Valuation PetroChina Company Limited

Equities

857 CNE1000003W8

Integrated Oil & Gas

Market Closed - Hong Kong S.E. Other stock markets 09:08:29 18/05/2026 BST			5-day change	1st Jan Change
10.99 ^HKD	+0.92%		+3.29%	+31.15%

05-15	Japan's Inpex to buy stake in Australian Browse gas field from PetroChina	RE
05-14	Chevron to Sell Some Asia-Pacific Assets to Japan's Eneos for $2.17 Billion	DJ

Company Valuation: PetroChina Company Limited

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	854,682	871,381	1,241,993	1,568,723	1,844,493	2,063,415	-	-
Change	-	1.95%	42.53%	26.31%	17.58%	11.87%	-	-
Enterprise Value (EV) ¹	1,157,469	1,124,692	1,377,104	1,633,101	1,865,894	2,129,752	2,035,550	1,966,372
Change	-	-2.83%	22.44%	18.59%	14.25%	14.14%	-4.42%	-3.4%
P/E ratio	5.65x	3.85x	5.32x	6.38x	8.76x	8.85x	9.72x	9.21x
PBR	0.41x	0.42x	0.59x	0.67x	0.87x	1.05x	1x	0.96x
PEG	-	0.1x	0.73x	2.81x	-1.97x	0.4x	-1.08x	1.64x
Capitalization / Revenue	0.33x	0.27x	0.41x	0.53x	0.64x	0.63x	0.68x	0.67x
EV / Revenue	0.44x	0.35x	0.46x	0.56x	0.65x	0.65x	0.67x	0.63x
EV / EBITDA	3.1x	2.47x	2.85x	3.42x	3.99x	4.26x	4.11x	3.76x
EV / EBIT	6.35x	5.19x	5.85x	6.98x	8.51x	7.63x	8.22x	7.49x
EV / FCF	12.8x	9.41x	7.6x	12.5x	13x	11.1x	11x	9.77x
FCF Yield	7.8%	10.6%	13.2%	8%	7.69%	9.05%	9.12%	10.2%
Dividend per Share ²	0.2266	0.4226	0.44	0.47	0.47	0.5602	0.5076	0.5437
Rate of return	8.02%	13.4%	9.39%	8.19%	6.24%	5.92%	5.36%	5.74%
EPS ²	0.5	0.82	0.88	0.9	0.86	1.07	0.9733	1.028
Distribution rate	45.3%	51.5%	50%	52.2%	54.7%	52.4%	52.2%	52.9%
Net sales ¹	2,614,349	3,239,167	3,011,012	2,937,981	2,864,469	3,276,912	3,026,132	3,102,724
EBITDA ¹	373,400	454,696	482,918	477,163	467,366	499,433	495,105	522,883
EBIT ¹	182,180	216,660	235,466	233,954	219,241	279,278	247,681	262,650
Net income ¹	92,170	149,380	161,146	164,684	157,318	185,489	173,395	189,470
Net Debt ¹	302,787	253,311	135,111	64,378	21,401	66,337	-27,865	-97,043
Reference price ²	2.827	3.158	4.684	5.742	7.530	9.465	9.465	9.465
Nbr of stocks (in thousands)	183,020,978	183,020,978	183,020,978	183,020,978	183,020,978	183,020,978	-	-
Announcement Date	31/03/22	29/03/23	25/03/24	28/03/25	29/03/26	-	-	-

¹CNY in Million²CNY

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
PETROCHINA COMPANY LIMITED	8.85x	0.65x	4.26x	5.92%	303B
ARAMCO	13.65x	3.41x	6.61x	5.03%	1,791B
CHEVRON CORPORATION	13.42x	1.8x	6.06x	3.73%	378B
SHELL PLC	8.05x	0.85x	4.03x	3.61%	238B
TOTALENERGIES SE	7.73x	1.12x	4.27x	4.49%	203B
CNOOC LIMITED	6.3x	1.87x	3.01x	7.07%	166B
PETROBRAS	3.25x	1.63x	3.19x	11.45%	123B
EQUINOR ASA	7.83x	0.84x	1.97x	4.07%	96.46B
ENI S.P.A.	9.26x	0.76x	3.92x	4.66%	80.39B
Average	8.70x	1.44x	4.15x	5.56%	375.49B
Weighted average by Cap.	11.43x	2.39x	5.52x	5.13%