Petróleo Brasileiro S.A. - Petrobras (PBR)
PBR price $22.50 -3.66 -13.99%
- Ticker
- PBR
- Price
- $22.50
- Change
- -3.66 -13.99%
- Market cap ?
- $145.00B
- P/E ?
- 5.82
- Forward P/E ?
- 4.70
- Dividend yield ?
- 6.01%
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- Stocklytics score
- 67
- Value
- 68
- Quality
- 64
- Growth
- 68
Stocklytics score rationale: value 68, quality 64, growth 68.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 81405000000 | 77884000000 | 84638000000 | 76589000000 | 53683000000 | 83966000000 | 124474000000 | 105541835883 | 91416000000 | 88104423000 |
Brazilian energy giant Petróleo Brasileiro S.A. (Petrobras) is deeply involved in the global oil and gas industry, conducting exploration, production, and sales activities both within Brazil and internationally. The company's diverse operations are organized into four primary business segments: Exploration and Production; Refining, Transportation, and Marketing; Gas and Power; and Corporate and Other Businesses…
Fair value
PBR fair value $87.50. Price $22.50. Price is 74% below fair value.
Below fair value, and cheaper than usual. A larger discount than on 66% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Average free cash flow, last three years 23.72B. Growth 20.00% in year 1, held for five years, then fading in a straight line to terminal growth by year 10. Year-1 growth is analyst revenue growth, or 5-year historical revenue growth when that forecast is missing, kept between 0% and 20%. Terminal growth 3.00%. Discount rate 10.00%. Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. Years 1 to 5 grow at the year-1 rate, and years 6 to 10 fade in a straight line to terminal growth of 3%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 6.44B. Net debt 63.59B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Model uncertainty high for this stock
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-10 | — | 1.21 | — | 31.59B |
| 2026-08-06 | 1.61 | 1.40 | 33.61B | 31.46B |
| 2026-05-11 | 0.96 | 1.02 | 23.54B | 26.53B |
| 2026-03-05 | 0.72 | 0.57 | 23.61B | 23.09B |
| 2025-11-06 | 0.82 | 0.79 | 23.48B | 23.58B |
| 2025-08-08 | 0.64 | 0.70 | 21.04B | 21.29B |
| 2025-05-12 | 0.62 | 0.92 | 21.07B | 22.30B |
| 2025-02-26 | 0.49 | 0.37 | 20.82B | 21.45B |
| 2024-11-07 | 0.93 | 0.82 | 23.37B | 22.46B |
| 2024-08-08 | 0.47 | 0.47 | 23.47B | 23.18B |
| 2024-05-13 | 0.75 | 0.84 | 23.77B | 26.30B |
| 2024-03-08 | 1.27 | 1.12 | 27.11B | 26.77B |
| 2023-11-10 | 0.86 | 0.90 | 25.55B | 26.03B |
| 2023-08-03 | 0.90 | 0.97 | 22.98B | 24.07B |
| 2023-05-11 | 1.11 | 0.98 | 26.77B | 27.69B |
| 2023-03-02 | 1.25 | 1.10 | 30.17B | 30.26B |
| 2022-11-03 | 1.35 | 1.32 | 32.41B | 30.53B |
| 2022-07-28 | 1.39 | 1.14 | 34.70B | 30.49B |
| 2022-05-05 | 1.29 | 1.08 | 27.19B | 28.54B |
| 2022-02-23 | 0.65 | 0.84 | 27.10B | 24.02B |
| 2021-10-28 | 0.51 | 0.49 | 23.25B | 22.59B |
| 2021-08-04 | 1.18 | 0.92 | 20.98B | 20.19B |
| 2021-05-14 | 0.03 | 0.26 | 15.70B | — |
| 2021-02-24 | 0.82 | 0.06 | 13.91B | 14.22B |
| 2020-10-29 | 0.09 | 0.05 | 13.15B | 11.71B |
| 2020-07-31 | -0.38 | -0.31 | 9.48B | 6.88B |
| 2020-05-14 | -0.10 | 0.07 | 17.14B | 19.52B |
| 2020-02-24 | 0.30 | 0.38 | 19.87B | 24.05B |
| 2019-10-28 | 0.38 | 0.41 | 19.42B | 20.84B |
| 2019-08-05 | 0.72 | 0.34 | 18.50B | 15.66B |
| 2019-05-02 | 0.16 | 0.22 | 18.80B | 20.17B |
| 2019-02-27 | 0.32 | 0.30 | 24.35B | 18.73B |
| 2018-11-06 | 0.26 | 0.35 | 22.55B | 33.58B |
| 2018-08-03 | 0.44 | 0.31 | 20.75B | 23.04B |
| 2018-05-08 | 0.32 | 0.19 | 22.96B | 20.96B |
| 2018-03-15 | 0.20 | 0.18 | 23.57B | — |
| 2017-11-14 | 0.03 | 0.15 | 22.70B | 37.72B |
| 2017-08-10 | 0.08 | 0.15 | 20.82B | 33.73B |
| 2017-05-11 | 0.22 | 0.07 | 21.74B | 16.55B |
| 2017-03-21 | 0.21 | 0.20 | 21.40B | — |
Dividends
Yield 6.38%. Payout ratio 28.31%. Frequency Quarterly.
