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Aramco Valuation Multiples
Discover revenue and EBITDA valuation multiples for Aramco and similar public comparables like Exxon Mobil, Chevron, PetroChina, Shell and more.
Aramco Overview
About Aramco
Saudi Aramco is the national oil company of Saudi Arabia and holds the exclusive right to explore for, produce, and refine the country’s hydrocarbons. It is the largest oil and gas producer in the world with a production volume of 12.4 mmboe/d in 2024, including 10.8 mmboe/d of liquids. Its 4.1 mmb/d in net refining capacity makes it the world’s fourth-largest refiner. It also owns 57.6 million metric tons of chemical manufacturing capacity, placing it among the top five global chemical companies.
Founded
1988
HQ
Employees
75.1K
Website
Sectors
Financials (LTM)
EV
$1.7T
Aramco Financials
Aramco reported last 12-month revenue of $431B and EBITDA of $222B.
In the same LTM period, Aramco generated $204B in gross profit, $222B in EBITDA, and $99B in net income.
Revenue (LTM)
Aramco P&L
In the most recent fiscal year, Aramco reported revenue of $481B and EBITDA of $239B.
Aramco expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $431B | XXX | $481B | XXX | XXX | XXX |
| Gross Profit | $204B | XXX | $234B | XXX | XXX | XXX |
| Gross Margin | 47% | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $222B | XXX | $239B | XXX | XXX | XXX |
| EBITDA Margin | 52% | XXX | 50% | XXX | XXX | XXX |
| EBIT Margin | 45% | XXX | 43% | XXX | XXX | XXX |
| Net Profit | $99B | XXX | $105B | XXX | XXX | XXX |
| Net Margin | 23% | XXX | 22% | XXX | XXX | XXX |
| Net Debt | — | — | $10B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Aramco Stock Performance
Aramco has current market cap of $1.7T, and enterprise value of $1.7T.
Market Cap Evolution
Aramco's stock price is $6.94.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.7T | $1.7T | 0.0% | XXX | XXX | XXX | $0.43 |
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Start Free TrialAramco Valuation Multiples
Aramco trades at 4.0x EV/Revenue multiple, and 7.7x EV/EBITDA.
EV / Revenue (LTM)
Aramco Financial Valuation Multiples
As of March 7, 2026, Aramco has market cap of $1.7T and EV of $1.7T.
Equity research analysts estimate Aramco's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Aramco has a P/E ratio of 16.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1.7T | XXX | $1.7T | XXX | XXX | XXX |
| EV (current) | $1.7T | XXX | $1.7T | XXX | XXX | XXX |
| EV/Revenue | 4.0x | XXX | 3.6x | XXX | XXX | XXX |
| EV/EBITDA | 7.7x | XXX | 7.2x | XXX | XXX | XXX |
| EV/EBIT | 8.8x | XXX | 8.3x | XXX | XXX | XXX |
| EV/Gross Profit | 8.4x | XXX | 7.3x | XXX | XXX | XXX |
| P/E | 16.9x | XXX | 16.0x | XXX | XXX | XXX |
| EV/FCF | 22.0x | XXX | 20.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Aramco 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.
Aramco Margins & Growth Rates
Aramco's revenue in the last 12 month declined by (8%).
Aramco's revenue per employee in the last FY averaged $5.7M.
Aramco's rule of 40 is 44% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Aramco's rule of X is 32% (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).
Aramco Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (8%) | XXX | (9%) | XXX | XXX | XXX |
| EBITDA Margin | 52% | XXX | 50% | XXX | XXX | XXX |
| EBITDA Growth | (1%) | XXX | (6%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 44% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 32% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $5.7M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 6% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Aramco Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Exxon Mobil | XXX | XXX | XXX | XXX | XXX | XXX |
| Chevron | XXX | XXX | XXX | XXX | XXX | XXX |
| PetroChina | XXX | XXX | XXX | XXX | XXX | XXX |
| Shell | XXX | XXX | XXX | XXX | XXX | XXX |
| Reliance Industries | 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.
Aramco M&A Activity
Aramco acquired XXX companies to date.
Last acquisition by Aramco was on XXXXXXXX, XXXXX. Aramco acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Aramco
| 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 |
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Start Free TrialAramco Investment Activity
Aramco invested in XXX companies to date.
Aramco made its latest investment on XXXXXXXX, XXXXX. Aramco invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Aramco
| 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 Aramco
| When was Aramco founded? | Aramco was founded in 1988. |
| Where is Aramco headquartered? | Aramco is headquartered in Saudi Arabia. |
| How many employees does Aramco have? | As of today, Aramco has over 75K employees. |
| Who is the CEO of Aramco? | Aramco's CEO is Amin H. Nasser. |
| Is Aramco publicly listed? | Yes, Aramco is a public company listed on Tadawul. |
| What is the stock symbol of Aramco? | Aramco trades under 2222 ticker. |
| When did Aramco go public? | Aramco went public in 2019. |
| Who are competitors of Aramco? | Aramco main competitors are Exxon Mobil, Chevron, PetroChina, Shell. |
| What is the current market cap of Aramco? | Aramco's current market cap is $1.7T. |
| What is the current revenue of Aramco? | Aramco's last 12 months revenue is $431B. |
| What is the current revenue growth of Aramco? | Aramco revenue growth (NTM/LTM) is (8%). |
| What is the current EV/Revenue multiple of Aramco? | Current revenue multiple of Aramco is 4.0x. |
| Is Aramco profitable? | Yes, Aramco is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Aramco? | Aramco's last 12 months EBITDA is $222B. |
| What is Aramco's EBITDA margin? | Aramco's last 12 months EBITDA margin is 52%. |
| What is the current EV/EBITDA multiple of Aramco? | Current EBITDA multiple of Aramco is 7.7x. |
| What is the current FCF of Aramco? | Aramco's last 12 months FCF is $78B. |
| What is Aramco's FCF margin? | Aramco's last 12 months FCF margin is 18%. |
| What is the current EV/FCF multiple of Aramco? | Current FCF multiple of Aramco is 22.0x. |
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