Petrobras (PBR) Stock Analysis

June 13, 2026

Here is a fundamental analysis of Petrobras (PBR), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

PBR

GSPC

Petrobras (PBR) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Petrobras (PBR) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

Petrobras (PBR) metric values compared with Energy industry-group medians
Metric	Current stock: PBR	Industry group median
1-Year Return	53.31%	49.94%

Risk

Drawdown

PBR

GSPC

Petrobras (PBR) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Petrobras (PBR) metric values compared with Energy industry-group medians
Metric	Current stock: PBR	Industry group median
1-Year Volatility	31.31%	41.13%
Beta	0.33	0.58

Company Profile

Petrobras (PBR) trades as an ADR rather than ordinary local shares — read it with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile fields for Petrobras (PBR)
Profile Item	PBR
Name	Petrobras S.A. Sponsored ADR
Country/Region	Brazil
GICS Sector	Energy
GICS Industry Group	Energy
GICS Industry	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Integrated Oil & Gas
Market Capitalization	118.45 billion USD
Currency	USD
Exchange	NYSE
Listing Date	August 10, 2000
Security Type	ADR

Valuation

Price-to-Earnings Ratio (TTM)

Petrobras (PBR) trades at P/E ratio of 5.87, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.

PBR

Energy industry group

5.87

Group distribution

Max: 59.12
Q3: 31.56
Median: 18.65
Q1: 10.91
PBR: 5.87
Min: 1.74

Largest peers

CVX: 32.56
ENB: 26.78
XOM: 24.75
COP: 19.83
SHEL: 13.34
TTE: 13.06
PBR: 5.87

Where Petrobras (PBR) stands on P/E ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Sales Ratio (TTM)

Petrobras (PBR) trades at 0.24 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

PBR

Energy industry group

0.24

Group distribution

Max: 5.26
Q3: 3.09
Median: 1.90
Q1: 1.06
PBR: 0.24
Min: 0.00

Largest peers

COP: 2.40
CVX: 2.01
XOM: 1.87
ENB: 1.79
TTE: 1.06
SHEL: 0.89
PBR: 0.24

Where Petrobras (PBR) stands on P/S ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Book Ratio (MRQ)

Petrobras (PBR) trades at 1.42 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

PBR

Energy industry group

1.42

Group distribution

Max: 5.53
Q3: 2.95
Median: 1.81
PBR: 1.42
Q1: 1.21
Min: -0.02

Largest peers

ENB: 2.96
XOM: 2.37
COP: 2.21
CVX: 2.02
TTE: 1.64
PBR: 1.42
SHEL: 1.40

Where Petrobras (PBR) stands on P/B ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

Petrobras (PBR) metric values compared with Energy industry-group medians
Metric	Current stock: PBR	Industry group median
Price-to-Earnings Ratio (TTM)	5.87	18.65
Price-to-Sales Ratio (TTM)	0.24	1.90
Price-to-Book Ratio (MRQ)	1.42	1.81
Free Cash Flow Yield	70.02%	3.41%

Profitability

Return on Equity (TTM)

Petrobras (PBR) posts ROE of 25.60%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

PBR

Energy industry group

25.60%

Group distribution

Max: 37.23%
PBR: 25.60%
Q3: 16.04%
Median: 9.26%
Q1: -0.84%
Min: -20.70%

Largest peers

PBR: 25.60%
TTE: 12.51%
COP: 11.28%
SHEL: 10.70%
ENB: 10.13%
XOM: 9.87%
CVX: 6.64%

Where Petrobras (PBR) stands on ROE within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Net Profit Margin (TTM)

Petrobras (PBR) keeps 21.60% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

PBR

Energy industry group

21.60%

Group distribution

Max: 46.37%
PBR: 21.60%
Q3: 18.61%
Median: 6.23%
Q1: 0.00%
Min: -27.23%

Largest peers

PBR: 21.60%
COP: 12.33%
ENB: 10.00%
TTE: 8.20%
XOM: 7.77%
SHEL: 7.01%
CVX: 5.93%

Where Petrobras (PBR) stands on net margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Operating Profit Margin (TTM)

