Petroleo Brasileiro Petrobras (FRA:PJX) EV-to-FCF: 10.54 (As of Jul. 14, 2026) — 39% Above Median

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FRA:PJX Petroleo Brasileiro SA Petrobras FRA:PJX
70 GF Score
Price €13.80
GF Value €11.77
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Petroleo Brasileiro Petrobras EV-to-FCF?

Petroleo Brasileiro Petrobras FRA:PJX +2.22% 70 EV-to-FCF is 10.54 as of Jul. 14, 2026, which is 39% above its 10-year median of 7.60. GuruFocus rates FRA:PJX with a GF Score™ of 70/100 and a GF Value™ of €11.77 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 579 Oil & Gas companies, Petroleo Brasileiro Petrobras ranks better than 66.84% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Petroleo Brasileiro Petrobras's Enterprise Value is €144,369 Mil. Petroleo Brasileiro Petrobras's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €13,700 Mil. Therefore, Petroleo Brasileiro Petrobras's EV-to-FCF for today is 10.54.

The historical rank and industry rank for Petroleo Brasileiro Petrobras's EV-to-FCF or its related term are showing as below:

FRA:PJX' s EV-to-FCF Range Over the Past 10 Years
Min: 2.62   Med: 7.6   Max: 146.83
Current: 10.31

During the past 13 years, the highest EV-to-FCF of Petroleo Brasileiro Petrobras was 146.83. The lowest was 2.62. And the median was 7.60.

FRA:PJX's EV-to-FCF is ranked better than
66.84% of 579 companies
in the Oil & Gas industry
Industry Median: 15.75 vs FRA:PJX: 10.31

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-14), Petroleo Brasileiro Petrobras's stock price is €13.80. Petroleo Brasileiro Petrobras's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €2.711. Therefore, Petroleo Brasileiro Petrobras's PE Ratio (TTM) for today is 5.09.


Petroleo Brasileiro Petrobras  (FRA:PJX) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Petroleo Brasileiro Petrobras's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=13.80/2.711
=5.09

Petroleo Brasileiro Petrobras's share price for today is €13.80.
Petroleo Brasileiro Petrobras's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €2.711.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Petroleo Brasileiro Petrobras EV-to-FCF Related Terms


Petroleo Brasileiro Petrobras EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Petroleo Brasileiro Petrobras's EV-to-FCF 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 EV-to-FCF Chart

Petroleo Brasileiro Petrobras Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.81 2.80 4.87 5.79 8.32

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
EV-to-FCF 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 6.33 6.41 6.95 8.32 11.86

FRA:PJX vs XOM, CVX: EV-to-FCF Comparison

For the Oil & Gas Integrated subindustry, Petroleo Brasileiro Petrobras's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petroleo Brasileiro Petrobras's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Petroleo Brasileiro Petrobras's EV-to-FCF falls into.


FRA:PJX
70GF Score
Petroleo Brasileiro SA Petrobras FRA:PJX
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Petroleo Brasileiro Petrobras EV-to-FCF Calculation

Petroleo Brasileiro Petrobras's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=144369.426/13699.669
=10.54

Petroleo Brasileiro Petrobras's current Enterprise Value is €144,369 Mil.
Petroleo Brasileiro Petrobras's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €13,700 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 10.54 mean?
Petroleo Brasileiro Petrobras (FRA:PJX) has a EV-to-FCF of 10.54 as of Jul. 14, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Petroleo Brasileiro Petrobras and its competitors. This is 39% above median its historical median of 7.60. Over the past decade, Petroleo Brasileiro Petrobras' EV-to-FCF has ranged from 2.62 to 146.83. According to the industry distribution chart, Petroleo Brasileiro Petrobras ranks #192 out of 579 companies in the Oil & Gas industry, placing it in the top 33.2%.
Is Petroleo Brasileiro Petrobras' EV-to-FCF too high?
Petroleo Brasileiro Petrobras' current EV-to-FCF of 10.54 is 39% above median its 10-year median of 7.60. Over the past 10 years, this metric has ranged from a low of 2.62 to a high of 146.83. The Oil & Gas industry median EV-to-FCF is 15.75. Petroleo Brasileiro Petrobras' value of 10.54 is 33.1% below this industry median. Based on the distribution chart, Petroleo Brasileiro Petrobras ranks #192 out of 579 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Petroleo Brasileiro Petrobras has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Petroleo Brasileiro Petrobras' EV-to-FCF compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Petroleo Brasileiro Petrobras ranks #192 out of 579 companies for EV-to-FCF. This puts Petroleo Brasileiro Petrobras in the upper half of its industry. The industry median EV-to-FCF is 15.75. Petroleo Brasileiro Petrobras' value of 10.54 is 33.1% below this benchmark. Historically, Petroleo Brasileiro Petrobras' own EV-to-FCF has ranged from 2.62 to 146.83 over the past decade. While the company's 10-year median is 7.60 vs. the industry median of 15.75, Petroleo Brasileiro Petrobras has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.75, based on 579 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Petroleo Brasileiro Petrobras's current EV-to-FCF of 10.54 is 33.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Petroleo Brasileiro Petrobras and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petroleo Brasileiro Petrobras's current EV-to-FCF is 10.54, which is 39% above median its own 10-year median of 7.60. 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 (FRA:PJX) is currently considered Modestly Overvalued. The stock's GF Value™ is €11.77, compared to a current price of €13.80 — trading 17.2% above its estimated fair value. The current EV-to-FCF is 10.54, which is 39% above median its 10-year median of 7.60 and 33.1% below the Oil & Gas industry median of 15.75. Petroleo Brasileiro Petrobras' overall GF Score™ is 70/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Petroleo Brasileiro Petrobras (FRA:PJX), the current EV-to-FCF is 10.54 as of Jul. 14, 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 (FRA:PJX) Overvalued in 2026?

Based on GuruFocus' analysis, Petroleo Brasileiro Petrobras stock appears to be overvalued. The current stock price of €13.80 is trading 17.2% above its estimated GF Value™ of €11.77. GuruFocus considers Petroleo Brasileiro Petrobras to be Modestly Overvalued.

Key valuation signals for FRA:PJX:

  • EV-to-FCF: 10.54 (39% above median its 10-year median of 7.60)
  • GF Value™: €11.77 vs. price of €13.80 (17.2% above fair value)
  • GF Score™: 70/100 with 3 warning signs
  • Industry Position: 33.1% below the Oil & Gas median (#192 of 579)

No single metric tells the full story. See the FRA:PJX 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.
70GF Score

Get the complete analysis for FRA:PJX

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

€13.80
Price
€11.77
GF Value