PBR

Petrobras - Petroleo Brasileiro SA

NYSE· Energy· Oil & Gas Integrated· CUSIP 71654V408

$25.62-0.16%Price as of Oct 23, 00:41 UTC · updated once a day, after the close

At a glance

Petrobras - Petroleo Brasileiro SA (PBR) is listed on NYSE and classified in Oil & Gas Integrated, part of the Energy sector. It is headquartered in Rio De Janeiro, Brazil and has 43,199 employees. The company is worth $165.1B and trades at 6.5x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was R$89.2B in fiscal 2025, down 2.4% from the year before. Net income was R$19.63B. The share price is within 3% of its 52-week high. It pays a dividend yielding 5.58%. 8 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Baillie Gifford (Baillie Gifford & Co), at $785.67M. In that quarter, 6 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.

Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.

Key metrics

Market cap: $165.1B
P/E: 6.5x
Forward P/E: 6.2x
P/B: 1.7x
Dividend yield: 5.58%
Payout: 36.11%
EPS: $3.96
ROE: 30.27%
Profit margin: 24.32%
Revenue growth: +42.30%
Beta: -0.23
52-week high: $26.12
52-week low: $11.43

History

Year by year, from the annual reports; dividends from the payments themselves.

Revenue, debt and profit are in BRL, the currency the company reports in — not converted to dollars. Dividends are in dollars.

Equity, revenue and profitEquityRevenueNet income

Bars are year-end balances; lines are what happened during the year.

Revenue4 years

Net debtDebt minus cash — below zero means more cash than debt

Dividend per sharepaid in 23 of 26 years

Dividend growthComplete years only.

Investors holding this

Major managers that reported this stock in their latest 13F.

Price over time

▲ +143.7% over 5Y.

If you had invested$ago,

today you would have $8,275.01▲ +727.5%

Dividends reinvested, splits accounted for. Past prices say what happened, not what will.

Indicators, year by year

The last 4 closed years, each at that year’s closing price and reported numbers.

Indicator	Median	2025	2024	2023	2022
Year-end price		$11.85	$12.86	$15.97	$10.65
EPS		R$3.04	R$1.17	R$3.94	R$5.62
Dividend yield	20.38%	7.01%	22.35%	18.40%	61.72%
Profit margin	23.16%	22.01%	8.23%	24.30%	29.42%
ROE	28.82%	25.98%	12.74%	31.67%	52.70%

This company reports in BRL, and the stock trades in dollars. P/E, P/S, P/B and payout would divide dollars by BRL, so they are not shown; EPS is in BRL. Margin, ROE and dividend yield do not depend on the currency.

Median of the years shown; P/E years above 200x are left out.

Fair price, seven ways

Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.

Graham

Earnings

$36.37

Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.

Lynch (PEGY)

Earnings

$22.10

Earnings growing 0.0% a year plus a 5.6% dividend yield. Growth capped at 25%.

Sector multiples

Earnings

$58.37

Median P/E of 14.7 among peers in the sector.

Its own history

Earnings

—

This formula has no meaning here — usually a loss, negative cash flow, or a missing input.

Discounted cash flow

Cash flow

—

This formula has no meaning here — usually a loss, negative cash flow, or a missing input.

EV/EBITDA

Operating

—

This formula has no meaning here — usually a loss, negative cash flow, or a missing input.

Gordon (dividends)

Dividends

$17.34

Dividend growing 4.0% a year against a 9.0% required return, from the stock’s beta.

How the average is calculated

The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.

Earnings $38.95 (avg. of 3)+Dividends $17.34÷ 2 =$28.15

Average

$28.15

4 methods answered, across 2 families.

With a 25% margin of safety

$21.11

Room for errors in the reported numbers.

Trading at

$25.62

+9.9% from the average.

Models, not forecasts, and not investment advice. How each formula works →

Others in the same sector

Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.

Stock	Price	P/E	P/B	Dividend yield	ROE	Market cap
PBR.APetrobras - Petroleo Brasileiro SA	$22.90	5.8x	1.5x	6.24%	30.27%	$156.79B
COPConocophillips	$145.63	19.3x	2.7x	2.31%	14.18%	$174.95B
TTETotalEnergies SE	$90.96	11.4x	1.6x	4.44%	14.48%	$200.55B
MPCMarathon Petroleum Corp	$459.28	16.2x	6.8x	0.87%	42.10%	$128.98B
BPBP PLC	$50.05	24.3x	8.9x	4.04%	8.87%	$128.91B
VLOValero Energy Corp	$426.28	17.8x	5.4x	1.13%	27.64%	$122.74B

About the company

Employees: 43,199
Headquarters: Rio De Janeiro, Brazil
Website: petrobras.com.br