Petroleo Brasileiro SA Petrobras ADR (PBR) is undervalued and Suncor Energy Inc (SU) is slightly undervalued.
Against our estimates of intrinsic value, PBR trades at the wider discount: a margin of safety of +62%, against +10% for SU.
Values as of the 19 Oct 2026 close.
Discounting its cash flows at 7.3% (average of 3 methods) values the shares at $67.32; the price of $25.56 is 62% below that value, and 81% of that value comes from beyond year five.
Leak Score 79/100 on 12 of 12 signals
Discounting its cash flows at 7.2% (average of 3 methods) values the shares at $87.03; the price of $78.39 is 10% below that value, and 82% of that value comes from beyond year five.
Leak Score 69/100 on 10 of 12 signals
| Metric | PBR | SU |
|---|---|---|
| Verdict | Undervalued | Slightly undervalued |
| Price | $25.56 | $78.39 |
| Intrinsic value | $67.32 | $87.03 |
| Margin of safety | +62% | +10% |
| Leak Score | 79/100 (12/12) | 69/100 (10/12) |
| Market cap | $95.1B | $91.7B |
| Revenue growth, 5 years | 11.0% | 13.7% |
| Operating margin | 34.8% | 21.9% |
| Net margin | 24.5% | 15.8% |
| Return on equity | 30.7% | 19.4% |
| Debt to equity | 0.76 | 0.30 |
| P/E | 6.5x | 14.4x |
| Forward P/E | 6.4x | 11.2x |
| P/B | 1.8x | 2.7x |
| Dividend yield | 6.9% | 2.2% |