Key Highlights

  • Petrobras Class A (NYSE:PBR-A) traded at USD 22.53 on October 13, 2026, down 0.42% on 11.921 million shares (1.5 times the 3-month average), valued at USD 151.582 billion, with a P/E of 5.20 and a PEG of -3.21.
  • The Class A depositary shares are tied to Petrobras preferred stock, and at USD 22.53 they trade about 11% below the USD 25.36 price of the common share ADR, simple arithmetic on two published quotes.
  • No company release dated October 13, 2026 was found for the 0.42% decline on volume about 1.5 times average, and the drivers this month are Brazil's election result, oil prices and new discoveries.
  • A P/E of 5.20 and a PEG of -3.21 are low and negative respectively, so the P/E is the usable figure, with third quarter results due on November 10, 2026.

Catalyst and Latest Updates

Petrobras Class A (NYSE:PBR-A) fell USD 0.10 to USD 22.53 on 11.921 million shares, about 1.5 times its 3-month average of 7.751 million. No release dated October 13, 2026 was found, so no catalyst is identified. Both share classes belong to the same company, and the recent news applies to each: a new oil discovery off Amapa, a 22-year LNG supply agreement with Cheniere, a flexible pipe contract for TechnipFMC and a rally of about 11.5% in one session in early October tied by published reports to Brazil's election result. A runoff is scheduled for October 25, 2026. UBS raised its target on the common ADR to USD 23 from USD 22 on September 23.

What the Valuation Figures Mean

Petrobras has common shares, which carry voting rights, and preferred shares, which generally carry no vote but a priority claim on dividends. The Class A ADR represents the preferred shares, so the two lines share earnings but trade at different prices. The identical P/E of 5.20 reflects that both lines draw on the same company profit, while the PEG of -3.21 is negative and not usable. The company's trailing net income is about USD 25.7 billion, up about 72%, per published data, which is why the earnings growth filter passes. The market value of USD 151.582 billion is a published figure for the class. Because the two lines represent different share types, they can diverge even when the company news is identical.

Risks and What to Watch

The risks are those of Petrobras as a whole: government influence over pricing and dividends, oil price swings and the outcome of the October 25 runoff. The preferred class adds a further question, which is how dividends are shared between classes, and investors should read the company's rules and filings for the exact terms. The discount of about 11% to the common ADR is not a promise of convergence. Third quarter results on November 10, 2026 will show production, earnings and the dividend, which drive both lines. The share structure also means that corporate actions, such as dividends or any restructuring of classes, can affect the two lines differently, so investors should check which line they hold.

Where Things Stand

The answer is that the Class A line is the preferred share of the same company, and it trades about 11% below the common ADR with no October 13 catalyst found for its 0.42% decline. Petrobras Class A (NYSE:PBR-A) shares the P/E of 5.20, but political risk and dividend policy decide the value. Results on November 10, 2026 are the next test. Neither line is a recommendation.