PJSC Gazprom Neft (GAZ.L)

PJSC Gazprom Neft (GAZ.L) — VMCI valuation read

PJSC Gazprom Neft (GAZ.L) carries a VMCI composite of 67/100, 17 points above the Energy sector median of 50. Among mid-cap names, that gap places GAZ.L in the top third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).

The GAZ.L insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.

**Investor frame.** Value reads GAZ.L trades at 18.0x earnings, 0% above the Energy median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Energy 12.0x. Quality: ROIC of 14.0% sits 4.0pp above the Energy median (10.0%). Risk: net debt to EBITDA of 2.3x is the rate-sensitivity line to watch, the line to track on PJSC Gazprom Neft's next 10-Q.

GAZ.L rose 3.9% over the trailing 7 days, with a -20.6% read on a 30-day basis.