Petrobras (PBR) turns 31.95% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

PBR

Energy industry group

31.95%

Group distribution

Max: 68.02%
PBR: 31.95%
Q3: 28.39%
Median: 11.81%
Q1: 0.00%
Min: -41.46%

Largest peers

PBR: 31.95%
COP: 22.05%
TTE: 20.35%
SHEL: 14.87%
ENB: 14.73%
CVX: 7.31%
XOM: 6.36%

Where Petrobras (PBR) stands on operating margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

Petrobras (PBR) metric values compared with Energy industry-group medians
Metric	Current stock: PBR	Industry group median
Return on Equity (TTM)	25.60%	9.26%
Return on Assets (TTM)	8.23%	4.22%
Net Profit Margin (TTM)	21.60%	6.23%
Operating Profit Margin (TTM)	31.95%	11.81%
Gross Profit Margin (TTM)	47.36%	39.48%

Financial Strength

Current Ratio (MRQ)

Petrobras (PBR) has current ratio of 0.74, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

PBR

Energy industry group

0.74

Group distribution

Max: 3.33
Q3: 2.13
Median: 1.31
Q1: 0.83
PBR: 0.74
Min: 0.08

Largest peers

COP: 1.29
SHEL: 1.28
CVX: 1.09
TTE: 1.08
XOM: 1.04
ENB: 0.81
PBR: 0.74

Where Petrobras (PBR) stands on current ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Debt-to-Equity Ratio (MRQ)

Petrobras (PBR) has debt-to-equity ratio of 0.83, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

PBR

Energy industry group

0.83

Group distribution

Max: 2.00
Q3: 0.99
PBR: 0.83
Median: 0.61
Q1: 0.31
Min: 0.00

Largest peers

ENB: 1.60
PBR: 0.83
TTE: 0.51
SHEL: 0.43
COP: 0.36
CVX: 0.24
XOM: 0.18

Where Petrobras (PBR) stands on debt-to-equity ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength at a Glance

Petrobras (PBR) metric values compared with Energy industry-group medians
Metric	Current stock: PBR	Industry group median
Current Ratio (MRQ)	0.74	1.31
Debt-to-Equity Ratio (MRQ)	0.83	0.61
Net Debt / EBITDA	1.59	1.40

Dividends

Dividend Yield (TTM)

Petrobras (PBR) has dividend yield of 9.56%, above the entire industry range. That headline income is large, but yields this far above peers often come from a falling share price or an at-risk payout, so dividend safety matters more than the percentage itself.

PBR

Energy industry group

9.56%

Group distribution

PBR: 9.56%
Max: 9.21%
Q3: 3.69%
Median: 1.84%
Q1: 0.00%
Min: 0.00%

Largest peers

PBR: 9.56%
ENB: 4.98%
TTE: 4.79%
CVX: 3.80%
SHEL: 3.65%
COP: 2.87%
XOM: 2.80%

Where Petrobras (PBR) stands on dividend yield within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Petrobras (PBR) has payout ratio of 41.58%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

PBR

Energy industry group

41.58%

Group distribution

Max: 139.86%
Q3: 61.97%
PBR: 41.58%
Median: 31.01%
Q1: 0.00%
Min: 0.00%

Largest peers

ENB: 128.73%
CVX: 120.38%
XOM: 68.01%
TTE: 58.84%
COP: 54.92%
SHEL: 45.05%
PBR: 41.58%

Where Petrobras (PBR) stands on payout ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

Petrobras (PBR) metric values compared with Energy industry-group medians
Metric	Current stock: PBR	Industry group median
Dividend Yield (TTM)	9.56%	1.84%
Dividend Payout Ratio (TTM)	41.58%	31.01%