Safety score 91/100 · Safe. Payout ratio is 28% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 23 separate years. Yield is 6.4%, which is on the high side.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-08-25 | $0.53 | 2026-08-25 | 2026-12-29 | Quarterly |
| 2026-06-03 | $0.28 | 2026-06-03 | 2026-09-28 | Annual |
| 2026-04-24 | $0.26 | 2026-04-24 | 2026-05-28 | Special |
| 2025-12-26 | $0.37 | 2025-12-26 | 2026-03-27 | Special |
| 2025-08-25 | $0.25 | 2025-08-25 | 2025-12-30 | Special |
| 2025-06-04 | $0.33 | 2025-06-04 | 2025-09-29 | Special |
| 2025-04-22 | $0.27 | 2025-04-22 | 2025-06-27 | Semi-Annual |
| 2024-12-27 | $0.43 | 2024-12-27 | 2025-02-27 | Special |
| 2024-12-13 | $0.50 | 2024-12-13 | 2025-01-03 | Semi-Annual |
| 2024-08-23 | $0.35 | 2024-08-23 | 2024-11-29 | Special |
| 2024-06-13 | $0.38 | 2024-06-13 | 2024-09-27 | Special |
| 2024-05-03 | $0.67 | 2024-05-06 | 2024-06-27 | Irregular |
| 2024-04-26 | $0.44 | 2024-04-29 | 2024-06-27 | Annual |
| 2023-11-22 | $0.51 | 2023-11-24 | 2024-02-27 | Special |
| 2023-08-22 | $0.47 | 2023-08-23 | 2023-11-30 | Special |
| 2023-06-13 | $0.77 | 2023-06-14 | 2023-08-25 | Special |
| 2023-04-28 | $1.19 | 2023-05-01 | 2023-05-26 | Quarterly |
| 2022-11-22 | $1.24 | 2022-11-23 | 2022-12-28 | Special |
| 2022-08-12 | $2.60 | 2022-08-15 | 2022-09-08 | Quarterly |
| 2022-05-24 | $1.40 | 2022-05-25 | 2022-06-27 | Monthly |
| 2022-04-14 | $1.17 | 2022-04-18 | 2022-05-23 | Irregular |
| 2021-12-02 | $1.08 | 2021-12-03 | 2021-12-22 | Special |
| 2021-08-17 | $0.61 | 2021-08-18 | 2021-09-01 | Irregular |
| 2021-04-15 | $0.29 | 2021-04-16 | 2021-05-06 | Special |
| 2020-07-23 | $0.09 | 2020-07-24 | 2020-12-22 | Special |
| 2019-11-12 | $0.08 | 2019-11-13 | 2020-02-18 | Special |
| 2019-08-13 | $0.10 | 2019-08-14 | 2019-10-15 | Special |
| 2019-05-22 | $0.05 | 2019-05-23 | 2019-07-15 | Special |
| 2018-12-28 | $0.02 | 2018-12-31 | 2019-05-28 | Special |
| 2018-11-23 | $0.04 | 2018-11-26 | 2018-12-10 | Special |
| 2018-08-14 | $0.02 | 2018-08-15 | 2018-09-04 | Special |
| 2018-05-22 | $0.03 | 2018-05-23 | 2018-06-08 | Special |
| 2014-04-03 | $0.48 | 2014-04-07 | 2014-05-02 | Special |
| 2013-04-30 | $0.24 | 2013-05-02 | 2013-09-06 | Special |
| 2012-05-14 | $0.20 | 2012-05-16 | 2012-06-07 | Irregular |
| 2012-03-20 | $0.12 | 2012-03-22 | 2012-05-25 | Quarterly |
| 2012-01-03 | $0.21 | 2012-01-05 | 2012-03-07 | Irregular |
| 2011-11-14 | $0.22 | 2011-11-16 | 2011-12-07 | Quarterly |
| 2011-08-04 | $0.25 | 2011-08-08 | 2011-09-08 | Quarterly |
| 2011-05-12 | $0.25 | 2011-05-16 | 2011-06-07 | Irregular |
| 2011-05-04 | $0.16 | 2011-05-06 | 2011-07-05 | Monthly |
