Etablissements Maurel et Prom SA (MAU) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Etablissements Maurel et Prom SA stock €5.44, price €7.09, that is 23.2% below the price, quality 48 out of 100. Rating: overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.
How to read this chart
60‑month range €1.50 – €10.91 · fair‑value band €3.75 – €11.21 · the €7.09 price screens above the €5.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 11, 2026.
Follow Etablissements Maurel et Prom in your weekly email
Every Wednesday you see whether Etablissements Maurel et Prom is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Etablissements Maurel & Prom S.A. engages in exploration and production of oil and gas, and hydrocarbons in Gabon, Tanzania, Angola, and Venezuela. The company operates through three segments: Oil production, Exploration, Gas Production, and Drilling.
Show moreShow less
Etablissements Maurel & Prom S.A. was founded in 1831 and is headquartered in Paris, France. Etablissements Maurel & Prom S.A. operates as a subsidiary of PT Pertamina Internasional Eksplorasi dan Produksi.
Stock analysis
Etablissements Maurel et Prom SA (MAU) currently trades at €7.09, while our model-based Fair Value estimate is €5.44, 23% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of €39.43 per share, and 8 of the 17 models we run sit above the €7.09 price.
Bear case: the Dividend Discount group reads lowest at €5.03, and 9 of the 17 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €3.75 (bear) to €11.21 (bull), the price of €7.09 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Energy sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Etablissements Maurel et Prom SA reported revenue of $602M in FY2025 versus $500M in FY2021, a compound +4.7%/yr. Reported net income was $427M in FY2025, compounding +37.4%/yr from FY2021.
Key figures
Market cap €1.4B Small · P/E ratio 3.4 · P/S ratio 2.40 · EPS (TTM) €2.09 · Dividend yield 5.4% · Net margin 74.8% · Return on equity 35.3% · Return on assets (EBIT) 11.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (medium confidence).
What moves the price
The share trades about 35% below its 52-week high and 56% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at 6% fair-value upside, at −23%, MAU screens richer than that median.
Fair Value models
Bear€3.75Fair Value €5.44Bull€11.21
Price €7.09 · Downside -23.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€1.48 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPV€4.26€4.63€4.9474
Owner Earnings€22.42€39.43€68.0172
ROIC Compounder€4.26€4.63€4.9470
All 17 models by family
DCF Models
Owner Earnings€22.42€39.43€68.0172
Earnings-Based
Graham-Dodd€13.01€69.16€95.7761
Lynch FV€19.06€27.23€35.4059
PEG = 1.0€19.06€27.23€35.4055
EPV€4.26€4.63€4.9474
Dividend Discount
Gordon GGM€2.82€5.31€7.5965
DDM Multi-Stage€2.82€4.74€5.6465
Multiples
P/E Multiple€20.09€26.79€33.4963
P/S Multiple€2.43€3.24€4.0558
P/B Multiple€4.02€5.37€6.7155
EV/EBIT€5.23€6.71€8.1966
EV/EBITDA€5.65€7.27€8.9067
EV/Revenue€3.05€4.02€4.9954
Asset-Based
NCAV (Graham)€0.0100€0.0200€0.030052
Economic Profit
Residual Income€10.69€15.51€31.9568
ROIC Compounder€4.26€4.63€4.9470
Growth Earnings
Growth-Adj P/E€23.36€33.37€43.3865
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.53/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.9%
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.5%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+34.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+29.2%
Dividend (yield on the price)5.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 39.7% / 33.5%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−162% → 22%
2025 sits 101% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.7%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Etablissements Maurel et Prom SA with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas E&P · 286 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Above median
Fair Value upside−23.2% · Below median
Profitability
Return on equity (12 months)35.3% · Top 25%
Return on assets17.2% · Top 25%
Net margin (12 months)74.8% · Top 25%
Operating margin (12 months)42.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)26.9% · Above median
Dividend yield (12 months)5.4% · Above median
Balance sheet
Debt / equity0.05× · Lowest 25%
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Etablissements Maurel et Prom SA Fair Value". https://www.fairvalue-calculator.com/stock/MAU.PA
Frequently asked questions
Is Etablissements Maurel et Prom SA (MAU) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of €5.44 versus a price of €7.09, about 23% lower (overvalued).
What is the fair value of MAU?
Our model-based fair value for Etablissements Maurel et Prom SA is €5.44 (as of Nov 11, 2026), built from audited fundamentals. The current price: €7.09.
What is the quality score of MAU?
Etablissements Maurel et Prom SA has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Etablissements Maurel et Prom SA (MAU)?
Our model-based price target is the fair value of €5.44 (as of Nov 11, 2026) from 17 valuation models. Cautious scenario €3.75, optimistic scenario €11.21. It is a calculation from audited fundamentals, not an analyst target.
What is the Etablissements Maurel et Prom SA stock forecast for 2026?
Our models put fair value at €5.44, about 23% lower versus a price of €7.09 (overvalued). Cautious scenario €3.75, optimistic scenario €11.21. The calculation is refreshed regularly with new filings.
What is the revenue of Etablissements Maurel et Prom SA (MAU)?
Etablissements Maurel et Prom SA reported trailing-twelve-month revenue of about $655M (latest available figure, as of Nov 11, 2026).
Does Etablissements Maurel et Prom SA pay a dividend?
