PETRONAS Gas Berhad
PETRONAS Gas Berhad engages in separating natural gas into its components and storing in Malaysia. It operates through four segments: Gas Processing, Gas Transportation, Regasification, and Utilities. The company is involved in processing of natural gas into sales gas and other by-products, such as ethane, propane, and butane; transportation of processed gas to shippers' end customers and provisi… Read more
PETRONAS Gas Berhad (PNAGF) - Net Assets
Latest net assets as of December 2025: $14.67 Billion USD
Based on the latest financial reports, PETRONAS Gas Berhad (PNAGF) has net assets worth $14.67 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 ($19.77 Billion) and total liabilities ($5.09 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 | $14.67 Billion |
| % of Total Assets | 74.23% |
| Annual Growth Rate | 3.74% |
| 5-Year Change | 10.01% |
| 10-Year Change | 20.67% |
| Growth Volatility | 3.58 |
PETRONAS Gas Berhad - Net Assets Trend (2005–2025)
This chart illustrates how PETRONAS Gas Berhad's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PETRONAS Gas Berhad (2005–2025)
The table below shows the annual net assets of PETRONAS Gas Berhad from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $14.67 Billion | +3.06% |
| 2024-12-31 | $14.24 Billion | +3.07% |
| 2023-12-31 | $13.82 Billion | +3.02% |
| 2022-12-31 | $13.41 Billion | +0.53% |
| 2021-12-31 | $13.34 Billion | +2.86% |
| 2020-12-31 | $12.97 Billion | -4.40% |
| 2019-12-31 | $13.57 Billion | +1.62% |
| 2018-12-31 | $13.35 Billion | +4.59% |
| 2017-12-31 | $12.76 Billion | +4.94% |
| 2016-12-31 | $12.16 Billion | +4.88% |
| 2015-12-31 | $11.59 Billion | +9.71% |
| 2014-12-31 | $10.57 Billion | +2.96% |
| 2013-12-31 | $10.27 Billion | +10.59% |
| 2012-12-31 | $9.28 Billion | +8.47% |
| 2011-12-31 | $8.56 Billion | +6.75% |
| 2009-12-31 | $8.02 Billion | +2.59% |
| 2008-12-31 | $7.81 Billion | -1.36% |
| 2007-12-31 | $7.92 Billion | +4.43% |
| 2006-12-31 | $7.59 Billion | +7.64% |
| 2005-12-31 | $7.05 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PETRONAS Gas Berhad'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 1047794710000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $10.48 Billion | 73.87% |
| Common Stock | $3.16 Billion | 22.26% |
| Other Comprehensive Income | $548.49 Million | 3.87% |
| Other Components | $8.00 | 0.00% |
| Total Equity | $14.18 Billion | 100.00% |
PETRONAS Gas Berhad Competitors by Market Cap
The table below lists competitors of PETRONAS Gas Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Avanza Bank Holding AB (publ)
ST:AZA
|
$3.52 Billion |
|
HKT Trust and HKT Limited
PINK:HKTTF
|
$3.52 Billion |
|
Celcuity LLC
NASDAQ:CELC
|
$3.53 Billion |
|
SUNRISE N
SW:SUNN
|
$3.53 Billion |
|
Davide Campari-Milano N.V
PINK:DVDCF
|
$3.52 Billion |
|
Amorepacific Corp. (New)
KO:090430
|
$3.52 Billion |
|
Shenzhen Salubris Pharmaceuticals Co Ltd
SHE:002294
|
$3.52 Billion |
|
Core Scientific, Inc. Tranche 2 Warrants
NASDAQ:CORZZ
|
$3.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PETRONAS Gas Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 13,948,423,000 to 14,184,603,122, a change of 236,180,122 (1.7%).
- Net income of 1,723,282,872 contributed positively to equity growth.
- Dividend payments of 1,421,518,492 reduced retained earnings.
