PBR vs. VALE

Last updated Apr 1, 2026

Compare and contrast key facts about Petróleo Brasileiro S.A. - Petrobras (PBR) and Vale S.A. (VALE).

Performance

PBR vs. VALE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Petróleo Brasileiro S.A. - Petrobras (PBR) and Vale S.A. (VALE). The values are adjusted to include any dividend payments, if applicable.

PBR vs. VALE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBR Petróleo Brasileiro S.A. - Petrobras	75.11%	-1.01%	-8.38%	71.48%	47.76%	20.44%	-28.83%	24.65%	27.68%	1.78%
VALE Vale S.A.	22.10%	60.70%	-38.83%	1.57%	32.54%	-1.45%	32.40%	2.72%	12.25%	68.03%

Fundamentals

Market Cap PBR : $133.72B VALE : $67.92B
EPS PBR : $3.12 VALE : $0.54
PE Ratio PBR : 6.65 VALE : 29.65
PS Ratio PBR : 1.47 VALE : 1.77
PB Ratio PBR : 1.76 VALE : 2.02
Total Revenue (TTM) PBR : $90.81B VALE : $38.39B
Gross Profit (TTM) PBR : $43.25B VALE : $13.26B
EBITDA (TTM) PBR : $43.02B VALE : $13.88B

Returns By Period

In the year-to-date period, PBR achieves a 75.11% return, which is significantly higher than VALE's 22.10% return. Over the past 10 years, PBR has outperformed VALE with an annualized return of 25.41%, while VALE has yielded a comparatively lower 21.95% annualized return.

PBR

• 1D: -0.29%
• 1M: 24.77%
• YTD: 75.11%
• 6M: 67.34%
• 1Y: 55.45%
• 3Y*: 40.62%
• 5Y*: 45.76%
• 10Y*: 25.41%

VALE

• 1D: 5.36%
• 1M: -7.39%
• YTD: 22.10%
• 6M: 49.12%
• 1Y: 67.78%
• 3Y*: 8.64%
• 5Y*: 8.31%
• 10Y*: 21.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PBR vs. VALE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PBR

PBR Risk / Return Rank: 83
PBR Sharpe Ratio Rank: 88
PBR Sortino Ratio Rank: 83
PBR Omega Ratio Rank: 84
PBR Calmar Ratio Rank: 82
PBR Martin Ratio Rank: 77

VALE

VALE Risk / Return Rank: 89
VALE Sharpe Ratio Rank: 91
VALE Sortino Ratio Rank: 88
VALE Omega Ratio Rank: 87
VALE Calmar Ratio Rank: 88
VALE Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PBR vs. VALE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Petróleo Brasileiro S.A. - Petrobras (PBR) and Vale S.A. (VALE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PBR	VALE	Difference
Sharpe ratio Return per unit of total volatility	1.70	2.07	-0.38
Sortino ratio Return per unit of downside risk	2.21	2.61	-0.40
Omega ratio Gain probability vs. loss probability	1.31	1.35	-0.03
Calmar ratio Return relative to maximum drawdown	2.46	3.36	-0.91
Martin ratio Return relative to average drawdown	4.75	11.28	-6.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBR vs. VALE - Sharpe Ratio Comparison

The current PBR Sharpe Ratio is 1.70, which is comparable to the VALE Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of PBR and VALE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PBR	VALE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	2.07	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.21	0.23	+0.98
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.52	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.31	-0.10

Correlation

The correlation between PBR and VALE is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PBR vs. VALE - Dividend Comparison

PBR's dividend yield for the trailing twelve months is around 4.05%, more than VALE's 3.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PBR Petróleo Brasileiro S.A. - Petrobras	4.05%	7.10%	14.73%	10.91%	55.64%	18.95%	0.84%	1.59%	1.03%	0.00%	0.00%	0.00%
VALE Vale S.A.	3.61%	7.29%	11.41%	7.75%	8.63%	19.70%	2.72%	2.63%	4.16%	3.77%	1.06%	7.48%

Drawdowns

PBR vs. VALE - Drawdown Comparison

The maximum PBR drawdown since its inception was -95.62%, roughly equal to the maximum VALE drawdown of -92.78%. Use the drawdown chart below to compare losses from any high point for PBR and VALE.

Drawdown Indicators

	PBR	VALE	Difference
Max Drawdown Largest peak-to-trough decline	-95.62%	-92.78%	-2.84%
Max Drawdown (1Y) Largest decline over 1 year	-22.41%	-19.85%	-2.56%
Max Drawdown (5Y) Largest decline over 5 years	-39.62%	-49.79%	+10.17%
Max Drawdown (10Y) Largest decline over 10 years	-75.13%	-57.60%	-17.53%
Current Drawdown Current decline from peak	-14.69%	-9.24%	-5.45%
Average Drawdown Average peak-to-trough decline	-52.99%	-36.95%	-16.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.58%	5.92%	+5.66%

Volatility

PBR vs. VALE - Volatility Comparison

The current volatility for Petróleo Brasileiro S.A. - Petrobras (PBR) is 11.44%, while Vale S.A. (VALE) has a volatility of 13.54%. This indicates that PBR experiences smaller price fluctuations and is considered to be less risky than VALE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBR	VALE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.44%	13.54%	-2.10%
Volatility (6M) Calculated over the trailing 6-month period	21.99%	24.51%	-2.52%
Volatility (1Y) Calculated over the trailing 1-year period	32.81%	32.86%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.03%	35.65%	+2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.66%	42.24%	+5.42%

Financials

PBR vs. VALE - Profitability Comparison

The chart below illustrates the profitability comparison between Petróleo Brasileiro S.A. - Petrobras and Vale S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PBR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Petróleo Brasileiro S.A. - Petrobras reported a gross profit of 11.64B and revenue of 25.22B. Therefore, the gross margin over that period was 46.1%.

VALE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Vale S.A. reported a gross profit of 4.08B and revenue of 11.06B. Therefore, the gross margin over that period was 36.9%.

PBR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Petróleo Brasileiro S.A. - Petrobras reported an operating income of 5.24B and revenue of 25.22B, resulting in an operating margin of 20.8%.

VALE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Vale S.A. reported an operating income of 2.91B and revenue of 11.06B, resulting in an operating margin of 26.3%.

PBR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Petróleo Brasileiro S.A. - Petrobras reported a net income of 3.36B and revenue of 25.22B, resulting in a net margin of 13.3%.

VALE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Vale S.A. reported a net income of -3.90B and revenue of 11.06B, resulting in a net margin of -35.3%.