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- Aygaz
Aygaz Valuation Multiples
Discover revenue and EBITDA valuation multiples for Aygaz and similar public comparables like Kimbell Royalty Partners, Transener, Edenor, Navigator Gas and more.
Aygaz Overview
About Aygaz
Aygaz AS is a gas company engaged in the sale and distribution of liquefied petroleum gas, or LPG, and natural gas products in Turkey. The group has three operating segments which are LPG and gas, cargo transportation and distribution, petroleum products, and electricity. It generates the majority of its revenue from the LPG and gas segment.
Founded
1961
HQ

Employees
1.5K
Website
Sectors
Financials (LTM)
EV
$1B
Aygaz Financials
Aygaz reported last 12-month revenue of $2B and EBITDA of $81M.
In the same LTM period, Aygaz generated $81M in EBITDA and $123M in net income.
Revenue (LTM)
Aygaz P&L
In the most recent fiscal year, Aygaz reported revenue of $2B and EBITDA of $176M.
Aygaz expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $209M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 10% | XXX | XXX | XXX |
| EBITDA | $81M | XXX | $176M | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | 9% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 2% | XXX | XXX | XXX |
| Net Profit | $123M | XXX | $115M | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 6% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Aygaz Stock Performance
Aygaz has current market cap of $1B, and enterprise value of $1B.
Market Cap Evolution
Aygaz's stock price is $6.00.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $1B | 0.0% | XXX | XXX | XXX | $0.52 |
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Start Free TrialAygaz Valuation Multiples
Aygaz trades at 0.6x EV/Revenue multiple, and 14.8x EV/EBITDA.
EV / Revenue (LTM)
Aygaz Financial Valuation Multiples
As of April 20, 2026, Aygaz has market cap of $1B and EV of $1B.
Equity research analysts estimate Aygaz's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Aygaz has a P/E ratio of 10.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 14.8x | XXX | 6.8x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 25.5x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 5.7x | XXX | XXX | XXX |
| P/E | 10.7x | XXX | 11.5x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 95.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Aygaz 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.


Aygaz Margins & Growth Rates
Aygaz's revenue in the last 12 month grew by 13%.
Aygaz's revenue per employee in the last FY averaged $1.4M, while opex per employee averaged $0.1M for the same period.
Aygaz's rule of 40 is 17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Aygaz's rule of X is 36% (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).
Aygaz Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | 32% | XXX | (43%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 17% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 36% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 4% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 8% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Aygaz Public Comps
See public comps and valuation multiples for other Energy Services and Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Aygaz | XXX | XXX | XXX | XXX | XXX | XXX |
| Kimbell Royalty Partners | XXX | XXX | XXX | XXX | XXX | XXX |
| Transener | XXX | XXX | XXX | XXX | XXX | XXX |
| Edenor | XXX | XXX | XXX | XXX | XXX | XXX |
| Navigator Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Premier Energy | 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.
Aygaz M&A Activity
Aygaz acquired XXX companies to date.
Last acquisition by Aygaz was on XXXXXXXX, XXXXX. Aygaz acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Aygaz
| 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 TrialAygaz Investment Activity
Aygaz invested in XXX companies to date.
Aygaz made its latest investment on XXXXXXXX, XXXXX. Aygaz invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Aygaz
| 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 Aygaz
| When was Aygaz founded? | Aygaz was founded in 1961. |
| Where is Aygaz headquartered? | Aygaz is headquartered in Turkey. |
| How many employees does Aygaz have? | As of today, Aygaz has over 1K employees. |
| Is Aygaz publicly listed? | Yes, Aygaz is a public company listed on Borsa Istanbul. |
| What is the stock symbol of Aygaz? | Aygaz trades under AYGAZ ticker. |
| When did Aygaz go public? | Aygaz went public in 1988. |
| Who are competitors of Aygaz? | Aygaz main competitors are Kimbell Royalty Partners, Transener, Edenor, Navigator Gas. |
| What is the current market cap of Aygaz? | Aygaz's current market cap is $1B. |
| What is the current revenue of Aygaz? | Aygaz's last 12 months revenue is $2B. |
| What is the current revenue growth of Aygaz? | Aygaz revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of Aygaz? | Current revenue multiple of Aygaz is 0.6x. |
| Is Aygaz profitable? | Yes, Aygaz is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Aygaz? | Aygaz's last 12 months EBITDA is $81M. |
| What is Aygaz's EBITDA margin? | Aygaz's last 12 months EBITDA margin is 4%. |
| What is the current EV/EBITDA multiple of Aygaz? | Current EBITDA multiple of Aygaz is 14.8x. |
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