FRO vs. PBR: Frontline vs. Petróleo Brasileiro S.A. Stock Comparison
How do Frontline (FRO) and Petróleo Brasileiro S.A. (PBR) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Frontline (FRO) and Petróleo Brasileiro S.A. (PBR) both belong to the Oil, Gas & Consumable Fuels industry, though FRO is classified under Oil & Gas Storage & Transportation while PBR falls under Integrated Oil & Gas.
Frontline (FRO) trades as ordinary local shares, while Petróleo Brasileiro S.A. (PBR) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | FRO | PBR |
|---|---|---|
| Name | Frontline plc Ordinary Shares | Petróleo Brasileiro S.A. - Petrobras |
| Country/Region | Cyprus | Brazil |
| GICS Sector | Energy | Energy |
| GICS Industry Group | Energy | Energy |
| GICS Industry | Oil, Gas & Consumable Fuels | Oil, Gas & Consumable Fuels |
| GICS Sub-Industry | Oil & Gas Storage & Transportation | Integrated Oil & Gas |
| Market Capitalization | 10.11 billion USD | 119.41 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | August 6, 2001 | August 10, 2000 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FRO | PBR |
|---|---|---|
| Total Return (1Y) | 119.28% | 49.32% |
| Total Return (3Y, Annualized) | 40.57% | 19.48% |
| Total Return (5Y, Annualized) | 52.54% | 41.67% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | FRO | PBR |
|---|---|---|
| Volatility (1Y, Annualized) | 46.26% | 38.67% |
| Beta (5Y) | 0.22 | 0.42 |
| Max Drawdown (5Y) | -52.04% | -35.75% |
| Avg. Volume (3M) | 3.68M | 23.94M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FRO | PBR |
|---|---|---|
| Sharpe Ratio (1Y) | 2.49 | 1.16 |
| Sortino Ratio (1Y) | 3.74 | 1.67 |
Profitability
ROE (TTM)
Both Frontline (FRO) at 53.85% and Petróleo Brasileiro S.A. (PBR) at 30.27% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
FRO
Energy industry group
53.85%
- FRO
- 53.85%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
PBR
Energy industry group
30.27%
- Max
- 53.85%
- PBR
- 30.27%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
For every dollar of sales, both Frontline (FRO) at 54.76% and Petróleo Brasileiro S.A. (PBR) at 24.32% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
FRO
Energy industry group
54.76%
- Max
- 56.92%
- FRO
- 54.76%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
PBR
Energy industry group
24.32%
- Max
- 56.92%
- PBR
- 24.32%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
Both Frontline (FRO) at 65.83% and Petróleo Brasileiro S.A. (PBR) at 44.68% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.
FRO
Energy industry group
65.83%
- Max
- 71.31%
- FRO
- 65.83%
- Q3
- 33.75%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
PBR
Energy industry group
44.68%
- Max
- 71.31%
- PBR
- 44.68%
- Q3
- 33.75%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | FRO | PBR |
|---|---|---|
| ROE (TTM) | 53.85% | 30.27% |
| ROA (TTM) | 14.25% | 10.07% |
| Net Margin (TTM) | 54.76% | 24.32% |
| Operating Margin (TTM) | 65.83% | 44.68% |
| Gross Margin (TTM) | 63.03% | 50.60% |
Growth
Revenue Growth
Both Frontline (FRO) at -4.16% and Petróleo Brasileiro S.A. (PBR) at -2.43% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Petróleo Brasileiro S.A. (PBR) at 160.23% clears its industry range for EPS growth, a much stronger earnings trajectory than Frontline (FRO) at -23.77%, which is closer to a typical peer reading.
Growth Metrics
| Metric | FRO | PBR |
|---|---|---|
| Revenue Growth (YoY) | -4.16% | -2.43% |
| Revenue Growth (3Y CAGR) | 11.17% | -10.51% |
| EPS Growth (YoY) | -23.77% | 160.23% |
| EPS Growth (3Y CAGR) | -8.37% | -18.50% |
Financial Strength
Current Ratio (MRQ)
Frontline (FRO) at 1.87 keeps current ratio within its industry’s typical mid-range, while Petróleo Brasileiro S.A. (PBR) at 0.85 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PBR.
