PetroChina Company Limited
PetroChina Company Limited is a leading integrated energy company, primarily engaged in the exploration, development, production, and sale of oil and gas products. As one of the largest oil and gas producers in China, the company plays a crucial role in meeting both domestic and international energy demands. PetroChina's business operations are organized into several key segments, including Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. This comprehensive structure allows PetroChina to operate across the entire oil and gas value chain, from upstream activities in resource extraction to downstream processing and sale. The company significantly impacts various sectors, not only in energy but also in petrochemicals and transport, reflecting its extensive reach and influence. As a key player in China’s energy sector and a state-owned enterprise, PetroChina is integral to the country's strategic energy security and economic development initiatives. The company's role in the global energy market makes it a pivotal entity in international trade and investment related to fossil fuels.
$1.23
+$0.00 (+0.00%)
EOD Oct 21, 2026
Operating margin is thin at 8.43%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 2.5% YoY. The question is whether this is cyclical or a structural shift.
Even for strong businesses, today's 8x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
8.0x earnings, 12.6x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
¥2.94T
▼ -2.5% YoY
Net Income (TTM)
¥192.81B
▼ -6.4% YoY
Op. Margin
8.97%
▼ -0.6pp YoY
ROIC
8.71%
▼ -1.1pp YoY
Cash Flow & Balance Sheet
FCF (FY)
¥119.72B
▲ +15.2% YoY
Op. Cash Flow (FY)
¥412.51B
▲ +110.9% YoY
Net Debt
¥108.69B
Cash & Equiv.
¥245.08B
3Y CAGR: -4.0%
3Y CAGR: -7.2%
Continue Research
Is PetroChina Company (PCCYF) overvalued?
At a P/E of 8.0 and a price-to-free-cash-flow of 12.6, PetroChina Company (PCCYF) trades below a two-stage DCF intrinsic value of about CNY 20.20 per share, so at CNY 1.23 the stock looks undervalued (1,542.5% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, PetroChina Company scores 47/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is PetroChina Company's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about CNY 20.20 per share for PCCYF, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around CNY 15.15. At today's CNY 1.23, that puts the stock about 1,542.5% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is PetroChina Company a high-quality business?+
PetroChina Company scores 47 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 9.0% operating margin and a 8.7% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is PetroChina Company a good stock to buy right now?+
That depends on valuation and quality together, not either alone. PCCYF currently trades below its estimated intrinsic value and scores 47/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Oil & Gas Integrated
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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