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China Gas Valuation Multiples
Discover revenue and EBITDA valuation multiples for China Gas and similar public comparables like Atco, Enagas, Algonquin Power & Utilities, TAURON and more.
China Gas Overview
About China Gas
China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2025 (ended March 31, 2025), the group had secured a total of 662 piped gas concessions and 488 compressed natural gas/liquefied natural gas refilling stations for vehicles in China. In total, CGH has connected 48.5 million residential households and achieved a penetration rate of 72.9%.
Founded
1995
HQ
Employees
74.2K
Website
Sectors
Financials (LTM)
EV
$11B
China Gas Financials
China Gas reported last 12-month revenue of $10B and EBITDA of $1B.
In the same LTM period, China Gas generated $1B in gross profit, $1B in EBITDA, and $395M in net income.
Revenue (LTM)
China Gas P&L
In the most recent fiscal year, China Gas reported revenue of $10B and EBITDA of $1B.
China Gas expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $10B | XXX | $10B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $395M | XXX | $415M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | — | — | $7B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
China Gas Stock Performance
China Gas has current market cap of $5B, and enterprise value of $11B.
Market Cap Evolution
China Gas' stock price is $0.91.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11B | $5B | 0.0% | XXX | XXX | XXX | $0.08 |
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Start Free TrialChina Gas Valuation Multiples
China Gas trades at 1.2x EV/Revenue multiple, and 9.3x EV/EBITDA.
EV / Revenue (LTM)
China Gas Financial Valuation Multiples
As of April 20, 2026, China Gas has market cap of $5B and EV of $11B.
Equity research analysts estimate China Gas' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
China Gas has a P/E ratio of 12.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | 9.3x | XXX | 8.9x | XXX | XXX | XXX |
| EV/EBIT | 13.6x | XXX | 13.9x | XXX | XXX | XXX |
| EV/Gross Profit | 8.1x | XXX | 7.9x | XXX | XXX | XXX |
| P/E | 12.6x | XXX | 12.0x | XXX | XXX | XXX |
| EV/FCF | 20.2x | XXX | 33.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified China Gas Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
China Gas Margins & Growth Rates
China Gas' revenue in the last 12 month grew by 2%.
China Gas' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
China Gas' rule of 40 is 13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
China Gas' rule of X is 14% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
China Gas Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | (4%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 13% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 14% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 6% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
China Gas Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| China Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Atco | XXX | XXX | XXX | XXX | XXX | XXX |
| Enagas | XXX | XXX | XXX | XXX | XXX | XXX |
| Algonquin Power & Utilities | XXX | XXX | XXX | XXX | XXX | XXX |
| TAURON | XXX | XXX | XXX | XXX | XXX | XXX |
| Nuclearelectrica | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
China Gas M&A Activity
China Gas acquired XXX companies to date.
Last acquisition by China Gas was on XXXXXXXX, XXXXX. China Gas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by China Gas
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialChina Gas Investment Activity
China Gas invested in XXX companies to date.
China Gas made its latest investment on XXXXXXXX, XXXXX. China Gas invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by China Gas
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout China Gas
| When was China Gas founded? | China Gas was founded in 1995. |
| Where is China Gas headquartered? | China Gas is headquartered in China. |
| How many employees does China Gas have? | As of today, China Gas has over 74K employees. |
| Is China Gas publicly listed? | Yes, China Gas is a public company listed on HKEX. |
| What is the stock symbol of China Gas? | China Gas trades under 00384 ticker. |
| When did China Gas go public? | China Gas went public in 1995. |
| Who are competitors of China Gas? | China Gas main competitors are Atco, Enagas, Algonquin Power & Utilities, TAURON. |
| What is the current market cap of China Gas? | China Gas' current market cap is $5B. |
| What is the current revenue of China Gas? | China Gas' last 12 months revenue is $10B. |
| What is the current revenue growth of China Gas? | China Gas revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of China Gas? | Current revenue multiple of China Gas is 1.2x. |
| Is China Gas profitable? | Yes, China Gas is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of China Gas? | China Gas' last 12 months EBITDA is $1B. |
| What is China Gas' EBITDA margin? | China Gas' last 12 months EBITDA margin is 12%. |
| What is the current EV/EBITDA multiple of China Gas? | Current EBITDA multiple of China Gas is 9.3x. |
| What is the current FCF of China Gas? | China Gas' last 12 months FCF is $565M. |
| What is China Gas' FCF margin? | China Gas' last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of China Gas? | Current FCF multiple of China Gas is 20.2x. |
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