3R Petroleum Oleo E Gas SA (BRAV3) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of 3R Petroleum Oleo E Gas SA stock BRL 16.28, price BRL 15.54, upside +4.8%, quality 36 out of 100. Rating: fairly valued. Calculated from audited financials with 21 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range R$13.35 – R$49.62 · fair‑value band R$7.88 – R$33.19 · the R$15.54 price screens below the R$16.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Brava Energia S.A. engages in the exploration and production of oil and natural gas in Brazil. It is also involved in treatment, refining, and processing, as well as engages in the trading of oil, gas and derivatives.
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The company was formerly known as 3R Petroleum Óleo e Gás S.A. and changed its name to Brava Energia S.A. in September 2024. The company was founded in 2010 and is headquartered in Rio De Janeiro, Brazil.
Stock analysis
3R Petroleum Oleo E Gas SA (BRAV3) currently trades at R$15.54, while our model-based Fair Value estimate is R$16.28, so the stock looks roughly fairly valued today (gap 4.5%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of R$124.61 per share, and 17 of the 20 models we run sit above the R$15.54 price.
Bear case: the Asset-Based group reads lowest at R$5.36, and 3 of the 20 models stay below the price. Data coverage for this calculation is high.
Scenario range: R$7.88 (bear) to R$33.19 (bull), the price of R$15.54 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 36/100 (below-average quality), in the Energy sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
3R Petroleum Oleo E Gas SA Ordinary Shares reported revenue of R$11.6B in FY2025 versus R$728M in FY2021, a compound +99.9%/yr. Reported net income was R$1.4B in FY2025.
Key figures
Market cap R$10.1B (≈ $1.8B) Small · P/E ratio 141.3 · P/S ratio 0.82 · EPS (TTM) R$0.1100 · Dividend yield 0.8% · Net margin 0.4% · Return on equity 0.4% · Return on assets (EBIT) 4.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 28% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at 5%, BRAV3 screens richer than that median.
Fair Value models
BearR$7.88Fair Value R$16.28BullR$33.19
Price R$15.54 · Upside +4.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual IncomeR$20.01R$21.67R$24.9074
FCF DCFR$26.15R$46.29R$104.1172
Growth DCFR$22.58R$50.74R$94.8472
All 21 models by family
DCF Models
FCF DCFR$26.15R$46.29R$104.1172
Owner EarningsR$43.92R$109.01R$216.7169
5Y Revenue ExitR$4.80R$22.33R$58.3260
5Y EBITDA ExitR$16.79R$46.51R$104.4766
5Y P/E ExitR$10.42R$48.17R$97.3462
10Y Revenue ExitR$12.58R$44.32R$58.9263
10Y EBITDA ExitR$20.12R$64.68R$137.1960
10Y P/E ExitR$16.43R$53.86R$110.4856
Earnings-Based
Graham-DoddR$20.66R$144.06R$202.1761
Lynch FVR$74.43R$106.33R$138.2259
PEG = 1.0R$74.43R$106.33R$138.2255
Multiples
P/E MultipleR$31.90R$42.53R$53.1663
P/S MultipleR$22.52R$30.02R$37.5358
P/B MultipleR$10.80R$14.41R$18.0155
EV/EBITn/an/aR$2.2461
EV/EBITDAn/aR$14.18R$28.3657
Asset-Based
NCAV (Graham)R$4.00R$5.36R$8.0054
Growth DCF
Growth DCFR$22.58R$50.74R$94.8472
Rev-Margin DCFR$7.98R$30.05R$76.7661
Economic Profit
Residual IncomeR$20.01R$21.67R$24.9074
Growth Earnings
Growth-Adj P/ER$87.23R$124.61R$162.0065
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+33.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+89.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+124.4%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 years), in BRL ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in BRL: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +23.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.7%
Dividend (yield on the price)0.8%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−7% → 14%
⚠ Rate on operating basis: 2025 sits 141% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+44.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (Brazil: IMF forecast 3.3% a year to 2030, 5.4% from 2016 to 2025) that is about +39.4% a year for the price and +1.2% for the forecasts.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas E&P · 239 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score36 · Below median
Fair Value upside+4.8% · Above median
Profitability
Return on equity (12 months)0.4% · Below median
Return on assets3.3% · Above median
Net margin (12 months)0.4% · Below median
Operating margin (12 months)31.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)14.5% · Below median
Dividend yield (12 months)0.8% · Bottom 25%
Balance sheet
Debt / equity1.31× · Highest 25%
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "3R Petroleum Oleo E Gas SA Ordinary Shares Fair Value". https://www.fairvalue-calculator.com/stock/BRAV3
Frequently asked questions
Is 3R Petroleum Oleo E Gas SA (BRAV3) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of R$16.28 versus a price of R$15.54, about +5% upside (fairly valued).
