Frieslandcampina Engro Pakistan Limited (FCEPL) valuation

At Rs 133.39 (close on 16 Oct 2026) FCEPL trades at 17.7× earnings (TTM to Jun 2026), below its five-year average of 30.7× and above the Food & Personal Care Products median of 16.1×. The shares are priced at 5.47× book value (sector median 2.38×). Enterprise value of Rs 104.2 bn is 8.1× EBITDA. The dividend yield is 2.6%, against a five-year average of 0.7%.

P/E · today: 17.7×; TTM to Jun 2026; 5-yr average30.7× Sector median16.1×
P/B · today: 5.47×; Quarter to Jun 2026; 5-yr average4.43× Sector median2.38×
EV/EBITDA · today: 8.1×; 5-yr average8.7× Sector median8.8×
Dividend yield · today: 2.6%; FY2025; 5-yr average0.7% Payers' median5.0%

Market value Rs 102.3 bn at Rs 133.39. Sector medians use the latest close of 25 Food & Personal Care Products companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

P/E history P/E at fiscal year-end 5-year average

Valuation history

At each fiscal year-end price.

FCEPL valuation history (annual) (Rs bn)
Rs bn	FY2025 Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 Jan – Dec 2010	FY2009 Jan – Dec 2009	FY2008 Jan – Dec 2008	FY2007 Jan – Dec 2007	FY2006 Jan – Dec 2006
Market capitalisation	66.3	68.4	62.8	50.4	65.0	63.1	60.8	61.1	61.6	140.0	106.9	79.2	76.2	71.0	16.1	—	—	—	—	—
Enterprise value	68.3	67.7	61.6	49.6	68.4	68.9	67.2	67.2	67.5	141.6	112.4	88.4	83.8	75.7	20.8	—	—	—	—	—
Share price (period end) Rs	86.46	89.25	81.87	65.70	84.73	82.27	79.30	79.72	80.31	182.65	139.50	103.29	99.39	93.39	21.51	—	—	—	—	—
P/E (diluted)	24.63×	31.06×	41.60×	20.43×	36.00×	356.47×	—	958.17×	162.31×	58.67×	33.78×	89.04×	87.18×	27.47×	17.64×	—	—	—	—	—
Price to book	3.91×	4.16×	4.43×	3.97×	6.29×	7.38×	7.25×	6.54×	6.33×	8.16×	7.17×	6.84×	7.08×	7.09×	2.24×	—	—	—	—	—
Price to sales	0.63×	0.64×	0.63×	0.69×	1.25×	1.43×	1.56×	1.88×	1.78×	3.19×	2.14×	1.86×	2.01×	1.77×	0.53×	—	—	—	—	—
EV / EBITDA	6.80×	7.66×	9.47×	8.51×	13.54×	20.46×	32.10×	32.49×	24.60×	24.17×	16.21×	21.97×	23.51×	13.13×	6.34×	—	—	—	—	—
EV / Sales	0.65×	0.63×	0.61×	0.67×	1.31×	1.56×	1.73×	2.07×	1.95×	3.23×	2.26×	2.07×	2.21×	1.88×	0.70×	—	—	—	—	—
Dividend yield (gross)	3.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.5%	1.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—
Free cash flow yield	(0.2%)	(0.3%)	1.1%	8.8%	3.9%	0.5%	0.6%	(0.2%)	5.4%	2.7%	3.3%	(2.2%)	(3.8%)	0.8%	(15.0%)	—	—	—	—	—
PEG ratio	1.11×	0.67×	(1.07×)	0.56×	0.04×	3.01×	—	(11.52×)	(1.93×)	(2.38×)	0.13×	50.75×	(1.31×)	0.15×	0.06×	—	—	—	—	—
P/E (diluted, normalised)	24.72×	31.09×	220.52×	32.41×	48.67×	—	—	—	378.32×	56.20×	36.31×	61.36×	90.61×	29.76×	19.64×	—	—	—	—	—
Price to book — 5-year average	4.43×	4.98×	5.58×	6.09×	6.72×	7.27×	7.23×	7.16×	7.23×	7.35×	6.40×	—	—	—	—	—	—	—	—	—
EV / EBITDA — 5-year average	8.70×	10.69×	13.82×	17.45×	22.13×	25.57×	23.14×	22.06×	21.35×	19.20×	16.17×	—	—	—	—	—	—	—	—	—
Dividend yield — 5-year average	0.7%	0.0%	0.0%	0.1%	0.3%	0.3%	0.2%	0.2%	0.2%	0.0%	0.0%	—	—	—	—	—	—	—	—	—

FCEPL valuation: frequently asked questions

What is FCEPL's P/E ratio?

At the closing price of Rs 133.39 on 16 Oct 2026, FCEPL trades at a P/E of 17.7× based on EPS of Rs 7.52 (TTM to Jun 2026).

What is FCEPL's book value per share?

Frieslandcampina Engro Pakistan Limited's book value per share was Rs 22.13 at the end of FY2025. The shares trade at 5.47× book value.

Information only, not investment advice.