Utilities - Regulated Gas stocks worldwide, ranked

As of 13 Nov 2026, Hokkaido Gas (9534.T) ranks first in Utilities - Regulated Gas on MoatMap, with a MoatMap Score of 100/100, among 60 companies in 14 countries worth $200M or more that trade $1M or more a day. A research ranking, not investment advice.

The score reads each company's latest yearly results, so when a whole industry is near the top of its cycle, its companies can rank high together.

Live list, follows each night's scores · scores as of ·How we score stocks

The top 25 Utilities - Regulated Gas companies by MoatMap Score

#StockYieldP/EScoreQVMStyle · Activity
1
9534.T
Hokkaido Gas Co., Ltd.
Japan · $487.1M

Momentum 87: quarterly earnings growing and above its moving averages. Value 81: cheap on EV/EBITDA and cheap on sales. Quality 74: high gross profitability and interest well covered.

Yield 3.0%P/E 8.1
100
Score
74
Q
81
V
87
M
Full House
2
PGAS.JK
PT Perusahaan Gas Negara (Persero) Tbk
Indonesia · $1.8B

Value 90: a high yield and cheap on EV/EBITDA. Quality 77: strong free cash flow and interest well covered. Momentum 51: outperforming the market over 6 months but below its moving averages.

Yield 8.8%P/E 7.4
99
Score
77
Q
90
V
51
M
Full HouseDir. buy $80K
3
NTGY.MC
Naturgy Energy Group, S.A.
Spain · $32.3B

Quality 76: high return on equity and high gross profitability. Momentum 74: near its 52-week high and estimates revised up. Value 59: a high yield but far above book value.

Yield 6.0%P/E 13.7
97
Score
76
Q
59
V
74
M
Full House
4
9536.T
Saibu Gas Holdings Co.,Ltd.
Japan · $564.4M

Momentum 96: quarterly earnings growing and near its 52-week high. Value 55: cheap on sales. Quality 50: high gross profitability but high debt.

Yield 2.4%P/E 9.5
94
Score
50
Q
55
V
96
M
Second Wind
5
600803.SS
ENN Natural Gas Co., Ltd.
China · $9.1B

Quality 71: ROIC in the top 10% of its sector and interest well covered. Momentum 65: outperforming the market over 6 months and above its moving averages. Value 60: cheap on sales and cheap on EV/EBITDA.

Yield 4.6%P/E 15.9
92
Score
71
Q
60
V
65
M
Full HouseDir. buy $28KDir. sell $4.4M
6
2688.HK
ENN Energy Holdings Limited
China · $6.8B

Value 78: cheap on sales and cheap on EV/EBITDA. Quality 66: ROIC in the top 15% of its sector and interest well covered. Momentum 50: estimates revised up.

Yield 6.2%P/E 7.9
91
Score
66
Q
78
V
50
M
Unloved QualityDir. buy $67.0M
7
9543.T
Shizuoka Gas Co., Ltd.
Japan · $636.7M

Value 72: cheap on EV/EBITDA and cheap on sales. Quality 68: interest well covered and high gross profitability. Momentum 54: estimates revised up but EPS deteriorating.

Yield 3.2%P/E 10.3
91
Score
68
Q
72
V
54
M
Full House
8
9531.T
Tokyo Gas Co.,Ltd.
Japan · $12.9B

Quality 70: F-Score 8/9 and interest well covered. Value 65: cheap on EV/EBITDA and cheap on sales. Momentum 56: quarterly earnings growing but EPS deteriorating.

Yield 1.8%P/E 10.9
89
Score
70
Q
65
V
56
M
Full House
9
GAIL.NS
GAIL (India) Limited
India · $11.4B

Momentum 68: near its 52-week high and quarterly earnings growing. Quality 67: high gross profitability and interest well covered. Value 55: cheap on P/E but little or no yield.

Yield 0.3%P/E 9.7
88
Score
67
Q
55
V
68
M
Full House
10
AHGAZ.IS
Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S.
Turkey · $2.2B

Momentum 94: above its moving averages and outperforming the market over 6 months. Quality 62: strong free cash flow and low debt. Value 34: little or no yield.

Yield 0.1%P/E 22.1
88
Score
62
Q
34
V
94
M
Premium Grower
11
RGSI.TO
Rockpoint Gas Storage Inc.
Canada · $2.2B

Quality 90: wide operating margins and ROIC in the top 5% of its sector. Value 62: cheap on EV/EBITDA and a high yield. Momentum 38: estimates cut.

Yield 5.2%P/E 9.1
88
Score
90
Q
62
V
38
M
Unloved QualityDir. buy $395K
12
036460.KS
Korea Gas Corporation
South Korea · $2.4B

Momentum 80: outperforming the market over 6 months and quarterly earnings growing. Value 72: cheap on sales and cheap on free cash flow. Quality 35: high debt.

