Rubis is a French fuel distributor and retailer that runs owned and franchised fuel stations, supplies fuel and LPG to commercial and residential customers, and operates storage terminals, with its Kinect Energy platform covering electricity and gas supply in Europe. At a 10.8x trailing and 10.3x forward P/E with 12.0% ROE, the valuation is undemanding for a business that grew revenue 24.2% in the latest period, though the 7.5% operating margin shows how thin the spread is on distribution volumes. The question for us is whether that top-line growth reflects durable share gains and terminal utilisation, or simply higher pass-through fuel prices that will reverse, and that needs checking against segment disclosures. We would want to see whether the 25.0% gross margin holds across the storage and retail divisions before giving it more weight. The stock is not in any major index, which may keep the shares under-followed relative to their size at EUR 3.6bn.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 11:04 CEST | Rating | Undervalued | first publication | €35.00 |
| 23 Oct 2026, 11:04 CEST | Fair value | €40.54 | first publication | €35.00 |
| 23 Oct 2026, 01:53 CEST | ACCE price target | €41.00 | first publication | €35.00 |
Answered from Rubis fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| RUI.PA Rubis | €35.96 | €41 | 11% below | 11.1x | 12.0% | 48 | 71 |
| IEP Icahn Enterprises L.P. Common Stock | $5.77 | - | - | - | -17.8% | 17 | 41 |
| PARR Par Pacific Holdings Inc. Common Stock | $77.15 | $89 | 14% below | 4.5x | 53.5% | 69 | 89 |
| PETRONET.NS Petronet LNG Limited | ₹286.30 | - | - | 10.2x | - | 71 | 67 |
| DK Delek US Holdings Inc. Common Stock | $74.41 | - | - | 21.2x | 78.8% | 41 | 76 |
| VEA.AX Viva Energy Group Limited | A$2.79 | A$1 | 108% above | 21.8x | 12.9% | 31 | 69 |
| CVI CVR Energy Inc. Common Stock | $58.16 | $26 | 124% above | 88.1x | 24.3% | 35 | 60 |
Where RUI.PA ranks against its sector peers on each metric.