Valuation · at the close on 16 Oct 2026

Wafi Energy Pakistan Limited (WAFI) valuation

At Rs 153.79 (close on 16 Oct 2026) WAFI trades at 9.3× earnings (FY2025), below its five-year average of 9.6× and above the Oil & Gas Marketing Companies median of 6.8×. The shares are priced at 1.33× book value (sector median 1.10×). Enterprise value of Rs 32.0 bn is 2.6× EBITDA. The dividend yield is 4.6%, against a five-year average of 2.0%.

P/E · today

9.3×

FY2025

5-yr average9.6× Sector median6.8×

P/B · today

1.33×

FY2025

5-yr average1.79× Sector median1.10×

EV/EBITDA · today

2.6×

5-yr average2.4× Sector median4.6×

Dividend yield · today

4.6%

FY2025

5-yr average2.0% Payers' median3.2%

Market value Rs 32.9 bn at Rs 153.79. Sector medians use the latest close of 9 Oil & Gas Marketing Companies 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

WAFI 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 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007
Market capitalisation	47.5	45.5	32.2	23.0	25.9	29.7	27.1	32.8	32.9	55.4	24.4	27.7	16.3	11.7	13.0	14.3	17.1	21.3	22.5
Enterprise value	46.6	37.5	32.8	18.8	27.0	42.2	37.1	38.9	30.7	49.4	24.3	30.2	21.6	20.4	27.3	23.2	24.7	30.2	29.2
Share price (period end) Rs	222.08	212.55	150.47	107.44	121.19	192.05	175.42	212.24	212.64	358.09	158.00	179.21	105.46	75.42	84.30	92.25	110.92	137.48	145.33
P/E (diluted)	13.41×	13.80×	5.50×	—	5.54×	—	—	—	10.33×	8.18×	26.81×	—	15.36×	—	14.38×	8.83×	6.69×	—	31.79×
Price to book	1.92×	1.97×	1.63×	1.58×	1.69×	—	6.32×	5.16×	3.22×	4.98×	4.08×	4.70×	2.26×	1.98×	1.58×	1.81×	2.07×	1.68×	2.37×
Price to sales	0.10×	0.11×	0.07×	0.06×	0.10×	0.18×	0.14×	0.18×	0.19×	0.33×	0.12×	0.11×	0.07×	0.05×	0.06×	0.07×	0.11×	0.16×	0.20×
EV / EBITDA	3.80×	4.48×	1.59×	1.19×	2.32×	—	7.80×	7.47×	5.71×	9.13×	8.62×	22.13×	4.50×	7.22×	4.77×	4.94×	4.18×	3.17×	19.34×
EV / Sales	0.10×	0.09×	0.08×	0.05×	0.11×	0.26×	0.19×	0.21×	0.18×	0.29×	0.12×	0.12×	0.09×	0.10×	0.12×	0.12×	0.16×	0.22×	0.25×
Dividend yield (gross)	3.6%	0.0%	3.3%	2.8%	0.0%	0.0%	0.0%	7.8%	11.4%	3.1%	3.5%	1.5%	0.0%	0.0%	4.2%	13.9%	3.2%	4.3%	6.2%
Free cash flow yield	(2.4%)	23.3%	(11.6%)	28.8%	5.8%	(4.1%)	4.0%	(17.6%)	1.1%	12.8%	13.6%	11.3%	20.9%	47.1%	(37.2%)	4.1%	16.0%	0.7%	(5.5%)
PEG ratio	1.79×	(0.32×)	0.00×	—	0.03×	—	—	—	(0.20×)	0.01×	0.14×	—	0.10×	—	(0.33×)	(0.24×)	—	0.01×	(0.41×)
P/E (diluted, normalised)	14.01×	13.55×	5.19×	106.87×	5.60×	—	—	—	10.30×	8.20×	26.96×	—	14.41×	—	12.81×	13.20×	10.31×	—	31.79×
Price to book — 5-year average	1.79×	2.34×	2.92×	3.95×	4.52×	5.68×	4.55×	4.38×	3.88×	3.75×	2.80×	2.36×	1.93×	—	—	—	—	2.02×	2.20×
EV / EBITDA — 5-year average	2.37×	2.92×	3.12×	4.66×	7.09×	10.65×	7.65×	8.60×	7.90×	8.47×	7.06×	6.32×	4.89×	—	—	—	—	4.94×	5.65×
Dividend yield — 5-year average	2.0%	1.0%	1.1%	2.4%	4.5%	4.5%	5.1%	5.4%	4.3%	2.2%	2.0%	3.6%	4.3%	—	—	—	—	6.4%	6.8%

WAFI valuation: frequently asked questions

What is WAFI's P/E ratio? +

At the closing price of Rs 153.79 on 16 Oct 2026, WAFI trades at a P/E of 9.3× based on EPS of Rs 16.56 (FY2025).

What is WAFI's book value per share? +

Wafi Energy Pakistan Limited's book value per share was Rs 115.94 at the end of FY2025. The shares trade at 1.33× book value.

Information only, not investment advice.