The historical rank and industry rank for Petroleo Brasileiro Petrobras's PB Ratio or its related term are showing as below:
BSP:PETR3'
s PB Ratio Range Over the Past 10 Years
Min: 0.54 Med: 1.13 Max: 1.69
Current: 1.22
During the past 13 years, Petroleo Brasileiro Petrobras's highest PB Ratio was 1.69. The lowest was 0.54. And the median was 1.13.
BSP:PETR3's PB Ratio is ranked better than 56.66% of 923
companies
in the Oil & Gas industry
Industry Median: 1.39
vs BSP:PETR3: 1.22
During the past 12 months, Petroleo Brasileiro Petrobras's average Book Value Per Share Growth Rate was 12.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Petroleo Brasileiro Petrobras was 32.20% per year. The lowest was -15.50% per year. And the median was 6.65% per year.
Back to Basics: PB Ratio
Petroleo Brasileiro Petrobras (BSP:PETR3) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Petroleo Brasileiro Petrobras PB Ratio Related Terms
Petroleo Brasileiro Petrobras PB Ratio Historical Data
* 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.
For the Oil & Gas Integrated subindustry, Petroleo Brasileiro Petrobras's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Petroleo Brasileiro Petrobras's PB Ratio distribution charts can be found below:
* The bar in red indicates where Petroleo Brasileiro Petrobras's PB Ratio falls into.
Petroleo Brasileiro Petrobras PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Petroleo Brasileiro Petrobras (BSP:PETR3) has a PB Ratio of 1.22 as of Jun. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Petroleo Brasileiro Petrobras and its competitors. This is near median its historical median of 1.13. Over the past decade, Petroleo Brasileiro Petrobras' PB Ratio has ranged from 0.54 to 1.69. According to the industry distribution chart, Petroleo Brasileiro Petrobras ranks #400 out of 923 companies in the Oil & Gas industry, placing it in the top 43.3%.
Is Petroleo Brasileiro Petrobras' PB Ratio too high?
Petroleo Brasileiro Petrobras' current PB Ratio of 1.22 is near median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 1.69. The Oil & Gas industry median PB Ratio is 1.39. Petroleo Brasileiro Petrobras' value of 1.22 is 12.2% below this industry median. Based on the distribution chart, Petroleo Brasileiro Petrobras ranks #400 out of 923 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Petroleo Brasileiro Petrobras has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Petroleo Brasileiro Petrobras' PB Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Petroleo Brasileiro Petrobras ranks #400 out of 923 companies for PB Ratio. This puts Petroleo Brasileiro Petrobras in the upper half of its industry. The industry median PB Ratio is 1.39. Petroleo Brasileiro Petrobras' value of 1.22 is 12.2% below this benchmark. Historically, Petroleo Brasileiro Petrobras' own PB Ratio has ranged from 0.54 to 1.69 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 1.39, 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 PB Ratio for an Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.39, based on 923 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Petroleo Brasileiro Petrobras's current PB Ratio of 1.22 is 12.2% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Petroleo Brasileiro Petrobras and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petroleo Brasileiro Petrobras's current PB Ratio is 1.22, which is near median its own 10-year median of 1.13. 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 (BSP:PETR3) is currently considered Fairly Valued. The stock's GF Value™ is R$38.61, compared to a current price of R$42.25 — trading 9.4% above its estimated fair value. The current PB Ratio is 1.22, which is near median its 10-year median of 1.13 and 12.2% below the Oil & Gas industry median of 1.39. Petroleo Brasileiro Petrobras' overall GF Score™ is 71/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Petroleo Brasileiro Petrobras (BSP:PETR3), the current PB Ratio is 1.22 as of Jun. 28, 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 (BSP:PETR3) Overvalued in 2026?
Based on GuruFocus' analysis, Petroleo Brasileiro Petrobras stock appears to be overvalued.
The current stock price of R$42.25 is trading 9.4% above its estimated GF Value™ of R$38.61.
GuruFocus considers Petroleo Brasileiro Petrobras to be Fairly Valued.
Key valuation signals for BSP:PETR3:
PB Ratio: 1.22 (near median its 10-year median of 1.13)
GF Value™: R$38.61 vs. price of R$42.25 (9.4% above fair value)
Industry Position: 12.2% below the Oil & Gas median (#400 of 923)
No single metric tells the full story. See the BSP:PETR3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Petroleo Brasileiro Petrobras Business Description
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.
71GF Score
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