Petróleo Brasileiro S.A. - Petrobras (PBR) Financial Ratios
27 years of historical data (1999–2025) · Energy · Oil & Gas Integrated
EV/EBITDA
↑
4.14
↑+45% vs avg
5yr avg: 2.86
30Y Low1.7·High10.0
P/FCF
↑
6.46
↑+109% vs avg
5yr avg: 3.09
30Y Low1.7·High149.9
P/B Ratio
↓
1.42
↑+24% vs avg
5yr avg: 1.15
30Y Low0.4·High3.7
ROE
↓
29.7%
-6% vs avg
5yr avg: 31.6%
30Y Low-9%·High52%
Debt/EBITDA
↑
1.69
↑+29% vs avg
5yr avg: 1.31
30Y Low0.6·High4.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PBR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Petróleo Brasileiro S.A. - Petrobras trades at 5.4x earnings, 10% above its 5-year average of 4.9x, sitting at the 23rd percentile of its historical range. Compared to the Energy sector median P/E of 15.5x, the stock trades at a discount of 65%. On a free-cash-flow basis, the stock trades at 6.5x P/FCF, 109% above the 5-year average of 3.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $107.9B | $76.4B | $82.9B | $103.3B | $69.5B | $71.6B | $73.2B | $104.0B | $84.9B | $67.1B | $65.9B |
| Enterprise Value | $171.5B | $140.0B | $139.9B | $153.2B | $115.3B | $119.9B | $137.1B | $183.7B | $155.3B | $153.9B | $163.1B |
| P/E Ratio → | 5.37 | 3.80 | 11.09 | 4.03 | 1.90 | 3.61 | 56.15 | 39.85 | 38.26 | — | — |
| P/S Ratio | 1.19 | 0.84 | 0.91 | 0.98 | 0.56 | 0.85 | 1.36 | 1.36 | 1.00 | 0.86 | 0.81 |
| P/B Ratio | 1.42 | 1.00 | 1.40 | 1.31 | 0.99 | 1.03 | 1.22 | 1.40 | 1.16 | 0.82 | 0.85 |
| P/FCF | 6.46 | 4.57 | 3.55 | 3.32 | 1.73 | 2.28 | 3.18 | 61.05 | 5.87 | 4.98 | 5.48 |
| P/OCF | 2.95 | 2.09 | 2.18 | 2.39 | 1.40 | 1.89 | 2.54 | 4.06 | 3.22 | 2.48 | 2.53 |
P/E links to full P/E history page with 30-year chart
PBR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Petróleo Brasileiro S.A. - Petrobras's enterprise value stands at 4.1x EBITDA, 45% above its 5-year average of 2.9x. The Energy sector median is 7.8x, placing the stock at a 47% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.54 | 1.53 | 1.45 | 0.93 | 1.43 | 2.55 | 2.40 | 1.84 | 1.98 | 2.00 |
| EV / EBITDA | 4.14 | 3.38 | 3.67 | 2.72 | 1.73 | 2.81 | 4.35 | 5.14 | 4.48 | 6.73 | 5.50 |
| EV / EBIT | 6.60 | 5.07 | 9.34 | 3.64 | 2.03 | 3.61 | 24.72 | 9.83 | 9.56 | 20.98 | 70.30 |
| EV / FCF | — | 8.37 | 6.00 | 4.93 | 2.87 | 3.81 | 5.96 | 107.88 | 10.75 | 11.42 | 13.56 |
PBR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Petróleo Brasileiro S.A. - Petrobras earns an operating margin of 28.6%, above the Energy sector average of 13.8%. Operating margins have compressed from 45.0% to 28.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 29.7% indicates solid capital efficiency, compared to the sector median of 7.2%. ROIC of 15.2% represents solid returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.6% | 47.6% | 50.3% | 52.7% | 52.2% | 48.6% | 45.6% | 40.3% | 38.3% | 34.3% | 31.9% |
