Petróleo Brasileiro S.A. - Petrobras (PBR) Key Metrics
PBR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $167.55B
- Enterprise value
- $192.98B
- P/E (TTM)
- 6.6 10-yr median 7.1
- Forward P/E
- 5.4
- PEG ratio
- 6.05
- Price / sales
- 0.3 10-yr median 0.9
- Price / book
- 1.5 10-yr median 1.1
- EV / EBITDA
- 3.5 10-yr median 10.1
- Dividend yield
- 3.18% $1.43 a year
- Beta
- −0.23
PBR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPBR valuation Price multiples at each fiscal year-end price.
PBR returns How much profit the business earns on the capital it uses.
PBR per-share figures Results divided by the shares outstanding at year-end.
PBR financial health Debt, liquidity and how easily interest is covered.
PBR efficiency & capital use Working capital cycle and where the cash goes.
PBR valuation history
PBR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PBR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PBR cash returned to shareholders
PBR price vs earnings per share
PBR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $76.37B | $82.87B | $103.98B | $69.46B | $71.61B | $73.24B | $103.96B | $84.85B | $67.11B | $65.94B |
| Enterprise value | $137.22B | $135.65B | $151.04B | $300.88B | $346.76B | $411.94B | $415.93B | $386.14B | $387.97B | $407.65B |
| P/E ratio | 3.9 | 11.0 | 4.0 | 1.9 | 3.6 | 64.2 | 10.2 | 11.8 | — | — |
| Price / sales | 0.9 | 0.9 | 1.0 | 0.6 | 0.9 | 1.4 | 1.4 | 1.0 | 0.9 | 0.8 |
| Price / book | 1.0 | 1.4 | 1.3 | 1.0 | 1.0 | 1.2 | 1.4 | 1.2 | 0.8 | 0.9 |
| Price / free cash flow | 4.6 | 3.6 | 3.3 | 1.7 | 2.3 | 3.2 | 61.0 | 5.9 | 5.0 | 5.5 |
| Price / operating cash flow | 2.1 | 2.2 | 2.4 | 1.4 | 1.9 | 2.5 | 4.1 | 3.2 | 2.5 | 2.5 |
| EV / sales | 1.6 | 1.5 | 1.4 | 2.4 | 4.1 | 7.7 | 5.4 | 4.6 | 5.0 | 5.0 |
| EV / EBITDA | 3.0 | 4.9 | 2.7 | 4.3 | 7.7 | 24.2 | 12.4 | 13.7 | 18.9 | 25.0 |
| EV / free cash flow | 8.2 | 5.8 | 4.9 | 7.5 | 11.0 | 17.9 | 244.2 | 26.7 | 28.8 | 33.9 |
| Earnings yield | 25.8% | 9.1% | 24.7% | 52.7% | 27.8% | 1.6% | 9.8% | 8.5% | −0.1% | −7.3% |
| Free cash flow yield | 21.9% | 28.2% | 29.9% | 57.8% | 43.9% | 31.4% | 1.6% | 17.0% | 20.1% | 18.2% |
| Dividend yield | 10.8% | 22.1% | 18.9% | 54.3% | 18.3% | 1.9% | 1.8% | 0.7% | 0.7% | 0.7% |
| Shareholder yield (dividends + buybacks) | 10.8% | 22.6% | 19.6% | 54.3% | 18.3% | 1.9% | 1.8% | 0.7% | 0.7% | 0.7% |
| Share price at fiscal year-end | $11.85 | $12.86 | $15.97 | $10.65 | $10.98 | $11.23 | $15.94 | $13.01 | $10.29 | $10.11 |
| Per share | ||||||||||
| Revenue per share | $13.67 | $14.19 | $16.21 | $19.08 | $12.87 | $8.23 | $11.74 | $12.98 | $11.94 | $12.48 |
| Earnings per share | $3.06 | $1.17 | $3.94 | $5.62 | $3.05 | $0.17 | $1.56 | $1.10 | −$0.01 | −$0.74 |