| 2011-03-22 | $0.19 | 2011-03-24 | 2011-04-07 | Quarterly |
| 2010-12-22 | $0.24 | 2010-12-27 | 2011-01-06 | Irregular |
| 2010-11-03 | $0.16 | 2010-11-05 | 2010-12-07 | Quarterly |
| 2010-08-02 | $0.23 | 2010-08-04 | 2010-09-08 | Quarterly |
| 2010-05-24 | $0.22 | 2010-05-26 | 2010-06-08 | Monthly |
| 2010-04-23 | $0.29 | 2010-04-27 | 2010-05-07 | Quarterly |
| 2009-12-23 | $0.23 | 2009-12-28 | 2010-01-07 | Irregular |
| 2009-10-01 | $0.22 | 2009-10-05 | 2009-12-29 | Quarterly |
| 2009-07-06 | $0.34 | 2009-07-08 | 2009-12-07 | Quarterly |
| 2009-04-09 | $0.38 | 2009-04-14 | 2009-08-24 | Quarterly |
| 2008-12-29 | $0.83 | 2008-12-31 | 2009-08-21 | Semi-Annual |
| 2008-04-08 | $0.01 | 2008-04-09 | 2008-06-10 | Irregular |
| 2008-04-07 | $0.12 | 2008-04-09 | 2008-06-10 | Quarterly |
| 2008-01-14 | $0.18 | 2008-01-16 | 2008-05-07 | Quarterly |
| 2007-10-05 | $0.29 | 2007-10-10 | 2008-04-07 | Quarterly |
| 2007-08-20 | $0.28 | 2007-08-22 | 2008-01-30 | Quarterly |
| 2007-04-03 | $0.19 | 2007-04-05 | 2007-05-24 | Quarterly |
| 2007-01-03 | $0.23 | 2007-01-04 | 2007-04-09 | Quarterly |
| 2006-11-01 | $0.47 | 2006-11-03 | 2007-01-11 | Semi-Annual |
| 2006-04-04 | $0.26 | 2006-04-06 | 2006-05-31 | Semi-Annual |
| 2006-01-03 | $0.24 | 2006-01-05 | 2006-03-29 | Semi-Annual |
| 2005-07-01 | $0.22 | 2005-07-06 | 2006-01-12 | Quarterly |
| 2005-04-01 | $0.17 | 2005-04-05 | 2005-05-26 | Semi-Annual |
| 2004-09-28 | $0.29 | 2004-09-30 | 2005-02-23 | Semi-Annual |
| 2004-03-25 | $0.18 | 2004-03-29 | 2004-06-01 | Semi-Annual |
| 2003-11-21 | $0.26 | 2003-11-25 | 2004-02-25 | Semi-Annual |
| 2003-03-25 | $0.14 | 2003-03-27 | 2003-05-14 | Semi-Annual |
| 2002-11-07 | $0.08 | 2002-11-12 | 2003-01-23 | Semi-Annual |
| 2002-03-20 | $0.22 | 2002-03-22 | 2002-05-14 | Semi-Annual |
| 2001-08-10 | $0.02 | 2001-08-14 | 2001-08-31 | Monthly |
| 2001-07-06 | $0.10 | 2001-07-10 | 2001-08-29 | Quarterly |
| 2001-03-21 | $0.29 | 2001-03-23 | 2001-05-11 | Irregular |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2029-05-01 | Schlosser Claudio Romeo | Other | 3.37K | — | — |
| 2029-05-01 | Chambriard Magda Maria de Regina | Other | 2.29K | — | — |
| 2029-05-01 | Melgarejo Fernando Sabbi | Other | 1.71K | — | — |
| 2029-05-01 | Dos Anjos Sylvia Maria Couto | Other | 1.69K | — | — |
| 2029-05-01 | Coppetti Clarice | Other | 3.37K | — | — |
| 2029-05-01 | Lopes Renata Faria Rodrigues Baruzzi | Other | 1.69K | — | — |
| 2026-09-14 | Pogliese Marcelo Weick | Sell | 46 | $10.44 | 480 |
| 2026-09-14 | Pogliese Marcelo Weick | Sell | 225 | $9.46 | 2.13K |
| 2026-08-21 | Chambriard Magda Maria de Regina | Other | 0 | — | — |
