PBR
Petróleo Brasileiro S.A. - Petrobras
Oil & Gas Integrated
Market Cap$81.01B
5Y Perf.+174.0%
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Stock Comparison
PBR vs SHEL
Revenue, margins, valuation, and 5-year total return — side by side.
SHEL
Shell plc
Oil & Gas Integrated
Market Cap$253.93B
5Y Perf.+183.8%
PBR vs SHEL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | PBR | SHEL |
|---|---|---|
| Industry | Oil & Gas Integrated | Oil & Gas Integrated |
| Market Cap | $81.01B | $253.93B |
| Revenue (TTM) | $86.40B | $266.38B |
| Net Income (TTM) | $13.96B | $17.80B |
| Gross Margin | 48.1% | 16.4% |
| Operating Margin | 25.3% | 11.1% |
| Forward P/E | 5.6x | 9.1x |
| Total Debt | $60.31B | $104.58B |
| Cash & Equiv. | $3.27B | $30.22B |
PBR vs SHEL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
PBR
SHEL
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Petróleo Brasileiro… (PBR) | 100 | 274.0 | +174.0% |
| Shell plc (SHEL) | 100 | 283.8 | +183.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PBR vs SHEL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: PBR leads in 6 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Shell plc is the stronger pick specifically for growth and revenue expansion. As sector peers, any of these can serve as alternatives in the same allocation.
PBR
Petróleo Brasileiro S.A. - Petrobras
The Income Pick
PBR carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 0 yrs, beta 0.13, yield 26.1%
- 429.9% 10Y total return vs SHEL's 134.0%
- Lower volatility, beta 0.13, current ratio 0.69x
Best for: income & stability and long-term compounding
SHEL
Shell plc
The Growth Play
SHEL is the clearest fit if your priority is growth exposure.
- Rev growth -5.9%, EPS growth 19.0%, 3Y rev CAGR -11.1%
- -5.9% revenue growth vs PBR's -13.4%
Best for: growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | SHEL | -5.9% revenue growth vs PBR's -13.4% |
| Value | PBR | Lower P/E (5.6x vs 9.1x) |
| Quality / Margins | PBR | 16.2% margin vs SHEL's 6.7% |
| Stability / Safety | PBR | Beta 0.13 vs SHEL's 0.19 |
| Dividends | PBR | 26.1% yield, vs SHEL's 3.2% |
| Momentum (1Y) | PBR | +104.5% vs SHEL's +42.2% |
| Efficiency (ROA) | PBR | 6.8% ROA vs SHEL's 4.7%, ROIC 15.7% vs 6.3% |
PBR vs SHEL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2019
FY 2025
PBR vs SHEL — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLPBRLAGGINGSHEL
SHELShell plc
0leads
PBRPetróleo Brasileiro S…
5leads
6 Total Categories
CATEGORYLEADERvs SHELMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
PBR5/6
Valuation MetricsMultiples, price ratios, and targets
PBR6/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
PBR7/9
Total Returns1Y, 3Y, 5Y total returns with dividends
PBR6/6
Risk & VolatilityBeta, volatility, and downside exposure
PBR2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
PBR leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
SHEL is the larger business by revenue, generating $266.4B annually — 3.1x PBR's $86.4B. PBR is the more profitable business, keeping 16.2% of every revenue dollar as net income compared to SHEL's 6.7%. On growth, PBR holds the edge at +0.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | PBRPetróleo Brasilei… | SHELShell plc |
|---|---|---|
| RevenueTrailing 12 months | $86.4B | $266.4B |
| EBITDAEarnings before interest/tax | $35.9B | $51.8B |
| Net IncomeAfter-tax profit | $14.0B | $17.8B |
| Free Cash FlowCash after capex | $16.7B | $22.7B |
| Gross MarginGross profit ÷ Revenue | +48.1% | +16.4% |
| Operating MarginEBIT ÷ Revenue | +25.3% | +11.1% |
| Net MarginNet income ÷ Revenue | +16.2% | +6.7% |
| FCF MarginFCF ÷ Revenue | +19.4% | +8.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +0.5% | -3.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +2.2% | +3.7% |
PBR leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
PBR leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 9.3x trailing earnings, PBR trades at a 38% valuation discount to SHEL's 14.9x P/E. On an enterprise value basis, PBR's 3.6x EV/EBITDA is more attractive than SHEL's 7.9x.
