(PBR) Petroleo Brasileiro - Overview
Sector: Energy | Industry: Oil & Gas Integrated | Exchange: NYSE (USA) | Market Cap: 129.081m USD | Total Return: 82.9% in 12m
Avg Turnover: 364M
EPS Trend: -82.1%
Qual. Beats: 1
Rev. Trend: -71.5%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
Leader, Confidence
Petróleo Brasileiro S.A. (Petrobras) is a state-controlled integrated energy company headquartered in Rio de Janeiro. The firm manages the full lifecycle of hydrocarbons, from offshore and onshore exploration and production to refining, logistics, and marketing. Its operations are divided into three primary segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Low Carbon Energies.
As an integrated oil and gas entity, Petrobras utilizes a business model that mitigates price volatility by capturing margins across both upstream extraction and downstream processing. The company focuses heavily on Brazil’s pre-salt fields, which are characterized by high-quality crude and significant deepwater technical requirements. Beyond fossil fuels, the company operates thermoelectric plants and is expanding into renewable energy, biodiesel production, and low-carbon initiatives.
Consult ValueRay to further evaluate how these operational segments impact the companys valuation.
- Deepwater pre-salt production expansion drives long-term crude output growth
- Brazilian government intervention risks influence dividend policy and fuel pricing
- Global Brent crude price fluctuations dictate upstream revenue and profit margins
- Capital expenditure shifts toward low-carbon energy impact shareholder cash returns
- Domestic fuel demand and refining margins determine downstream segment profitability
| Net Income: 20.3b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -4.31 > 1.0 |
| NWC/Revenue: -9.99% < 20% (prev -11.13%; Δ 1.14% < -1%) |
| CFO/TA 0.15 > 3% & CFO 34.9b > Net Income 20.3b |
| Net Debt (362b) to EBITDA (41.0b): 8.83 < 3 |
| Current Ratio: 0.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (6.44b) vs 12m ago 0.0% < -2% |
| Gross Margin: 46.60% > 18% (prev 0.50%; Δ 4.61k% > 0.5%) |
| Asset Turnover: 42.54% > 50% (prev 38.36%; Δ 4.18% > 0%) |
| Interest Coverage Ratio: 5.91 > 6 (EBITDA TTM 41.0b / Interest Expense TTM 4.22b) |
| A: -0.04 (Total Current Assets 26.9b - Total Current Liabilities 36.2b) / Total Assets 239b |
| B: 0.15 (Retained Earnings 36.6b / Total Assets 239b) |
| C: 0.11 (EBIT TTM 24.9b / Avg Total Assets 219b) |
| D: 0.56 (Book Value of Equity 85.3b / Total Liabilities 153b) |
| Altman-Z'' = 1.59 = BB |
| DSRI: 1.11 (Receivables 6.32b/4.69b, Revenue 93.3b/76.7b) |
| GMI: 1.06 (GM 46.60% / 49.54%) |
| AQI: 1.01 (AQ_t 0.13 / AQ_t-1 0.13) |
| SGI: 1.22 (Revenue 93.3b / 76.7b) |
| TATA: -0.06 (NI 20.3b - CFO 34.9b) / TA 239b) |
| Beneish M = -2.78 (Cap -4..+1) = A |
As of May 24, 2026, the stock is trading at USD 20.03 with a total of 15,488,366 shares traded.
Over the past week, the price has changed by -0.15%,
over one month by -5.89%,
over three months by +24.02% and
over the past year by +82.89%.
Petroleo Brasileiro has received a consensus analysts rating of 4.36. Therefore, it is recommended to buy PBR.
- StrongBuy: 8
- Buy: 3
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 21.9 | 9.1% |
P/E Trailing = 6.2399
P/E Forward = 4.5106
P/S = 0.2592
P/B = 1.4675
P/EG = 5.0125
Revenue TTM = 93.3b BRL
EBIT TTM = 24.9b BRL
EBITDA TTM = 41.0b BRL
Long Term Debt = 131b BRL (from longTermDebt, last quarter)
Short Term Debt = 12.7b BRL (from shortTermDebt, last quarter)
Debt = 371b BRL (corrected: LT Debt 131b + ST Debt 12.7b) + Leases 228b
Net Debt = 362b BRL (calculated: Debt 371b - CCE 9.12b)
Enterprise Value = 1008b BRL (645b + Debt 371b - CCE 9.12b)
Interest Coverage Ratio = 5.91 (Ebit TTM 24.9b / Interest Expense TTM 4.22b)
EV/FCF = 67.75x (Enterprise Value 1008b / FCF TTM 14.9b)
FCF Yield = 1.48% (FCF TTM 14.9b / Enterprise Value 1008b)
FCF Margin = 15.95% (FCF TTM 14.9b / Revenue TTM 93.3b)
Net Margin = 21.81% (Net Income TTM 20.3b / Revenue TTM 93.3b)
Gross Margin = 46.60% ((Revenue TTM 93.3b - Cost of Revenue TTM 49.8b) / Revenue TTM)
Gross Margin QoQ = 45.04% (prev 46.14%)
Tobins Q-Ratio = 4.22 (Enterprise Value 1008b / Total Assets 239b)
Interest Expense / Debt = 1.14% (Interest Expense 4.22b / Debt 371b)
Taxrate = 33.33% (3.12b / 9.35b)
NOPAT = 16.6b (EBIT 24.9b * (1 - 33.33%))
Current Ratio = 0.74 (Total Current Assets 26.9b / Total Current Liabilities 36.2b)
Debt / Equity = 4.36 (Debt 371b / totalStockholderEquity, last quarter 85.3b)
Debt / EBITDA = 8.83 (Net Debt 362b / EBITDA 41.0b)
Debt / FCF = 24.36 (Net Debt 362b / FCF TTM 14.9b)
Total Stockholder Equity = 78.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.28% (Net Income 20.3b / Total Assets 239b)
RoE = 25.93% (Net Income TTM 20.3b / Total Stockholder Equity 78.5b)
RoCE = 11.91% (EBIT 24.9b / Capital Employed (Equity 78.5b + L.T.Debt 131b))
RoIC = 7.72% (NOPAT 16.6b / Invested Capital 215b)
WACC = 5.71% (E(645b)/V(1017b) * Re(8.56%) + D(371b)/V(1017b) * Rd(1.14%) * (1-Tc(0.33)))
Discount Rate = 8.56% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -35.79 | Cagr: -0.27%
[DCF] Terminal Value 73.10% ; FCFF base≈17.4b ; Y1≈15.2b ; Y5≈12.3b
[DCF] Fair Price = N/A (negative equity: EV 197b - Net Debt 362b = -165b; debt exceeds intrinsic value)
EPS Correlation: -82.12 | EPS CAGR: -16.65% | SUE: 1.17 | # QB: 1
Revenue Correlation: -71.54 | Revenue CAGR: -11.21% | SUE: -0.62 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.24 | Chg30d=+10.90% | Revisions=+43% | Analysts=6
EPS next Quarter (2026-09-30): EPS=1.17 | Chg30d=+14.21% | Revisions=-14% | Analysts=6
EPS current Year (2026-12-31): EPS=3.29 | Chg30d=+1.18% | Revisions=N/A | GrowthEPS=+17.2% | GrowthRev=+18.8%
EPS next Year (2027-12-31): EPS=3.76 | Chg30d=+11.35% | Revisions=+20% | GrowthEPS=+14.1% | GrowthRev=-3.5%
[Analyst] Revisions Ratio: +43%