Valuation Petrobras

Stocks

PETR4

BRPETRACNPR6

Integrated Oil & Gas

Market Closed - Sao Paulo Other stock markets 01:35:48 27/06/2026 am IST			5-day change	1st Jan Change
38.06 ^BRL	-7.55%		-1.91%	+23.49%

25/06	Brazilian antitrust clears Saipem-Subsea7 merger	AN
25/06	Latam FX hits two-week low as dollar strengthens, commodities pressure stocks	RE

Company Valuation: Petrobras

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	3,87,853	3,45,928	4,97,645	4,90,407	4,10,255	5,21,728	-	-
Change	-	-10.81%	43.86%	-1.45%	-16.34%	27.17%	-	-
Enterprise Value (EV) ¹	6,53,631	5,70,438	7,25,444	7,95,207	7,30,186	8,08,862	7,91,808	7,82,718
Change	-	-12.73%	27.17%	9.62%	-8.18%	10.77%	-2.11%	-1.15%
P/E	3.48x	1.7x	3.89x	12.7x	3.84x	2.98x	4.09x	4.43x
PBR	0.96x	0.88x	1.27x	1.27x	1x	0.97x	0.88x	0.81x
PEG	-	0x	-0.1x	-0.2x	0x	0.1x	-0.1x	-0.58x
Capitalization / Revenue	0.86x	0.54x	0.98x	0.93x	0.87x	0.93x	0.96x	1x
EV / Revenue	1.44x	0.89x	1.42x	1.51x	1.55x	1.44x	1.45x	1.5x
EV / EBITDA	2.79x	1.68x	2.78x	3x	3.16x	2.76x	2.79x	2.87x
EV / EBIT	3.81x	2.1x	3.72x	4.12x	4.83x	3.81x	4.1x	4.4x
EV / FCF	3.87x	2.77x	4.54x	5.84x	8.37x	6.54x	7.74x	8.19x
FCF Yield	25.9%	36.1%	22%	17.1%	12%	15.3%	12.9%	12.2%
Dividend per Share ²	8.534	15.09	5.569	5.734	3.199	5.127	5.692	5.706
Rate of return	30%	61.6%	15%	15.8%	10.4%	13.5%	15%	15%
EPS ²	8.18	14.44	9.57	2.84	8.026	12.79	9.296	8.582
Distribution rate	104%	105%	58.2%	202%	39.9%	40.1%	61.2%	66.5%
Net sales ¹	4,52,668	6,41,256	5,09,987	5,27,918	4,70,950	5,62,505	5,45,090	5,22,651
EBITDA ¹	2,34,576	3,40,482	2,61,016	2,64,987	2,31,111	2,93,371	2,84,240	2,72,852
EBIT ¹	1,71,528	2,72,280	1,94,883	1,92,922	1,51,135	2,12,341	1,93,288	1,77,846
Net income ¹	1,06,668	1,88,328	1,23,920	43,473	1,03,668	1,29,549	1,16,897	1,07,619
Net Debt ¹	2,65,778	2,24,510	2,27,799	3,04,800	3,19,931	2,87,134	2,70,080	2,60,990
Reference price ²	28.45	24.50	37.24	36.19	30.82	38.06	38.06	38.06
Nbr of stocks (in thousands)	1,30,44,201	1,30,44,201	1,30,15,466	1,28,88,733	1,28,88,733	1,28,88,733	-	-
Announcement Date	24/02/22	02/03/23	08/03/24	26/02/25	06/03/26	-	-	-

¹BRL in Million²BRL

Estimates

P/E, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
PETROBRAS	2.98x	1.44x	2.76x	13.47%	10TCr
ARAMCO	13.13x	3.25x	6.27x	5.32%	1,68400Cr
CHEVRON CORPORATION	11.23x	1.56x	5.31x	4.17%	34TCr
PETROCHINA COMPANY LIMITED	7.17x	0.51x	3.24x	7.32%	24TCr
SHELL PLC	7.32x	0.78x	3.55x	4.06%	21TCr
TOTALENERGIES SE	6.72x	0.94x	3.72x	5.3%	17TCr
CNOOC LIMITED	5.06x	1.38x	2.22x	8.97%	13TCr
EQUINOR ASA	6.34x	0.69x	1.62x	5.06%	7.76TCr
ENI S.P.A.	7.96x	0.7x	3.47x	5.42%	6.78TCr
Average	7.54x	1.25x	3.57x	6.57%	33.58TCr
Weighted average by Cap.	10.69x	2.28x	5.11x	5.69%