INPEX Lands Lucrative LNG and Gas Deals, But Can the Company Deliver?

INPEX, the Japanese energy giant, has just inked a series of long-term deals with Indonesian companies for the sale and purchase of Abadi LNG and gas. On the surface, this looks like a major coup for the company, but scratch beneath and you’ll find a more complex picture.

The company’s stock price has been on a wild ride over the past year, hitting a 52-week high of ¥2,507.5 in July 2024 and a low of ¥1,651 in April 2025. The current price of ¥2,114.5 may look respectable, but it’s a far cry from the highs of last year. And with a price-to-earnings ratio of 5.82 and a price-to-book ratio of 0.53306, investors are left wondering if INPEX is truly a value play.

Here are the key numbers:

• ¥2,507.5: the 52-week high reached in July 2024
• ¥1,651: the 52-week low hit in April 2025
• ¥2,114.5: the current stock price
• 5.82: the price-to-earnings ratio
• 0.53306: the price-to-book ratio

While INPEX’s long-term deals with Indonesian companies may be a positive development, the company’s valuation raises more questions than answers. Can INPEX deliver on its promises, or is this just another example of a company overpromising and underdelivering? Only time will tell, but one thing is certain: investors will be watching INPEX’s every move with a critical eye.