FIRST CAPITAL· SIGNA RESEARCH
KSE CLOSEDKSE-100 · PSX--:--:-- PKTDATA AS OF 11 JUN 2026 · EOD

PPL

Pakistan Petroleum
E&P

LAST · PKR

186.90
+2.54 +1.38%

52W RANGE

133.92188.78
97% OF RANGE · YTD +17.7%
01 / PPL — 1 YearAS OF 11 JUN 2026 · EOD
PERIOD 1Y · 250 SESSIONS

Source: PSX, First Capital Research. Data as of 11 Jun 2026, EOD.

02 / Fundamentals
Market cap
509bn
P/E (ttm)
4.6×
EPS (ttm)
40.63
Dividend yield
5.4%
Return on equity
16.1%
Beta
1.10
Free float
25%
52W high
188.78
52W low
133.92
1D change
+1.38%
YTD return
+17.7%

Second-largest E&P player and operator of the legacy Sui gas field, with a growing exploration footprint in frontier basins.

03 / Research NoteCONSTRUCTIVE

SIGNA DESK · FIRST CAPITAL RESEARCH · 11 JUN 2026 · EOD

Pakistan Petroleum: earnings power still under-priced at 4.6× despite the re-rating

Pakistan Petroleum (PPL) trades at 4.6× trailing earnings with a 5.4% dividend yield, sitting 97% of the way up its 52-week range. Return on equity of 16.1% sits near the market's cost of equity, and the 25% free float keeps the name tightly held — flows matter more than fundamentals on any given day.

Within the E&P space, the setup is favourable: the stock has outperformed year-to-date and consensus has been chasing, not leading, the upgrades. At 1.10 beta the name moves harder than the index in both directions — position sizing matters more than entry price. Capital appreciation, not the payout, has to carry the return from here.

AT A GLANCE

Stance
CONSTRUCTIVE
P/E (ttm)
4.6×
Dividend yield
5.4%
Beta
1.10
52W position
97%
YTD return
+17.7%

— GENERATED BY SIGNA · NOT INVESTMENT ADVICE

04 / Sector Peers
SymbolLastChg %P/EM. Cap1Y
OGDCOil & Gas Development Company221.40−0.04%5.1×952bn
MARIMari Energies624.50+1.52%9.8×750bn
PPLPakistan Petroleum— THIS PAGE186.90+1.38%4.6×509bn
POLPakistan Oilfields604.20+0.94%5.9×172bn

Source: PSX, First Capital Research. Data as of 11 Jun 2026, EOD.