The historical rank and industry rank for Petroleo Brasileiro Petrobras's ROE % or its related term are showing as below:
XMAD:XPBRA'
s ROE % Range Over the Past 10 Years
Min: -6.2 Med: 13.37 Max: 51.35
Current: 26.23
During the past 13 years, Petroleo Brasileiro Petrobras's highest ROE % was 51.35%. The lowest was -6.20%. And the median was 13.37%.
XMAD:XPBRA's ROE % is ranked better than 88.61% of 957
companies
in the Oil & Gas industry
Industry Median: 5.74
vs XMAD:XPBRA: 26.23
Petroleo Brasileiro Petrobras (XMAD:XPBRA) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Petroleo Brasileiro Petrobras ROE % Related Terms
Petroleo Brasileiro Petrobras ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Petroleo Brasileiro Petrobras's ROE % distribution charts can be found below:
* The bar in red indicates where Petroleo Brasileiro Petrobras's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Petroleo Brasileiro Petrobras (XMAD:XPBRA) has a ROE % of 31.22% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Petroleo Brasileiro Petrobras and its competitors. This is 134% above median its historical median of 13.37. According to the industry distribution chart, Petroleo Brasileiro Petrobras ranks #109 out of 957 companies in the Oil & Gas industry, placing it in the top 11.4%.
Is Petroleo Brasileiro Petrobras' ROE % too high?
Petroleo Brasileiro Petrobras' current ROE % of 31.22% is 134% above median its 10-year median of 13.37. The Oil & Gas industry median ROE % is 5.74. Petroleo Brasileiro Petrobras' value of 31.22% is 443.9% above this industry median. Based on the distribution chart, Petroleo Brasileiro Petrobras ranks #109 out of 957 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' ROE % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Petroleo Brasileiro Petrobras ranks #109 out of 957 companies for ROE %. This places Petroleo Brasileiro Petrobras in the top 11% of its industry — outperforming the majority of peers. The industry median ROE % is 5.74. Petroleo Brasileiro Petrobras' value of 31.22% is 443.9% above this benchmark. While the company's 10-year median is 13.37 vs. the industry median of 5.74, 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 ROE % for an Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.74, based on 957 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Petroleo Brasileiro Petrobras's current ROE % of 31.22% is 443.9% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Petroleo Brasileiro Petrobras and its competitors. For the Oil & Gas industry, the median ROE % is 5.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petroleo Brasileiro Petrobras's current ROE % is 31.22%, which is 134% above median its own 10-year median of 13.37. 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 ROE % is 31.22%, which is 134% above median its 10-year median of 13.37 and 443.9% above the Oil & Gas industry median of 5.74. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Petroleo Brasileiro Petrobras (XMAD:XPBRA), the current ROE % is 31.22% 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:
ROE %: 31.22% (134% above median its 10-year median of 13.37)
GF Value™: €5.79 vs. price of €6.59 (13.8% above fair value)
Industry Position: 443.9% above the Oil & Gas median (#109 of 957)
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.
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