Last 48 quarters of trend data · Utilities · Independent Power Producers
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.08 | 6.32 | 5.53 | 7.38 | 26.81 | 18.45 | 6.84 | 10.67 | 5.52 | 5.92 | 2.19 | — | 3.14 | 3.25 | 3.26 | 3.19 | 1.78 | 4.10 | 3.38 | 6.52 | 1.84 |
| — | -65.8% | -19.2% | -30.9% | +385.9% | +211.8% | +212.8% | — | +75.5% | +81.9% | -32.9% | — | +76.8% | -20.6% | -3.5% | -51.0% | -3.1% | +36.1% | -44.5% | -24.3% | -3.4% | |
| P/S Ratio | 2.19 | 1.50 | 2.10 | 2.37 | 1.38 | 1.94 | 2.54 | 2.23 | 1.55 | 1.20 | 1.46 | 0.91 | 1.07 | 1.37 | 1.13 | 0.50 | 0.67 | 0.61 | 0.79 | 0.59 | 0.56 |
| — | -22.9% | -17.2% | +6.3% | -10.8% | +61.3% | +73.3% | +145.1% | +44.8% | -12.2% | +29.1% | +81.2% | +60.0% | +124.1% | +43.3% | -14.5% | +19.2% | -0.0% | +17.9% | — | -0.8% | |
| P/B Ratio | 1.21 | 1.11 | 1.27 | 1.33 | 0.94 | 1.08 | 1.21 | 1.45 | 1.02 | 0.80 | 0.82 | 1.12 | 0.74 | 0.90 | 0.74 | 0.77 | 0.57 | 0.56 | 0.68 | 0.65 | 0.56 |
| — | +2.4% | +5.3% | -8.2% | -7.2% | +35.5% | +46.8% | +30.0% | +38.1% | -11.5% | +10.4% | +44.6% | +28.8% | +60.4% | +9.9% | +18.1% | +2.2% | +4.5% | +42.2% | +44.3% | +105.7% | |
| P/FCF | — | — | — | 44.05 | 7.25 | — | — | 27.84 | 11.35 | — | — | — | — | — | — | — | — | — | 7.55 | — | 7.36 |
| — | — | — | +58.2% | -36.1% | — | — | — | — | — | — | — | — | — | — | — | — | — | +81.5% | — | — | |
| EV / EBITDA | 7.48 | 5.29 | 7.08 | 11.40 | 4.20 | 6.21 | 6.75 | 8.86 | 4.59 | 4.78 | 5.02 | 4.60 | 4.62 | 4.82 | 4.71 | 2.49 | 3.36 | 5.94 | 3.76 | 3.00 | 2.12 |
| — | -14.9% | +5.0% | +28.6% | -8.5% | +30.0% | +34.4% | +92.6% | -0.6% | -0.8% | +6.7% | +84.8% | +37.8% | -18.8% | +25.1% | -17.1% | +58.6% | +120.1% | -43.6% | -81.9% | -30.6% | |
| EV / EBIT | 16.80 | 5.29 | 8.68 | 7.72 | 6.13 | 6.52 | 7.32 | 7.57 | 10.79 | 6.88 | 5.39 | 2.64 | 3.04 | 7.97 | 7.75 | 2.34 | 2.65 | 5.94 | 6.26 | 6.39 | 3.54 |
| — | -18.9% | +18.5% | +2.0% | -43.2% | -5.2% | +35.8% | +186.9% | +255.0% | -13.7% | -30.5% | +12.8% | +14.6% | +34.3% | +23.9% | -63.4% | -25.0% | +120.1% | -6.2% | — | -34.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.5% | 35.4% | 33.7% | 25.0% | 36.5% | 30.0% | 31.2% | 22.0% | 32.6% | 38.6% | 35.7% | 31.5% | 37.9% | 38.9% | 39.6% | 36.7% | 37.7% | 36.4% | 42.1% | 30.1% | 35.8% |
| — | +17.8% | +8.1% | +13.9% | +12.2% | -22.2% | -12.6% | -30.2% | -14.0% | -0.8% | -10.1% | -14.1% | +0.5% | +7.0% | -5.9% | +21.8% | +5.3% | -13.2% | -0.6% | +399.1% | -18.6% | |
| Operating Margin | 16.6% | 25.2% | 18.7% | 4.5% | 25.9% | 23.3% | 29.2% | 13.0% | 29.2% | 23.8% | 29.7% | 13.0% | 31.2% | 32.0% | 31.2% | 25.5% | 33.6% | 29.4% | 30.1% | 28.4% | 48.2% |
| — | +8.4% | -36.1% | -65.1% | -11.3% | -2.3% | -1.5% | +0.1% | -6.3% | -25.7% | -4.8% | -49.2% | -7.4% | +8.8% | +3.7% | -10.0% | -30.2% | -33.9% | -11.5% | +709.4% | +16.0% | |
| Net Margin | 18.9% | 23.1% | 37.3% | 31.8% | 3.9% | 8.2% | 37.0% | 28.1% | 27.3% | 20.0% | 66.6% | -5.5% | 32.0% | 38.2% | 32.1% | 24.7% | 34.6% | 14.3% | 23.4% | 10.7% | 30.1% |
