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Petróleo Brasileiro S.A. - Petrobras PETR4.SA

BR · B3 (Brasil Bolsa) · XBSP · stock · Energy · website

Petróleo Brasileiro S.A. - Petrobras statistics & valuation

Market capR$575.1B
P / E29.3×
P / S6.4×
P / B7.6×
P / FCF34.8×
Dividend yield1.41%
Net margin22.0%
Return on equity26.0%
FCF margin18.5%
Net debtR$63.3B
Enterprise value USD$56.1B
Earnings yield EBIT/EV4.3%
Return on capital14.9%
Graham number -48.2%R$21.78

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (R$21.78); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
29.40% 24.30% 8.20% 22.00% 2022202320242025
Gross margin (%)
52.20% 52.70% 50.30% 47.60% 2022202320242025
Operating margin (%)
42.80% 38.50% 28.10% 31.10% 2022202320242025
Return on equity (%)
52.70% 31.70% 12.70% 26.00% 2022202320242025
Shares outstanding
5.45B 5.45B 5.45B 5.45B 2022202320242025
Net debt (R$)
R$45.80B R$49.87B R$57.04B R$63.32B 2022202320242025
Share buybacks (R$)
R$0 R$735.0M R$380.0M R$0 2022202320242025
Return on assets (%)
19.60% 11.50% 4.10% 8.80% 2022202320242025
Free cash flow margin (%)
32.20% 30.40% 25.50% 18.50% 2022202320242025
Debt / equity (×)
0.77× 0.80× 1.02× 0.92× 2022202320242025
EPS (R$)
R$2.81 R$1.91 R$0.58 R$1.52 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Petróleo Brasileiro S.A. - Petrobras trades at about 27.7× earnings — above its 10-year norm (10-year range 9.3×–65×, median 24.8×).

9.3× 65×

Shaded band = 10-year range (9.3×–65×); dot = today's 27.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin47.6%50.3%52.7%52.2%
Operating margin31.1%28.1%38.5%42.8%
Net margin22.0%8.2%24.3%29.4%
FCF margin18.5%25.5%30.4%32.2%
Return on assets8.8%4.1%11.5%19.6%
Return on equity26.0%12.7%31.7%52.7%
Debt / equity0.32×0.35×0.31×0.38×
Current ratio0.710.690.961.00

Computed from company filings · BR · as of 2025-12-31. Figures in BRL. Facts plus Stocktoria's own computed scores — not investment advice.