PetroChina Company Limited

WBAG:PECN Stock Report

Market Cap: €205.5b

PetroChina Valuation

Is PECN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PECN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PECN (€0.75) is trading below our estimate of fair value (€1.46)

Significantly Below Fair Value: PECN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PECN?

Key metric: As PECN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PECN. This is calculated by dividing PECN's market cap by their current earnings.
What is PECN's PE Ratio?
PE Ratio6.4x
EarningsCN¥162.02b
Market CapCN¥1.54t

Price to Earnings Ratio vs Peers

How does PECN's PE Ratio compare to its peers?

The above table shows the PE ratio for PECN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.3x
OMV OMV
9.5x16.7%€12.6b
SHEL Shell
12.4x4.8%UK£157.0b
CVX Chevron
15.8x7.1%US$260.3b
TTE TotalEnergies
7.5x0.9%€122.5b
PECN PetroChina
6.4x-3.9%€1.6t

Price-To-Earnings vs Peers: PECN is good value based on its Price-To-Earnings Ratio (6.4x) compared to the peer average (11.3x).

Price to Earnings Ratio vs Industry

How does PECN's PE Ratio compare vs other companies in the European Oil and Gas Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PECN 6.4xIndustry Avg. 8.7xNo. of Companies16PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PECN is good value based on its Price-To-Earnings Ratio (6.4x) compared to the European Oil and Gas industry average (8.6x).

Price to Earnings Ratio vs Fair Ratio

What is PECN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PECN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.4x
Fair PE Ratio10.7x

Price-To-Earnings vs Fair Ratio: PECN is good value based on its Price-To-Earnings Ratio (6.4x) compared to the estimated Fair Price-To-Earnings Ratio (10.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PECN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.75
€0.98
+30.6%
17.2%€1.22€0.43n/a17
Dec ’25€0.67
€0.97
+44.5%
16.9%€1.22€0.42n/a18
Nov ’25€0.70
€0.95
+36.2%
16.9%€1.20€0.41n/a18
Oct ’25€0.74
€0.94
+27.8%
18.6%€1.18€0.41n/a17
Sep ’25€0.82
€0.96
+17.2%
18.3%€1.21€0.41n/a16
Aug ’25€0.82
€0.96
+18.0%
19.6%€1.26€0.41n/a16
Jul ’25€0.94
€0.96
+2.0%
18.9%€1.19€0.42n/a16
Jun ’25€0.95
€0.91
-3.6%
18.4%€1.15€0.41n/a16
May ’25€0.88
€0.90
+2.0%
19.3%€1.17€0.42n/a15
Apr ’25€0.78
€0.83
+6.1%
16.1%€0.96€0.41n/a15
Mar ’25€0.72
€0.78
+8.6%
15.4%€0.95€0.41n/a14
Feb ’25€0.65
€0.78
+18.9%
14.9%€0.95€0.41n/a15
Jan ’25€0.59
€0.79
+34.3%
15.5%€0.95€0.42€0.7415
Dec ’24€0.60
€0.79
+31.3%
15.4%€0.95€0.41€0.6715
Nov ’24€0.62
€0.80
+27.8%
15.2%€0.96€0.42€0.7015
Oct ’24€0.71
€0.78
+8.9%
14.4%€0.92€0.42€0.7415
Sep ’24€0.66
€0.75
+13.1%
13.7%€0.91€0.42€0.8216
Aug ’24€0.66
€0.72
+8.0%
15.6%€0.91€0.37€0.8216
Jul ’24€0.63
€0.69
+9.4%
14.2%€0.84€0.37€0.9416
Jun ’24€0.61
€0.72
+17.9%
14.4%€0.87€0.37€0.9516
May ’24€0.61
€0.67
+9.6%
14.0%€0.75€0.37€0.8815
Apr ’24€0.54
€0.60
+11.1%
17.3%€0.75€0.32€0.7815
Mar ’24€0.49
€0.59
+20.0%
17.7%€0.76€0.32€0.7216
Feb ’24€0.49
€0.58
+19.2%
18.2%€0.76€0.32€0.6516
Jan ’24€0.43
€0.59
+36.4%
19.8%€0.76€0.33€0.5915

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 01:09
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PetroChina Company Limited is covered by 62 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Scott Lee DarlingBarclays
Bradley WayBNP Paribas Securities (Asia)
Cho Ming LauBOCI Research Ltd.