Petroleo Brasileiro Petrobras (MEX:PBRAN) E10: MXN37.88 (As of Mar. 2026)

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MEX:PBRAN Petroleo Brasileiro SA Petrobras MEX:PBRAN
67 GF Score
Price MXN275.00
GF Value MXN233.08
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Petroleo Brasileiro Petrobras E10?

Petroleo Brasileiro Petrobras MEX:PBRAN +5.59% 67 E10 is MXN37.88 as of Mar. 2026. GuruFocus rates MEX:PBRAN with a GF Score™ of 67/100 and a GF Value™ of MXN233.08 (Modestly Overvalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Petroleo Brasileiro Petrobras's adjusted earnings per share data for the three months ended in Mar. 2026 was MXN17.448. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN37.88 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Petroleo Brasileiro Petrobras's average E10 Growth Rate was 36.50% per year. During the past 3 years, the average E10 Growth Rate was 28.30% per year. During the past 5 years, the average E10 Growth Rate was 41.50% per year. During the past 10 years, the average E10 Growth Rate was 6.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Petroleo Brasileiro Petrobras was 50.60% per year. The lowest was -22.80% per year. And the median was -4.20% per year.

As of today (2026-07-21), Petroleo Brasileiro Petrobras's current stock price is MXN275.00. Petroleo Brasileiro Petrobras's E10 for the quarter that ended in Mar. 2026 was MXN37.88. Petroleo Brasileiro Petrobras's Shiller PE Ratio of today is 7.26.

During the past 13 years, the highest Shiller PE Ratio of Petroleo Brasileiro Petrobras was 46.16. The lowest was 4.24. And the median was 11.63.


Petroleo Brasileiro Petrobras  (MEX:PBRAN) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Petroleo Brasileiro Petrobras's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=275.00/37.88
=7.26

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Petroleo Brasileiro Petrobras was 46.16. The lowest was 4.24. And the median was 11.63.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Petroleo Brasileiro Petrobras E10 Related Terms


Petroleo Brasileiro Petrobras E10 Historical Data

* Premium members only.

The historical data trend for Petroleo Brasileiro Petrobras's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Petroleo Brasileiro Petrobras E10 Chart

Petroleo Brasileiro Petrobras Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.04 18.41 22.06 25.09 35.29

Petroleo Brasileiro Petrobras Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.40 31.44 31.52 35.29 37.88

MEX:PBRAN vs XOM, CVX: E10 Comparison

For the Oil & Gas Integrated subindustry, Petroleo Brasileiro Petrobras's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Petroleo Brasileiro Petrobras Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petroleo Brasileiro Petrobras's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Petroleo Brasileiro Petrobras's Shiller PE Ratio falls into.


MEX:PBRAN
67GF Score
Petroleo Brasileiro SA Petrobras MEX:PBRAN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Petroleo Brasileiro Petrobras E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Petroleo Brasileiro Petrobras's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=17.448/175.0655*175.0655
=17.448

Current CPI (Mar. 2026) = 175.0655.

Petroleo Brasileiro Petrobras Quarterly Data

per share eps CPI Adj_EPS
201606 3.858 108.851 6.205
201609 -15.900 109.986 -25.308
201612 2.402 110.802 3.795
201703 4.173 111.869 6.530
201706 0.363 112.115 0.567
201709 0.369 112.777 0.573
201712 -4.950 114.068 -7.597
201803 5.862 114.868 8.934
201806 8.860 117.038 13.253
201809 4.795 117.881 7.121
201812 0.662 118.340 0.979
201903 3.172 120.124 4.623
201906 14.087 120.977 20.385
201909 6.997 121.292 10.099
201912 5.617 123.436 7.966
202003 -36.901 124.092 -52.059
202006 -1.443 123.557 -2.045
202009 -0.922 125.095 -1.290
202012 38.034 129.012 51.611
202103 0.419 131.660 0.557
202106 24.338 133.871 31.827
202109 19.413 137.913 24.643
202112 18.620 141.992 22.957
202203 25.207 146.537 30.114
202206 34.710 149.784 40.569
202209 27.754 147.800 32.874
202212 24.845 150.207 28.957
202303 19.750 153.352 22.546
202306 15.445 154.519 17.499
202309 14.920 155.464 16.801
202312 14.331 157.148 15.965
202403 12.373 159.372 13.591
202406 -1.123 161.052 -1.221
202409 17.783 162.342 19.177
202412 -9.115 164.740 -9.686
202503 19.399 168.102 20.203
202506 13.772 169.670 14.210
202509 17.034 170.739 17.466
202512 9.459 171.765 9.641
202603 17.448 175.066 17.448

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of MXN37.88 mean?
Petroleo Brasileiro Petrobras (MEX:PBRAN) has a E10 of MXN37.88 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Petroleo Brasileiro Petrobras and its competitors.
Is Petroleo Brasileiro Petrobras' E10 too high?
Petroleo Brasileiro Petrobras' current E10 is MXN37.88. Overall, Petroleo Brasileiro Petrobras has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Petroleo Brasileiro Petrobras' E10 compare to XOM and CVX?
Petroleo Brasileiro Petrobras' E10 of MXN37.88 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Oil & Gas company?
A good E10 depends on the Oil & Gas industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Petroleo Brasileiro Petrobras and its competitors. Petroleo Brasileiro Petrobras's current E10 is MXN37.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petroleo Brasileiro Petrobras stock overvalued right now?
Based on GuruFocus' analysis, Petroleo Brasileiro Petrobras (MEX:PBRAN) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN233.08, compared to a current price of MXN275.00 — trading 18% above its estimated fair value. The current E10 is MXN37.88. Petroleo Brasileiro Petrobras' overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Petroleo Brasileiro Petrobras (MEX:PBRAN), the current E10 is MXN37.88 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Petroleo Brasileiro Petrobras (MEX:PBRAN) Overvalued in 2026?

Based on GuruFocus' analysis, Petroleo Brasileiro Petrobras stock appears to be overvalued. The current stock price of MXN275.00 is trading 18% above its estimated GF Value™ of MXN233.08. GuruFocus considers Petroleo Brasileiro Petrobras to be Modestly Overvalued.

Key valuation signals for MEX:PBRAN:

  • E10: MXN37.88
  • GF Value™: MXN233.08 vs. price of MXN275.00 (18% above fair value)
  • GF Score™: 67/100 with 3 warning signs

No single metric tells the full story. See the MEX:PBRAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Petroleo Brasileiro Petrobras Business Description

Industry EnergyOil & Gas
Address Avenida Henrique Valadares, 28, Rio de Janeiro, RJ, BRA, 20231-030
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on the exploration and production of oil and gas in Brazilian offshore fields. Production in 2025 was 3.0 million barrels of oil equivalent per day (80% oil), and reserves stood at 12.1 billion boe (84% oil). At the end of 2025, Petrobras operated 10 refineries in Brazil with a capacity of 1.8 million barrels per day and distributed refined products and natural gas throughout the country.
67GF Score

Get the complete analysis for MEX:PBRAN

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN275.00
Price
MXN233.08
GF Value