Petroleo Brasileiro Petrobras (XMAD:XPBR) E10: €0.98 (As of Mar. 2026)


XMAD:XPBR Petroleo Brasileiro SA Petrobras XMAD:XPBR
65 GF Score
Price €6.93
GF Value €6.53
Valuation Fairly Valued
! 3 Warning Signs
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What is Petroleo Brasileiro Petrobras E10?

Petroleo Brasileiro Petrobras XMAD:XPBR -1.21% 65 E10 is €0.98 as of Mar. 2026. GuruFocus rates XMAD:XPBR with a GF Score™ of 65/100 and a GF Value™ of €6.53 (Fairly Valued). 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 €0.418. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.98 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 (2026-07-01), Petroleo Brasileiro Petrobras's current stock price is €6.925. Petroleo Brasileiro Petrobras's E10 for the quarter that ended in Mar. 2026 was €0.98. Petroleo Brasileiro Petrobras's Shiller PE Ratio of today is 7.07.

During the past 13 years, the highest Shiller PE Ratio of Petroleo Brasileiro Petrobras was 46.16. The lowest was 3.93. And the median was 11.63.


Petroleo Brasileiro Petrobras  (XMAD:XPBR) 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
=6.925/0.98
=7.07

* 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 3.93. 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 0.23 0.50 0.65 0.72 0.88

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 0.72 0.73 0.80 0.88 0.98

XMAD:XPBR 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.


XMAD:XPBR
65GF Score
Petroleo Brasileiro SA Petrobras XMAD:XPBR
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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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)
=0.418/175.0655*175.0655
=0.418

Current CPI (Mar. 2026) = 175.0655.

Petroleo Brasileiro Petrobras Quarterly Data

per share eps CPI Adj_EPS
201606 0.093 108.851 0.150
201609 -0.366 109.986 -0.583
201612 0.055 110.802 0.087
201703 0.104 111.869 0.163
201706 0.009 112.115 0.014
201709 0.009 112.777 0.014
201712 -0.106 114.068 -0.163
201803 0.131 114.868 0.200
201806 0.193 117.038 0.289
201809 0.110 117.881 0.163
201812 0.015 118.340 0.022
201903 0.072 120.124 0.105
201906 0.323 120.977 0.467
201909 0.165 121.292 0.238
201912 0.134 123.436 0.190
202003 -0.712 124.092 -1.004
202006 -0.028 123.557 -0.040
202009 -0.018 125.095 -0.025
202012 0.786 129.012 1.067
202103 0.009 131.660 0.012
202106 0.507 133.871 0.663
202109 0.401 137.913 0.509
202112 0.402 141.992 0.496
202203 0.574 146.537 0.686
202206 0.816 149.784 0.954
202209 0.697 147.800 0.826
202212 0.602 150.207 0.702
202303 0.514 153.352 0.587
202306 0.416 154.519 0.471
202309 0.401 155.464 0.452
202312 0.387 157.148 0.431
202403 0.343 159.372 0.377
202406 -0.028 161.052 -0.030
202409 0.403 162.342 0.435
202412 -0.209 164.740 -0.222
202503 0.439 168.102 0.457
202506 0.317 169.670 0.327
202509 0.396 170.739 0.406
202512 0.224 171.765 0.228
202603 0.418 175.066 0.418

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 €0.98 mean?
Petroleo Brasileiro Petrobras (XMAD:XPBR) has a E10 of €0.98 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 €0.98. Overall, Petroleo Brasileiro Petrobras has a GF Score™ of 65/100 and is considered Fairly Valued, 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 €0.98 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 €0.98. 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 (XMAD:XPBR) is currently considered Fairly Valued. The stock's GF Value™ is €6.53, compared to a current price of €6.93 — trading 6% above its estimated fair value. The current E10 is €0.98. Petroleo Brasileiro Petrobras' overall GF Score™ is 65/100 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 (XMAD:XPBR), the current E10 is €0.98 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 (XMAD:XPBR) Overvalued in 2026?

Based on GuruFocus' analysis, Petroleo Brasileiro Petrobras stock appears to be overvalued. The current stock price of €6.93 is trading 6% above its estimated GF Value™ of €6.53. GuruFocus considers Petroleo Brasileiro Petrobras to be Fairly Valued.

Key valuation signals for XMAD:XPBR:

  • E10: €0.98
  • GF Value™: €6.53 vs. price of €6.93 (6% above fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the XMAD:XPBR 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.
65GF Score

Get the complete analysis for XMAD:XPBR

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

€6.93
Price
€6.53
GF Value