| 2026-08-21 | Da Silva William Franca | Other | 0 | — | — |
| 2026-08-21 | Melgarejo Fernando Sabbi | Other | 0 | — | — |
| 2026-08-21 | Lopes Renata Faria Rodrigues Baruzzi | Other | 0 | — | — |
| 2026-08-21 | Dos Anjos Sylvia Maria Couto | Other | 0 | — | — |
| 2026-08-21 | Coppetti Clarice | Other | 0 | — | — |
| 2026-08-01 | Nozaki William Vella | Other | 0 | — | — |
| 2026-06-12 | Melgarejo Fernando Sabbi | Sell | 1.76K | $9.52 | 16.73K |
| 2026-06-03 | Lopes Renata Faria Rodrigues Baruzzi | Sell | 1.73K | $9.83 | 17.04K |
| 2026-05-15 | Da Silva William Franca | Sell | 6.84K | $10.28 | 70.32K |
| 2026-05-14 | Coppetti Clarice | Sell | 9.91K | $10.48 | 103.86K |
| 2026-05-01 | Da Silva William Franca | Other | 3.46K | — | — |
| 2026-04-30 | Chambriard Magda Maria de Regina | Other | 0 | — | — |
| 2026-04-30 | Da Silva William Franca | Other | 0 | — | — |
| 2026-04-30 | Laureano Angelica Garcia Cobas | Other | 0 | — | — |
| 2026-04-30 | Araujo Ricardo Wagner de | Other | 0 | — | — |
| 2026-04-30 | Lopes Renata Faria Rodrigues Baruzzi | Other | 0 | — | — |
| 2026-04-30 | Dos Anjos Sylvia Maria Couto | Other | 0 | — | — |
| 2026-04-30 | Coppetti Clarice | Other | 0 | — | — |
| 2026-04-30 | Melgarejo Fernando Sabbi | Other | 0 | — | — |
| 2026-04-27 | Terra Fabio Henrique Bittes | Other | 0 | — | — |
| 2026-04-24 | de Oliveira Maia Rachel | Other | 0 | — | — |
| 2026-04-24 | Chambriard Magda Maria de Regina | Other | 0 | — | — |
| 2026-04-24 | Da Silva William Franca | Other | 0 | — | — |
| 2026-04-24 | Melgarejo Fernando Sabbi | Other | 0 | — | — |
| 2026-04-24 | Lopes Renata Faria Rodrigues Baruzzi | Other | 0 | — | — |
| 2026-04-24 | Dos Anjos Sylvia Maria Couto | Other | 0 | — | — |
| 2026-04-24 | Coppetti Clarice | Other | 0 | — | — |
| 2026-04-17 | Mello Guilherme Santos | Other | 0 | — | — |
| 2026-04-16 | Gasparino da Silva Marcelo | Other | 0 | — | — |
| 2026-04-02 | Laureano Angelica Garcia Cobas | Buy | 1.00K | $9.49 | 9.49K |
| 2026-04-02 | Schlosser Claudio Romeo | Sell | 3.21K | $50.44 | 161.97K |
| 2026-04-01 | Laureano Angelica Garcia Cobas | Sell | 19 | $9.09 | 173 |
| 2026-03-20 | Souza Aloisio Macario Ferreira de | Other | 0 | — | — |
| 2026-03-18 | Coura Jose Fernando | Other | 0 | — | — |
| 2026-03-18 | Moretti Bruno | Other | 0 | — | — |
| 2026-03-17 | Schlosser Claudio Romeo | Other | 0 | — | — |
| 2026-03-17 | Pogliese Marcelo Weick | Other | 0 | — | — |
| 2026-03-17 | Pogliese Marcelo Weick | Other | 0 | — | — |
| 2026-03-17 | Papathanasiadis Francisco Petros Oliveira Lima | Other | 0 | — | — |
| 2026-03-17 | Araujo Ricardo Wagner de | Other | 0 | — | — |