| Operating Margin | 28.6% | 28.6% | 28.1% | 45.0% | 42.8% | 36.9% | 37.3% | 27.3% | 26.9% | 12.5% | 19.3% |
| Net Profit Margin | 22.1% | 22.1% | 8.2% | 24.3% | 29.4% | 23.7% | 2.1% | 13.3% | 8.5% | -0.1% | -5.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 29.7% | 29.7% | 10.9% | 34.5% | 52.5% | 30.7% | 1.7% | 13.8% | 9.3% | -0.1% | -6.7% |
| ROA | 9.9% | 9.9% | 3.8% | 12.7% | 20.3% | 10.9% | 0.5% | 4.5% | 3.0% | -0.0% | -2.0% |
| ROIC | 15.2% | 15.2% | 15.7% | 29.1% | 34.2% | 19.2% | 10.8% | 10.5% | 11.0% | 4.2% | 6.9% |
| ROCE | 15.4% | 15.4% | 15.4% | 28.0% | 34.8% | 19.7% | 11.0% | 10.5% | 10.8% | 4.3% | 7.4% |
PBR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Petróleo Brasileiro S.A. - Petrobras carries a Debt/EBITDA ratio of 1.7x, which is manageable (35% below the sector average of 2.6x). Net debt stands at $63.6B ($70.1B total debt minus $6.5B cash). Interest coverage of 213.7x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.92 | 0.92 | 1.02 | 0.79 | 0.77 | 0.84 | 1.26 | 1.17 | 1.15 | 1.34 | 1.53 |
| Debt / EBITDA | 1.69 | 1.69 | 1.58 | 1.11 | 0.81 | 1.38 | 2.40 | 2.44 | 2.43 | 4.78 | 3.99 |
| Net Debt / Equity | — | 0.83 | 0.96 | 0.63 | 0.66 | 0.69 | 1.07 | 1.07 | 0.96 | 1.06 | 1.25 |
| Net Debt / EBITDA | 1.54 | 1.54 | 1.49 | 0.88 | 0.69 | 1.13 | 2.03 | 2.23 | 2.03 | 3.79 | 3.28 |
| Debt / FCF | — | 3.80 | 2.44 | 1.60 | 1.14 | 1.53 | 2.77 | 46.83 | 4.88 | 6.44 | 8.08 |
| Interest Coverage | 213.71 | 213.71 | 4.71 | 13.78 | 19.84 | 10.12 | 1.32 | 3.45 | 3.73 | 1.36 | 0.39 |
PBR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.71x is below 1.0, meaning current liabilities exceed current assets — though the company's $6.5B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 0.96x to 0.71x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.71 | 0.71 | 0.69 | 0.96 | 1.00 | 1.25 | 1.04 | 0.97 | 1.48 | 1.89 | 1.80 |
| Quick Ratio | 0.48 | 0.48 | 0.48 | 0.73 | 0.72 | 0.95 | 0.83 | 0.68 | 1.12 | 1.55 | 1.46 |
| Cash Ratio | 0.26 | 0.26 | 0.24 | 0.46 | 0.34 | 0.46 | 0.47 | 0.29 | 0.60 | 0.98 | 0.88 |
| Asset Turnover | — | 0.41 | 0.50 | 0.49 | 0.66 | 0.48 | 0.28 | 0.33 | 0.38 | 0.31 | 0.33 |
| Inventory Turnover | 5.77 | 5.77 | 6.77 | 6.50 | 6.78 | 5.95 | 5.14 | 5.58 | 5.81 | 6.03 | 6.54 |
| Days Sales Outstanding | — | 26.86 | 22.09 | 25.29 | 18.52 | 33.53 | 49.81 | 34.82 | 33.56 | 34.72 | 32.60 |
PBR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Petróleo Brasileiro S.A. - Petrobras returns 7.6% to shareholders annually primarily through dividends. A payout ratio of 41.0% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 18.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 7.6% | 10.8% | 22.1% | 19.5% | 54.3% | 18.3% | 1.9% | 1.8% | 0.7% | — | — |
| Payout Ratio | 41.0% | 41.0% | 243.5% | 78.6% | 102.9% | 65.8% | 119.8% | 18.5% | 8.7% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 18.6% | 26.3% | 9.0% | 24.8% | 52.8% | 27.7% | 1.8% | 2.5% | 2.6% | — | — |