| Operating cash flow per share | $5.67 | $5.89 | $6.64 | $7.62 | $5.79 | $4.43 | $3.93 | $4.04 | $4.16 | $4.00 |
| Free cash flow per share | $2.59 | $3.62 | $4.78 | $6.15 | $4.82 | $3.53 | $0.26 | $2.22 | $2.07 | $1.84 |
| Cash per share | $1.43 | $1.17 | $2.39 | $1.65 | $1.70 | $1.90 | $1.27 | $2.30 | $3.74 | $3.37 |
| Book value per share | $11.78 | $9.21 | $12.13 | $10.71 | $10.70 | $9.18 | $11.38 | $11.22 | $12.50 | $11.89 |
| Tangible book value per share | $11.38 | $8.86 | $11.66 | $10.25 | $10.24 | $6.89 | $8.39 | $10.79 | $12.14 | $11.39 |
| Dividends per share | $1.28 | $2.84 | $3.02 | $5.78 | $2.01 | $0.21 | $0.29 | $0.10 | $0.07 | $0.07 |
| Capex per share | $3.08 | $2.27 | $1.86 | $1.47 | $0.97 | $0.90 | $3.66 | $1.83 | $2.09 | $2.16 |
| Debt per share | $10.88 | $9.36 | $9.61 | $37.13 | $43.89 | $53.83 | $49.10 | $48.49 | $52.94 | $55.76 |
| Shares outstanding | 6.44B | 6.44B | 6.51B | 6.52B | 6.52B | 6.52B | 6.52B | 6.52B | 6.52B | 6.52B |
| Change in shares outstanding | 0.0% | −1.0% | −0.2% | 0.0% | 0.0% | 0.0% | −0.0% | 0.0% | 0.0% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 29.2% | 10.9% | 34.5% | 52.5% | 30.7% | 1.7% | 13.8% | 9.3% | −0.1% | −6.7% |
| Return on invested capital (ROIC) | 15.2% | 14.7% | 15.7% | 11.3% | 5.9% | 4.0% | 3.6% | 3.6% | 1.2% | 2.7% |
| Return on assets (ROA) | 9.7% | 3.8% | 12.7% | 20.3% | 10.9% | 0.5% | 4.5% | 3.0% | −0.0% | −2.0% |
| Return on tangible assets | 8.9% | 4.2% | 12.0% | 19.9% | 11.6% | 0.7% | 4.8% | 3.3% | −0.0% | −2.0% |
| Free cash flow margin | 19.0% | 25.5% | 29.5% | 32.2% | 37.5% | 42.9% | 2.2% | 17.1% | 17.3% | 14.8% |
| Income quality (OCF / net income) | 1.85 | 5.05 | 1.68 | 1.36 | 1.90 | 25.32 | 2.52 | 3.67 | — | — |
| Financial health | ||||||||||
| Total debt | $70.09B | $60.31B | $62.60B | $242.19B | $286.26B | $351.07B | $320.23B | $316.27B | $345.26B | $363.70B |
| Cash & short-term investments | $9.24B | $7.53B | $15.55B | $10.77B | $11.12B | $12.37B | $8.26B | $14.98B | $24.40B | $21.99B |
| Net debt | $60.85B | $52.78B | $47.05B | $231.42B | $275.14B | $338.70B | $311.97B | $301.29B | $320.86B | $341.71B |
| Debt / equity | 0.92 | 1.02 | 0.79 | 3.47 | 4.10 | 5.86 | 4.31 | 4.32 | 4.24 | 4.69 |
| Debt / assets | 0.31 | 0.33 | 0.29 | 1.29 | 1.64 | 1.85 | 1.39 | 1.42 | 1.37 | 1.47 |
| Net debt / EBITDA | 1.32 | 1.92 | 0.85 | 3.31 | 6.13 | 19.94 | 9.31 | 10.70 | 15.65 | 20.98 |
| Current ratio | 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 | 0.73 | 0.72 | 0.95 | 0.83 | 0.68 | 1.12 | 1.55 | 1.46 |
| Interest coverage | 9.2 | 8.1 | 15.6 | 18.6 | 9.4 | 4.8 | 3.9 | 5.2 | 1.8 | 2.6 |
| Working capital | −$10.65B | −$9.62B | −$1.42B | −$130.0M | $5.97B | $1.16B | −$1.00B | $12.01B | $22.18B | $19.87B |
| Invested capital | $136.74B | $112.13B | $126.03B | $301.25B | $344.95B | $398.57B | $386.18B | $374.46B | $402.36B | $419.26B |