- Other comprehensive income decreased equity by 35,862,568.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.72 Billion | +12.15% |
| Dividends Paid | $1.42 Billion | -10.02% |
| Other Comprehensive Income | $-35.86 Million | -0.25% |
| Other Changes | $-29.72 Million | -0.21% |
| Total Change | $- | 1.69% |
Book Value vs Market Value Analysis
This analysis compares PETRONAS Gas Berhad'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: 0.51x
- 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 1.04x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $3.56 | $3.69 | x |
| 2006-12-31 | $3.83 | $3.69 | x |
| 2007-12-31 | $4.00 | $3.69 | x |
| 2008-12-31 | $3.95 | $3.69 | x |
| 2009-12-31 | $4.05 | $3.69 | x |
| 2011-12-31 | $4.33 | $3.69 | x |
| 2012-12-31 | $4.63 | $3.69 | x |
| 2013-12-31 | $5.19 | $3.69 | x |
| 2014-12-31 | $5.32 | $3.69 | x |
| 2015-12-31 | $5.78 | $3.69 | x |
| 2016-12-31 | $6.05 | $3.69 | x |
| 2017-12-31 | $6.32 | $3.69 | x |
| 2018-12-31 | $6.56 | $3.69 | x |
| 2019-12-31 | $6.69 | $3.69 | x |
| 2020-12-31 | $6.39 | $3.69 | x |
| 2021-12-31 | $6.62 | $3.69 | x |
| 2022-12-31 | $6.64 | $3.69 | x |
| 2023-12-31 | $6.85 | $3.69 | x |
| 2024-12-31 | $7.05 | $3.69 | x |
| 2025-12-31 | $7.17 | $3.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PETRONAS Gas Berhad 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): 12.15%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.10%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.39x
- Recent ROE (12.15%) is below the historical average (14.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 13.78% | 34.20% | 0.30x | 1.33x | $266.27 Million |
| 2006 | 16.44% | 41.81% | 0.31x | 1.25x | $488.35 Million |
| 2007 | 13.80% | 34.97% | 0.32x | 1.24x | $300.71 Million |
| 2008 | 11.88% | 27.17% | 0.36x | 1.22x | $146.58 Million |
| 2009 | 11.74% | 29.20% | 0.33x | 1.23x | $139.10 Million |
| 2011 | 12.63% | 39.09% | 0.26x | 1.25x | $225.21 Million |
| 2012 | 15.33% | 39.29% | 0.27x | 1.47x | $488.51 Million |
| 2013 | 20.25% | 53.41% | 0.29x | 1.29x | $1.05 Billion |
| 2014 | 17.50% | 41.97% | 0.33x | 1.26x | $789.80 Million |
| 2015 | 17.37% | 44.60% | 0.31x | 1.26x | $843.57 Million |
| 2016 | 14.53% | 38.13% | 0.28x | 1.38x | $542.37 Million |
| 2017 | 14.32% | 37.27% | 0.27x | 1.41x | $541.18 Million |
| 2018 | 13.96% | 32.93% | 0.30x | 1.42x | $513.07 Million |
| 2019 | 14.61% | 35.46% | 0.28x | 1.48x | $610.72 Million |
| 2020 | 15.91% | 35.94% | 0.30x | 1.45x | $746.11 Million |
| 2021 | 15.18% | 35.21% | 0.29x | 1.46x | $679.08 Million |
| 2022 | 12.51% | 26.71% | 0.31x | 1.50x | $330.64 Million |
| 2023 | 13.42% | 28.23% | 0.33x | 1.43x | $464.09 Million |
| 2024 | 13.17% | 28.09% | 0.35x | 1.34x | $441.50 Million |
| 2025 | 12.15% | 27.10% | 0.32x | 1.39x | $304.82 Million |
Industry Comparison
This section compares PETRONAS Gas Berhad's net assets metrics with peer companies in the Oil & Gas Integrated industry.
Industry Context
- Industry: Oil & Gas Integrated
- Average net assets among peers: $24,963,516,215
- Average return on equity (ROE) among peers: -14.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PETRONAS Gas Berhad (PNAGF) | $14.67 Billion | 13.78% | 0.35x | $3.52 Billion |
| Bedford Energy Inc (BFDE) | $270.56K | 33.19% | 3.36x | $0.95 |
| Brinx Resources Ltd (BNXR) | $2.54 Million | -30.13% | 0.01x | $1.97K |
| BP p.l.c (BPAQF) | $112.64 Billion | 3.36% | 1.52x | $69.85 Billion |
| Crown LNG Holdings Limited Ordinary Shares (CGBS) | $19.26K | -29.83% | 3.48x | $16.80K |
| Crown LNG Holdings Limited Warrants (CGBSW) | $14.89 Million | -181.71% | 1.10x | $834.21K |
| CNVEF (CNVEF) | $29.77 Billion | 10.55% | 0.90x | $18.53 Billion |
| Cenovus Energy Inc (CVE) | $29.77 Billion | 10.55% | 0.90x | $36.85 Billion |
| Chevron Corp (CVX) | $77.29 Billion | 24.18% | 0.92x | $367.06 Billion |
| Diversified Energy Company plc (DEC) | $89.66 Million | 9.90% | 1.55x | $965.92 Million |
| ECA Marcellus Trust I Unit (ECTM) | $55.79 Million | 6.23% | 0.02x | $4.93K |