Etablissements Maurel et Prom SA currently shows a dividend yield of 5.36% relative to its recent price (as of Nov 11, 2026).
How much is the dividend of Etablissements Maurel et Prom SA (MAU) and when is the ex-dividend date?
Etablissements Maurel et Prom SA pays a dividend of €0.38 per share a year, a dividend yield of 5.4%. The last ex-dividend date was Aug 25, 2026. A dividend has been paid every year since 2022. The payout ratio is 50.6% of earnings (on adjusted earnings, reported 19.9%). Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Etablissements Maurel et Prom SA (MAU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Etablissements Maurel et Prom SA it is €5.44 per share (as of Nov 11, 2026), against a price of €7.09. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Etablissements Maurel et Prom SA stock overvalued or undervalued in 2026?
As of Nov 11, 2026, MAU trades above its calculated fair value: price €7.09, fair value €5.44, a gap of about −23% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MAU?
No. The price is what the market pays today (€7.09); the fair value is what the company's own numbers justify (€5.44). For Etablissements Maurel et Prom SA the two are €1.65 per share apart. That gap is exactly why we show both numbers side by side.
How much is Etablissements Maurel et Prom SA worth?
The market values Etablissements Maurel et Prom SA at about €1.4B (market capitalisation, as of Nov 11, 2026). Per share that is €7.09; our models calculate a fair value of €5.44 per share.
What do the bullish and bearish scenarios say about MAU?
Our models span a range for Etablissements Maurel et Prom SA: cautious scenario €3.75, base €5.44, optimistic €11.21 per share (as of Nov 11, 2026, price €7.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MAU?
Etablissements Maurel et Prom SA trades at a price-to-earnings ratio of 3.4 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €5.44 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 9.6 (reported for FY2025: 3.8). Other multiples: PEG 0.8, P/B 1.1, P/S 2.4, EV/EBITDA 3.7.
What is the PEG ratio of MAU?
The PEG ratio of Etablissements Maurel et Prom SA is 0.82 (P/E divided by earnings growth, as of Nov 11, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Etablissements Maurel et Prom SA (MAU)?
Balance-sheet figures for Etablissements Maurel et Prom SA (as of Nov 11, 2026): return on equity 35.3%, debt of 0.05 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is MAU from its 52-week high?
Etablissements Maurel et Prom SA trades at €7.09, about 35% below its 52-week high of €10.91 and 56% above the low of €4.54 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of €5.44 is for.
Which stocks are comparable to Etablissements Maurel et Prom SA?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Etablissements Maurel et Prom SA stock attractive at the current price?
The data as of Nov 11, 2026: price €7.09, calculated fair value €5.44 (−23%), Quality Score 48/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MAU calculated?
We run Etablissements Maurel et Prom SA through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €5.44 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Etablissements Maurel et Prom SA itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Etablissements Maurel et Prom SA (MAU)?
The closing price on Nov 10, 2026 was €7.09. Our model-based fair value is €5.44, about 23% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Etablissements Maurel et Prom SA right now?
Weak quality (48/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (€3.75 to €11.21). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Etablissements Maurel et Prom SA
How large is the market capitalisation of Etablissements Maurel et Prom SA (MAU)?
The market capitalisation of Etablissements Maurel et Prom SA is €1.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Etablissements Maurel et Prom SA (MAU)?
The price-to-sales ratio of Etablissements Maurel et Prom SA is 2.40 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Etablissements Maurel et Prom SA (MAU)?
Earnings per share at Etablissements Maurel et Prom SA are €2.09 (price ÷ EPS = P/E 3.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Etablissements Maurel et Prom SA (MAU)?
The dividend yield of Etablissements Maurel et Prom SA is 5.4% (payout 50.6%, on adjusted earnings, reported 19.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Etablissements Maurel et Prom SA (MAU)?
The net margin of Etablissements Maurel et Prom SA is 74.8% (last twelve months), excl. one-off gain FY2025 27.8%. How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Etablissements Maurel et Prom SA (MAU)?
The return on equity (ROE) of Etablissements Maurel et Prom SA is 35.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Etablissements Maurel et Prom SA (MAU)?
On an EBIT basis the return on assets of Etablissements Maurel et Prom SA is 11.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Etablissements Maurel et Prom SA (MAU)?
The operating margin of Etablissements Maurel et Prom SA is 42.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Etablissements Maurel et Prom SA (MAU)?
Revenue at Etablissements Maurel et Prom SA is growing +26.9% versus a year earlier (3y avg +17.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Etablissements Maurel et Prom SA (MAU)?
Earnings per share at Etablissements Maurel et Prom SA are growing +75.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Etablissements Maurel et Prom SA (MAU) generate?
The free cash flow of Etablissements Maurel et Prom SA is −$21.7M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Etablissements Maurel et Prom SA (MAU) hold?
Etablissements Maurel et Prom SA holds more cash than debt, $174M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Why does Etablissements Maurel et Prom SA meet the fair value rule although the fair value shown is lower?
Peak profit dampened: €15.43 → €5.44. The latest annual profit is far above the years before, and such peaks rarely last. So we calculate cautiously with €5.44 instead of €15.43. If the profit stays high, we ease the caution year by year. As in the backtest, the fair value rule checks the value before: +118% against the price.
Free · no account needed
Watch Etablissements Maurel et Prom SA in the live analysis
One click puts Etablissements Maurel et Prom SA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 11, 2026