Petróleo Brasileiro S.A. (PBR) Stock Analysis

October 26, 2026

This is a peer-relative look at Petróleo Brasileiro S.A. (PBR): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Energy peers, so every number reads in context rather than in isolation.

Company Profile

Petróleo Brasileiro S.A. (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 Petróleo Brasileiro S.A. (PBR)
Profile Item	PBR
Name	Petróleo Brasileiro S.A. - Petrobras
Country/Region	Brazil
GICS Sector	Energy
GICS Industry Group	Energy
GICS Industry	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Integrated Oil & Gas
Market Capitalization	168.58 billion USD
Currency	USD
Exchange	NYSE
Listing Date	August 10, 2000
Security Type	ADR

Price Performance

Cumulative Growth

PBR

GSPC

Petróleo Brasileiro S.A. (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 Petróleo Brasileiro S.A. (PBR) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Petróleo Brasileiro S.A. (PBR) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Petróleo Brasileiro S.A. (PBR) metric values compared with Energy industry-group medians
Metric	Current stock: PBR	Industry group median
Total Return (1Y)	130.52%	46.31%
Total Return (3Y, Annualized)	33.89%	16.08%
Total Return (5Y, Annualized)	52.39%	18.21%

Risk Profile

Drawdown History

PBR

GSPC

Petróleo Brasileiro S.A. (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.

Return Distribution

Loading price history…

Distribution of monthly total returns for Petróleo Brasileiro S.A. (PBR) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Petróleo Brasileiro S.A. (PBR) metric values compared with Energy industry-group medians
Metric	Current stock: PBR	Industry group median
Volatility (1Y, Annualized)	35.08%	40.28%
Beta (5Y)	0.34	0.64
Max Drawdown (5Y)	-35.75%	-52.45%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. PBR is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Petróleo Brasileiro S.A. (PBR) metric values compared with Energy industry-group medians
Metric	Current stock: PBR	Industry group median
Sharpe Ratio (1Y)	3.60	1.14
Sortino Ratio (1Y)	6.00	1.76

Profitability

ROE (TTM)

Petróleo Brasileiro S.A. (PBR) posts ROE of 30.27%, 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

30.27%

Group distribution

Max: 42.10%
PBR: 30.27%
Q3: 21.09%
Median: 11.52%
Q1: 1.53%
Min: -26.68%

Largest peers

PBR: 30.27%
TTE: 14.48%
SHEL: 14.34%
COP: 14.18%
XOM: 12.58%
CVX: 12.23%
BP: 8.87%

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

Net Margin (TTM)

Petróleo Brasileiro S.A. (PBR) keeps 24.32% 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

24.32%

Group distribution

Max: 54.76%
PBR: 24.32%
Q3: 22.70%
Median: 8.93%
Q1: 0.84%
Min: -31.11%

Largest peers

PBR: 24.32%
COP: 14.40%
CVX: 9.83%
TTE: 9.08%
XOM: 9.07%
SHEL: 8.76%
BP: 2.55%

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

Operating Margin (TTM)

Petróleo Brasileiro S.A. (PBR) turns 44.68% 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

44.68%

Group distribution

Max: 83.65%
PBR: 44.68%
Q3: 44.13%
Median: 23.20%
Q1: 8.91%
Min: -9.47%

Largest peers

PBR: 44.68%
COP: 31.51%
CVX: 21.87%
SHEL: 16.69%
XOM: 15.86%
BP: 13.15%
TTE: 12.79%

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

Profitability Metrics

Petróleo Brasileiro S.A. (PBR) metric values compared with Energy industry-group medians
Metric	Current stock: PBR	Industry group median
ROE (TTM)	30.27%	11.52%
ROA (TTM)	10.07%	4.85%
Net Margin (TTM)	24.32%	8.93%
Operating Margin (TTM)	44.68%	23.20%
Gross Margin (TTM)	50.60%	45.19%

Growth

Revenue Growth

Petróleo Brasileiro S.A. (PBR) grew revenue -2.43%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Petróleo Brasileiro S.A. (PBR): Revenue Growth across different time periods, set against Energy industry-group medians.

EPS Growth

Petróleo Brasileiro S.A. (PBR) grew earnings per share 162.07%, above the industry benchmark range. Profits are compounding faster than at any typical peer, though a depressed base year can inflate the percentage, so the level of earnings matters alongside the rate.

Petróleo Brasileiro S.A. (PBR): EPS Growth across different time periods, set against Energy industry-group medians.