What is the fair value of BRAV3?
Our model-based fair value for 3R Petroleum Oleo E Gas SA is R$16.28 (as of Nov 7, 2026), built from audited fundamentals. The current price: R$15.54.
What is the quality score of BRAV3?
3R Petroleum Oleo E Gas SA has a Quality Score of 36/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for 3R Petroleum Oleo E Gas SA (BRAV3)?
Our model-based price target is the fair value of R$16.28 (as of Nov 7, 2026) from 21 valuation models. Cautious scenario R$7.88, optimistic scenario R$33.19. It is a calculation from audited fundamentals, not an analyst target.
What is the 3R Petroleum Oleo E Gas SA Ordinary Shares stock forecast for 2026?
Our models put fair value at R$16.28, about +5% upside versus a price of R$15.54 (fairly valued). Cautious scenario R$7.88, optimistic scenario R$33.19. The calculation is refreshed regularly with new filings.
What is the revenue of 3R Petroleum Oleo E Gas SA (BRAV3)?
3R Petroleum Oleo E Gas SA reported trailing-twelve-month revenue of about R$12.3B (latest available figure, as of Nov 7, 2026).
Does 3R Petroleum Oleo E Gas SA Ordinary Shares pay a dividend?
3R Petroleum Oleo E Gas SA currently shows a dividend yield of 0.80% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of 3R Petroleum Oleo E Gas SA (BRAV3) and when is the ex-dividend date?
3R Petroleum Oleo E Gas SA pays a dividend of R$0.124 per share a year, a dividend yield of 0.8%. The last ex-dividend date was Apr 22, 2026. The payout ratio is 126% of earnings (on adjusted earnings, reported 113%). Free cash flow covers the dividend 5.04 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into 3R Petroleum Oleo E Gas SA (BRAV3)?
For today's price to be fair in a discounted-cash-flow model, 3R Petroleum Oleo E Gas SA would have to grow free cash flow by +44.0 % per year for five years (discount rate 14.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +124.4 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of BRAV3 use?
Our models discount 3R Petroleum Oleo E Gas SA at 14.2 %: a base by market capitalisation (small), country premium for Brazil. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For 3R Petroleum Oleo E Gas SA that is +44.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (14.2 %) and the same formula as our fair value.
How much growth has 3R Petroleum Oleo E Gas SA (BRAV3) delivered so far?
Over the past 5 years revenue at 3R Petroleum Oleo E Gas SA grew +124.4 % a year. The price currently implies free-cash-flow growth of +44.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of 3R Petroleum Oleo E Gas SA (BRAV3) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into 3R Petroleum Oleo E Gas SA (+44.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of 3R Petroleum Oleo E Gas SA (BRAV3)?
The free-cash-flow yield on the price is 3.98 %: that much free cash flow 3R Petroleum Oleo E Gas SA produces per unit of market value. When it exceeds the discount rate of our models (14.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of 3R Petroleum Oleo E Gas SA (BRAV3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For 3R Petroleum Oleo E Gas SA it is R$16.28 per share (as of Nov 7, 2026), against a price of R$15.54. It is the blended result of 21 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is 3R Petroleum Oleo E Gas SA Ordinary Shares stock overvalued or undervalued in 2026?
As of Nov 7, 2026, BRAV3 trades below its calculated fair value: price R$15.54, fair value R$16.28, a gap of about +5% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BRAV3?
No. The price is what the market pays today (R$15.54); the fair value is what the company's own numbers justify (R$16.28). For 3R Petroleum Oleo E Gas SA the two are R$0.7385 per share apart. That gap is exactly why we show both numbers side by side.
