(PBR) Petroleo Brasileiro - Overview
Stock: Oil, Natural Gas, Gasoline, Diesel, Fertilizer
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 10.27% |
| Yield on Cost 5y | 37.40% |
| Yield CAGR 5y | -12.69% |
| Payout Consistency | 70.0% |
| Payout Ratio | 45.7% |
| Risk 5d forecast | |
|---|---|
| Volatility | 30.6% |
| Relative Tail Risk | -11.8% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.57 |
| Alpha | 6.47 |
| Character TTM | |
|---|---|
| Beta | 0.665 |
| Beta Downside | 0.971 |
| Drawdowns 3y | |
|---|---|
| Max DD | 25.93% |
| CAGR/Max DD | 1.16 |
Description: PBR Petroleo Brasileiro January 27, 2026
Petrobras (NYSE:PBR) is Brazil’s integrated oil-and-gas champion, operating three core segments: (1) Exploration & Production, which discovers and extracts crude oil, natural-gas liquids and gas mainly for domestic refineries; (2) Refining, Transportation & Marketing, covering crude processing, logistics, product trading, fertilizer production and petrochemical stakes; and (3) Gas & Low-Carbon Energies, handling natural-gas and power logistics, LNG trading, thermoelectric generation, renewable projects, biodiesel and other low-carbon initiatives. The firm’s activities span the full energy value chain-from upstream drilling to downstream distribution and emerging clean-energy businesses.
Key recent metrics (as of FY 2025):
• Crude-oil production averaged 2.9 million bbl/d, up 5 % YoY, driven by the pre-sale of the Lula-field offshore assets.
• Net profit reached US$14.2 billion, reflecting a 30 % margin improvement after the 2024 debt-restructuring and a 12 % dividend payout (≈13 % yield).
• Total capital expenditure was US$15 billion, with US$6 billion earmarked for low-carbon projects (biofuels, hydrogen and offshore wind).
• Debt-to-Equity stood at 0.75, down from 0.92 in 2023, indicating a modest deleveraging trend.
Sector drivers include a projected 1.5 % annual rise in global oil demand through 2028 and Brazil’s recent fiscal reforms that could lower the corporate tax rate to 15 % by 2027, potentially boosting net cash flow.
For a deeper quantitative assessment, consider reviewing Petrobras’ detailed valuation models on the ValueRay platform.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 12.35b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -6.46 > 1.0 |
| NWC/Revenue: -8.35% < 20% (prev -2.17%; Δ -6.17% < -1%) |
| CFO/TA 0.15 > 3% & CFO 33.59b > Net Income 12.35b |
| Net Debt (61.75b) to EBITDA (42.71b): 1.45 < 3 |
| Current Ratio: 0.82 > 1.5 & < 3 |
| Outstanding Shares: last quarter (6.44b) vs 12m ago 0.00% < -2% |
| Gross Margin: 47.72% > 18% (prev 0.51%; Δ 4721 % > 0.5%) |
| Asset Turnover: 34.93% > 50% (prev 49.38%; Δ -14.45% > 0%) |
| Interest Coverage Ratio: 7.80 > 6 (EBITDA TTM 42.71b / Interest Expense TTM 4.41b) |
Altman Z'' 1.66
| A: -0.03 (Total Current Assets 28.08b - Total Current Liabilities 34.29b) / Total Assets 227.89b |
| B: 0.06 (Retained Earnings 13.20b / Total Assets 227.89b) |
| C: 0.16 (EBIT TTM 34.43b / Avg Total Assets 212.86b) |
| D: 0.54 (Book Value of Equity 79.52b / Total Liabilities 147.99b) |
| Altman-Z'' Score: 1.66 = BB |
Beneish M -3.12
| DSRI: 1.16 (Receivables 6.04b/6.82b, Revenue 74.35b/97.69b) |
| GMI: 1.07 (GM 47.72% / 51.28%) |
| AQI: 0.94 (AQ_t 0.12 / AQ_t-1 0.13) |
| SGI: 0.76 (Revenue 74.35b / 97.69b) |
| TATA: -0.09 (NI 12.35b - CFO 33.59b) / TA 227.89b) |
| Beneish M-Score: -3.12 (Cap -4..+1) = AA |
What is the price of PBR shares?
