Valuation Tokyo Gas Co.,Ltd.

Stocks

9531

JP3573000001

Natural Gas Utilities

Market Closed - Japan Exchange Other stock markets 12:00:00 21/07/2026 pm IST			5-day change	1st Jan Change
6,127.00 ^JPY	+0.66%		+3.76%	-1.26%

02/07	Tranche Update on Tokyo Gas Co.,Ltd.'s Equity Buyback Plan announced on April 28, 2026.	CI
17/06	Japan Monitors LNG Supply Risks Amid Strike at Inpex's Ichthys Project	MT

Company Valuation: Tokyo Gas Co.,Ltd.

Data adjusted to current consolidation scope

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Market Cap ¹	9,81,076	10,81,823	14,05,339	17,61,480	24,72,991	20,24,800	-	-
Change	-	10.27%	29.9%	25.34%	40.39%	-18.12%	-	-
Enterprise Value (EV) ¹	20,05,719	18,71,196	23,85,735	28,24,996	35,45,558	32,36,195	32,83,395	33,36,295
Change	-	-6.71%	27.5%	18.41%	25.51%	-8.73%	1.46%	1.61%
P/E	11.1x	3.86x	8.52x	24.8x	11.3x	16.1x	14.1x	13.3x
PBR	0.8x	0.69x	0.83x	1.02x	1.44x	1.16x	1.11x	1.07x
PEG	-	0x	-0.2x	-0.5x	0x	-0.4x	1x	2.29x
Capitalization / Revenue	0.46x	0.33x	0.53x	0.67x	0.87x	0.67x	0.67x	0.67x
EV / Revenue	0.93x	0.57x	0.9x	1.07x	1.25x	1.07x	1.09x	1.1x
EV / EBITDA	6.38x	2.99x	5.57x	7.12x	7.67x	7.32x	7.16x	7.14x
EV / EBIT	17x	4.44x	10.8x	21.2x	17.9x	18.8x	17.4x	17x
EV / FCF	-91.3x	6.6x	18.1x	28.4x	24.8x	-1,423x	30.5x	32.3x
FCF Yield	-1.1%	15.2%	5.54%	3.53%	4.03%	-0.07%	3.27%	3.09%
Dividend per Share ²	65	65	70	80	110	120	130	140
Rate of return	2.91%	2.6%	1.99%	1.68%	1.48%	1.96%	2.12%	2.28%
EPS ²	201.8	647	411.9	192.2	654.8	380.7	434.3	459.6
Distribution rate	32.2%	10%	17%	41.6%	16.8%	31.5%	29.9%	30.5%
Net sales ¹	21,45,197	32,89,634	26,64,518	26,36,809	28,34,749	30,36,317	30,13,533	30,19,633
EBITDA ¹	3,14,587	6,26,553	4,28,543	3,96,932	4,61,976	4,42,200	4,58,850	4,67,175
EBIT ¹	1,17,777	4,21,477	2,20,308	1,33,090	1,97,677	1,71,850	1,88,317	1,96,167
Net income ¹	88,745	2,80,916	1,69,936	74,194	2,26,857	1,26,267	1,38,783	1,42,183
Net Debt ¹	10,24,643	7,89,373	9,80,396	10,63,516	10,72,567	12,11,395	12,58,595	13,11,495
Reference price ²	2,232.00	2,496.00	3,511.00	4,763.00	7,417.00	6,127.00	6,127.00	6,127.00
Nbr of stocks (in thousands)	4,39,550	4,33,423	4,00,267	3,69,826	3,33,422	3,30,472	-	-
Announcement Date	27/04/22	26/04/23	25/04/24	28/04/25	28/04/26	-	-	-

¹JPY in Million²JPY

Estimates

P/E, 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.($)
TOKYO GAS CO.,LTD.	15.99x	1.06x	7.29x	1.97%	1.24TCr
NATURGY ENERGY GROUP, S.A.	13.73x	2x	7.26x	6.33%	3.04TCr
ATMOS ENERGY CORPORATION	20.99x	7.74x	15.08x	2.27%	2.96TCr
OSAKA GAS CO., LTD.	14.37x	1.31x	9.48x	2.42%	1.26TCr
GAIL INDIA LIMITED	15.17x	0.94x	10.94x	3.23%	1.18TCr
APA GROUP	56.72x	8.14x	12.27x	5.7%	943.35Cr
PETRONAS GAS	18.87x	5.1x	9.36x	4.14%	851.93Cr
NATIONAL FUEL GAS COMPANY	10.89x	3.97x	6.74x	2.66%	771.31Cr
Average	20.84x	3.78x	9.80x	3.59%	1.53TCr
Weighted average by Cap.	19.41x	3.93x	10.24x	3.78%