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ADNOC Valuation Multiples
Discover revenue and EBITDA valuation multiples for ADNOC and similar public comparables like Best Buy, China Merchants Energy, Jereh Group, Plains All American Pipeline and more.
ADNOC Overview
About ADNOC
Abu Dhabi National Oil Co For Distribution PJSC is engaged in the marketing of petroleum products, natural gas, and ancillary products. It owns retail fuel stations in the United Arab Emirates (UAE), the Arab Republic of Egypt, and the Kingdom of Saudi Arabia. In addition, the group also sells petroleum products to government and commercial customers, and provides aviation fuel and fueling services to its clients. Its reportable segments are Commercial (B2B) and Retail (B2C). Maximum revenue is generated from the Retail (B2C) segment, which is engaged in the sale of gasoline and petroleum products, convenience store sales, car wash and other car care services, oil change services, vehicle inspection services, and property leasing and management through the retail sites.
Founded
1973
HQ

Employees
14.8K
Website
Financials (LTM)
EV
$15B
ADNOC Financials
ADNOC reported last 12-month revenue of $10B and EBITDA of $1B.
In the same LTM period, ADNOC generated $2B in gross profit, $1B in EBITDA, and $774M in net income.
Revenue (LTM)
ADNOC P&L
In the most recent fiscal year, ADNOC reported revenue of $10B and EBITDA of $1B.
ADNOC expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $10B | XXX | $10B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 19% | XXX | 19% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $774M | XXX | $761M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | — | — | $867M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
ADNOC Stock Performance
ADNOC has current market cap of $14B, and enterprise value of $15B.
Market Cap Evolution
ADNOC's stock price is $1.09.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $15B | $14B | 0.0% | XXX | XXX | XXX | $0.06 |
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Start Free TrialADNOC Valuation Multiples
ADNOC trades at 1.5x EV/Revenue multiple, and 12.5x EV/EBITDA.
EV / Revenue (LTM)
ADNOC Financial Valuation Multiples
As of March 16, 2026, ADNOC has market cap of $14B and EV of $15B.
Equity research analysts estimate ADNOC's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
ADNOC has a P/E ratio of 17.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $14B | XXX | $14B | XXX | XXX | XXX |
| EV (current) | $15B | XXX | $15B | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 12.5x | XXX | 12.7x | XXX | XXX | XXX |
| EV/EBIT | 15.2x | XXX | 15.0x | XXX | XXX | XXX |
| EV/Gross Profit | 8.0x | XXX | 7.8x | XXX | XXX | XXX |
| P/E | 17.6x | XXX | 17.9x | XXX | XXX | XXX |
| EV/FCF | 18.4x | XXX | 19.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified ADNOC Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


ADNOC Margins & Growth Rates
ADNOC's revenue in the last 12 month grew by 3%.
ADNOC's revenue per employee in the last FY averaged $0.7M.
ADNOC's rule of 40 is 15% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
ADNOC's rule of X is 20% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
ADNOC Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 15% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 20% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 9% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
ADNOC Public Comps
See public comps and valuation multiples for other Energy Services and Specialty Stores comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Best Buy | XXX | XXX | XXX | XXX | XXX | XXX |
| China Merchants Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Jereh Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Plains All American Pipeline | XXX | XXX | XXX | XXX | XXX | XXX |
| Trent | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
ADNOC M&A Activity
ADNOC acquired XXX companies to date.
Last acquisition by ADNOC was on XXXXXXXX, XXXXX. ADNOC acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by ADNOC
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialADNOC Investment Activity
ADNOC invested in XXX companies to date.
ADNOC made its latest investment on XXXXXXXX, XXXXX. ADNOC invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by ADNOC
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout ADNOC
| When was ADNOC founded? | ADNOC was founded in 1973. |
| Where is ADNOC headquartered? | ADNOC is headquartered in United Arab Emirates. |
| How many employees does ADNOC have? | As of today, ADNOC has over 14K employees. |
| Is ADNOC publicly listed? | Yes, ADNOC is a public company listed on Abu Dhabi Securities Exchange. |
| What is the stock symbol of ADNOC? | ADNOC trades under ADNOCDIST ticker. |
| When did ADNOC go public? | ADNOC went public in 2017. |
| Who are competitors of ADNOC? | ADNOC main competitors are Best Buy, China Merchants Energy, Jereh Group, Plains All American Pipeline. |
| What is the current market cap of ADNOC? | ADNOC's current market cap is $14B. |
| What is the current revenue of ADNOC? | ADNOC's last 12 months revenue is $10B. |
| What is the current revenue growth of ADNOC? | ADNOC revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of ADNOC? | Current revenue multiple of ADNOC is 1.5x. |
| Is ADNOC profitable? | Yes, ADNOC is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of ADNOC? | ADNOC's last 12 months EBITDA is $1B. |
| What is ADNOC's EBITDA margin? | ADNOC's last 12 months EBITDA margin is 12%. |
| What is the current EV/EBITDA multiple of ADNOC? | Current EBITDA multiple of ADNOC is 12.5x. |
| What is the current FCF of ADNOC? | ADNOC's last 12 months FCF is $807M. |
| What is ADNOC's FCF margin? | ADNOC's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of ADNOC? | Current FCF multiple of ADNOC is 18.4x. |
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