Pampa Energía S.A. (PAM) Financial Ratios
12 years of historical data (2013–2024) · Utilities · Independent Power Producers
EV/EBITDA
↑
7.40
↑+42% vs avg
5yr avg: 5.20
30Y Low2.7·High13.6
P/FCF
↑
N/A
—
5yr avg: 7.13
30Y Low2.6·High16.1
P/B Ratio
↑
1.36
↑+51% vs avg
5yr avg: 0.90
30Y Low0.5·High2.7
ROE
↑
21.7%
↓+98% vs avg
5yr avg: 10.9%
30Y Low-18%·High45%
Debt/EBITDA
↓
2.68
+10% vs avg
5yr avg: 2.44
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 7.3x earnings, 18% below its 5-year average of 8.9x, sitting at the 64th percentile of its historical range. Compared to the Utilities sector median P/E of 19.5x, the stock trades at a discount of 63%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.4B | $4.8B | $2.7B | $1.8B | $1.2B | $866M | $1.2B | $2.5B | $5.3B | $2.4B | $1.1B |
| Enterprise Value | $5.8B | $6.1B | $4.0B | $3.3B | $2.5B | $2.4B | $2.9B | $4.5B | $8.8B | $4.1B | $1.8B |
| P/E Ratio → | 7.28 | 7.76 | 23.14 | 3.56 | 3.66 | 6.15 | 2.11 | 12.72 | 19.06 | — | 3.35 |
| P/S Ratio | 2.36 | 2.55 | 1.56 | 0.96 | 0.79 | 0.81 | 0.88 | 1.74 | 1.20 | 1.53 | 2.02 |
| P/B Ratio | 1.36 | 1.45 | 1.12 | 0.77 | 0.66 | 0.49 | 0.49 | 1.39 | 1.33 | 2.72 | 1.71 |
| P/FCF | — | — | — | 10.26 | 8.54 | 2.59 | 3.14 | 16.08 | — | — | — |
| P/OCF | 10.19 | 11.00 | 4.71 | 2.85 | 1.86 | 1.55 | 1.47 | 4.09 | 5.94 | 6.45 | 3.28 |
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 7.4x EBITDA, 42% above its 5-year average of 5.2x. The Utilities sector median is 12.0x, placing the stock at a 38% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.27 | 2.31 | 1.80 | 1.68 | 2.19 | 2.18 | 3.13 | 2.00 | 2.56 | 3.22 |
| EV / EBITDA | 7.40 | 7.85 | 5.79 | 3.89 | 3.22 | 5.25 | 4.51 | 7.47 | 8.01 | 13.60 | 5.27 |
| EV / EBIT | 13.16 | 9.06 | 4.09 | 4.12 | 4.45 | 7.15 | 4.45 | 18.87 | 12.90 | 6.62 | 6.35 |
| 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 23.5%, above the Utilities sector average of 19.8%. Operating margins have compressed from 34.5% to 23.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 21.7% indicates solid capital efficiency, compared to the sector median of 9.3%. ROIC of 7.9% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.8% | 31.8% | 36.1% | 37.7% | 36.9% | 38.2% | 39.5% | 42.0% | 27.5% | 19.8% | 0.9% |
| Operating Margin | 23.5% | 23.5% | 24.5% | 34.5% | 38.4% | 22.6% | 34.5% | 30.4% | 15.5% | 10.0% | 50.7% |
| Net Profit Margin | 33.0% | 33.0% | 17.4% | 24.9% | 18.1% | -34.2% | 51.6% | 1.9% | 15.5% | -0.3% | 43.1% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.7% | 21.7% | 12.9% | 22.4% | 15.3% | -17.6% | 32.9% | 1.0% | 28.0% | -0.7% | 44.5% |
| ROA | 11.2% | 11.2% | 6.4% | 10.6% | 6.2% | -6.9% | 12.2% | 0.3% | 8.4% | -0.1% | 11.2% |
| ROIC | 7.9% | 7.9% | 8.5% | 13.6% | 13.6% | 4.9% | 8.7% | 5.8% | 10.2% | 6.2% | 18.3% |
| ROCE | 9.5% | 9.5% | 10.2% | 16.5% | 14.5% | 5.2% | 9.9% | 6.5% | 11.5% | 7.1% | 20.3% |
PAM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Pampa Energía S.A. carries a Debt/EBITDA ratio of 2.7x, which is moderately leveraged (47% below the sector average of 5.1x). Net debt stands at $1.4B ($2.1B total debt minus $738M cash). Interest coverage of just 2.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.64 | 0.64 | 0.61 | 0.71 | 0.81 | 0.92 | 0.81 | 1.25 | 0.89 | 1.94 | 1.08 |
| Debt / EBITDA | 2.68 | 2.68 | 2.12 | 1.93 | 1.85 | 3.63 | 3.03 | 3.73 | 3.24 | 5.78 | 2.09 |
| Net Debt / Equity | — | 0.41 | 0.54 | 0.67 | 0.75 | 0.84 | 0.72 | 1.11 | 0.88 | 1.84 | 1.02 |
