Other factors decreased equity by 22,643,532,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $60.27 Billion | +11.61% |
| Dividends Paid | $36.62 Billion | -7.05% |
| Other Comprehensive Income | $-17.30 Billion | -3.33% |
| Other Changes | $-22.64 Billion | -4.36% |
| Total Change | $- | -3.04% |
Book Value vs Market Value Analysis
This analysis compares PTT Exploration & Production'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: 0.11x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.41x to 0.11x 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 | $34.20 | $13.90 | x |
| 2005-12-31 | $42.83 | $13.90 | x |
| 2006-12-31 | $52.72 | $13.90 | x |
| 2007-12-31 | $63.41 | $13.90 | x |
| 2008-12-31 | $79.40 | $13.90 | x |
| 2009-12-31 | $84.56 | $13.90 | x |
| 2010-12-31 | $101.75 | $13.90 | x |
| 2011-12-31 | $120.53 | $13.90 | x |
| 2012-12-31 | $195.88 | $13.90 | x |
| 2013-12-31 | $193.88 | $13.90 | x |
| 2014-12-31 | $208.37 | $13.90 | x |
| 2015-12-31 | $205.95 | $13.90 | x |
| 2016-12-31 | $205.53 | $13.90 | x |
| 2017-12-31 | $189.61 | $13.90 | x |
| 2018-12-31 | $196.51 | $13.90 | x |
| 2019-12-31 | $179.88 | $13.90 | x |
| 2020-12-31 | $178.54 | $13.90 | x |
| 2021-12-31 | $207.34 | $13.90 | x |
| 2022-12-31 | $235.33 | $13.90 | x |
| 2023-12-31 | $503.10 | $13.90 | x |
| 2024-12-31 | $269.82 | $13.90 | x |
| 2025-12-31 | $130.81 | $13.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PTT Exploration & Production 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): 11.61%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.42%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.80x
- Recent ROE (11.61%) is below the historical average (15.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 27.79% | 32.77% | 0.43x | 1.96x | $10.16 Billion |
| 2005 | 33.10% | 34.11% | 0.49x | 2.00x | $16.56 Billion |
| 2006 | 31.68% | 30.58% | 0.58x | 1.78x | $19.19 Billion |
| 2007 | 26.65% | 29.40% | 0.51x | 1.78x | $17.78 Billion |
| 2008 | 31.08% | 29.77% | 0.59x | 1.78x | $28.26 Billion |
| 2009 | 15.49% | 18.41% | 0.40x | 2.10x | $7.85 Billion |
| 2010 | 24.23% | 28.28% | 0.43x | 1.99x | $24.51 Billion |
| 2011 | 22.37% | 25.81% | 0.39x | 2.24x | $24.75 Billion |
| 2012 | 17.49% | 26.97% | 0.35x | 1.84x | $24.54 Billion |
| 2013 | 14.60% | 24.97% | 0.32x | 1.84x | $17.70 Billion |
| 2014 | 5.20% | 8.67% | 0.32x | 1.85x | $-19.87 Billion |
| 2015 | -7.73% | -17.01% | 0.26x | 1.73x | $-72.47 Billion |
| 2016 | 3.15% | 8.56% | 0.22x | 1.66x | $-27.94 Billion |
| 2017 | 5.47% | 13.93% | 0.24x | 1.66x | $-17.06 Billion |
| 2018 | 9.28% | 21.07% | 0.27x | 1.62x | $-2.80 Billion |
| 2019 | 13.67% | 25.54% | 0.28x | 1.88x | $13.10 Billion |
| 2020 | 6.39% | 14.13% | 0.24x | 1.91x | $-12.78 Billion |
| 2021 | 9.36% | 17.74% | 0.28x | 1.89x | $-2.67 Billion |
| 2022 | 15.18% | 21.40% | 0.38x | 1.86x | $24.19 Billion |
| 2023 | 15.36% | 25.51% | 0.33x | 1.81x | $26.77 Billion |
| 2024 | 14.72% | 25.24% | 0.32x | 1.80x | $25.26 Billion |
| 2025 | 11.61% | 21.42% | 0.30x | 1.80x | $8.34 Billion |
Industry Comparison
This section compares PTT Exploration & Production's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,645,633,110
- Average return on equity (ROE) among peers: 4.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PTT Exploration & Production (PEXNY) | $519.57 Billion | 27.79% | 0.80x | $16.92 Billion |
| Advantage Energy Ltd. (AAVVF) | $1.09 Billion | 1.43% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $9.63 Million | -5.93% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $2.79 Billion | -19.61% | 0.78x | $10.30 Billion |
| Aminex PLC (AEXFF) | $20.47 Million | 6.02% | 0.33x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.43 Billion | 12.90% | 2.02x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $13.10 Million | -11.45% | 0.01x | $4.92K |
| Allied Resources Inc (ALOD) | $3.69 Million | 0.65% | 0.05x | $428.76K |
| Altex Industries Inc (ALTX) | $3.22 Million | -10.59% | 0.04x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $88.21 Million | 32.34% | 0.25x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $5.59 Million | 38.29% | 0.11x | $5.00 Million |