Orlen S.A.

SEP:PKN Stock Report

Market Cap: Kč969.2b

Orlen Valuation

Is PKN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of PKN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: PKN (CZK827.5) is trading below our estimate of future cash flow value (CZK1344.81)

Significantly Below Future Cash Flow Value: PKN is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PKN?

Key metric: As PKN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PKN. This is calculated by dividing PKN's market cap by their current earnings.
What is PKN's PE Ratio?
PE Ratio26.4x
Earningszł6.45b
Market Capzł170.47b

Price to Earnings Ratio vs Peers

How does PKN's PE Ratio compare to its peers?

The above table shows the PE ratio for PKN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.5x
VLO Valero Energy
18.3x-1.86%US$76.8b
PSX Phillips 66
17.5x8.52%US$71.9b
MPC Marathon Petroleum
16.6x2.49%US$76.9b
NESTE Neste Oyj
29.7x10.48%€21.3b
PKN Orlen
26.4x10.06%Kč170.5b

Price-To-Earnings vs Peers: PKN is expensive based on its Price-To-Earnings Ratio (26.4x) compared to the peer average (20.5x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does PKN's PE Ratio compare vs other companies in the European Oil and Gas Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PKN 26.4xIndustry Avg. 15.4xNo. of Companies12PE0816243240+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PKN is expensive based on its Price-To-Earnings Ratio (26.4x) compared to the European Oil and Gas industry average (15.4x).

Price to Earnings Ratio vs Fair Ratio

What is PKN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PKN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PKN's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PKN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentKč827.50
Kč761.72
-7.95%
22.27%Kč995.61Kč534.78n/a9
Jun ’27Kč835.80
Kč749.45
-10.33%
21.04%Kč1,002.87Kč538.68n/a9
May ’27Kč763.80
Kč729.75
-4.46%
18.37%Kč945.61Kč538.71n/a9
Apr ’27Kč748.80
Kč682.20
-8.89%
18.04%Kč835.42Kč526.43n/a9
Mar ’27Kč655.40
Kč538.84
-17.78%
8.69%Kč602.97Kč462.28n/a9
Feb ’27Kč623.10
Kč522.02
-16.22%
10.39%Kč605.14Kč443.77n/a9
Jan ’27Kč544.70
Kč503.41
-7.58%
11.14%Kč605.40Kč422.63n/a9
Dec ’26Kč528.00
Kč494.53
-6.34%
11.97%Kč599.37Kč418.42n/a9
Nov ’26Kč574.30
Kč492.01
-14.33%
11.14%Kč574.56Kč421.15n/a9
Oct ’26Kč506.60
Kč478.31
-5.58%
12.29%Kč570.39Kč416.39n/a9
Sep ’26Kč445.00
Kč451.79
+1.53%
7.27%Kč516.37Kč418.84n/a9
Aug ’26Kč469.85
Kč451.34
-3.94%
6.93%Kč518.04Kč420.19n/a9
Jul ’26Kč478.30
Kč437.49
-8.53%
9.22%Kč519.83Kč369.66n/a9
Jun ’26Kč425.00
Kč423.75
-0.30%
12.05%Kč529.93Kč341.51Kč835.809
May ’26Kč391.50
Kč408.77
+4.41%
11.88%Kč496.61Kč338.86Kč763.809
Apr ’26Kč410.10
Kč410.47
+0.09%
12.18%Kč506.79Kč345.81Kč748.8010
Mar ’26Kč380.20
Kč401.95
+5.72%
11.39%Kč508.30Kč346.84Kč655.4010
Feb ’26Kč321.00
Kč419.85
+30.80%
12.92%Kč522.10Kč352.61Kč623.1010
Jan ’26Kč280.00
Kč431.00
+53.93%
15.61%Kč553.39Kč361.75Kč544.7010
Dec ’25Kč304.05
Kč441.07
+45.06%
18.26%Kč616.37Kč359.75Kč528.0010
Nov ’25Kč312.00
Kč440.85
+41.30%
17.69%Kč612.69Kč357.60Kč574.3010
Oct ’25Kč334.80
Kč465.12
+38.93%
14.77%Kč617.51Kč386.20Kč506.6010
Sep ’25Kč376.00
Kč464.57
+23.56%
11.78%Kč562.51Kč391.28Kč445.0010
Aug ’25Kč383.50
Kč464.57
+21.14%
11.78%Kč562.51Kč391.28Kč469.8510
Jul ’25Kč399.00
Kč458.78
+14.98%
11.99%Kč550.62Kč383.00Kč478.309
Jun ’25Kč371.85
Kč457.77
+23.11%
11.99%Kč549.41Kč382.16Kč425.009
Kč754.52
Fair Value
9.7% overvalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/14 15:49
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Orlen S.A. is covered by 20 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert BateBarclays
Yuriy KukhtanychBerenberg
Kamil KliszczBiuro maklerskie mBanku