| — | +180.1% | +1.1% | +13.2% | -85.7% | -58.8% | -44.5% | +610.0% | -14.7% | -47.7% | +107.6% | -122.3% | -7.6% | +167.6% | +37.2% | +131.3% | +15.1% | -29.4% | +127.5% | -86.6% | +5.1% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.9% | 4.4% | 5.8% | 4.6% | 0.7% | 1.1% | 4.5% | 4.6% | 4.6% | 3.4% | 10.1% | -1.6% | 5.7% | 6.5% | 5.4% | 9.7% | 7.7% | 3.4% | 5.2% | 3.0% | 7.9% |
| — | +283.1% | +28.1% | -1.4% | -85.7% | -66.3% | -55.4% | +393.9% | -18.3% | -47.6% | +86.1% | -116.3% | -26.9% | +93.8% | +4.9% | +219.5% | -1.6% | -19.1% | +181.7% | +113.4% | +125.7% | |
| ROA | 5.8% | 2.3% | 3.1% | 2.5% | 0.4% | 0.6% | 2.4% | 2.5% | 2.5% | 1.9% | 5.4% | -0.8% | 2.9% | 3.2% | 2.6% | 4.6% | 3.7% | 1.6% | 2.4% | 1.4% | 3.5% |
| — | +258.8% | +28.7% | +1.8% | -85.4% | -65.3% | -54.6% | +399.0% | -13.4% | -41.8% | +103.2% | -117.8% | -20.3% | +102.2% | +8.4% | +231.3% | +5.0% | -2.2% | +263.8% | +115.7% | +136.2% | |
| ROIC | 5.3% | 2.5% | 1.6% | 0.4% | 2.3% | 1.7% | 1.9% | 1.1% | 2.5% | 2.0% | 2.2% | 1.8% | 2.7% | 2.6% | 2.4% | 4.5% | 3.3% | 3.1% | 2.9% | 3.5% | 5.2% |
| — | +45.5% | -18.6% | -68.3% | -7.4% | -15.0% | -14.6% | -37.9% | -5.3% | -20.1% | -6.6% | -59.3% | -19.9% | -17.0% | -17.6% | +28.6% | -36.2% | -16.8% | +16.5% | +500.8% | +120.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.54 | 0.65 | 0.50 | 0.54 | 0.52 | 0.46 | 0.49 | 0.64 | 0.55 | 0.54 | 0.55 | 0.61 | 0.60 | 0.63 | 0.69 | 0.71 | 0.74 | 0.73 | 0.75 | 0.81 | 0.82 |
| — | +41.5% | +3.6% | -15.8% | -4.2% | -14.5% | -12.2% | +4.6% | -9.0% | -15.1% | -19.4% | -14.6% | -18.9% | -13.2% | -8.6% | -12.2% | -10.4% | -24.6% | -12.8% | -11.8% | +11.3% | |
| Debt / EBITDA | 2.59 | 9.09 | 8.34 | 14.65 | 6.52 | 7.65 | 8.27 | 12.09 | 6.87 | 8.00 | 8.53 | 6.77 | 8.73 | 8.37 | 9.38 | 4.93 | 7.83 | 13.98 | 8.32 | 6.94 | 5.44 |
| — | +18.9% | +0.9% | +21.1% | -5.1% | -4.4% | -3.0% | +78.7% | -21.3% | -4.4% | -9.1% | +37.1% | +11.5% | -40.1% | +12.8% | -28.9% | +44.0% | +91.0% | -53.7% | -85.3% | -47.4% | |
| Current Ratio | 3.11 | 3.64 | 2.04 | 3.11 | 2.68 | 2.70 | 1.82 | 1.83 | 2.41 | 2.33 | 2.63 | 2.56 | 2.21 | 1.97 | 2.01 | 2.13 | 2.44 | 2.89 | 3.11 | 3.29 | 3.76 |
| — | +34.7% | +11.9% | +70.3% | +11.3% | +16.1% | -30.6% | -28.7% | +9.0% | +18.1% | +31.1% | +20.5% | -9.4% | -31.7% | -35.5% | -35.3% | -35.2% | -5.3% | +87.0% | +55.6% | +208.9% | |
| Quick Ratio | 2.75 | 3.23 | 1.79 | 2.75 | 2.33 | 2.35 | 1.59 | 1.66 | 2.14 | 2.02 | 2.27 | 2.18 | 1.92 | 1.75 | 1.72 | 1.87 | 2.12 | 2.48 | 2.64 | 2.86 | 3.28 |
| — | +37.3% | +12.5% | +65.7% | +8.9% | +16.7% | -29.9% | -23.8% | +11.2% | +14.9% | +32.1% | +16.7% | -9.6% | -29.3% | -34.8% | -34.7% | -35.3% | -5.0% | +68.2% | +54.1% | +204.1% | |
| Interest Coverage | 4.08 | 6.02 | 5.05 | 4.53 | 3.65 | 4.62 | 4.85 | 4.83 | 3.10 | 3.44 | 3.28 | 5.45 | 3.40 | 1.21 | 1.76 | 5.95 | 4.46 | 3.39 | 2.97 | 3.36 | 4.76 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying PAM stock.
Pampa Energía S.A.'s current P/E is 11.1x. The average P/E over the last 4 quarters is 11.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Pampa Energía S.A.'s current operating margin is 16.6%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Pampa Energía S.A.'s business trajectory between earnings reports.