How much is 3R Petroleum Oleo E Gas SA Ordinary Shares worth?
The market values 3R Petroleum Oleo E Gas SA at about R$10.1B (market capitalisation, as of Nov 7, 2026). Per share that is R$15.54; our models calculate a fair value of R$16.28 per share.
What do the bullish and bearish scenarios say about BRAV3?
Our models span a range for 3R Petroleum Oleo E Gas SA: cautious scenario R$7.88, base R$16.28, optimistic R$33.19 per share (as of Nov 7, 2026, price R$15.54). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BRAV3?
3R Petroleum Oleo E Gas SA trades at a price-to-earnings ratio of 141.3 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$16.28 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 5.7 (reported for FY2025: 5.1). Other multiples: P/B 0.9, P/S 0.8, EV/EBITDA 5.2.
How solid is the balance sheet of 3R Petroleum Oleo E Gas SA (BRAV3)?
Balance-sheet figures for 3R Petroleum Oleo E Gas SA (as of Nov 7, 2026): return on equity 0.4%, debt of 1.31 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is BRAV3 from its 52-week high?
3R Petroleum Oleo E Gas SA trades at R$15.54, about 28% below its 52-week high of R$21.69 and 16% above the low of R$13.35 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of R$16.28 is for.
Which stocks are comparable to 3R Petroleum Oleo E Gas SA Ordinary Shares?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is 3R Petroleum Oleo E Gas SA Ordinary Shares stock attractive at the current price?
The data as of Nov 7, 2026: price R$15.54, calculated fair value R$16.28 (+5%), Quality Score 36/100, from 21 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BRAV3 calculated?
We run 3R Petroleum Oleo E Gas SA through 21 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of R$16.28 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. 3R Petroleum Oleo E Gas SA currently trades 5% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of 3R Petroleum Oleo E Gas SA (BRAV3)?
The closing price on Nov 6, 2026 was R$15.54. Our model-based fair value is R$16.28, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with 3R Petroleum Oleo E Gas SA Ordinary Shares right now?
The model range is unusually wide (R$7.88 to R$33.19). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of 3R Petroleum Oleo E Gas SA
How large is the market capitalisation of 3R Petroleum Oleo E Gas SA (BRAV3)?
The market capitalisation of 3R Petroleum Oleo E Gas SA is R$10.1B (≈ $1.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of 3R Petroleum Oleo E Gas SA (BRAV3)?
The price-to-sales ratio of 3R Petroleum Oleo E Gas SA is 0.82 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of 3R Petroleum Oleo E Gas SA (BRAV3)?
Earnings per share at 3R Petroleum Oleo E Gas SA are R$0.1100 (price ÷ EPS = P/E 141.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of 3R Petroleum Oleo E Gas SA (BRAV3)?
The dividend yield of 3R Petroleum Oleo E Gas SA is 0.8% (payout 126%, on adjusted earnings, reported 113%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of 3R Petroleum Oleo E Gas SA (BRAV3)?
The net margin of 3R Petroleum Oleo E Gas SA is 0.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of 3R Petroleum Oleo E Gas SA (BRAV3)?
The return on equity (ROE) of 3R Petroleum Oleo E Gas SA is 0.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of 3R Petroleum Oleo E Gas SA (BRAV3)?
On an EBIT basis the return on assets of 3R Petroleum Oleo E Gas SA is 4.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of 3R Petroleum Oleo E Gas SA (BRAV3)?
The operating margin of 3R Petroleum Oleo E Gas SA is 31.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at 3R Petroleum Oleo E Gas SA (BRAV3)?
Revenue at 3R Petroleum Oleo E Gas SA is growing +14.5% versus a year earlier (3y avg +89.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at 3R Petroleum Oleo E Gas SA (BRAV3)?
Earnings per share at 3R Petroleum Oleo E Gas SA are growing −17.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does 3R Petroleum Oleo E Gas SA (BRAV3) carry?
The net debt of 3R Petroleum Oleo E Gas SA is R$19.8B (fiscal year 2025, ≈ 68.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026