US · USD

PBR

Petroleo Brasileiro Petrobras SA ADR

$20.87+1.07% ($0.22)
Day's range
$20.84 – $21.34
Day's volume
$524.3M
52-week range
$11.06 – $21.77

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PBR in numbers

Market cap
$155.3B
P/E
6.85
P/B
0.89
Dividend yield (12m)
5.52%
Net debt/EBITDA
1.40

The 12-month dividend yield of PBR is 5.52%, below its 5-year average of 26.04%.

PBR price history

10/01/202509/30/2026
Compare with

PBR risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+71.75%+95.81%+529.92%
Volatility (annualized)49.58%35.96%37.33%
Largest drawdown-26.08%-26.08%-26.08%
Positive months8/1221/3637/60

How much did investing in PBR return?

$1,000.00 invested on 09/01/2021 would be worth $6,299.18 today.

Value today in PBR
$6,299.18
Return over the period
+529.92%
Return per year
+44.50%
In the S&P 500
$1,788.52

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

PBR fundamentals

Valuation

  • P/E
    6.85
  • P/B
    0.89
  • EV/EBITDA
    5.56
  • EV/EBIT
    7.48
  • EV/Revenue
    1.16
  • P/EBIT
    5.59
  • P/S
    0.87
  • P/OCF
    4.12
  • P/FCF
    -27.04
  • Earnings yield
    13.37%
  • PEG ratio
    —
  • Earnings per share
    $3.05
  • Book value per share
    $23.40

Debt

  • Net debt
    $52.5B
  • Net debt/EBITDA
    1.40
  • Net debt/Equity
    0.30
  • Debt/Equity
    0.47
  • Current ratio
    1.81
  • Quick ratio
    1.40
  • Cash ratio
    0.81

Efficiency

  • Gross margin
    51.21%
  • EBITDA margin
    20.96%
  • Operating margin
    15.57%
  • Net margin
    12.71%
  • Asset turnover
    0.58

Profitability

  • ROE
    13.02%
  • ROA
    7.34%
  • ROIC
    9.55%
  • Payout
    37.79%

What is PBR's fair price?

Two classic value formulas, with today's numbers. The current price is $20.87.

Graham's fair price
$40.05
91.92% above the price

√(22.50 × $3.05 × $23.40)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
$50.46
141.80% above the price

$3.03 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

PBR's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator2010200920082007
ROE10.73%17.89%28.34%—
ROIC8.26%12.33%21.70%—
Gross margin53.14%57.50%50.27%55.71%
EBITDA margin21.65%25.07%21.31%23.12%
Net margin12.91%14.52%12.10%11.93%
Net debt/EBITDA1.201.420.45—

PBR's financial statements

Line2010200920082007
Net revenue$150.9B$115.9B$146.5B$112.4B
Cost of revenue-$70.7B-$49.3B-$72.9B-$49.8B
Gross profit$80.2B$66.6B$73.7B$62.6B
EBITDA$32.7B$29.1B$31.2B$26B
EBIT$24.2B$21.9B$25.3B$20.5B
Financial result$1.7B$192M$1.7B—
Income before tax$25.8B$22.1B$27B$19.3B
Income tax-$6.4B-$5.2B-$9.3B-$5.9B
Net income$19.5B$16.8B$17.7B$13.4B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does PBR pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend08/24/202612/29/2026$0.53

Dividend yield per year

  • 0.79%2018
  • 1.10%2019
  • 3.25%2020
  • 18.59%2021
  • 60.50%2022
  • 7.73%2023
  • 27.94%2024
  • 15.43%2025
  • 2.98%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend06/02/202609/28/2026$0.14
Dividend04/23/202606/29/2026$0.12
Dividend12/25/202503/27/2026$0.35
Dividend08/22/202512/30/2025$0.25
Dividend06/03/202509/29/2025$0.32
Dividend04/21/202506/27/2025$0.26
Dividend12/26/202403/27/2025$0.46
Dividend12/12/202401/03/2025$0.53
Dividend08/22/202412/30/2024$0.39
Dividend06/12/202409/27/2024$0.38
Dividend04/25/202406/27/2024$0.44
Dividend05/02/202406/27/2024$0.67
See all 32 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend11/21/202302/27/2024$0.55
Dividend04/27/202301/03/2024$1.17
Dividend08/21/202311/30/2023$0.47
Dividend06/12/202308/25/2023$0.76
Dividend11/21/202212/28/2022$1.28
Dividend08/11/202209/08/2022$2.59
Dividend05/23/202206/27/2022$1.40
Dividend04/13/202205/23/2022$1.17
Dividend12/01/202112/22/2021$1.14
Dividend08/16/202109/01/2021$0.61
Dividend04/14/202105/06/2021$0.29
Dividend04/27/202012/22/2020$0.09
Dividend07/22/202012/22/2020$0.18
Dividend11/11/201902/18/2020$0.09
Dividend08/12/201910/15/2019$0.10
Dividend05/21/201907/15/2019$0.05
Dividend12/27/201805/28/2019$0.02
Dividend11/22/201812/13/2018$0.05
Dividend08/13/201809/04/2018$0.02
Dividend05/21/201806/04/2018$0.03

About Petroleo Brasileiro Petrobras

Sector
Mining

Questions about PBR

How much is PBR today?

PBR is at $20.87 (1.07% on the day), last traded on 09/30/2026.

How much did PBR pay in dividends in 2025?

PBR paid $1.83 per share in 2025, a dividend yield of 15.43%.

When is the next PBR dividend?

The next announced payment is $0.53 per share on 12/29/2026.

What are the P/E and P/B of PBR?

PBR trades at a P/E of 6.85 and a P/B of 0.89.

How much did PBR return in 12 months?

PBR returned 71.75% in 12 months, with annualized volatility of 49.58% and a largest drawdown of -26.08%.