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Pakistani (KSE) Energy Sector Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies14
  • 7D-0.6%
  • 3M-2.6%
  • 1Y11.7%
  • YTD5.9%

In the last week, Energy has been flat. The past year has been better, since the industry has gained 12% in that time. Looking forward, earnings are forecast to grow by 8.7% annually.

Sector Valuation and Performance

Has the Pakistani Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Dec 2025PK₨3.3tPK₨6.2tPK₨381.8b8.8x8.6x0.5x
Mon, 24 Nov 2025PK₨3.2tPK₨6.2tPK₨381.8b8.1x8.3x0.5x
Wed, 22 Oct 2025PK₨3.3tPK₨6.3tPK₨364.4b8x8.9x0.5x
Fri, 19 Sep 2025PK₨3.2tPK₨6.4tPK₨364.7b8.5x8.7x0.5x
Sun, 17 Aug 2025PK₨3.0tPK₨6.4tPK₨361.7b7.9x8.3x0.5x
Tue, 15 Jul 2025PK₨2.8tPK₨6.2tPK₨384.2b7.8x7.3x0.5x
Thu, 12 Jun 2025PK₨2.7tPK₨6.2tPK₨384.2b7.4x7.1x0.4x
Sat, 10 May 2025PK₨2.3tPK₨6.2tPK₨386.9b6x6x0.4x
Mon, 07 Apr 2025PK₨2.9tPK₨6.6tPK₨384.0b5.8x7.5x0.4x
Wed, 05 Mar 2025PK₨2.6tPK₨6.6tPK₨381.8b5.5x6.8x0.4x
Fri, 31 Jan 2025PK₨2.7tPK₨6.7tPK₨407.8b5.7x6.6x0.4x
Sun, 29 Dec 2024PK₨3.0tPK₨6.7tPK₨415.5b5.9x7.1x0.4x
Tue, 26 Nov 2024PK₨2.3tPK₨6.7tPK₨415.5b5.1x5.5x0.3x
Thu, 24 Oct 2024PK₨2.0tPK₨6.9tPK₨454.2b5.1x4.5x0.3x
Sat, 21 Sep 2024PK₨1.9tPK₨7.0tPK₨515.3b4.3x3.7x0.3x
Mon, 19 Aug 2024PK₨1.7tPK₨6.9tPK₨533.8b3.6x3.3x0.3x
Wed, 17 Jul 2024PK₨1.7tPK₨6.9tPK₨519.3b3.4x3.2x0.2x
Fri, 14 Jun 2024PK₨1.6tPK₨6.9tPK₨514.3b3.5x3x0.2x
Sun, 12 May 2024PK₨1.7tPK₨6.9tPK₨519.5b3.5x3.2x0.2x
Tue, 09 Apr 2024PK₨1.6tPK₨6.9tPK₨559.4b3.2x2.9x0.2x
Thu, 07 Mar 2024PK₨1.6tPK₨6.8tPK₨558.3b2.9x2.8x0.2x
Sat, 03 Feb 2024PK₨1.6tPK₨6.6tPK₨506.1b3.1x3.2x0.2x
Mon, 01 Jan 2024PK₨1.5tPK₨6.6tPK₨498.5b3.1x2.9x0.2x
Wed, 29 Nov 2023PK₨1.3tPK₨6.6tPK₨498.5b2.8x2.7x0.2x
Fri, 27 Oct 2023PK₨1.2tPK₨6.5tPK₨461.7b3x2.6x0.2x
Sun, 24 Sep 2023PK₨1.1tPK₨6.5tPK₨401.7b3.2x2.8x0.2x
Tue, 22 Aug 2023PK₨1.2tPK₨6.5tPK₨432.1b2.3x2.7x0.2x
Thu, 20 Jul 2023PK₨1.1tPK₨6.5tPK₨429.3b2.1x2.5x0.2x
Sat, 17 Jun 2023PK₨978.8bPK₨6.5tPK₨429.3b1.9x2.3x0.2x
Mon, 15 May 2023PK₨985.4bPK₨6.5tPK₨422.9b2x2.3x0.2x
Wed, 12 Apr 2023PK₨1.0tPK₨6.1tPK₨417.9b2.4x2.4x0.2x
Fri, 10 Mar 2023PK₨1.1tPK₨6.0tPK₨419.6b2.7x2.5x0.2x
Sun, 05 Feb 2023PK₨1.1tPK₨5.5tPK₨428.0b2.7x2.5x0.2x
Tue, 03 Jan 2023PK₨1.1tPK₨5.5tPK₨428.0b2.6x2.5x0.2x
Price to Earnings Ratio

