PBR Petroleo Brasileiro SA Petrobras
$25.96
▲ 2.6%Updated Oct 16, 2:25 PM ET
Report Card
PBR at a glance — five pillars scored 0–100 from real filed financials.
How the 0–100 rating is calculatedOverall: Favorable · 64/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
Price — Past Year
▲ Up 23.8% in the year to Jul 6, 2026
Key Metrics
Market Cap
$103.73B
P/E
4.97x
Forward P/E (est.)
3.55x
ROE
25.6%
Revenue Growth
0.4%
EPS Growth
123.6%
Profit Margin
21.6%
FCF Yield
—
Debt / Equity
0.92x
ROIC
27.0%
Interest Coverage
4.51x
Current Ratio
0.69x
Dividend Yield
9.4%
Implied Growth (rev. DCF)
-11.0%
Rating Score
64/100
Business Overview
Petroleo Brasileiro SA Petrobras (PBR) is a large-cap NYSE-listed company in the Energy industry, within the Energy sector, with a market value around $103.73B.
In its latest reported year it generated about $91.42B in revenue and $7.53B in net profit.
Our model rates PBR Favorable (64/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Economic Moat
Evidence of durable competitive advantage in the filed financials (10 years of history).
Profit margins and economic moats, explainedSome durable-advantage evidence, but not across the board — dig into which ingredient is weak and whether it's cyclical or structural.
51.7% average over the last 3 years
±8.1 pts around 42.5% across 10 years
grew in 3 of the last 9 year-over-year periods
positive in 10 of 10 years
27.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical Analysis (Educational)
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what PBR's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. PBR trades near $25.96, above its 50-day average ($18.93) and 200-day average ($15.73). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 16 it is oversold — selling has been heavy and a bounce is possible.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. PBR's is $0.43 (~1.7% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. In the month to Jul 6, 2026, PBR found buyers near $15.86 (support) and sellers near $18.51 (resistance); its 52-week range then was $11.43–$22.24. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.5× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. The indicators were last computed on Jul 6, 2026; the price is current.
Revenue Growth
4Y CAGR
14.2%
Revenue moved from $97.31B in 2015 to $91.42B in 2024, a -0.7% compound annual growth rate. The most recent year was roughly flat (0.4%) year over year. Slower, mature growth is common for established businesses.
Profitability
Gross Margin
50.3%
Operating Margin
29.4%
Net Margin
8.2%
ROE
25.6%
Petroleo Brasileiro SA Petrobras keeps about 21.6% of each sales dollar as net profit, with a 50.3% gross margin and 29.4% operating margin. Return on equity is 25.6% and return on invested capital about 27.0%. Margins this wide usually signal pricing power or a cost advantage.
Debt Analysis
Total Debt
$20.60B
Net Debt
$17.32B
Net Debt / EBITDA
0.64x
Debt / Equity
0.92x
Leverage: debt-to-equity is 0.9x, and operating profit covers interest about 4.5x, with a current ratio of 0.7x. That is a moderate, manageable debt load for most businesses. It carries roughly $20.60B of total debt against $3.27B of cash.
Cash Flow Analysis
Operating CF
$37.98B
Free Cash Flow
$23.34B
FCF Margin
25.5%
In the latest year Petroleo Brasileiro SA Petrobras produced about $37.98B of operating cash flow and $23.34B of free cash flow after capital spending. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Dividend Safety
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
What to look for in a dividend stockCoverage is weak, the payout was cut recently, or it's being financed rather than earned — treat the current yield as fragile.
Dividend yield
9.4%
Total paid (latest FY)
$11.66B
History on record
8 years
dividend uses 50% of free cash flow
155% of net income paid out
no current raise streak
payout was cut at least once in the last 8 years
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
Valuation Analysis
P/E
4.97x
P/S
1.04x
P/B
1.01x
EV / EBITDA
3.11x
PBR trades at 5.0x trailing earnings (about 3.5x on estimated forward earnings), 1.0x sales, and 1.0x book value. Reverse-engineering today's price implies the market expects roughly -11.0% long-term free-cash-flow growth. That is an undemanding multiple — potentially cheap if the business is stable.
