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Paz Retail And Energy Ltd (PAZ) Fair Value & Analysis

Energy · Il · Market cap 8.7B ILS

PR Paz Retail And Energy Ltd PAZ · TA
Price807.20 ILS
Fair Value567.10 ILS
Upside-29.7%
Quality58/100
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Mixed Growth
Thin margins · 5.3% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (8/14)
Moderate moat 48/100
Evidence: High Range 425.32 ILS – 1,222 ILS Share as image

Fair value as of: Jul 18, 2026

From 16 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 912.74 ILS to 567.10 ILS (−37.9%) since Jun 26, 2026. Share price +3.3% over the past month.

A solid business, but screening 30% overvalued on our models.

What matters now

  • The model range is unusually wide (425.32 ILS to 1,222 ILS). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

811.12 ILS 161.89 ILS Fair Value 567.10 ILS Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 161.89 ILS – 811.12 ILS · fair‑value band 425.32 ILS – 1,222 ILS · the 807.20 ILS price screens above the 567.10 ILS fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Paz Retail And Energy Ltd (PAZ) currently trades at 807.20 ILS, while our model-based Fair Value estimate is 567.10 ILS, implying the stock looks roughly 29.7% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Paz Retail And Energy Ltd generated revenue of 11.2B ILS at a net margin of 4.8%. Revenue declined 3.6% year over year. It earns a return on equity of 16.4%. Net debt stands at 4.0B ILS. Fundamentals as of Jul 18, 2026

Our scenario range runs from 425.32 ILS (bear case) to 1,222 ILS (bull case); at 807.20 ILS, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Energy peers we cover trades at -48% fair-value upside, at -30%, PAZ screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 1,332 ILS 2,653 ILS 4,782 ILS 80
Residual Income 338.08 ILS 421.15 ILS 962.36 ILS 76
Rev-Margin DCF 922.57 ILS 1,658 ILS 3,206 ILS 74
All 16 models by family
DCF Models
FCF DCF 1,427 ILS 2,267 ILS 4,887 ILS 38
5Y Revenue Exit 828.68 ILS 1,432 ILS 2,687 ILS 39
5Y EBITDA Exit 1,415 ILS 2,618 ILS 4,977 ILS 41
10Y Revenue Exit 995.41 ILS 2,111 ILS 2,750 ILS 36
10Y EBITDA Exit 1,442 ILS 3,345 ILS 6,655 ILS 37
Dividend Discount
Gordon GGM 326.30 ILS 650.17 ILS 984.54 ILS 70
DDM Multi-Stage 326.30 ILS 561.89 ILS 686.30 ILS 61
Multiples
P/S Multiple 684.49 ILS 912.65 ILS 1,141 ILS 58
P/B Multiple 472.58 ILS 630.11 ILS 787.64 ILS 55
EV/EBIT 1,047 ILS 1,439 ILS 1,832 ILS 53
EV/EBITDA 1,360 ILS 1,856 ILS 2,353 ILS 54
EV/Revenue 519.19 ILS 797.39 ILS 1,076 ILS 43
Asset-Based
NCAV (Graham) 157.53 ILS 211.09 ILS 315.05 ILS 50
Growth DCF
Growth DCF 1,332 ILS 2,653 ILS 4,782 ILS 80
Rev-Margin DCF 922.57 ILS 1,658 ILS 3,206 ILS 74
Economic Profit
Residual Income 338.08 ILS 421.15 ILS 962.36 ILS 76

Widest divergence: DCF Models (2,267 ILS) versus Asset-Based (211.09 ILS). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 11.0B ILS
Revenue growth (YoY) -3.6%
Net margin 5.3%
Return on equity 17.4%
Free cash flow 1.1B ILS FY2025
P/E ratio 14.7
More key figures
Operating margin 8.8%
EPS (TTM) 52.47 ILS
EPS growth (YoY) +5.0%
Net debt 4.0B ILS FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 56 · Market factors (momentum, volatility) 75

Profitability 53
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 53
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Paz Retail And Energy Ltd., together with its subsidiaries, refines, produces, stores, imports, markets, and sells petroleum and other products in Israel and internationally.

