# Petroleo Brasileiro S.A. Petrobras ADS (PBR) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Energy / Oil, Gas & Consumable Fuels. Price $20.12, market value $129.7 billion.

## Valuation
- **P/E (trailing): 5.1×** (5-yr avg 7.1×, 3-yr avg 10.2×). Petroleo Brasileiro S.A. Petrobras ADS trades at 5.1× trailing earnings, well below its own five-year average of 7.1×: cheap by its own standards. The Energy median in the September 2026 study was 16.8×. Forward P/E is 5.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.01**. A PEG of 0.01 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.2×**. Each dollar of revenue is priced at 1.2×.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 3.5×**. Enterprise value is 3.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 15.5%** (5-yr avg 21.9%). Free cash flow equals 15.5% of the market value, below its five-year average of 21.9%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 19.7%**. The inverse of the P/E: 19.7% of the price is earned each year.

## Profitability
- **Gross margin: 50.7%**. Petroleo Brasileiro S.A. Petrobras ADS keeps 50.7% of revenue after the direct cost of what it sells.
- **Operating margin: 34.6%**. 34.6% of revenue is left after running the business, an exceptional level.
- **Net margin: 22.0%**. 22.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 26.0%**. 26.0% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 19.6%**. Return on all capital, debt included, is 19.6%: comfortably above what that capital costs.
- **Return on assets: 11.5%**. Each dollar of assets produces 11.5% of profit.

## Growth
- **Revenue growth (1 yr): -2.4%** (3-yr -10.5%/yr, 5-yr 10.7%/yr). Revenue fell 2.4% over the last year, against 10.7% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 424.1%** (3-yr 2.7%/yr, 5-yr 102.2%/yr). Earnings per share rose 424.1%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.92**. Debt is 0.92 times equity, moderate leverage.
- **Net debt / EBITDA: 1.1×**. It would take 1.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 12.1×**. Operating profit covers interest 12.1× over, a safe margin.
- **Current ratio: 0.71** (quick 0.48). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.76**. A Z-score of 1.76 is in the distress zone, a signal to examine the balance sheet closely.

## Dividends
- **Dividend yield: 8.36%** ($1.68 per share, trailing). Petroleo Brasileiro S.A. Petrobras ADS yields 8.36%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 41%** (36% of free cash flow). 41% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): 40.9%/yr** (1-yr -65.8%). The dividend has compounded at 40.9% a year over five years, doubling roughly every 2 years at that pace.

## Analyst view
- **Analyst consensus: buy** (14 analysts). 14 analysts cover Petroleo Brasileiro S.A. Petrobras ADS; the consensus is buy, with an average price target of $22.10 (+10% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 64.7%** (YTD 72.1%, 3-mo 13.4%). The shares are up 64.7% over twelve months including dividends.
- **From 52-week high: -9.5%** (76.0% above the low). Trading 10% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 62**. An RSI of 62 is neutral.
- **Beta (1 yr): -0.17** (volatility 33%). Beta of -0.17 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=PBR · Page: https://foliofundamentals.com/stocks/pbr

Not investment advice.