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China Resources Gas Valuation Multiples
Discover revenue and EBITDA valuation multiples for China Resources Gas and similar public comparables like Mercury NZ, Contact Energy, Spire, Kurita Water and more.
China Resources Gas Overview
About China Resources Gas
China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2024, CRG’s portfolio comprised 276 city gas projects in China. The firm achieved annual gas sales volume of 39.9 billion cubic meters and has connected 60.1 million residential customers, or a penetration rate of 60.4%.
Founded
2007
HQ

Employees
57.5K
Website
Sectors
Financials (LTM)
EV
$7B
China Resources Gas Financials
China Resources Gas reported last 12-month revenue of $13B and EBITDA of $1B.
In the same LTM period, China Resources Gas generated $2B in gross profit, $1B in EBITDA, and $454M in net income.
Revenue (LTM)
China Resources Gas P&L
In the most recent fiscal year, China Resources Gas reported revenue of $13B and EBITDA of $2B.
China Resources Gas expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $13B | XXX | $13B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| Net Profit | $454M | XXX | $522M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
China Resources Gas Stock Performance
China Resources Gas has current market cap of $5B, and enterprise value of $7B.
Market Cap Evolution
China Resources Gas' stock price is $2.40.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7B | $5B | 0.0% | XXX | XXX | XXX | $0.23 |
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China Resources Gas trades at 0.6x EV/Revenue multiple, and 5.6x EV/EBITDA.
EV / Revenue (LTM)
China Resources Gas Financial Valuation Multiples
As of April 20, 2026, China Resources Gas has market cap of $5B and EV of $7B.
Equity research analysts estimate China Resources Gas' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
China Resources Gas has a P/E ratio of 12.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 5.6x | XXX | 4.8x | XXX | XXX | XXX |
| EV/EBIT | 8.2x | XXX | 8.5x | XXX | XXX | XXX |
| EV/Gross Profit | 3.3x | XXX | 3.2x | XXX | XXX | XXX |
| P/E | 12.1x | XXX | 10.5x | XXX | XXX | XXX |
| EV/FCF | 16.3x | XXX | 22.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified China Resources 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 Resources Gas Margins & Growth Rates
China Resources Gas' revenue in the last 12 month grew by 3%.
China Resources Gas' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
China Resources Gas' rule of 40 is 14% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
China Resources Gas' rule of X is 20% (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 Resources Gas Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | (5%) | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | (14%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 14% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 20% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 7% | XXX | 7% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 11% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
China Resources Gas Public Comps
See public comps and valuation multiples for other Energy Services and Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| China Resources Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Mercury NZ | XXX | XXX | XXX | XXX | XXX | XXX |
| Contact Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Spire | XXX | XXX | XXX | XXX | XXX | XXX |
| Kurita Water | XXX | XXX | XXX | XXX | XXX | XXX |
| ONE Gas | 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 Resources Gas M&A Activity
China Resources Gas acquired XXX companies to date.
Last acquisition by China Resources Gas was on XXXXXXXX, XXXXX. China Resources Gas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by China Resources 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 Resources Gas Investment Activity
China Resources Gas invested in XXX companies to date.
China Resources Gas made its latest investment on XXXXXXXX, XXXXX. China Resources Gas invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by China Resources 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 Resources Gas
| When was China Resources Gas founded? | China Resources Gas was founded in 2007. |
| Where is China Resources Gas headquartered? | China Resources Gas is headquartered in China. |
| How many employees does China Resources Gas have? | As of today, China Resources Gas has over 57K employees. |
| Who is the CEO of China Resources Gas? | China Resources Gas' CEO is Yan Qin. |
| Is China Resources Gas publicly listed? | Yes, China Resources Gas is a public company listed on HKEX. |
| What is the stock symbol of China Resources Gas? | China Resources Gas trades under 01193 ticker. |
| When did China Resources Gas go public? | China Resources Gas went public in 1994. |
| Who are competitors of China Resources Gas? | China Resources Gas main competitors are Mercury NZ, Contact Energy, Spire, Kurita Water. |
| What is the current market cap of China Resources Gas? | China Resources Gas' current market cap is $5B. |
| What is the current revenue of China Resources Gas? | China Resources Gas' last 12 months revenue is $13B. |
| What is the current revenue growth of China Resources Gas? | China Resources Gas revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of China Resources Gas? | Current revenue multiple of China Resources Gas is 0.6x. |
| Is China Resources Gas profitable? | Yes, China Resources Gas is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of China Resources Gas? | China Resources Gas' last 12 months EBITDA is $1B. |
| What is China Resources Gas' EBITDA margin? | China Resources Gas' last 12 months EBITDA margin is 11%. |
| What is the current EV/EBITDA multiple of China Resources Gas? | Current EBITDA multiple of China Resources Gas is 5.6x. |
| What is the current FCF of China Resources Gas? | China Resources Gas' last 12 months FCF is $458M. |
| What is China Resources Gas' FCF margin? | China Resources Gas' last 12 months FCF margin is 4%. |
| What is the current EV/FCF multiple of China Resources Gas? | Current FCF multiple of China Resources Gas is 16.3x. |
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