| Metric | PBRPetróleo Brasilei… | SHELShell plc |
|---|---|---|
| Market CapShares × price | $81.0B | $253.9B |
| Enterprise ValueMkt cap + debt − cash | $138.0B | $328.3B |
| Trailing P/EPrice ÷ TTM EPS | 9.30x | 14.90x |
| Forward P/EPrice ÷ next-FY EPS est. | 5.58x | 9.15x |
| PEG RatioP/E ÷ EPS growth rate | 0.22x | — |
| EV / EBITDAEnterprise value multiple | 3.62x | 7.86x |
| Price / SalesMarket cap ÷ Revenue | 0.89x | 0.95x |
| Price / BookPrice ÷ Book value/share | 1.18x | 1.52x |
| Price / FCFMarket cap ÷ FCF | 3.47x | 11.64x |
PBR leads this category, winning 6 of 6 comparable metrics.
Profitability & Efficiency
PBR leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
PBR delivers a 19.8% return on equity — every $100 of shareholder capital generates $20 in annual profit, vs $10 for SHEL. SHEL carries lower financial leverage with a 0.60x debt-to-equity ratio, signaling a more conservative balance sheet compared to PBR's 1.02x. On the Piotroski fundamental quality scale (0–9), SHEL scores 6/9 vs PBR's 5/9, reflecting solid financial health.
| Metric | PBRPetróleo Brasilei… | SHELShell plc |
|---|---|---|
| ROE (TTM)Return on equity | +19.8% | +9.9% |
| ROA (TTM)Return on assets | +6.8% | +4.7% |
| ROICReturn on invested capital | +15.7% | +6.3% |
| ROCEReturn on capital employed | +15.4% | +6.7% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 1.02x | 0.60x |
| Net DebtTotal debt minus cash | $57.0B | $74.4B |
| Cash & Equiv.Liquid assets | $3.3B | $30.2B |
| Total DebtShort + long-term debt | $60.3B | $104.6B |
| Interest CoverageEBIT ÷ Interest expense | 7.96x | 7.01x |
PBR leads this category, winning 7 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
PBR leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PBR five years ago would be worth $42,285 today (with dividends reinvested), compared to $25,597 for SHEL. Over the past 12 months, PBR leads with a +104.5% total return vs SHEL's +42.2%. The 3-year compound annual growth rate (CAGR) favors PBR at 36.5% vs SHEL's 17.0% — a key indicator of consistent wealth creation.
| Metric | PBRPetróleo Brasilei… | SHELShell plc |
|---|---|---|
| YTD ReturnYear-to-date | +84.3% | +19.9% |
| 1-Year ReturnPast 12 months | +104.5% | +42.2% |
| 3-Year ReturnCumulative with dividends | +154.3% | +60.3% |
| 5-Year ReturnCumulative with dividends | +322.9% | +156.0% |
| 10-Year ReturnCumulative with dividends | +429.9% | +134.0% |
| CAGR (3Y)Annualised 3-year return | +36.5% | +17.0% |
PBR leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
PBR leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
PBR is the less volatile stock with a 0.13 beta — it tends to amplify market swings less than SHEL's 0.19 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PBR currently trades 97.9% from its 52-week high vs SHEL's 94.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | PBRPetróleo Brasilei… | SHELShell plc |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.13x | 0.19x |
| 52-Week HighHighest price in past year | $22.24 | $94.90 |
| 52-Week LowLowest price in past year | $11.04 | $64.81 |
| % of 52W HighCurrent price vs 52-week peak | +97.9% | +94.5% |
| RSI (14)Momentum oscillator 0–100 | 62.6 | 49.6 |
| Avg Volume (50D)Average daily shares traded | 29.4M | 7.9M |
PBR leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — PBR and SHEL each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates PBR as "Buy" and SHEL as "Buy". Consensus price targets imply 5.5% upside for SHEL (target: $95) vs -14.2% for PBR (target: $19). For income investors, PBR offers the higher dividend yield at 26.13% vs SHEL's 3.18%.
| Metric | PBRPetróleo Brasilei… | SHELShell plc |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $18.67 | $94.67 |
| # AnalystsCovering analysts | 22 | 12 |
| Dividend YieldAnnual dividend ÷ price | +26.1% | +3.2% |
| Dividend StreakConsecutive years of raises | 0 | 4 |
| Dividend / ShareAnnual DPS | $5.69 | $2.85 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.5% | +6.0% |
Evenly matched — PBR and SHEL each lead in 1 of 2 comparable metrics.