Over the past week, the price has changed by -3.06%, over one month by +28.52%, over three months by +26.27% and over the past year by +18.67%.
Is PBR a buy, sell or hold?
- StrongBuy: 8
- Buy: 3
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the PBR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 14.7 | -0.9% |
| Analysts Target Price | 14.7 | -0.9% |
| ValueRay Target Price | 19.2 | 29.4% |
PBR Fundamental Data Overview February 03, 2026
P/E Trailing = 6.0324
P/E Forward = 5.9666
P/S = 0.2012
P/B = 1.2578
P/EG = 0.2883
Revenue TTM = 74.35b BRL
EBIT TTM = 34.43b BRL
EBITDA TTM = 42.71b BRL
Long Term Debt = 25.64b BRL (from longTermDebt, last quarter)
Short Term Debt = 12.07b BRL (from shortTermDebt, last quarter)
Debt = 70.71b BRL (from shortLongTermDebtTotal, last quarter)
Net Debt = 61.75b BRL (from netDebt column, last quarter)
Enterprise Value = 465.07b BRL (441.58b + Debt 70.71b - CCE 47.23b)
Interest Coverage Ratio = 7.80 (Ebit TTM 34.43b / Interest Expense TTM 4.41b)
EV/FCF = 28.24x (Enterprise Value 465.07b / FCF TTM 16.47b)
FCF Yield = 3.54% (FCF TTM 16.47b / Enterprise Value 465.07b)
FCF Margin = 22.15% (FCF TTM 16.47b / Revenue TTM 74.35b)
Net Margin = 16.61% (Net Income TTM 12.35b / Revenue TTM 74.35b)
Gross Margin = 47.72% ((Revenue TTM 74.35b - Cost of Revenue TTM 38.87b) / Revenue TTM)
Gross Margin QoQ = 47.78% (prev 47.59%)
Tobins Q-Ratio = 2.04 (Enterprise Value 465.07b / Total Assets 227.89b)
Interest Expense / Debt = 1.11% (Interest Expense 783.1m / Debt 70.71b)
Taxrate = 26.92% (2.23b / 8.28b)
NOPAT = 25.16b (EBIT 34.43b * (1 - 26.92%))
Current Ratio = 0.82 (Total Current Assets 28.08b / Total Current Liabilities 34.29b)
Debt / Equity = 0.89 (Debt 70.71b / totalStockholderEquity, last quarter 79.52b)
Debt / EBITDA = 1.45 (Net Debt 61.75b / EBITDA 42.71b)
Debt / FCF = 3.75 (Net Debt 61.75b / FCF TTM 16.47b)
Total Stockholder Equity = 70.20b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.80% (Net Income 12.35b / Total Assets 227.89b)
RoE = 17.59% (Net Income TTM 12.35b / Total Stockholder Equity 70.20b)
RoCE = 35.92% (EBIT 34.43b / Capital Employed (Equity 70.20b + L.T.Debt 25.64b))
RoIC = 26.37% (NOPAT 25.16b / Invested Capital 95.41b)
WACC = 7.32% (E(441.58b)/V(512.29b) * Re(8.36%) + D(70.71b)/V(512.29b) * Rd(1.11%) * (1-Tc(0.27)))
Discount Rate = 8.36% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.30%
[DCF Debug] Terminal Value 77.96% ; FCFF base≈20.71b ; Y1≈17.26b ; Y5≈12.70b
Fair Price DCF = 55.05 (EV 266.59b - Net Debt 61.75b = Equity 204.84b / Shares 3.72b; r=7.32% [WACC]; 5y FCF grow -20.08% → 2.90% )
EPS Correlation: -74.32 | EPS CAGR: -51.46% | SUE: -1.95 | # QB: 0
Revenue Correlation: -53.01 | Revenue CAGR: -0.62% | SUE: -0.70 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.50 | Chg30d=-0.161 | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=2.50 | Chg30d=+0.017 | Revisions Net=+1 | Growth EPS=-16.6% | Growth Revenue=-1.3%