Petróleo Brasileiro S.A (PBR) Fair Value & Analysis
Energy · US · Market cap $112B
Petróleo Brasileiro S.A
PBR · US
Fair value as of: Jul 14, 2026
From 24 valuation models · updated 24 days ago
Fair value updated Jul 14, 2026, revised from $26.06 to $15.68 (−39.8%) since Jul 5, 2026. Share price +11.2% over the past month.
A solid business, but screening 15% overvalued on our models.
What matters now
- A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- A fairly wide model range ($11.05 to $20.95) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.
How to read this chart
60‑month range $2.52 – $21.86 · fair‑value band $11.05 – $20.95 · the $18.52 price screens above the $15.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.
Analysis
Petróleo Brasileiro S.A (PBR) currently trades at $18.52, while our model-based Fair Value estimate is $15.68, implying the stock looks roughly 15.3% overvalued today. We read business quality at 70/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Petróleo Brasileiro S.A generated revenue of $498B at a net margin of 21.6%. Revenue grew 0.4% year over year. It earns a return on equity of 25.6%. Net debt stands at $63.6B. Fundamentals as of Jul 14, 2026
Our scenario range runs from $11.05 (bear case) to $20.95 (bull case); at $18.52, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 80% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -25% fair-value upside, at -15%, PBR screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: Growth Earnings ($47.28) versus Asset-Based ($7.89). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 72
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Petróleo Brasileiro S.A. - Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally. It operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies.
Full company description
Petróleo Brasileiro S.A. - Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally. It operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries. Its Refining, Transportation and Marketing segment engages in the refining, logistics, transport, acquisition, and export of crude oil; trading of oil products; and production of fertilizers, as well as holding interests in petrochemical companies. The Gas and Low Carbon Energies segment is involved in the logistic and trading of natural gas and electricity; transportation and trading of liquefied natural gas; generation of electricity through thermoelectric power plants; renewable energy business; low carbon business; and natural gas processing business, as well as production of biodiesel and its co-products. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons. In addition, the company engages in research, development, production, transportation, distribution, and trading of energy. Petróleo Brasileiro S.A. - Petrobras was incorporated in 1953 and is headquartered in Rio De Janeiro, Brazil.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Petróleo Brasileiro S.A reported revenue of $90.8B in FY2025 versus $84.0B in FY2021, a compound +2.0%/yr. Reported net income was $20.1B in FY2025, compounding +0.3%/yr from FY2021.
PBR screens 15% overvalued. Compare with Saudi Arabian Oil Company →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Petroleo Brasileiro S.A.- Petrobras (PBR) is Attracting Investor Attention: Here is What You Should Know
- Why the Market Dipped But Petrobras (PBR) Gained Today
- Petrobras (PBR) Stock Sinks As Market Gains: Here's Why
Peer Group
Oil & Gas Integrated · 54 stocks
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.
Valuation Multiples vs Oil & Gas Integrated median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 66/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Oil & Gas Integrated stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Saudi Arabian Oil Company 2222 | 26.72 SAR | 20.14 SAR | -25% |
| Exxon Mobil Corporation XOM | $144.51 | $90.37 | -37% |
| Chevron Corporation CHEV | C$22.88 | C$7.97 | -65% |
| PetroChina Company 601857 | ¥10.29 | ¥16.51 | +60% |
| Shell plc SHELL | €38.04 | €46.09 | +21% |
| TotalEnergies SE TTE | C$13.80 | C$7.92 | -43% |
| BP p.l.c., an integrated energy company, BP | $40.83 | $12.71 | -69% |
| China Petroleum & Chemical Corporation 600028 | ¥5.03 | ¥4.46 | -11% |
| Equinor ASA EQNR | $36.19 | $34.53 | -5% |
| Eni S.p.A ENI | €21.70 | €15.13 | -30% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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