Valuation Petrobras

Stocks

PETR4

BRPETRACNPR6

Integrated Oil & Gas

Market Closed - Sao Paulo 01:35:44 21/08/2026 am IST			5-day change	1st Jan Change
44.32 ^BRL	+6.92%		+5.78%	+43.80%

11:25pm	Petrobras says Alexandre de Gusmao FPSO production hits 180,000 bpd	RE
18/08	Brazil prosecutors question Petrobras plan for additional Foz do Amazonas wells	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	5,93,068	-	-
Change	-	-10.81%	43.86%	-1.45%	-16.34%	44.56%	-	-
Enterprise Value (EV) ¹	6,53,631	5,70,438	7,25,444	7,95,207	7,30,186	8,77,945	8,61,399	8,39,211
Change	-	-12.73%	27.17%	9.62%	-8.18%	20.24%	-1.88%	-2.58%
P/E	3.48x	1.7x	3.89x	12.7x	3.84x	3.66x	4.7x	4.86x
PBR	0.96x	0.88x	1.27x	1.27x	1x	1.18x	0.99x	0.9x
PEG	-	0x	-0.1x	-0.2x	0x	0.1x	-0.2x	-1.52x
Capitalization / Revenue	0.86x	0.54x	0.98x	0.93x	0.87x	1.03x	1.1x	1.12x
EV / Revenue	1.44x	0.89x	1.42x	1.51x	1.55x	1.53x	1.59x	1.59x
EV / EBITDA	2.79x	1.68x	2.78x	3x	3.16x	2.88x	3.04x	3.02x
EV / EBIT	3.81x	2.1x	3.72x	4.12x	4.83x	4.01x	4.49x	4.54x
EV / FCF	3.87x	2.77x	4.54x	5.84x	8.37x	7.43x	8.17x	8.36x
FCF Yield	25.9%	36.1%	22%	17.1%	12%	13.5%	12.2%	12%
Dividend per Share ²	8.534	15.09	5.569	5.734	3.199	3.565	5.375	5.533
Rate of return	30%	61.6%	15%	15.8%	10.4%	8.27%	12.5%	12.8%
EPS ²	8.18	14.44	9.57	2.84	8.026	11.77	9.164	8.87
Distribution rate	104%	105%	58.2%	202%	39.9%	30.3%	58.6%	62.4%
Net sales ¹	4,52,668	6,41,256	5,09,987	5,27,918	4,70,950	5,73,858	5,41,555	5,27,506
EBITDA ¹	2,34,576	3,40,482	2,61,016	2,64,987	2,31,111	3,05,046	2,83,342	2,78,071
EBIT ¹	1,71,528	2,72,280	1,94,883	1,92,922	1,51,135	2,18,903	1,91,876	1,84,997
Net income ¹	1,06,668	1,88,328	1,23,920	43,473	1,03,668	1,42,973	1,14,335	1,10,005
Net Debt ¹	2,65,778	2,24,510	2,27,799	3,04,800	3,19,931	2,84,877	2,68,332	2,46,144
Reference price ²	28.45	24.50	37.24	36.19	30.82	43.11	43.11	43.11
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	3.66x	1.53x	2.88x	8.27%	11TCr
ARAMCO	14.02x	3.58x	6.74x	5.23%	1,71600Cr
CHEVRON CORPORATION	13.38x	1.88x	5.97x	3.47%	40TCr
PETROCHINA COMPANY LIMITED	8.38x	0.64x	3.94x	6.24%	30TCr
SHELL PLC	8.24x	0.9x	3.99x	3.35%	26TCr
TOTALENERGIES SE	8.42x	1.08x	4.48x	4.52%	20TCr
CNOOC LIMITED	6.06x	1.81x	2.9x	7.44%	15TCr
EQUINOR ASA	8x	0.86x	2.11x	3.71%	10TCr
ENI S.P.A.	8.85x	0.82x	4.08x	4.67%	8.13TCr
Average	8.78x	1.45x	4.12x	5.21%	36.96TCr
Weighted average by Cap.	11.62x	2.45x	5.53x	5.07%