| Tangible asset value | $73.68B | $57.09B | $75.93B | $66.85B | $66.79B | $44.93B | $54.74B | $70.37B | $79.16B | $74.28B |
| Net current asset value | −$121.51B | −$100.46B | −$105.65B | −$86.11B | −$74.39B | −$102.75B | −$127.71B | −$111.83B | −$122.73B | −$124.66B |
| Graham number | $28.47 | $15.56 | $32.81 | $36.78 | $27.09 | $6.01 | $19.96 | $16.66 | — | — |
| Graham net-net per share | −$19.97 | −$16.64 | −$17.39 | −$14.94 | −$12.88 | −$16.78 | −$21.11 | −$18.95 | −$20.80 | −$21.12 |
| Capital allocation | ||||||||||
| Dividends paid | $8.25B | $18.33B | $19.67B | $37.70B | $13.08B | $1.37B | $1.88B | $625.0M | $452.0M | $473.0M |
| Share buybacks (net) | $0 | $380.0M | $735.0M | $0 | $0 | — | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 41.9% | 243.5% | 76.6% | 102.9% | 65.8% | 119.8% | 18.5% | 8.7% | — | — |
| Dividends + buybacks / free cash flow | 49.3% | 80.1% | 65.6% | 93.9% | 41.6% | 5.9% | 110.2% | 4.3% | 3.4% | 3.9% |
| Capex / revenue | 22.5% | 16.0% | 11.5% | 7.7% | 7.5% | 10.9% | 31.2% | 14.1% | 17.5% | 17.3% |
| Capex / operating cash flow | 54.3% | 38.6% | 28.0% | 19.3% | 16.7% | 20.3% | 93.3% | 45.2% | 50.3% | 53.9% |
| Capex / depreciation | 1.29 | 1.17 | 0.91 | 0.72 | 0.54 | 0.51 | 1.61 | 1.00 | 1.04 | 1.01 |
| Stock-based compensation / revenue | — | — | −22.7% | — | −13.9% | −21.3% | −17.6% | — | — | — |
| R&D / revenue | 1.0% | 0.9% | 0.7% | 0.6% | 0.7% | 0.7% | 0.8% | 0.8% | 0.7% | 0.6% |
| SG&A / revenue | 10.0% | 13.0% | 6.5% | 5.6% | 8.1% | 8.4% | 9.5% | 6.7% | 11.5% | 10.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 25.3 | 25.6 | 23.6 | 20.6 | 32.7 | 49.7 | 36.0 | 32.8 | 34.4 | 35.5 |
| Days of inventory on hand | 54.5 | 57.8 | 60.2 | 49.2 | 54.7 | 86.7 | 68.5 | 61.1 | 60.5 | 52.4 |
| Days payables outstanding | 49.4 | 43.8 | 37.6 | 33.6 | 52.2 | 77.9 | 47.6 | 42.3 | 41.1 | 40.0 |
| Cash conversion cycle (days) | 30.4 | 39.7 | 46.2 | 36.2 | 35.2 | 58.5 | 56.9 | 51.6 | 53.8 | 47.9 |
| Receivables turnover | 14.43 | 14.23 | 15.49 | 17.74 | 11.17 | 7.34 | 10.15 | 11.14 | 10.61 | 10.29 |
| Payables turnover | 7.39 | 8.34 | 9.71 | 10.87 | 6.99 | 4.69 | 7.67 | 8.63 | 8.88 | 9.13 |
| Inventory turnover | 6.70 | 6.32 | 6.06 | 7.42 | 6.68 | 4.21 | 5.33 | 5.97 | 6.04 | 6.96 |
| Asset turnover | 0.44 | 0.46 | 0.52 | 0.69 | 0.46 | 0.26 | 0.34 | 0.36 | 0.31 | 0.34 |
| Average receivables | $6.11B | $6.42B | $6.82B | $7.02B | $7.52B | $7.32B | $7.54B | $7.59B | $7.34B | $7.91B |
| Average payables | $6.78B | $5.45B | $5.14B | $5.47B | $6.17B | $6.23B | $5.96B | $6.05B | $5.76B | $6.07B |
| Average inventory | $7.48B | $7.20B | $8.23B | $8.02B | $6.47B | $6.93B | $8.59B | $8.74B | $8.48B | $7.96B |
| Intangibles / total assets | 1.1% | 1.2% | 1.4% | 1.6% | 1.7% | 7.9% | 8.5% | 1.3% | 0.9% | 1.3% |