2.5x


Total Market Cap: PK₨1.1tTotal Earnings: PK₨428.0bTotal Revenue: PK₨5.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Pakistani Energy Sector Price to Earnings3Y Average 4.6x20242025
Current Industry PE
  • Investors are optimistic on the Pakistani Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 8.6x which is higher than its 3-year average PE of 4.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.30x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 3.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.0% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Pakistani Energy sector?

PK Market-0.34%
Energy-0.56%
Energy Services0%0
Oil and Gas-0.56%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 4.6x.
    • Analysts are expecting annual earnings growth of 8.7%, which is higher than its past year's earnings decline of 18.1% per year.
  • Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.6x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 8.7% over the next 5 years.
  • This is better than its past earnings decline of 18% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 8.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PPL Pakistan PetroleumPK₨227.363.7%
+PK₨21.8b		18.7%PE7.1x
OGDC Oil and Gas DevelopmentPK₨270.400.9%
+PK₨10.4b		22.3%PE7x
ATRL Attock RefineryPK₨655.921.4%
+PK₨957.4m		-4.4%PE9.2x
APL Attock PetroleumPK₨545.890.3%
+PK₨222.1m		-1.8%PE5.5x
PRL Pakistan RefineryPK₨36.130.7%
+PK₨163.8m		-6.3%PS0.08x

Latest News

SHSML
PK₨460.91
Shahmurad Sugar Mills
7D
-4.6%
1Y
-0.7%
WAFI
PK₨229.72
Wafi Energy Pakistan
7D
-7.1%
1Y
13.6%
OGDC
PK₨270.40
Oil and Gas Development
7D
0.9%
1Y
22.3%

OGDC: Exploration Upside Will Support Stronger Future Cash Returns

Analysts have raised their price target on the company from 400 dollars to 425 dollars, citing slightly higher long term revenue growth expectations that more than offset modestly lower projected profit margins and a richer future earnings multiple. What's in the News Government of Pakistan executed three exploration agreements covering one offshore and two onshore blocks, expanding OGDCL's portfolio in Eastern Offshore Indus C and key onshore areas, and reinforcing its long term growth prospects (Key Developments) OGDCL commenced 1,100 BPD oil production from its new Pasakhi 14 development well in District Hyderabad, using advanced drilling technologies to optimize output and reservoir integrity (Key Developments) OGDCL announced a gas and condensate discovery at Bitrism East 1 in Sindh, with combined test potential of 22.5 MMSCFD gas and 690 BPD condensate, supporting indigenous energy supply (Key Developments) Soghri North Well 1 was brought into production with 14 MMSCFD gas and 430 BPD condensate capacity, connected via a new 14 km flow line to Dakhni Plant for early monetization (Key Developments) The company proposed and then secured shareholder approval for a final cash dividend of PKR 5 per share for FY 2025, in addition to three interim dividends already paid (Key Developments) Valuation Changes Fair Value: raised slightly from 400 dollars to 425 dollars, reflecting a modest upward revision to intrinsic valuation.
BPL
PK₨30.38
BurshaneG (Pakistan)
7D
-2.0%
1Y
-5.8%
PRL
PK₨36.13
Pakistan Refinery
7D
0.7%
1Y
-6.3%
APL
PK₨545.89
Attock Petroleum
7D
0.3%
1Y
-1.8%
PPL
PK₨227.36
Pakistan Petroleum
7D
3.7%
1Y
18.7%
NRL
PK₨403.48
National Refinery
7D
-3.0%
1Y
40.1%
POL
PK₨609.14
Pakistan Oilfields
7D
-0.3%
1Y
-3.5%
MARI
PK₨703.41
Mari Energies
7D
-0.5%
1Y
2.0%
CNERGY
PK₨7.30
Cnergyico PK
7D
-3.7%
1Y
12.0%
PSO
PK₨457.57
Pakistan State Oil
7D
-0.4%
1Y
7.0%
ATRL
PK₨655.92
Attock Refinery
7D
1.4%
1Y
-4.4%