Valuation Aramco

Equities

2222

SA14TG012N13

Integrated Oil & Gas

Market Closed - Saudi Arabian S.E. Other stock markets 15:20:00 16/04/2026 +03			5-day change	1st Jan Change
27.52 ^SAR	-0.07%		+1.18%	+15.48%

07:31am	Saipem eases litigation burden amid USD3.8 billion arbitration	AN
04-16	Saipem secures two offshore contracts in Saudi Arabia worth approximately USD400 million	AN

Company Valuation: Aramco

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	7,155,811	7,058,889	7,982,949	6,786,661	5,763,398	6,657,292	-	-
Change	-	-1.35%	13.09%	-14.99%	-15.08%	15.51%	-	-
Enterprise Value (EV) ¹	7,340,080	6,944,771	7,889,780	6,876,123	5,831,909	6,857,745	6,850,995	6,669,292
Change	-	-5.39%	13.61%	-12.85%	-15.19%	17.59%	-0.1%	-2.65%
P/E ratio	18.1x	11.8x	17.6x	17.2x	16.5x	17.3x	16.1x	15.8x
PBR	6.43x	4.87x	5.2x	4.65x	3.86x	4.24x	4.1x	3.79x
PEG	-	0.2x	-0.7x	-1.3x	-1.4x	1.6x	2.2x	8.06x
Capitalization / Revenue	4.76x	3.11x	4.3x	3.77x	3.45x	3.65x	3.87x	4.05x
EV / Revenue	4.89x	3.06x	4.25x	3.82x	3.49x	3.76x	3.98x	4.05x
EV / EBITDA	8.56x	5.62x	8.17x	7.83x	7.29x	7.9x	7.52x	7.08x
EV / EBIT	9.51x	6.07x	9.09x	8.88x	8.25x	8.74x	8.38x	7.87x
EV / FCF	18.2x	12.5x	20.8x	21.5x	18.2x	21.4x	20.1x	18.8x
FCF Yield	5.49%	8.02%	4.81%	4.65%	5.49%	4.67%	4.98%	5.31%
Dividend per Share ²	1.157	1.191	1.695	1.776	1.325	1.37	1.463	1.529
Rate of return	3.91%	4.08%	5.14%	6.33%	5.56%	4.98%	5.32%	5.55%
EPS ²	1.636	2.473	1.87	1.63	1.44	1.591	1.708	1.742
Distribution rate	70.7%	48.2%	90.6%	109%	92%	86.1%	85.6%	87.8%
Net sales ¹	1,501,758	2,266,373	1,856,373	1,801,674	1,671,204	1,825,019	1,722,130	1,645,198
EBITDA ¹	857,439	1,235,695	965,330	877,834	799,913	867,613	911,329	941,945
EBIT ¹	771,918	1,144,077	868,290	774,630	706,822	784,214	817,386	847,810
Net income ¹	395,203	597,215	452,753	393,891	348,042	402,657	417,512	411,050
Net Debt ¹	184,269	-114,118	-93,169	89,462	68,511	200,453	193,703	12,000
Reference price ²	29.59	29.18	33.00	28.05	23.83	27.52	27.52	27.52
Nbr of stocks (in thousands)	241,858,445	241,893,399	241,907,556	241,948,700	241,854,700	241,907,400	-	-
Announcement Date	3/21/22 A	3/13/23 A	3/10/24 A	3/4/25 A	3/10/26 A	-	-	-

¹SAR in Million²SAR

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ARAMCO	17.29x	3.76x	7.9x	4.98%	1,775B
CHEVRON CORPORATION	17.49x	1.84x	7.25x	3.79%	375B
SHELL PLC	9.37x	0.96x	4.53x	3.27%	257B
TOTALENERGIES SE	9.13x	1.13x	4.59x	4.44%	194B
PETROBRAS	5x	1.77x	3.57x	10.7%	133B
EQUINOR ASA	9.08x	0.86x	2.23x	4.17%	94.69B
ENI S.P.A.	10.5x	0.8x	4.2x	4.76%	81.06B
NC KAZMUNAYGAS	8.45x	1.86x	6.76x	4.74%	39.54B
Average	10.79x	1.62x	5.13x	5.1%	368.55B
Weighted average by Cap.	14.97x	2.81x	6.81x	4.86%