FRO
Energy industry group
1.87
- Max
- 3.64
- Q3
- 2.21
- FRO
- 1.87
- Median
- 1.41
- Q1
- 0.88
- Min
- 0.24
PBR
Energy industry group
0.85
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- PBR
- 0.85
- Min
- 0.24
Debt / Equity (MRQ)
Both Frontline (FRO) at 0.77 and Petróleo Brasileiro S.A. (PBR) at 0.76 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
FRO
Energy industry group
0.77
- Max
- 1.75
- Q3
- 0.93
- FRO
- 0.77
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
PBR
Energy industry group
0.76
- Max
- 1.75
- Q3
- 0.93
- PBR
- 0.76
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
Financial Strength Metrics
| Metric | FRO | PBR |
|---|---|---|
| Current Ratio (MRQ) | 1.87 | 0.85 |
| Debt / Equity (MRQ) | 0.77 | 0.76 |
| Net Debt / EBITDA | 1.28 | 1.29 |
Dividends
Dividend Yield (TTM)
Both Frontline (FRO) at 12.04% and Petróleo Brasileiro S.A. (PBR) at 19.51% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.
FRO
Energy industry group
12.04%
- FRO
- 12.04%
- Max
- 8.57%
- Q3
- 3.58%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
PBR
Energy industry group
19.51%
- PBR
- 19.51%
- Max
- 8.57%
- Q3
- 3.58%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Frontline (FRO) at 46.93% and Petróleo Brasileiro S.A. (PBR) at 28.93% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
FRO
Energy industry group
46.93%
- Max
- 133.24%
- Q3
- 53.31%
- FRO
- 46.93%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
PBR
Energy industry group
28.93%
- Max
- 133.24%
- Q3
- 53.31%
- PBR
- 28.93%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | FRO | PBR |
|---|---|---|
| Dividend Yield (TTM) | 12.04% | 19.51% |
| Dividend Payout Ratio (TTM) | 46.93% | 28.93% |
Valuation
P/E Ratio (TTM)
Both Frontline (FRO) at 6.81 and Petróleo Brasileiro S.A. (PBR) at 4.68 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.
FRO
Energy industry group
6.81
- Max
- 39.54
- Q3
- 21.72
- Median
- 12.19
- Q1
- 7.71
- FRO
- 6.81
- Min
- 2.99
PBR
Energy industry group
4.68
- Max
- 39.54
- Q3
- 21.72
- Median
- 12.19
- Q1
- 7.71
- PBR
- 4.68
- Min
- 2.99
P/S Ratio (TTM)
Petróleo Brasileiro S.A. (PBR) at 0.22 looks cheap on sales in the lower P/S ratio quartile, while Frontline (FRO) at 3.72 looks rich in the upper quartile — a clear gap in price per dollar of revenue.
FRO
Energy industry group
3.72
- Max
- 5.40
- FRO
- 3.72
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
PBR
Energy industry group
0.22
- Max
- 5.40
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- PBR
- 0.22
- Min
- 0.00
P/B Ratio (MRQ)
Petróleo Brasileiro S.A. (PBR) at 1.25 is valued about in line with its industry on P/B ratio, while Frontline (FRO) at 3.20 carries an above-peer premium to book — FRO is pricier on assets.
FRO
Energy industry group
3.20
- Max
- 4.21
- FRO
- 3.20
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
PBR
Energy industry group
1.25
- Max
- 4.21
- Q3
- 2.38
- Median
- 1.51
- PBR
- 1.25
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | FRO | PBR |
|---|---|---|
| P/E Ratio (TTM) | 6.81 | 4.68 |
| P/S Ratio (TTM) | 3.72 | 0.22 |
| P/B Ratio (MRQ) | 3.20 | 1.25 |
| Free Cash Flow Yield (TTM) | 2.81% | 78.92% |