Pampa Energía S.A. (PAM) Financial Ratios
13 years of historical data (2013–2025) · Utilities · Independent Power Producers
EV/EBITDA
↑
7.93
↑+38% vs avg
5yr avg: 5.77
30Y Low2.7·High13.6
P/FCF
↑
N/A
—
5yr avg: 9.40
30Y Low2.6·High16.1
P/B Ratio
↑
1.30
↑+22% vs avg
5yr avg: 1.07
30Y Low0.5·High2.7
ROE
↓
10.9%
↑-34% vs avg
5yr avg: 16.6%
30Y Low-18%·High45%
Debt/EBITDA
↑
2.59
+16% vs avg
5yr avg: 2.23
30Y Low1.9·High5.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PAM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Pampa Energía S.A. trades at 11.9x earnings, 19% above its 5-year average of 10.1x, sitting at the 67th percentile of its historical range. Compared to the Utilities sector median P/E of 19.0x, the stock trades at a discount of 37%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.7B | $4.8B | $4.8B | $2.7B | $1.8B | $1.2B | $866M | $1.2B | $2.5B | $5.3B | $2.4B |
| Enterprise Value | $5.9B | $6.0B | $6.1B | $4.0B | $3.3B | $2.5B | $2.4B | $2.9B | $4.5B | $8.8B | $4.1B |
| P/E Ratio → | 11.94 | 12.21 | 7.76 | 23.14 | 3.56 | 3.66 | 6.15 | 2.11 | 12.72 | 19.06 | — |
| P/S Ratio | 2.36 | 2.41 | 2.55 | 1.56 | 0.96 | 0.79 | 0.81 | 0.88 | 1.74 | 1.20 | 1.53 |
| P/B Ratio | 1.30 | 1.33 | 1.45 | 1.12 | 0.77 | 0.66 | 0.49 | 0.49 | 1.39 | 1.33 | 2.72 |
| P/FCF | — | — | — | — | 10.26 | 8.54 | 2.59 | 3.14 | 16.08 | — | — |
| P/OCF | 6.88 | 7.03 | 11.00 | 4.71 | 2.85 | 1.86 | 1.55 | 1.47 | 4.09 | 5.94 | 6.45 |
P/E links to full P/E history page with 30-year chart
PAM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Pampa Energía S.A.'s enterprise value stands at 7.9x EBITDA, 38% above its 5-year average of 5.8x. The Utilities sector median is 11.9x, placing the stock at a 33% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.01 | 3.27 | 2.31 | 1.80 | 1.68 | 2.19 | 2.18 | 3.13 | 2.00 | 2.56 |
| EV / EBITDA | 7.93 | 8.07 | 7.85 | 5.79 | 3.89 | 3.22 | 5.25 | 4.51 | 7.47 | 8.01 | 13.60 |
| EV / EBIT | 17.82 | 7.81 | 9.06 | 4.09 | 4.12 | 4.45 | 7.15 | 4.45 | 18.87 | 12.90 | 6.62 |
| EV / FCF | — | — | — | — | 19.09 | 18.18 | 7.03 | 7.77 | 28.98 | — | — |
PAM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Pampa Energía S.A. earns an operating margin of 16.6%, roughly in line with the Utilities sector average. Operating margins have compressed from 24.5% to 16.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 10.9% is modest. ROIC of 5.3% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.5% | 31.5% | 31.8% | 36.1% | 37.7% | 36.9% | 38.2% | 39.5% | 42.0% | 27.5% | 19.8% |
| Operating Margin | 16.6% | 16.6% | 23.5% | 24.5% | 34.5% | 38.4% | 22.6% | 34.5% | 30.4% | 15.5% | 10.0% |
| Net Profit Margin | 18.9% | 18.9% | 33.0% | 17.4% | 24.9% | 18.1% | -34.2% | 51.6% | 1.9% | 15.5% | -0.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.9% | 10.9% | 21.7% | 12.9% | 22.4% | 15.3% | -17.6% | 32.9% | 1.0% | 28.0% | -0.7% |
| ROA | 5.8% | 5.8% | 11.2% | 6.4% | 10.6% | 6.2% | -6.9% | 12.2% | 0.3% | 8.4% | -0.1% |
| ROIC | 5.3% | 5.3% | 7.9% | 8.5% | 13.6% | 13.6% | 4.9% | 8.7% | 5.8% | 10.2% | 6.2% |
| ROCE | 6.0% | 6.0% | 9.5% | 10.2% | 16.5% | 14.5% | 5.2% | 9.9% | 6.5% | 11.5% | 7.1% |
PAM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Pampa Energía S.A. carries a Debt/EBITDA ratio of 2.6x, which is moderately leveraged (50% below the sector average of 5.2x). Net debt stands at $1.2B ($1.9B total debt minus $726M cash). Interest coverage of 4.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.54 | 0.54 | 0.64 | 0.61 | 0.71 | 0.81 | 0.92 | 0.81 | 1.25 | 0.89 | 1.94 |
| Debt / EBITDA | 2.59 | 2.59 | 2.68 | 2.12 | 1.93 | 1.85 | 3.63 | 3.03 | 3.73 | 3.24 | 5.78 |
| Net Debt / Equity | — | 0.33 | 0.41 | 0.54 | 0.67 | 0.75 | 0.84 | 0.72 | 1.11 | 0.88 | 1.84 |
| Net Debt / EBITDA | 1.62 | 1.62 | 1.73 | 1.87 | 1.80 | 1.71 | 3.32 | 2.68 | 3.33 | 3.18 | 5.48 |