DCF Fair Value (Educational)
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
How this DCF estimate is calculatedDCF fair value / share
$43.80
Current price
$25.96
Starting FCF (latest 10-K)
$23.34B
Growth, years 1–5
0.4%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Metrics vs. Sector Range
Where PBR sits versus the Energy companies we cover.
Bands show the middle half (25th–75th percentile) of the 47 Energy companies in our coverage that have fundamentals data — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
Sector Peer Comparison
How PBR stacks up against its Energy peers — valuation, profitability, and growth versus the sector median.
Among the 47 rated Energy companies we cover, PBR ranks #12 by our overall rating. It trades at a discount versus the sector on earnings (5x P/E vs. 21.4x median) with a higher return on equity (25.6% vs. 13.3%) and slower revenue growth (0.4% vs. 0.7%).
P/E vs sector
5x
median 21.4x
ROE vs sector
25.6%
median 13.3%
Growth vs sector
0.4%
median 0.7%
Sector rank
#12
of 47 rated
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Energy companies by sub-industry and size, preferring ones with full data. Sector medians and rank use the 47 rated companies among the 57 Energy stocks we cover. Educational, not a recommendation.
5-Year Projection Model
Project revenue → earnings → price. Edit the assumptions to build your own case.
What drives this projection, and its limits2030 scenario price range (Base Case)
$10.61 – $16.97
vs. $25.96 today · implied CAGR -16% – -8%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $94.16B | $96.98B | $99.89B | $102.89B | $105.98B |
| Net income | $7.53B | $7.76B | $7.99B | $8.23B | $8.48B |
| EPS | $1.89 | $1.94 | $2.00 | $2.06 | $2.12 |
| Share price (low) | $9.43 | $9.71 | $10.00 | $10.30 | $10.61 |
| Share price (high) | $15.08 | $15.53 | $16.00 | $16.48 | $16.97 |
| CAGR (low–high) | -64% / -42% | -39% / -23% | -27% / -15% | -21% / -11% | -16% / -8% |
Educational scenario model, not a forecast or investment advice. It starts from the latest annual revenue in SEC filings. By default, growth is trailing revenue growth (held between 3% and 45% a year), the net margin is the latest one (held between 3% and 50%, so a loss-making company is modeled with a small profit), and the Base case P/E runs from 60% to 100% of today's. Carrying recent growth forward five years can miss badly in either direction. Outputs are only as good as the assumptions.
Bull Case
The case for PBR:
- High net margins (21.6%) point to pricing power or efficiency.
- Strong return on equity (25.6%) shows capital is put to work well.
- Pays a 9.4% dividend on top of any price gains.
- Our model's overall read is Favorable (64/100).
Bear Case
The case against PBR:
- Revenue growth is slow (0.4%), limiting the upside engine.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Key Risks
Growth risk — sluggish revenue (0.4%) leaves little margin for execution missteps.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
Investment Thesis
On balance, the fundamentals screen favourably: Petroleo Brasileiro SA Petrobras is a large-cap energy business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 5.0x earnings, which our model scores Favorable (64/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 18 Wall Street analysts covering PBR recommend (September 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
PBR's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen. How to read a 10-K
In the Idea Lab
PBR — frequently asked questions
Is PBR a good stock to buy?
We don't give buy or sell advice. Our model rates Petroleo Brasileiro SA Petrobras Favorable (64/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is PBR's rating on The Stocks School?
Petroleo Brasileiro SA Petrobras currently scores 64/100 (Favorable) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does PBR's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Petroleo Brasileiro SA Petrobras's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for PBR calculated?
It's a scenario model. It starts from the latest annual revenue and net margin in SEC filings, grows revenue at an assumed rate (trailing revenue growth by default), and applies a P/E range built around today's multiple to show the resulting share-price range. When a stock has no growth or P/E data, the starting values are placeholders. It's a tool for thinking, not a prediction.
Is this PBR analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell PBR. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.