Computed from PBR's annual financial statements (latest annual report filed April 9, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PBR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Petróleo Brasileiro S.A. - Petrobras traded at 3.9 times earnings, against a 10-year median of 7.1. Based on the latest twelve months, the trailing P/E is 6.6 and the forward P/E is 5.4. Petróleo Brasileiro S.A. - Petrobras earned a return on equity of 29.2% and a return on invested capital of 15.2% in fiscal 2025. It ended the year with $70.1 billion of debt and $9.2 billion in cash and short-term investments, net debt of $60.9 billion. It returned $8.3 billion to shareholders: $8.3 billion in dividends and $0 in share buybacks, 49% of free cash flow.
See the PBR income statement, the PBR chart for price history, or the PBR stock overview for the latest quote and news.
PBR key metrics FAQ
What is Petróleo Brasileiro S.A. - Petrobras's P/E ratio?
Petróleo Brasileiro S.A. - Petrobras's trailing P/E ratio is 6.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 5.4. At the end of fiscal 2025 it was 3.9, compared with a 10-year median of 7.1.
What is Petróleo Brasileiro S.A. - Petrobras's EV/EBITDA?
Petróleo Brasileiro S.A. - Petrobras's enterprise value was 3.0 times EBITDA at the end of fiscal 2025 (enterprise value $137.2 billion, EBITDA $46.2 billion); the current EV/EBITDA is 3.5.
What is Petróleo Brasileiro S.A. - Petrobras's return on equity?
Petróleo Brasileiro S.A. - Petrobras's return on equity (ROE) was 29.2% in fiscal 2025: net income of $19.7 billion on average shareholders' equity of $67.6 billion.
What is Petróleo Brasileiro S.A. - Petrobras's ROIC?
Petróleo Brasileiro S.A. - Petrobras's return on invested capital was 15.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Petróleo Brasileiro S.A. - Petrobras have?
Petróleo Brasileiro S.A. - Petrobras had total debt of $70.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.92 and $60.9 billion of net debt (1.32 times EBITDA).
What is Petróleo Brasileiro S.A. - Petrobras's dividend yield?
Petróleo Brasileiro S.A. - Petrobras's forward dividend yield is 3.18%. Petróleo Brasileiro S.A. - Petrobras paid $8.3 billion in dividends in fiscal 2025 ($1.28 per share), a payout ratio of 41.9%.
What is Petróleo Brasileiro S.A. - Petrobras's free cash flow yield?
Petróleo Brasileiro S.A. - Petrobras generated $16.7 billion of free cash flow in fiscal 2025, a free cash flow yield of 21.9% on its market value at year-end ($76.4 billion).
What is Petróleo Brasileiro S.A. - Petrobras's current ratio?
Petróleo Brasileiro S.A. - Petrobras's current ratio was 0.71 at the end of fiscal 2025: current assets were 0.71 times current liabilities.