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Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Cyclically Adjusted PS Ratio : 1.14 (As of Apr. 27, 2024)


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What is Petroleo Brasileiro Petrobras Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Petroleo Brasileiro Petrobras's current share price is $17.05. Petroleo Brasileiro Petrobras's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $14.97. Petroleo Brasileiro Petrobras's Cyclically Adjusted PS Ratio for today is 1.14.

The historical rank and industry rank for Petroleo Brasileiro Petrobras's Cyclically Adjusted PS Ratio or its related term are showing as below:

PBR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.71   Max: 1.21
Current: 1.21

During the past years, Petroleo Brasileiro Petrobras's highest Cyclically Adjusted PS Ratio was 1.21. The lowest was 0.18. And the median was 0.71.

PBR's Cyclically Adjusted PS Ratio is ranked worse than
57.69% of 754 companies
in the Oil & Gas industry
Industry Median: 0.895 vs PBR: 1.21

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Petroleo Brasileiro Petrobras's adjusted revenue per share data for the three months ended in Dec. 2023 was $3.716. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $14.97 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Petroleo Brasileiro Petrobras Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Petroleo Brasileiro Petrobras's Cyclically Adjusted PS Ratio 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.

* Premium members only.

Petroleo Brasileiro Petrobras Cyclically Adjusted PS Ratio Chart

Petroleo Brasileiro Petrobras Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.05 0.96 0.93 0.78 1.07

Petroleo Brasileiro Petrobras Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PS Ratio 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 0.78 0.72 0.90 1.03 1.07

Competitive Comparison of Petroleo Brasileiro Petrobras's Cyclically Adjusted PS Ratio

For the Oil & Gas Integrated subindustry, Petroleo Brasileiro Petrobras's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petroleo Brasileiro Petrobras's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Petroleo Brasileiro Petrobras's Cyclically Adjusted PS Ratio falls into.



Petroleo Brasileiro Petrobras Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Petroleo Brasileiro Petrobras's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17.05/14.97
=1.14

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Petroleo Brasileiro Petrobras's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.716/156.2729*156.2729
=3.716

Current CPI (Dec. 2023) = 156.2729.

Petroleo Brasileiro Petrobras Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 5.154 90.447 8.905
201406 5.872 91.838 9.992
201409 6.442 92.602 10.871
201412 6.511 94.194 10.802
201503 4.101 97.799 6.553
201506 4.004 100.006 6.257
201509 4.090 101.392 6.304
201512 3.165 104.247 4.745
201603 2.689 106.979 3.928
201606 2.955 108.851 4.242
201609 3.316 109.986 4.712
201612 3.169 110.802 4.469
201703 3.357 111.869 4.689
201706 3.203 112.115 4.465
201709 3.538 112.777 4.903
201712 2.342 114.068 3.209
201803 3.550 114.868 4.830
201806 3.261 117.038 4.354
201809 3.408 117.881 4.518
201812 2.890 118.340 3.816
201903 2.946 120.124 3.833
201906 2.811 120.977 3.631
201909 3.006 121.292 3.873
201912 2.700 123.436 3.418
202003 2.795 124.092 3.520
202006 1.514 123.557 1.915
202009 2.103 125.095 2.627
202012 1.640 129.012 1.987
202103 2.467 131.660 2.928
202106 3.172 133.871 3.703
202109 3.659 137.913 4.146
202112 3.885 141.992 4.276
202203 3.998 146.537 4.264
202206 5.464 149.784 5.701
202209 5.117 147.800 5.410
202212 4.356 150.207 4.532
202303 4.016 153.352 4.092
202306 3.527 154.519 3.567
202309 4.004 155.464 4.025
202312 3.716 156.273 3.716

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

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.


Petroleo Brasileiro Petrobras  (NYSE:PBR) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Petroleo Brasileiro Petrobras Cyclically Adjusted PS Ratio Related Terms

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Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Business Description

Address
Avenida Republica do Chile, 65, Rio de Janeiro, RJ, BRA, 20031-912
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.