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STOCK COMPARISON

Saudi Aramco vs Polski Koncern Naftowy ORLEN: Fair Value & Quality

Both stocks run through our valuation models. Here is how Saudi Aramco (2222) and Polski Koncern Naftowy ORLEN (PKN) compare, as of Oct 30, 2026.

As of Oct 30, 2026, Fair Value Calculator sees Polski Koncern Naftowy ORLEN as the less overvalued of the two: Saudi Aramco trades at SAR 25.92 versus a fair value of SAR 20.14 (−22.3%), while Polski Koncern Naftowy ORLEN trades at PLN 146 versus PLN 122 (−16.6%).
Saudi Aramco
2222.SR · SAR · Energy
−22.3%
upside to fair value
overvalued
PriceSAR 25.92
Fair ValueSAR 20.14
Quality73/100
Fair ValueQualityUptrend
Polski Koncern Naftowy ORLEN
PKN.WAR · PLN · Energy
−16.6%
upside to fair value
overvalued
PricePLN 146
Fair ValuePLN 122
Quality61/100
Fair ValueQualityUptrend
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Saudi AramcoPolski Koncern Naftowy ORLEN
Valuation
15.2×P/E (TTM)8.1×
14.1×Forward P/E (FY2027)7.8×
n/aMedian P/E at FY-end (10 FY, reported earnings)7.6×
3.44×P/S (TTM)0.60×
4.20×P/B1.12×
6.9×EV/EBITDA3.3×
3.92×PEG1.16×
−22.3%Fair value upside−16.6%
5.2%Dividend yield5.5%
SAR 1.35Dividend per sharePLN 8.00
Profitability
41.5%Operating margin16.2%
0.99×EBIT margin trend (5Y)n/a
23.8%Return on equity8.7%
13.6%Return on assets0.9%
Growth
28.2%Revenue growth (YoY)25.8%
-9.7%Avg. growth/yr (3Y)-1.2%
14.2%Avg. growth/yr (5Y)25.5%
+6.2%Value creation/yr+8.2%
Balance & size
66.7×Interest coverage (EBIT/interest)17.5×
0.14×Debt / equity0.16×
$1.7TMarket cap$43B
weakGrowth qualitymixed
Polski Koncern Naftowy ORLEN, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 7.6.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Polski Koncern Naftowy ORLEN leads: 4 to 11 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Saudi Aramco Polski Koncern Naftowy ORLEN
ProfitabilityHow much profit the company makes from its sales and capital
70
33
Quality GrowthAre margins and returns getting better?
26
48
CashflowDo the profits arrive as real cash?
72
51
Financial strengthDebt, balance sheet and risk of trouble
82
79
InvestmentDoes it invest with discipline instead of growing at any price?
80
77
Low VolatilityHow calm the share price moves, does not count
100
80
Price momentumPrice momentum of the last 3 to 12 months, does not count
38
65
Near the 52-week highDistance to the 52-week high, does not count
51
88
New sharesBuys back shares or issues new ones?
82
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familySaudi AramcoPrice SAR 25.92Polski Koncern Naftowy ORLENPrice PLN 146
DCF Models−20.9%below the priceSAR 20.51+72.9%above the pricePLN 253
Earnings-Based−23.5%below the priceSAR 19.83−75.5%below the pricePLN 35.84
Dividend Discount−21.9%below the priceSAR 20.24−26.0%below the pricePLN 108
Multiples−41.8%below the priceSAR 15.09−4.4%close to the pricePLN 140
Asset-Based−85.6%below the priceSAR 3.74−43.1%below the pricePLN 83.24
Growth DCF−32.0%below the priceSAR 17.63+115.2%above the pricePLN 315
Economic Profit−37.9%below the priceSAR 16.09+3.5%close to the pricePLN 151
Growth Earnings−37.1%below the priceSAR 16.30−81.4%below the pricePLN 27.28
Matching families8 of 8
Minimum−85.6%below the priceSAR 3.74−81.4%below the pricePLN 27.28
Maximum−20.9%below the priceSAR 20.51+115.2%above the pricePLN 315
Median−34.5%below the priceSAR 16.97−15.2%below the pricePLN 124
Geometric mean−43.4%below the priceSAR 14.67−28.2%below the pricePLN 105
Ahead family by family3 of 85 of 8

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 8 of 8), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Polski Koncern Naftowy ORLEN is ahead in 5 of 8 shared families, Saudi Aramco in 3.

Saudi Aramco: 24 of 25 models see the stock below the current price.

Polski Koncern Naftowy ORLEN: 12 of 25 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Saudi Aramco
Price SAR 25.92
Fair Value SAR 20.14
Bear SAR 14.27Bull SAR 25.18
Polski Koncern Naftowy ORLEN
Price PLN 146
Fair Value PLN 122
Bear PLN 120Bull PLN 152

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Saudi Aramco · Energy

Quality score73 · Top 25%
Fair value upside−22.3% · below median

Polski Koncern Naftowy ORLEN · Energy

Quality score61 · Top 25%
Fair value upside−16.6% · below median

Bottom line

As of Oct 30, 2026, Fair Value Calculator sees Polski Koncern Naftowy ORLEN as the less overvalued of the two: Saudi Aramco trades at SAR 25.92 versus a fair value of SAR 20.14 (−22.3%), while Polski Koncern Naftowy ORLEN trades at PLN 146 versus PLN 122 (−16.6%).

Saudi Aramco has the higher quality score (73/100).

Open Polski Koncern Naftowy ORLEN live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.