| Debt / FCF | — | — | — | — | 8.83 | 9.65 | 4.44 | 4.62 | 12.90 | — | — |
| Interest Coverage | 4.08 | 4.08 | 3.77 | 2.75 | 3.69 | 3.19 | 1.89 | 3.52 | 2.45 | 3.43 | 4.11 |
PAM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Pampa Energía S.A.'s current ratio of 3.11x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.75x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.56x to 3.11x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.11 | 3.11 | 1.83 | 2.56 | 2.13 | 3.29 | 2.11 | 1.60 | 1.29 | 1.55 | 0.77 |
| Quick Ratio | 2.75 | 2.75 | 1.66 | 2.18 | 1.87 | 2.86 | 1.86 | 1.42 | 1.17 | 1.46 | 0.66 |
| Cash Ratio | 1.71 | 1.71 | 1.28 | 1.60 | 1.10 | 1.68 | 1.10 | 0.75 | 0.23 | 0.03 | 0.05 |
| Asset Turnover | — | 0.30 | 0.30 | 0.37 | 0.39 | 0.39 | 0.22 | 0.24 | 0.25 | 0.38 | 0.32 |
| Inventory Turnover | 5.92 | 5.92 | 5.89 | 5.51 | 6.90 | 6.47 | 5.71 | 5.29 | 6.07 | 13.93 | 5.99 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
PAM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Pampa Energía S.A. returns 1.2% to shareholders annually primarily through share buybacks. The earnings yield of 8.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | 0.0% | — | — | 1.0% | 0.1% | 0.1% | 0.0% | 0.2% |
| Payout Ratio | — | — | — | 0.3% | — | — | — | 0.1% | 7.8% | 0.3% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.4% | 8.2% | 12.9% | 4.3% | 28.1% | 27.3% | 16.3% | 47.4% | 7.9% | 5.2% | — |
| FCF Yield | — | — | — | — | 9.7% | 11.7% | 38.6% | 31.8% | 6.2% | — | — |
| Buyback Yield | 1.2% | 1.1% | 0.0% | 0.0% | 1.0% | 3.1% | 11.6% | 11.9% | 13.7% | 0.1% | 0.0% |
| Total Shareholder Yield | 1.2% | 1.1% | 0.0% | 0.0% | 1.0% | 3.1% | 12.5% | 12.0% | 13.8% | 0.1% | 0.2% |
| Shares Outstanding | — | $54M | $54M | $55M | $55M | $56M | $63M | $72M | $78M | $79M | $69M |
Peer Comparison
Compare PAM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PAMYou | $5B | 11.9 | 7.9 | — | 31.5% | 16.6% | 10.9% | 5.3% | 2.6 |
 YPF | $20B | -24.1 | 6.2 | — | 27.0% | 8.9% | -8.5% | 6.8% | 2.3 |
 TGS | $5B | 14.2 | 7.1 | 25.9 | 53.6% | 43.3% | 18.3% | 19.3% | 1.5 |
 CEPU | $2B | 8.5 | 6.9 | 27.6 | 35.5% | 29.6% | 18.0% | 10.7% | 0.9 |
 GGAL | $9B | 58.0 | 14.5 | 329.3 | 41.3% | 2.5% | 3.3% | 2.6% | 6.7 |
 LOMA | $1B | 76.3 | 12.1 | — | 21.8% | 9.6% | 3.0% | 6.2% | 1.5 |
 AES | $10B | 11.6 | 11.3 | — | 18.1% | 16.1% | 9.7% | 3.9% | 8.8 |
 NRG | $28B | 33.7 | 10.7 | 37.2 | 21.8% | 6.0% | 41.5% | 10.6% | 4.4 |
 VST | $55B | 74.1 | 17.5 | 428.0 | 17.5% | 7.9% | 17.7% | 4.3% | 4.8 |
 GEN | $15B | 15.4 | 8.5 | 9.6 | 74.1% | 43.1% | 39.9% | 16.2% | 3.1 |
 WEC | $37B | 23.2 | 15.3 | — | 50.5% | 24.2% | 11.6% | 5.1% | 5.8 |
| Utilities Median | — | 19.0 | 11.9 | 18.6 | 38.4% | 18.5% | 9.3% | 4.9% | 5.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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PAM — Frequently Asked Questions
Quick answers to the most common questions about buying PAM stock.
What is Pampa Energía S.A.'s P/E ratio?
Pampa Energía S.A.'s current P/E ratio is 11.9x. The historical average is 8.8x. This places it at the 67th percentile of its historical range.
What is Pampa Energía S.A.'s EV/EBITDA?
Pampa Energía S.A.'s current EV/EBITDA is 7.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.4x.
What is Pampa Energía S.A.'s ROE?
Pampa Energía S.A.'s return on equity (ROE) is 10.9%. The historical average is 15.8%.
Is PAM stock overvalued?
Based on historical data, Pampa Energía S.A. is trading at a P/E of 11.9x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Pampa Energía S.A.'s profit margins?
Pampa Energía S.A. has 31.5% gross margin and 16.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Pampa Energía S.A. have?
Pampa Energía S.A.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.