| 2026-03-13 | Torres Rosangela Buzanelli | Other | 0 | — | — |
| 2026-03-13 | Filho Jose Joao Abdalla | Other | 0 | — | — |
| 2026-03-13 | Filho Jose Joao Abdalla | Other | 0 | — | — |
| 2026-03-13 | Filho Jose Joao Abdalla | Other | 0 | — | — |
| 2026-03-13 | Antunes Jeronimo | Other | 0 | — | — |
| 2026-03-12 | Laureano Angelica Garcia Cobas | Other | 0 | — | — |
| 2026-03-12 | Laureano Angelica Garcia Cobas | Other | 0 | — | — |
| 2026-03-11 | Dos Anjos Sylvia Maria Couto | Other | 0 | — | — |
| 2026-03-10 | Galuppo Renato Campos | Other | 0 | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 617, holders +14 vs prior quarter. Ownership 12.11%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| GQG PARTNERS LLC | 193.20M | 19.76M | +11.39% | 3.12B |
| BAILLIE GIFFORD & CO | 48.62M | 4.18M | +9.41% | 785.67M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 40.19M | 11.64M | +40.76% | 649.48M |
| CAPITAL INTERNATIONAL INVESTORS | 38.07M | -6.17M | -13.96% | 615.18M |
| CAPITAL WORLD INVESTORS | 29.42M | 15.32M | +108.62% | 475.42M |
| INVESCO LTD. | 27.48M | -1.56M | -5.38% | 444.11M |
| LAZARD ASSET MANAGEMENT LLC | 25.61M | 363.26K | +1.44% | 413.93M |
| ARGA INVESTMENT MANAGEMENT, LP | 17.31M | -368.82K | -2.09% | 279.75M |
| PRICE T ROWE ASSOCIATES INC /MD/ | 16.37M | 699.20K | +4.46% | 264.54M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 15.39M | 14.17M | +1156.49% | 248.73M |
| BLACKROCK, INC. | 14.70M | -1.26M | -7.91% | 237.54M |
| ACADIAN ASSET MANAGEMENT LLC | 13.78M | 6.31M | +84.49% | 222.68M |
| ITAU UNIBANCO HOLDING S.A. | 13.31M | -7.47M | -35.95% | 215.01M |
| MORGAN STANLEY | 12.66M | -7.86M | -38.30% | 204.60M |
| SCHRODER INVESTMENT MANAGEMENT GROUP | 10.80M | -7.52M | -41.04% | 174.50M |
| JPMORGAN CHASE & CO | 9.77M | -903.81K | -8.47% | 159.03M |
| MONDRIAN INVESTMENT PARTNERS LTD | 8.98M | -2.13M | -19.16% | 145.07M |
| JANE STREET GROUP, LLC | 8.84M | 7.31M | +479.15% | 142.84M |
| RENAISSANCE TECHNOLOGIES LLC | 8.78M | 1.12M | +14.58% | 141.90M |
| BANK OF AMERICA CORP /DE/ | 8.60M | -372.16K | -4.15% | 138.98M |
| FISHER ASSET MANAGEMENT, LLC | 8.39M | -3.44M | -29.05% | 135.65M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 8.08M | 6.85M | +559.58% | 130.57M |
| ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. | 7.78M | -51.96K | -0.66% | 125.72M |
| UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC | 7.74M | 7.74M | New | 125.13M |
| UBS GROUP AG | 7.73M | 4.91M | +173.72% | 124.97M |
Forecast
Consensus Buy from 14 analysts. Average price target $22.33, -0.8% versus the current price. Low $20.00. High $24.00.