Petróleo Brasileiro S.A. - Petrobras (PBR-A)

Energy · Oil & Gas Integrated
$21.62 -2.26% on the day Market cap $152.4B 52-week range $10.76 to $22.72 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Free cash flow growth the price needs
-10% a year for 10 years

At a market value of $152.4B, Petróleo Brasileiro S.A. - Petrobras's free cash flow of $23.3B (fiscal 2024) would need to grow about -10% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.

Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Petróleo Brasileiro S.A. - Petrobras's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.

Implied by the price-10.1% a year
Free cash flow, last 9 years20.6% a year
Revenue, same period-0.7% a year
Price to free cash flow6.5x

Fundamental grade

C

Five factors scored 1 to 9 from PBR-A's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation7
Profitability6
Growth0
Financial health2
Cash efficiency9

Key numbers

P/E (trailing)37.3x
P/E (forward)5.01x
Price / free cash flow9.11x
EV / EBITDA3.84x
Price / sales1.67x
Price / book1.63x
Revenue growth-10.7%
Operating margin29.4%
Net margin8.2%
Return on equity10.3%
Dividend yield7.9%
Debt / equity1.94x

Results from SEC filings

Fiscal years, from Petróleo Brasileiro S.A. - Petrobras's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20202021202220232024
Revenue$53.7B$84.0B$124.5B$102.4B$91.4B
Net income$1.1B$19.9B$36.6B$24.9B$7.5B
Free cash flow$23.0B$31.5B$40.1B$31.1B$23.3B
EPS (diluted)$0.09$1.52$2.81$1.91$0.58
Operating margin18.7%44.8%45.9%37.1%29.4%

Where the revenue comes from

Revenue by segments, fiscal 2025.

Exploration And Production$59.5B39%
Subtotal Oil Products$52.8B35%
Foreign Market$26.3B17%
Country Asia$4.3B3%
Country Europe$3.7B2%
Country Americas$3.6B2%

Superinvestors who own PBR-A

From each investor's latest 13F filing (what a 13F shows).

None of the superinvestors we track held PBR-A in their latest 13F.

Insider buying

Open-market purchases by Petróleo Brasileiro S.A. - Petrobras's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

DateInsiderSharesPriceValue
Apr 2, 2026 Angelica Garcia Cobas Laureano
Insider
1,000$9.49$9,490

Get an alert at your buy price

Pick the price you'd be interested at. We'll email you when PBR-A trades at or below it.

$

Free accounts get 3 price alerts. No card needed.

In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

What growth does Petróleo Brasileiro S.A. - Petrobras's stock price imply?

At a market value of $152.4B, Petróleo Brasileiro S.A. - Petrobras would need its free cash flow to grow about -10% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 21% a year.

Are Petróleo Brasileiro S.A. - Petrobras insiders buying the stock?

1 open-market insider purchase of PBR-A in the last 12 months, from SEC Form 4 filings.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.