| FCF Yield | 15.5% | 21.9% | 28.2% | 30.1% | 57.8% | 43.9% | 31.4% | 1.6% | 17.0% | 20.1% | 18.2% |
| Buyback Yield | 0.0% | 0.0% | 0.5% | 0.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 7.6% | 10.8% | 22.6% | 20.2% | 54.3% | 18.3% | 1.9% | 1.8% | 0.7% | 0.0% | 0.0% |
| Shares Outstanding | — | $6.4B | $6.4B | $6.5B | $6.5B | $6.5B | $6.5B | $6.5B | $6.5B | $6.5B | $6.5B |
Peer Comparison
Compare PBR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PBRYou | $108B | 5.4 | 4.1 | 6.5 | 47.6% | 28.6% | 29.7% | 15.2% | 1.7 |
 XOM | $584B | 20.6 | 10.3 | 24.7 | 21.7% | 10.5% | 10.7% | 8.6% | 0.7 |
 CVX | $346B | 26.2 | 10.4 | 20.9 | 30.4% | 9.0% | 7.1% | 6.2% | 1.3 |
 SHEL | $222B | 13.1 | 6.0 | 10.2 | 15.9% | 10.3% | 10.0% | 8.8% | 2.1 |
 BP | $102B | 1916.7 | 4.5 | 9.0 | 17.7% | 8.2% | 0.1% | 9.8% | 2.5 |
 TTE | $179B | 13.9 | 6.3 | 16.6 | 28.4% | 10.9% | 11.0% | 9.9% | 1.8 |
 E | $72B | 28.4 | 7.3 | 14.1 | 5.5% | 7.3% | 4.6% | 5.2% | 3.0 |
 EC | $34B | 14.1 | 5.5 | 7.3 | 31.4% | 22.3% | 7.7% | 8.8% | 2.8 |
 COP | $131B | 17.0 | 6.4 | 7.8 | 24.6% | 19.6% | 12.4% | 10.4% | 1.0 |
 OXY | $52B | 32.2 | 6.5 | 12.6 | 33.8% | 17.2% | 6.7% | 4.7% | 2.1 |
 EOG | $69B | 14.3 | 5.9 | 17.6 | 68.1% | 35.1% | 16.8% | 19.1% | 0.7 |
| Energy Median | — | 15.5 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 27 years · Updated daily
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PBR — Frequently Asked Questions
Quick answers to the most common questions about buying PBR stock.
What is Petróleo Brasileiro S.A. - Petrobras's P/E ratio?
Petróleo Brasileiro S.A. - Petrobras's current P/E ratio is 5.4x. The historical average is 18.2x. This places it at the 23th percentile of its historical range.
What is Petróleo Brasileiro S.A. - Petrobras's EV/EBITDA?
Petróleo Brasileiro S.A. - Petrobras's current EV/EBITDA is 4.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.0x.
What is Petróleo Brasileiro S.A. - Petrobras's ROE?
Petróleo Brasileiro S.A. - Petrobras's return on equity (ROE) is 29.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 19.0%.
Is PBR stock overvalued?
Based on historical data, Petróleo Brasileiro S.A. - Petrobras is trading at a P/E of 5.4x. This is at the 23th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Petróleo Brasileiro S.A. - Petrobras's dividend yield?
Petróleo Brasileiro S.A. - Petrobras's current dividend yield is 7.64% with a payout ratio of 41.0%.
What are Petróleo Brasileiro S.A. - Petrobras's profit margins?
Petróleo Brasileiro S.A. - Petrobras has 47.6% gross margin and 28.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Petróleo Brasileiro S.A. - Petrobras have?
Petróleo Brasileiro S.A. - Petrobras's Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.