ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Petroleo Brasileiro Petrobras's annualizedNet Income for the quarter that ended in Mar. 2026 was €21,610 Mil.
Petroleo Brasileiro Petrobras's average Total Assets over the quarter that ended in Mar. 2026 was €198,400 Mil. Therefore, Petroleo Brasileiro Petrobras's annualized ROA % for the quarter that ended in Mar. 2026 was 10.89%.
The historical rank and industry rank for Petroleo Brasileiro Petrobras's ROA % or its related term are showing as below:
XMAD:XPBRA'
s ROA % Range Over the Past 10 Years
Min: -1.83 Med: 4.43 Max: 19.75
Current: 9.08
During the past 13 years, Petroleo Brasileiro Petrobras's highest ROA % was 19.75%. The lowest was -1.83%. And the median was 4.43%.
XMAD:XPBRA's ROA % is ranked better than 84.59% of 1025
companies
in the Oil & Gas industry
Industry Median: 1.89
vs XMAD:XPBRA: 9.08
Petroleo Brasileiro Petrobras (XMAD:XPBRA) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Petroleo Brasileiro Petrobras ROA % Related Terms
Petroleo Brasileiro Petrobras ROA % 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Petroleo Brasileiro Petrobras's ROA % distribution charts can be found below:
* The bar in red indicates where Petroleo Brasileiro Petrobras's ROA % falls into.
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Petroleo Brasileiro Petrobras (XMAD:XPBRA) has a ROA % of 10.89% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Petroleo Brasileiro Petrobras and its competitors. This is 146% above median its historical median of 4.43. According to the industry distribution chart, Petroleo Brasileiro Petrobras ranks #158 out of 1025 companies in the Oil & Gas industry, placing it in the top 15.4%.
Is Petroleo Brasileiro Petrobras' ROA % too high?
Petroleo Brasileiro Petrobras' current ROA % of 10.89% is 146% above median its 10-year median of 4.43. The Oil & Gas industry median ROA % is 1.89. Petroleo Brasileiro Petrobras' value of 10.89% is 476.2% above this industry median. Based on the distribution chart, Petroleo Brasileiro Petrobras ranks #158 out of 1025 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Petroleo Brasileiro Petrobras has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Petroleo Brasileiro Petrobras' ROA % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Petroleo Brasileiro Petrobras ranks #158 out of 1025 companies for ROA %. This places Petroleo Brasileiro Petrobras in the top 15% of its industry — outperforming the majority of peers. The industry median ROA % is 1.89. Petroleo Brasileiro Petrobras' value of 10.89% is 476.2% above this benchmark. While the company's 10-year median is 4.43 vs. the industry median of 1.89, Petroleo Brasileiro Petrobras has consistently been above 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 ROA % for an Oil & Gas company?
The median ROA % among Oil & Gas companies is 1.89, based on 1,025 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Petroleo Brasileiro Petrobras's current ROA % of 10.89% is 476.2% above 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Petroleo Brasileiro Petrobras and its competitors. For the Oil & Gas industry, the median ROA % is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petroleo Brasileiro Petrobras's current ROA % is 10.89%, which is 146% above median its own 10-year median of 4.43. 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:XPBRA) is currently considered Modestly Overvalued. The stock's GF Value™ is €5.79, compared to a current price of €6.59 — trading 13.8% above its estimated fair value. The current ROA % is 10.89%, which is 146% above median its 10-year median of 4.43 and 476.2% above the Oil & Gas industry median of 1.89. Petroleo Brasileiro Petrobras' overall GF Score™ is 60/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Petroleo Brasileiro Petrobras (XMAD:XPBRA), the current ROA % is 10.89% 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:XPBRA) Overvalued in 2026?
Based on GuruFocus' analysis, Petroleo Brasileiro Petrobras stock appears to be overvalued.
The current stock price of €6.59 is trading 13.8% above its estimated GF Value™ of €5.79.
GuruFocus considers Petroleo Brasileiro Petrobras to be Modestly Overvalued.
Key valuation signals for XMAD:XPBRA:
ROA %: 10.89% (146% above median its 10-year median of 4.43)
GF Value™: €5.79 vs. price of €6.59 (13.8% above fair value)
Industry Position: 476.2% above the Oil & Gas median (#158 of 1025)
No single metric tells the full story. See the XMAD:XPBRA 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.
60GF Score
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