Full company description

Paz Retail And Energy Ltd., together with its subsidiaries, refines, produces, stores, imports, markets, and sells petroleum and other products in Israel and internationally. It sells fuels, oils, various automotive products and related services through refueling stations; operates Yellow convenience stores at gas stations as well as supermarkets; gas station leases to the parties; transports, markets, distributes and sells fuels and various products; maintenance of the complexes, infrastructure, and inventory management. The company is also involved in trading and direct marketing of fuel products to private, commercial, industrial, and institutional customers; and electronic fueling customers; as well as marketing fuels to the Palestinian Authority. In addition, it produces, markets, and exports sealing products and insulation for the construction industry and transportation infrastructure, as well as develops new products; refueling services to airlines through aviation services; markets and supplies jet fuel and aviation gasoline; and storage and distributes diesel and aviation gasoline. Further, the company produces, imports, markets, and exports oils for transportation and industry; automotive accessories; fuel additives; urea for transportation; industrial oils and lubricants raw materials; Detergents and cosmetics; Process products for the metal industry; Industrial cleaning agents; Dust repellents; Chemicals; and Solvents and flammable liquid. Additionally, it offers fuels and electric vehicle charging; gas and renewable energy activities; food retail; diesel refueling services to airlines; produces industrial and automotive oils; and energy for transportation, as well as engages in the real estate activities. The company was formerly known as Paz Oil Company Ltd. and changed its name to Paz Retail And Energy Ltd. in October 2024. Paz Retail And Energy Ltd. was founded in 1922 and is based in Yakum, Israel.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Paz Retail And Energy Ltd reported revenue of 11.1B ILS in FY2025 versus 7.7B ILS in FY2021, a compound +9.5%/yr. Reported net income was 578M ILS in FY2025, compounding +26.7%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
11.1B ILS
Latest YoY
−6.5%
Avg. growth/yr (3Y)
−7.7%
Avg. growth/yr (5Y)
+14.5%
Avg. growth/yr (21Y)
+29.1%
Revenue +9.5%/yr
FY21 7.7B ILS
FY22 14.2B ILS
FY23 13.3B ILS
FY24 11.9B ILS
FY25 11.1B ILS
Net income +26.7%/yr
FY21 224M ILS
FY22 300M ILS
FY23 −5.0M ILS
FY24 650M ILS
FY25 578M ILS

PAZ screens 30% overvalued. Compare with Reliance Industries Limited →

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Cite: Fair Value Calculator (2026). "Paz Retail And Energy Ltd Fair Value". https://www.fairvalue-calculator.com/stock/PAZ

Peer Group

Oil & Gas Refining & Marketing · 114 stocks

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.

Quality Score 57 · Above median
Fair Value upside −30% · Below median
Return on equity (TTM) 17% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 5% · Top 25%
Operating margin (TTM) 9% · Above median
Revenue growth -4% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.63× · Higher than median

Valuation Multiples vs Oil & Gas Refining & Marketing median · lower = cheaper

P/E (TTM) 15.4× · Pricier than median
P/B 0.84× · Cheaper than median
P/S (TTM) 0.26× · Cheaper than median
P/FCF 2.7× · Pricier than median
EV/EBITDA 4.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 15
FUTURE 0 · sector 15
PAST 70 · sector 32
HEALTH 68 · sector 80
DIVIDEND 0 · sector 50

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Refining & Marketing stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Reliance Industries Limited RELIANCE ₹1,293 ₹835.66 -35%
Valero Energy Corporation VLO $309.65 $127.32 -59%
Marathon Petroleum Corporation MPC $283.74 $135.80 -52%
Phillips 66 PSX $196.16 $101.04 -48%
Neste Oyj NESTE €31.10 €4.07 -87%
Formosa Petrochemical Corporation 6505 81.30 TWD 16.68 TWD -79%
Indian Oil Corporation IOC ₹138.96 ₹417.35 +200%
HF Sinclair Corporation DINO $88.59 $48.90 -45%
Bharat Petroleum Corporation BPCL ₹315.55 ₹846.81 +168%
SK Innovation Co 096770 121,400 KRW 58,865 KRW -52%

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Frequently asked questions

Is Paz Retail And Energy Ltd (PAZ) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 567.10 ILS versus a price of 807.20 ILS, about −30% (overvalued).
What is the fair value of PAZ?
Our model-based fair value for Paz Retail And Energy Ltd is 567.10 ILS (as of Jul 18, 2026), built from audited fundamentals. The current price is 807.20 ILS.
What is the quality score of PAZ?
Paz Retail And Energy Ltd has a Quality Score of 58/100. 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 revenue of Paz Retail And Energy Ltd (PAZ)?
Paz Retail And Energy Ltd reported trailing-twelve-month revenue of about 11.2B ILS (latest available figure, as of Jul 18, 2026).
What is the net profit margin of PAZ?
The net profit margin of Paz Retail And Energy Ltd is about 4.8%, meaning it keeps roughly 4.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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