Start with its own history
At 4.76×, PBR is 64.7% below its 8-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · PBROil & Gas IntegratedUpdated Nov 5, 2026
Petróleo Brasileiro S.A. - Petrobras P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
4.76×
64.7% belowthe 8-observation annual average
Share price19.61
÷Earnings per share4.12
Price and EPS in quote currency. Calculation details
Investors are paying 4.76 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 13.48×
3-year average7.29×3 positive annual observations
5-year average5.51×5 positive annual observations
10-year average13.48×8 positive annual observations
Peer median · TTM11.66×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 3.81× | -72.5% |
| Dec 31, 2024 | 13.88× | +231.1% |
| Dec 31, 2023 | 4.19× | +118.3% |
| Dec 31, 2022 | 1.92× | -48.5% |
| Dec 31, 2021 | 3.73× | -93.0% |
| Dec 31, 2020 | 53.43× | +297.4% |
| Dec 31, 2019 | 13.45× | -0.1% |
| Dec 31, 2018 | 13.46× | N/M |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | N/M | N/M |
| Dec 31, 2016 | N/M | N/M |
| Dec 31, 2015 | N/M | N/M |
| Dec 31, 2014 | N/M | N/M |
| Dec 31, 2013 | 8.83× | -29.6% |
| Dec 31, 2012 | 12.56× | +39.2% |
| Dec 31, 2011 | 9.02× | -4.3% |
| Dec 31, 2010 | 9.43× | -30.1% |
| Dec 31, 2009 | 13.49× | +108.1% |
| Dec 31, 2008 | 6.48× | -61.1% |
| Dec 31, 2007 | 16.66× | +88.8% |
| Dec 31, 2006 | 8.82× | +135.4% |
| Dec 31, 2005 | 3.75× | +5.9% |
| Dec 31, 2004 | 3.54× | +59.6% |
| Dec 31, 2003 | 2.22× | -54.6% |
| Dec 31, 2002 | 4.89× | -41.9% |
| Dec 31, 2001 | 8.41× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How PBR compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 PBR This stockPetróleo Brasileiro S.A. - Petrobras | 4.76× |
 ECEcopetrol S.A. | 8.42× |
 YPFYPF Sociedad Anónima | 19.46× |
 TTETotalEnergies SE | 9.02× |
 SHELShell plc | 8.78× |
 CVXChevron Corporation | 15.83× |
 XOMExxonmobil Holdings Corporation | 17.41× |
 EEni S.p.A. | 9.79× |
 BPBP p.l.c. | 13.53× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does PBR’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 11.66×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take PBR into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("PBR", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 19.61 ÷ EPS 4.12 = 4.76×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
PBR P/E ratio: common questions
The essentials behind the numbers.
Petróleo Brasileiro S.A. - Petrobras's current P/E is 4.76× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.