Valuation · at the close on 16 Oct 2026

Pakgen Power Limited (PKGP) valuation

PKGP has no positive earnings to compare its share price with, so P/E is not meaningful. The shares are priced at 0.82× book value (sector median 0.72×). The dividend yield is 5.9%, against a five-year average of 11.5%.

P/E · today

—

FY2025

5-yr average5.9× Sector median8.7×

P/B · today

0.82×

FY2025

5-yr average0.86× Sector median0.72×

EV/EBITDA · today

—

5-yr average3.9× Sector median10.1×

Dividend yield · today

5.9%

FY2025

5-yr average11.5% Payers' median10.3%

Market value Rs 12.6 bn at Rs 33.75. Sector medians use the latest close of 16 Power Generation & Distribution companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

Valuation history

At each fiscal year-end price.

5 10 All

PKGP 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	22.7	36.9	19.0	11.2	8.9	7.3	6.8	6.3	8.2	10.0	11.0	10.1	8.1	7.8	4.2	—	—	—	—	—
Enterprise value	9.8	30.1	13.8	11.8	2.0	13.3	18.2	17.8	18.1	17.8	17.7	13.8	14.3	16.4	11.0	—	—	—	—	—
Share price (period end) Rs	60.96	99.10	50.95	30.00	24.00	19.70	18.32	17.04	22.13	26.77	29.43	27.03	21.71	21.04	11.26	—	—	—	—	—
P/E (diluted)	—	8.25×	3.23×	3.56×	8.51×	1.66×	2.34×	4.27×	6.27×	19.27×	6.85×	16.43×	7.28×	3.85×	3.06×	—	—	—	—	—
Price to book	1.48×	1.39×	0.77×	0.44×	0.40×	0.32×	0.36×	0.38×	0.53×	0.66×	0.72×	0.70×	0.56×	0.56×	0.32×	—	—	—	—	—
Price to sales	23.92×	3.26×	0.91×	0.24×	0.45×	0.69×	0.56×	0.39×	0.42×	0.62×	1.68×	0.29×	0.21×	0.23×	0.13×	—	—	—	—	—
EV / EBITDA	—	6.45×	2.00×	2.86×	0.88×	2.11×	3.49×	5.60×	6.23×	9.08×	7.33×	8.21×	5.87×	4.99×	4.49×	—	—	—	—	—
EV / Sales	10.59×	2.66×	0.66×	0.26×	0.10×	1.25×	1.49×	1.10×	0.92×	1.11×	2.71×	0.40×	0.38×	0.49×	0.35×	—	—	—	—	—
Dividend yield (gross)	3.3%	7.1%	33.4%	5.0%	12.5%	11.4%	8.2%	5.9%	9.0%	7.5%	6.8%	5.5%	9.2%	16.6%	35.5%	—	—	—	—	—
Free cash flow yield	67.9%	8.2%	60.2%	(66.2%)	156.5%	76.7%	8.9%	(18.0%)	(15.6%)	(3.9%)	(20.4%)	30.3%	42.6%	(10.5%)	(48.0%)	—	—	—	—	—
PEG ratio	—	(0.35×)	0.04×	0.02×	(0.11×)	0.03×	0.02×	0.33×	0.04×	(0.28×)	0.04×	(0.37×)	(0.16×)	0.08×	(0.28×)	—	—	—	—	—
P/E (diluted, normalised)	—	8.31×	3.23×	3.56×	8.51×	1.66×	2.34×	4.32×	6.27×	19.29×	6.85×	16.54×	7.29×	3.86×	3.06×	—	—	—	—	—
Price to book — 5-year average	0.86×	0.68×	0.47×	0.38×	0.39×	0.43×	0.52×	0.59×	0.63×	0.64×	0.58×	—	—	—	—	—	—	—	—	—
EV / EBITDA — 5-year average	3.93×	2.92×	2.38×	2.99×	3.49×	4.36×	5.72×	7.02×	7.17×	6.79×	5.96×	—	—	—	—	—	—	—	—	—
Dividend yield — 5-year average	11.5%	13.7%	17.7%	8.5%	9.6%	8.4%	7.5%	6.9%	7.5%	8.7%	11.8%	—	—	—	—	—	—	—	—	—

PKGP valuation: frequently asked questions

What is PKGP's book value per share? +

Pakgen Power Limited's book value per share was Rs 41.18 at the end of FY2025. The shares trade at 0.82× book value.

Information only, not investment advice.