APA Group

DB:PJZ Stock Report

Market Cap: €6.6b

APA Group Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 PJZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€13.02
Fair Value
62.0% undervalued intrinsic discount
11
Number of Analysts

Below Fair Value: PJZ (€5) is trading below our estimate of fair value (€13.12)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PJZ. This is calculated by dividing PJZ's market cap by their current earnings.
What is PJZ's PE Ratio?
PE Ratio120.2x
EarningsAU$99.00m
Market CapAU$11.90b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PJZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.2x
MVV1 MVV Energie
13.1xn/a€2.0b
MNV6 Mainova
7.3xn/a€2.2b
135 Kunlun Energy
9.7x6.99%HK$61.3b
ATGL Adani Total Gas
106.6xn/a₹690.7b
PJZ APA Group
120.2x25.34%€11.9b

Price-To-Earnings vs Peers: PJZ is expensive based on its Price-To-Earnings Ratio (120.2x) compared to the peer average (34.2x).

Price to Earnings Ratio vs Industry

How does PJZ's PE Ratio compare vs other companies in the Global Gas Utilities Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PJZ 120.2xIndustry Avg. 13.9xNo. of Companies22PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PJZ is expensive based on its Price-To-Earnings Ratio (120.2x) compared to the Global Gas Utilities industry average (13.9x).

Price to Earnings Ratio vs Fair Ratio

What is PJZ'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.

PJZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio120.2x
Fair PE Ratio19x

Price-To-Earnings vs Fair Ratio: PJZ is expensive based on its Price-To-Earnings Ratio (120.2x) compared to the estimated Fair Price-To-Earnings Ratio (19x).

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 PJZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.00
€4.94
-1.10%
5.63%€5.25€4.35n/a11
Oct ’26€4.93
€4.95
+0.46%
5.85%€5.27€4.36n/a10
Sep ’26€4.83
€4.86
+0.79%
5.82%€5.19€4.30n/a10
Aug ’26€4.64
€4.74
+2.31%
5.58%€5.23€4.28n/a9
Jul ’26€4.50
€4.62
+2.72%
7.46%€5.18€3.90n/a10
Jun ’26€4.56
€4.66
+2.25%
8.01%€5.27€3.97n/a10
May ’26€4.53
€4.62
+2.10%
7.73%€5.25€3.95n/a10
Apr ’26€4.50
€4.78
+6.16%
8.09%€5.37€4.04n/a11
Mar ’26€4.32
€4.99
+15.57%
8.09%€5.61€4.22n/a11
Feb ’26€4.00
€4.95
+23.83%
9.77%€5.58€3.96n/a11
Jan ’26€4.07
€4.96
+21.96%
9.76%€5.56€3.95n/a11
Dec ’25€4.35
€5.13
+17.97%
8.95%€5.70€4.05n/a11
Nov ’25€4.07
€5.18
+27.33%
8.91%€5.75€4.08n/a11
Oct ’25€4.71
€5.16
+9.60%
6.44%€5.68€4.52€4.9312
Sep ’25€4.52
€5.19
+14.73%
6.38%€5.70€4.53€4.8312
Aug ’25€4.66
€5.37
+15.21%
6.98%€5.97€4.49€4.6412
Jul ’25€4.84
€5.54
+14.41%
6.90%€6.15€4.65€4.5012
Jun ’25€4.97
€5.46
+9.78%
6.90%€6.07€4.58€4.5612
May ’25€4.96
€5.40
+8.97%
6.90%€6.00€4.53€4.5312
Apr ’25€4.96
€5.41
+9.00%
7.39%€5.97€4.51€4.5012
Mar ’25€4.64
€5.37
+15.72%
7.39%€5.97€4.51€4.3212
Feb ’25€5.01
€5.49
+9.48%
6.95%€6.03€4.57€4.0011
Jan ’25€5.17
€5.54
+7.28%
6.82%€6.12€4.63€4.0711
Dec ’24€5.09
€5.47
+7.58%
7.68%€6.21€4.51€4.3511
Nov ’24€4.87
€5.76
+18.27%
6.14%€6.49€5.25€4.0711
Oct ’24€5.03
€5.85
+16.28%
6.07%€6.49€5.25€4.7110
€4.8
Fair Value
3.0% overvalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/12 14:40
End of Day Share Price 2025/10/10 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

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.

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 Github.

Analyst Sources

APA Group is covered by 23 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightAPP Securities Pty Ltd.
Dale KoendersBarrenjoey Markets Pty Limited
Reinhardt van der WaltBofA Global Research