PTT Public Company Limited

SET:PTT Stock Report

Market Cap: ฿1.0t

PTT Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: PTT (THB35.75) is trading below our estimate of future cash flow value (THB172.28)

Significantly Below Future Cash Flow Value: PTT is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PTT. This is calculated by dividing PTT's market cap by their current earnings.
What is PTT's PE Ratio?
PE Ratio13.9x
Earnings฿73.55b
Market Cap฿1.02t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PTT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.8x
PTTEP PTT Exploration and Production
9.5x3.07%฿537.9b
TOP Thai Oil
7.9x-1.88%฿115.0b
SIBN Gazprom Neft
3.7xn/a₽1.8t
CVE Cenovus Energy
18.1x8.21%CA$56.4b
PTT PTT
13.9x10.43%฿1.0t

Price-To-Earnings vs Peers: PTT is expensive based on its Price-To-Earnings Ratio (13.9x) compared to the peer average (11.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PTT 13.9xIndustry Avg. 14.0xNo. of Companies41PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PTT is good value based on its Price-To-Earnings Ratio (13.9x) compared to the Asian Oil and Gas industry average (14x).

Price to Earnings Ratio vs Fair Ratio

What is PTT'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.

PTT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.9x
Fair PE Ratio15.9x

Price-To-Earnings vs Fair Ratio: PTT is good value based on its Price-To-Earnings Ratio (13.9x) compared to the estimated Fair Price-To-Earnings Ratio (15.9x).

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 PTT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿35.75
฿35.44
-0.88%
8.09%฿40.00฿27.80n/a18
Feb ’27฿34.00
฿35.19
+3.49%
8.53%฿40.00฿27.80n/a18
Jan ’27฿32.00
฿35.24
+10.13%
8.61%฿40.00฿27.80n/a18
Dec ’26฿31.25
฿35.19
+12.60%
8.66%฿40.00฿27.80n/a18
Nov ’26฿30.75
฿34.93
+13.60%
9.25%฿40.00฿27.00n/a18
Oct ’26฿32.25
฿34.88
+8.15%
9.16%฿40.00฿27.00n/a18
Sep ’26฿31.50
฿33.94
+7.74%
10.21%฿40.00฿26.00n/a19
Aug ’26฿32.25
฿33.55
+4.02%
11.30%฿40.00฿26.00n/a19
Jul ’26฿30.50
฿33.44
+9.65%
11.12%฿40.00฿26.00n/a19
Jun ’26฿29.75
฿34.00
+14.27%
11.73%฿41.50฿26.00n/a21
May ’26฿31.00
฿34.47
+11.18%
12.14%฿41.50฿26.00n/a21
Apr ’26฿32.00
฿34.90
+9.06%
11.53%฿41.50฿26.00n/a22
Mar ’26฿31.50
฿35.72
+13.39%
10.80%฿43.00฿26.00n/a22
Feb ’26฿31.50
฿36.79
+16.78%
9.50%฿43.00฿29.50฿34.0022
Jan ’26฿31.75
฿37.02
+16.61%
9.54%฿43.00฿29.50฿32.0021
Dec ’25฿32.25
฿37.21
+15.39%
9.17%฿43.00฿29.50฿31.2521
Nov ’25฿33.75
฿36.86
+9.20%
10.87%฿43.00฿29.00฿30.7520
Oct ’25฿33.75
฿36.40
+7.85%
12.08%฿43.00฿29.00฿32.2519
Sep ’25฿33.50
฿36.53
+9.04%
11.99%฿43.00฿29.00฿31.5020
Aug ’25฿31.75
฿37.32
+17.53%
11.68%฿44.00฿29.00฿32.2519
Jul ’25฿32.50
฿37.32
+14.82%
11.68%฿44.00฿29.00฿30.5019
Jun ’25฿32.75
฿37.55
+14.66%
11.39%฿44.00฿29.00฿29.7520
May ’25฿33.75
฿37.50
+11.11%
11.22%฿43.00฿29.00฿31.0019
Apr ’25฿33.75
฿37.63
+11.49%
11.16%฿43.50฿30.00฿32.0019
Mar ’25฿34.00
฿38.01
+11.80%
11.23%฿43.70฿30.00฿31.5018
Feb ’25฿34.25
฿38.04
+11.07%
11.36%฿43.70฿30.00฿31.5017
฿35.44
Fair Value
0.9% overvalued intrinsic discount
18
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 Analysis2026/02/16 11:33
End of Day Share Price 2026/02/16 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

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

PTT Public Company Limited is covered by 30 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nalinrat KittikumpolratAsia Plus Securities Company Limited
Komsun SuksumrunBofA Global Research
Suppata SrisukBualuang Securities PCL