Yield 3.2%P/E 24.9
86
Score
35
Q
72
V
80
M
Second Wind
13
GUJENERGY.NS
Gujarat Energy Limited
India · $2.1B

Quality 81: high gross profitability and ROIC in the top 10% of its sector. Value 75: cheap on EV/EBITDA and cheap on P/E. Momentum 27: below its moving averages.

Yield 4.1%P/E 9.2
84
Score
81
Q
75
V
27
M
Unloved Quality
14
1663.T
K&O Energy Group Inc.
Japan · $632.6M

Quality 79: interest well covered and low debt. Value 68: cheap on EV/EBITDA and below book value. Momentum 35: below its moving averages.

Yield 1.7%P/E 12.6
83
Score
79
Q
68
V
35
M
Unloved Quality
15
002911.SZ
Foran Energy Group Co., Ltd.
China · $2.1B

Quality 72: F-Score 8/9 and interest well covered. Momentum 56: outperforming the market over 6 months but estimates cut. Value 52: cheap on sales but far above book value.

Yield 2.3%P/E 15.7
82
Score
72
Q
52
V
56
M
Full House
16
8174.T
Nippon Gas Co., Ltd.
Japan · $1.9B

Quality 80: high gross profitability and strong free cash flow. Momentum 52: estimates revised up but estimates cut. Value 49: far above book value.

Yield 4.1%P/E 18.8
82
Score
80
Q
49
V
52
M
Premium Grower
17
1193.HK
China Resources Gas Group Limited
Hong Kong · $4.6B

Value 74: cheap on sales and a high yield. Quality 59: interest well covered but a tight balance sheet. Momentum 45: estimates revised up but estimates cut.

Yield 5.7%P/E 10.6
80
Score
59
Q
74
V
45
M
Unloved Quality
18
SPH
Suburban Propane Partners, L.P.
United States · $1.2B

Value 68: a high yield and cheap on P/E. Quality 64: high return on equity and high gross profitability. Momentum 45: mixed.

Yield 7.7%P/E 8.9
79
Score
64
Q
68
V
45
M
Unloved QualityDir. sell $59K
19
UGI
UGI Corporation
United States · $8.3B

Quality 63: high gross profitability and F-Score 7/9. Value 57: cheap on EV/EBITDA but expensive on free cash flow. Momentum 56: near its 52-week high but estimates cut.

Yield 4.0%P/E 12.3
78
Score
63
Q
57
V
56
M
Full HouseDir. sell $852K
20
AYGAZ.IS
Aygaz A.S.
Turkey · $1.2B

Momentum 64: quarterly earnings growing and above its moving averages. Quality 60: low debt and interest well covered. Value 51: cheap on P/E but expensive on free cash flow.

Yield 4.7%P/E 7.0
78
Score
60
Q
51
V
64
M
Full House
21
603053.SS
Chengdu Gas Group Corporation Ltd.
China · $1.1B

Quality 69: low debt and interest well covered. Value 55: cheap on EV/EBITDA but expensive on P/E. Momentum 51: outperforming the market over 6 months.

Yield 3.7%P/E 24.0
78
Score
69
Q
55
V
51
M
Full House
22
MGL.NS
Mahanagar Gas Limited
India · $1.1B

Quality 73: high gross profitability and low debt. Momentum 54: near its 52-week high but estimates cut. Value 48: cheap on EV/EBITDA but expensive on free cash flow.

Yield 2.7%P/E 16.9
78
Score
73
Q
48
V
54
M
Premium Grower
23
601139.SS
Shenzhen Gas Corporation Ltd.
China · $2.6B

Value 62: cheap on sales and cheap on EV/EBITDA. Quality 59: interest well covered but thin operating margins. Momentum 53: outperforming the market over 6 months but estimates cut.

Yield 2.5%P/E 12.7
76
Score
59
Q
62
V
53
M
Full House
24
9532.T
Osaka Gas Co., Ltd.
Japan · $13.9B

Quality 64: interest well covered and F-Score 7/9. Momentum 56: outperforming the market over 6 months but EPS deteriorating. Value 51: little or no yield.

Yield 2.1%P/E 17.3
75
Score
64
Q
51
V
56
M
Full House
25
0003.HK
The Hong Kong and China Gas Company Limited
Hong Kong · $17.1B

Momentum 72: near its 52-week high and estimates revised up. Quality 60: high gross profitability and strong free cash flow. Value 34: expensive on EV/EBITDA.

Yield 4.8%P/E 21.8
70
Score
60
Q
34
V
72
M
Premium Grower

Ranked by MoatMap Score, the 0 to 100 score of Quality, Value and Momentum, among companies worth $200M or more that trade $1M or more a day, one line per company. Director dealings are director purchases and sales filed in the last 180 days, where MoatMap carries the market's filings.