🚀 VC round data is live in beta, check it out!
- Public Comps
- Pakistan International Airlines
Pakistan International Airlines Valuation Multiples
Discover revenue and EBITDA valuation multiples for Pakistan International Airlines and similar public comparables like Asia Aviation, Croatia Airlines, Capital A, Cebu Air and more.
Pakistan International Airlines Overview
About Pakistan International Airlines
PIA Holding Company Ltd is a company principal activity is to provide commercial air transportation, which includes passenger, cargo and postal carriage services. Other activities of the Holding Company include provision of engineering and allied services. The Company principally earns revenue from the carriage of passengers, cargo, mail and excess baggage and provision of handling services to other airlines, engineering services, air charters and related activities.
Founded
1955
HQ

Employees
7.5K
Website
Sectors
Financials (FY)
EV
$2B
Pakistan International Airlines Financials
Pakistan International Airlines reported last fiscal year revenue of $862M and EBITDA of $117M.
In the same fiscal year, Pakistan International Airlines generated $186M in gross profit, $117M in EBITDA, and had net loss of ($56M).
Pakistan International Airlines P&L
In the most recent fiscal year, Pakistan International Airlines reported revenue of $862M and EBITDA of $117M.
Pakistan International Airlines expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $862M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $186M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 22% | XXX | XXX | XXX |
| EBITDA | — | XXX | $117M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 14% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 7% | XXX | XXX | XXX |
| Net Profit | — | XXX | ($56M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (7%) | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Pakistan International Airlines Stock Performance
Pakistan International Airlines has current market cap of $533M, and enterprise value of $2B.
Market Cap Evolution
Pakistan International Airlines' stock price is $0.10.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $533M | 0.4% | XXX | XXX | XXX | $-0.01 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialPakistan International Airlines Valuation Multiples
Pakistan International Airlines trades at 2.3x EV/Revenue multiple, and 16.7x EV/EBITDA.
Pakistan International Airlines Financial Valuation Multiples
As of March 7, 2026, Pakistan International Airlines has market cap of $533M and EV of $2B.
Equity research analysts estimate Pakistan International Airlines' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Pakistan International Airlines has a P/E ratio of (9.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $533M | XXX | $533M | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 16.7x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 33.9x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 10.5x | XXX | XXX | XXX |
| P/E | — | XXX | (9.5x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | 23.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Pakistan International Airlines 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.


Pakistan International Airlines Margins & Growth Rates
Pakistan International Airlines' revenue in the last fiscal year declined by (8%).
Pakistan International Airlines Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | (8%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 9% | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 15% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Pakistan International Airlines Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Asia Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
| Croatia Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Capital A | XXX | XXX | XXX | XXX | XXX | XXX |
| Cebu Air | XXX | XXX | XXX | XXX | XXX | XXX |
| Jeju Air | 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.
Pakistan International Airlines M&A Activity
Pakistan International Airlines acquired XXX companies to date.
Last acquisition by Pakistan International Airlines was on XXXXXXXX, XXXXX. Pakistan International Airlines acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Pakistan International Airlines
| 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
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialPakistan International Airlines Investment Activity
Pakistan International Airlines invested in XXX companies to date.
Pakistan International Airlines made its latest investment on XXXXXXXX, XXXXX. Pakistan International Airlines invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Pakistan International Airlines
| 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 |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Pakistan International Airlines
| When was Pakistan International Airlines founded? | Pakistan International Airlines was founded in 1955. |
| Where is Pakistan International Airlines headquartered? | Pakistan International Airlines is headquartered in Pakistan. |
| How many employees does Pakistan International Airlines have? | As of today, Pakistan International Airlines has over 7K employees. |
| Is Pakistan International Airlines publicly listed? | Yes, Pakistan International Airlines is a public company listed on Pakistan Stock Exchange. |
| What is the stock symbol of Pakistan International Airlines? | Pakistan International Airlines trades under PIAHCLA ticker. |
| When did Pakistan International Airlines go public? | Pakistan International Airlines went public in 2024. |
| Who are competitors of Pakistan International Airlines? | Pakistan International Airlines main competitors are Asia Aviation, Croatia Airlines, Capital A, Cebu Air. |
| What is the current market cap of Pakistan International Airlines? | Pakistan International Airlines' current market cap is $533M. |
| What is the current revenue of Pakistan International Airlines? | Pakistan International Airlines' last fiscal year revenue is $862M. |
| What is the current EV/Revenue multiple of Pakistan International Airlines? | Current revenue multiple of Pakistan International Airlines is 2.3x. |
| Is Pakistan International Airlines profitable? | No, Pakistan International Airlines is not profitable. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.