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- Tüpraş
Tüpraş Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tüpraş and similar public comparables like Zheneng Electric, AltaGas, BKW, Brookfield Renewable Partners and more.
Tüpraş Overview
About Tüpraş
Tupras-Turkiye Petrol Rafineleri AS provides and refines crude oil through Turkish and international refineries. It also operates petrochemical factories and facilities. The company’s complete line of products includes liquefied petroleum gas(LPG), fuel oil, waxes and extracts, bitumen, and other products. In addition to refining and producing products, the firm engages in the purchase, sell, import, export, store, marketing, and distribution of a variety of petroleum products. Distribution is completed through a network of foreign and domestic wholesalers and retailers. The majority of sales from refineries are domestic.
Founded
1983
HQ

Employees
6.0K
Website
Sectors
Financials (LTM)
EV
$10B
Tüpraş Financials
Tüpraş reported last 12-month revenue of $20B and EBITDA of $1B.
In the same LTM period, Tüpraş generated $1B in EBITDA and $742M in net income.
Revenue (LTM)
Tüpraş P&L
In the most recent fiscal year, Tüpraş reported revenue of $19B and EBITDA of $2B.
Tüpraş expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $20B | XXX | $19B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 10% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 9% | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $742M | XXX | $677M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 4% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tüpraş Stock Performance
Tüpraş has current market cap of $11B, and enterprise value of $10B.
Market Cap Evolution
Tüpraş's stock price is $5.64.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10B | $11B | -5.9% | XXX | XXX | XXX | $0.35 |
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Start Free TrialTüpraş Valuation Multiples
Tüpraş trades at 0.5x EV/Revenue multiple, and 7.2x EV/EBITDA.
EV / Revenue (LTM)
Tüpraş Financial Valuation Multiples
As of April 18, 2026, Tüpraş has market cap of $11B and EV of $10B.
Equity research analysts estimate Tüpraş's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tüpraş has a P/E ratio of 14.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV/Revenue | 0.5x | XXX | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 7.2x | XXX | 6.0x | XXX | XXX | XXX |
| EV/EBIT | 9.9x | XXX | 9.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 5.5x | XXX | XXX | XXX |
| P/E | 14.6x | XXX | 16.1x | XXX | XXX | XXX |
| EV/FCF | 18.6x | XXX | 14.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tüpraş 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.


Tüpraş Margins & Growth Rates
Tüpraş's revenue in the last 12 month grew by 17%.
Tüpraş's revenue per employee in the last FY averaged $3.2M, while opex per employee averaged $0.1M for the same period.
Tüpraş's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tüpraş's rule of X is 72% (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).
Tüpraş Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 17% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | 18% | XXX | (6%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 72% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $3.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | 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 | 4% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tüpraş 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 | |
| Tüpraş | XXX | XXX | XXX | XXX | XXX | XXX |
| Zheneng Electric | XXX | XXX | XXX | XXX | XXX | XXX |
| AltaGas | XXX | XXX | XXX | XXX | XXX | XXX |
| BKW | XXX | XXX | XXX | XXX | XXX | XXX |
| Brookfield Renewable Partners | XXX | XXX | XXX | XXX | XXX | XXX |
| REC | 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.
Tüpraş M&A Activity
Tüpraş acquired XXX companies to date.
Last acquisition by Tüpraş was on XXXXXXXX, XXXXX. Tüpraş acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tüpraş
| 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 TrialTüpraş Investment Activity
Tüpraş invested in XXX companies to date.
Tüpraş made its latest investment on XXXXXXXX, XXXXX. Tüpraş invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tüpraş
| 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 Tüpraş
| When was Tüpraş founded? | Tüpraş was founded in 1983. |
| Where is Tüpraş headquartered? | Tüpraş is headquartered in Turkey. |
| How many employees does Tüpraş have? | As of today, Tüpraş has over 6K employees. |
| Is Tüpraş publicly listed? | Yes, Tüpraş is a public company listed on Borsa Istanbul. |
| What is the stock symbol of Tüpraş? | Tüpraş trades under TUPRS ticker. |
| When did Tüpraş go public? | Tüpraş went public in 1991. |
| Who are competitors of Tüpraş? | Tüpraş main competitors are Zheneng Electric, AltaGas, BKW, Brookfield Renewable Partners. |
| What is the current market cap of Tüpraş? | Tüpraş's current market cap is $11B. |
| What is the current revenue of Tüpraş? | Tüpraş's last 12 months revenue is $20B. |
| What is the current revenue growth of Tüpraş? | Tüpraş revenue growth (NTM/LTM) is 17%. |
| What is the current EV/Revenue multiple of Tüpraş? | Current revenue multiple of Tüpraş is 0.5x. |
| Is Tüpraş profitable? | Yes, Tüpraş is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tüpraş? | Tüpraş's last 12 months EBITDA is $1B. |
| What is Tüpraş's EBITDA margin? | Tüpraş's last 12 months EBITDA margin is 7%. |
| What is the current EV/EBITDA multiple of Tüpraş? | Current EBITDA multiple of Tüpraş is 7.2x. |
| What is the current FCF of Tüpraş? | Tüpraş's last 12 months FCF is $535M. |
| What is Tüpraş's FCF margin? | Tüpraş's last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Tüpraş? | Current FCF multiple of Tüpraş is 18.6x. |
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