| Net Debt / EBITDA | 1.73 | 1.73 | 1.87 | 1.80 | 1.71 | 3.32 | 2.68 | 3.33 | 3.18 | 5.48 | 1.97 |
| Debt / FCF | — | — | — | 8.83 | 9.65 | 4.44 | 4.62 | 12.90 | — | — | — |
| Interest Coverage | 2.44 | 2.44 | 1.19 | 2.92 | 3.25 | 1.40 | 2.48 | 4.49 | 3.43 | 1.07 | 2.99 |
PAM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.83x means Pampa Energía S.A. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.13x to 1.83x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.83 | 1.83 | 2.56 | 2.13 | 3.29 | 2.11 | 1.60 | 1.29 | 1.55 | 0.77 | 1.01 |
| Quick Ratio | 1.66 | 1.66 | 2.18 | 1.87 | 2.86 | 1.86 | 1.42 | 1.17 | 1.46 | 0.66 | 0.99 |
| Cash Ratio | 1.28 | 1.28 | 1.60 | 1.10 | 1.68 | 1.10 | 0.75 | 0.23 | 0.03 | 0.05 | 0.48 |
| Asset Turnover | — | 0.30 | 0.37 | 0.39 | 0.39 | 0.22 | 0.24 | 0.25 | 0.38 | 0.32 | 0.24 |
| Inventory Turnover | 5.89 | 5.89 | 5.51 | 6.90 | 6.47 | 5.71 | 5.29 | 6.07 | 13.93 | 5.99 | 31.29 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
PAM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Pampa Energía S.A. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 13.7% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 0.0% | — | — | 1.0% | 0.1% | 0.1% | 0.0% | 0.2% | 0.2% |
| Payout Ratio | — | — | 0.3% | — | — | — | 0.1% | 7.8% | 0.3% | — | 0.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 13.7% | 12.9% | 4.3% | 28.1% | 27.3% | 16.3% | 47.4% | 7.9% | 5.2% | — | 29.9% |
| FCF Yield | — | — | — | 9.7% | 11.7% | 38.6% | 31.8% | 6.2% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 1.0% | 3.1% | 11.6% | 11.9% | 13.7% | 0.1% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 1.0% | 3.1% | 12.5% | 12.0% | 13.8% | 0.1% | 0.2% | 0.2% |
| Shares Outstanding | — | $54M | $55M | $55M | $56M | $63M | $72M | $78M | $79M | $69M | $54M |
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 | $4B | 7.3 | 7.4 | — | 31.8% | 23.5% | 21.7% | 7.9% | 2.7 |
 YPF | $17B | -19.4 | 5.4 | — | 27.0% | 8.9% | -8.5% | 6.8% | 2.3 |
 TGS | $2B | 13.1 | 3.5 | 11.0 | 53.6% | 43.3% | 18.3% | 19.3% | 1.5 |
 CEPU | $2B | 61.4 | 11.0 | 9999.0 | 39.5% | 26.7% | 2.7% | 6.2% | 1.2 |
 GGAL | $6B | 5.1 | 2.6 | — | 62.7% | 20.8% | 40.2% | 31.0% | 0.9 |
 LOMA | $1B | 66.3 | 10.7 | — | 21.8% | 9.6% | 3.0% | 6.2% | 1.5 |
 AES | $10B | 11.3 | 11.2 | — | 18.1% | 16.1% | 9.7% | 3.9% | 8.8 |
 NRG | $30B | 35.3 | 11.2 | 39.7 | 21.8% | 6.0% | 41.5% | 10.6% | 4.4 |
 VST | $52B | 69.7 | 16.7 | 404.3 | 17.5% | 7.9% | 17.7% | 4.3% | 4.8 |
 GEN | $12B | 12.9 | 9.4 | 8.0 | 78.5% | 42.4% | 39.9% | 15.9% | 3.9 |
 WEC | $37B | 23.3 | 15.3 | — | 50.5% | 24.2% | 11.6% | 5.1% | 5.8 |
| Utilities Median | — | 19.5 | 12.0 | 16.2 | 39.6% | 19.8% | 9.3% | 4.8% | 5.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonPAM — 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 7.3x. The historical average is 8.5x. This places it at the 64th percentile of its historical range.
What is Pampa Energía S.A.'s EV/EBITDA?
Pampa Energía S.A.'s current EV/EBITDA is 7.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.2x.
What is Pampa Energía S.A.'s ROE?
Pampa Energía S.A.'s return on equity (ROE) is 21.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 16.3%.
Is PAM stock overvalued?
Based on historical data, Pampa Energía S.A. is trading at a P/E of 7.3x. This is at the 64th 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 31.8% gross margin and 23.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Pampa Energía S.A. have?
Pampa Energía S.A.'s Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.