Valuation · at the close on 16 Oct 2026

Sui Northern Gas Pipelines Limited (SNGP) valuation

At Rs 90.50 (close on 16 Oct 2026) SNGP trades at 3.9× earnings (FY2025), above its five-year average of 2.9× and below the Oil & Gas Marketing Companies median of 6.8×. The shares are priced at 0.81× book value (sector median 1.11×). Enterprise value of Rs 248.1 bn is 3.0× EBITDA. The dividend yield is 3.3%, against a five-year average of 9.6%.

P/E · today

3.9×

FY2025

5-yr average2.9× Sector median6.8×

P/B · today

0.81×

FY2025

5-yr average0.75× Sector median1.11×

EV/EBITDA · today

3.0×

5-yr average2.9× Sector median4.7×

Dividend yield · today

3.3%

FY2025

5-yr average9.6% Payers' median3.2%

Market value Rs 57.4 bn at Rs 90.50. Sector medians use the latest close of 9 Oil & Gas Marketing Companies companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

Valuation history

At each fiscal year-end price.

5 10 All

SNGP valuation history (annual) (Rs bn)

Rs bn	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007	FY2006 Jul 2005 – Jun 2006
Market capitalisation	74.0	40.3	25.0	21.7	30.8	34.6	44.1	63.6	94.4	23.0	16.9	14.4	12.7	9.7	10.9	15.3	17.5	23.9	38.8	49.9
Enterprise value	264.8	220.7	184.4	90.5	123.0	136.8	117.3	122.9	147.0	59.1	33.6	24.1	21.7	21.1	21.0	16.2	20.1	19.6	31.9	44.5
Share price (period end) Rs	116.71	63.47	39.37	34.21	48.58	54.60	69.49	100.22	148.92	36.29	26.64	22.65	20.06	15.35	17.25	24.06	27.66	37.72	61.26	78.71
P/E (diluted)	5.07×	2.12×	2.36×	2.09×	2.80×	5.77×	6.23×	5.72×	10.96×	185.59×	—	—	—	3.20×	8.02×	5.69×	18.85×	9.58×	14.50×	13.41×
Price to book	1.05×	0.63×	0.55×	0.55×	0.90×	1.38×	2.09×	3.40×	8.91×	6.22×	4.73×	2.37×	1.27×	0.50×	0.48×	0.78×	1.03×	1.40×	2.38×	3.00×
Price to sales	0.05×	0.03×	0.02×	0.02×	0.04×	0.05×	0.06×	0.13×	0.27×	0.09×	0.08×	0.07×	0.06×	0.04×	0.05×	0.09×	0.10×	0.19×	0.35×	0.47×
EV / EBITDA	3.17×	5.50×	5.28×	1.18×	1.85×	2.03×	2.71×	3.55×	6.01×	7.82×	7.51×	12.22×	—	1.40×	2.06×	1.21×	2.26×	2.48×	6.15×	7.03×
EV / Sales	0.19×	0.14×	0.14×	0.07×	0.16×	0.18×	0.16×	0.24×	0.42×	0.24×	0.16×	0.11×	0.11×	0.10×	0.11×	0.10×	0.12×	0.16×	0.28×	0.42×
Dividend yield (gross)	10.3%	0.0%	10.2%	20.5%	12.4%	0.0%	10.1%	7.5%	0.0%	0.0%	0.0%	0.0%	12.5%	5.6%	10.0%	0.0%	11.0%	6.9%	3.9%	3.0%
Free cash flow yield	(3.4%)	(40.4%)	(326.5%)	115.7%	24.3%	33.9%	(23.9%)	(3.2%)	(17.6%)	(83.9%)	(41.0%)	(5.5%)	30.7%	(7.5%)	(87.1%)	11.3%	(25.4%)	(10.7%)	3.1%	20.2%
PEG ratio	(0.22×)	0.03×	1.24×	(0.37×)	0.03×	(0.38×)	(0.17×)	0.20×	0.00×	1.77×	—	—	—	0.03×	(0.16×)	0.03×	(0.30×)	(1.41×)	(0.52×)	0.37×
P/E (diluted, normalised)	1.75×	2.10×	2.36×	2.09×	2.77×	5.70×	6.22×	5.67×	10.99×	145.64×	—	—	—	3.20×	8.01×	5.69×	103.65×	22.69×	35.09×	21.47×
Price to book — 5-year average	0.75×	0.73×	0.94×	1.40×	2.44×	3.28×	4.20×	4.98×	4.75×	1.80×	1.05×	0.81×	0.75×	0.81×	1.15×	1.68×	2.01×	2.38×	2.38×	2.06×
EV / EBITDA — 5-year average	2.93×	2.65×	2.26×	2.05×	2.74×	3.29×	4.19×	5.29×	10.94×	9.55×	6.28×	3.69×	2.85×	1.77×	2.39×	3.17×	4.30×	5.08×	5.39×	4.69×
Dividend yield — 5-year average	9.6%	7.1%	9.8%	9.0%	4.9%	3.6%	3.8%	2.2%	1.0%	2.8%	5.0%	5.1%	7.8%	6.7%	5.8%	4.5%	4.9%	4.0%	3.8%	4.2%

SNGP valuation: frequently asked questions

What is SNGP's P/E ratio? +

At the closing price of Rs 90.50 on 16 Oct 2026, SNGP trades at a P/E of 3.9× based on EPS of Rs 23.01 (FY2025).

What is SNGP's book value per share? +

Sui Northern Gas Pipelines Limited's book value per share was Rs 111.39 at the end of FY2025. The shares trade at 0.81× book value.

Information only, not investment advice.