Key Takeaway
PBR leads in 5 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 1 category is tied.
Best OverallPetróleo Brasileiro S.A. - … (PBR)Leads 5 of 6 categories
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PBR vs SHEL: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is PBR or SHEL a better buy right now?
For growth investors, Shell plc (SHEL) is the stronger pick with -5.
9% revenue growth year-over-year, versus -13. 4% for Petróleo Brasileiro S. A. - Petrobras (PBR). Petróleo Brasileiro S. A. - Petrobras (PBR) offers the better valuation at 9. 3x trailing P/E (5. 6x forward), making it the more compelling value choice. Analysts rate Petróleo Brasileiro S. A. - Petrobras (PBR) a "Buy" — based on 22 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — PBR or SHEL?
On trailing P/E, Petróleo Brasileiro S.
A. - Petrobras (PBR) is the cheapest at 9. 3x versus Shell plc at 14. 9x. On forward P/E, Petróleo Brasileiro S. A. - Petrobras is actually cheaper at 5. 6x.
03Which is the better long-term investment — PBR or SHEL?
Over the past 5 years, Petróleo Brasileiro S.
A. - Petrobras (PBR) delivered a total return of +322. 9%, compared to +156. 0% for Shell plc (SHEL). Over 10 years, the gap is even starker: PBR returned +399. 3% versus SHEL's +134. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — PBR or SHEL?
By beta (market sensitivity over 5 years), Petróleo Brasileiro S.
A. - Petrobras (PBR) is the lower-risk stock at 0. 13β versus Shell plc's 0. 19β — meaning SHEL is approximately 42% more volatile than PBR relative to the S&P 500. On balance sheet safety, Shell plc (SHEL) carries a lower debt/equity ratio of 60% versus 102% for Petróleo Brasileiro S. A. - Petrobras — giving it more financial flexibility in a downturn.
05Which is growing faster — PBR or SHEL?
By revenue growth (latest reported year), Shell plc (SHEL) is pulling ahead at -5.
9% versus -13. 4% for Petróleo Brasileiro S. A. - Petrobras (PBR). On earnings-per-share growth, the picture is similar: Shell plc grew EPS 19. 0% year-over-year, compared to -70. 3% for Petróleo Brasileiro S. A. - Petrobras. Over a 3-year CAGR, PBR leads at 2. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — PBR or SHEL?
Petróleo Brasileiro S.
A. - Petrobras (PBR) is the more profitable company, earning 8. 2% net margin versus 6. 7% for Shell plc — meaning it keeps 8. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PBR leads at 28. 1% versus 7. 3% for SHEL. At the gross margin level — before operating expenses — PBR leads at 50. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is PBR or SHEL more undervalued right now?
On forward earnings alone, Petróleo Brasileiro S.
A. - Petrobras (PBR) trades at 5. 6x forward P/E versus 9. 1x for Shell plc — 3. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SHEL: 5. 5% to $94. 67.
08Which pays a better dividend — PBR or SHEL?
All stocks in this comparison pay dividends.
Petróleo Brasileiro S. A. - Petrobras (PBR) offers the highest yield at 26. 1%, versus 3. 2% for Shell plc (SHEL).
09Is PBR or SHEL better for a retirement portfolio?
For long-horizon retirement investors, Petróleo Brasileiro S.
A. - Petrobras (PBR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 13), 26. 1% yield, +399. 3% 10Y return). Both have compounded well over 10 years (PBR: +399. 3%, SHEL: +134. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between PBR and SHEL?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(PBR: 0.5% · SHEL: -3.4%)Net Margin>
%
(PBR: 16.2% · SHEL: 6.7%)P/E Ratio<
x
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