Growth Metrics

Petróleo Brasileiro S.A. (PBR) metric values compared with Energy industry-group medians
Metric	Current stock: PBR	Industry group median
Revenue Growth (YoY)	-2.43%	0.51%
Revenue Growth (3Y CAGR)	-10.51%	0.46%
EPS Growth (YoY)	162.07%	-12.75%
EPS Growth (3Y CAGR)	-18.52%	-12.24%

Financial Strength

Current Ratio (MRQ)

Petróleo Brasileiro S.A. (PBR) has current ratio of 0.85, 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

0.85

Group distribution

Max: 4.12
Q3: 2.20
Median: 1.44
Q1: 0.88
PBR: 0.85
Min: 0.24

Largest peers

COP: 1.54
SHEL: 1.44
BP: 1.27
CVX: 1.25
XOM: 1.14
TTE: 1.06
PBR: 0.85

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

Debt / Equity (MRQ)

Petróleo Brasileiro S.A. (PBR) has debt-to-equity ratio of 0.76, 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

0.76

Group distribution

Max: 2.00
Q3: 1.00
PBR: 0.76
Median: 0.56
Q1: 0.28
Min: 0.00

Largest peers

BP: 0.95
PBR: 0.76
TTE: 0.48
SHEL: 0.40
COP: 0.36
CVX: 0.19
XOM: 0.16

Where Petróleo Brasileiro S.A. (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 Metrics

Petróleo Brasileiro S.A. (PBR) metric values compared with Energy industry-group medians
Metric	Current stock: PBR	Industry group median
Current Ratio (MRQ)	0.85	1.44
Debt / Equity (MRQ)	0.76	0.56
Net Debt / EBITDA	1.29	1.28

Dividends

Dividend Yield (TTM)

Petróleo Brasileiro S.A. (PBR) has dividend yield of 14.31%, 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

14.31%

Group distribution

PBR: 14.31%
Max: 8.06%
Q3: 3.28%
Median: 1.58%
Q1: 0.00%
Min: 0.00%

Largest peers

PBR: 14.31%
TTE: 4.45%
CVX: 3.08%
XOM: 2.29%
COP: 2.27%
SHEL: 1.43%
BP: 0.67%

Where Petróleo Brasileiro S.A. (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)

Petróleo Brasileiro S.A. (PBR) has payout ratio of 28.93%, 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

28.93%

Group distribution

Max: 147.68%
Q3: 59.19%
PBR: 28.93%
Median: 26.70%
Q1: 0.00%
Min: 0.00%

Largest peers

BP: 95.25%
CVX: 67.18%
XOM: 52.51%
TTE: 49.62%
COP: 43.71%
SHEL: 32.64%
PBR: 28.93%

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

Dividend Metrics

Petróleo Brasileiro S.A. (PBR) metric values compared with Energy industry-group medians
Metric	Current stock: PBR	Industry group median
Dividend Yield (TTM)	14.31%	1.58%
Dividend Payout Ratio (TTM)	28.93%	26.70%

Valuation

P/E Ratio (TTM)

Petróleo Brasileiro S.A. (PBR) trades at P/E ratio of 6.61, 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

6.61

Group distribution

Max: 46.52
Q3: 25.52
Median: 15.71
Q1: 9.56
PBR: 6.61
Min: 2.36

Largest peers

BP: 25.03
XOM: 23.58
CVX: 22.45
COP: 19.97
SHEL: 11.94
TTE: 11.61
PBR: 6.61

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

P/S Ratio (TTM)

Petróleo Brasileiro S.A. (PBR) trades at 0.31 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

0.31

Group distribution

Max: 6.10
Q3: 3.22
Median: 2.06
Q1: 1.07
PBR: 0.31
Min: 0.00

Largest peers

COP: 2.81
CVX: 2.18
XOM: 2.09
TTE: 1.04
SHEL: 1.04
BP: 0.61
PBR: 0.31

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

P/B Ratio (MRQ)

Petróleo Brasileiro S.A. (PBR) trades at 1.76 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

1.76

Group distribution

Max: 4.69
Q3: 2.65
Median: 1.77
PBR: 1.76
Q1: 1.26
Min: 0.01

Largest peers

BP: 9.09
XOM: 2.90
COP: 2.77
CVX: 2.41
PBR: 1.76
SHEL: 1.67
TTE: 1.61

Where Petróleo Brasileiro S.A. (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 Metrics

Petróleo Brasileiro S.A. (PBR) metric values compared with Energy industry-group medians
Metric	Current stock: PBR	Industry group median
P/E Ratio (TTM)	6.61	15.71
P/S Ratio (TTM)	0.31	2.06
P/B Ratio (MRQ)	1.76	1.77
Free Cash Flow Yield (TTM)	55.90%	4.12%