COMP <GO>

PBR vs TTE // ALTMAN Z-SCORE & DEBT/EQUITY

Petroleo Brasileiro S.A. Petrobras ADS (NYSE) VS. TotalEnergies SE (NYSE) • 15-METRIC TALLY: PBR 4 — TTE 3

■ METRIC PARITY

LAST: $22.05 (+0.68%) • MKT CAP: $141.13B

balance-sheet

3.74

LAST: $95.33 (+1.38%) • MKT CAP: $205.16B

balance-sheet

3.74

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (PBR VS. TTE) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	PBR	TTE	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.90%	9.90%	0.00	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	21.0x	21.0x	0.00	TIE	/valuation <GO>
Free Cash Flow Yield	2.21%	2.21%	0.00	TIE	/fcf-yield <GO>
Operating Margin	13.90%	13.90%	0.00	TIE	/operating-margins <GO>
Net Profit Margin	10.90%	10.90%	0.00	TIE	/net-margins <GO>
Revenue Growth (YoY)	14.30%	2.20%	+12.10	PBR	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity ACTIVE	3.74	3.74	0.00	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	7/9	+1.00	PBR	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.60%	6.80%	-0.20	PBR	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	40.8	67.8	-27.04	TTE	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.90	0.97	-0.07	TTE	/macro-sensitivity <GO>
Forward P/E Multiple	27.6x	30.5x	-2.90	PBR	/forward-pe <GO>
Enterprise Scale & Market Cap	$141.13B	$205.16B	-$64.03B	TTE	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	PBR REV	TTE REV	PBR GROSS %	TTE GROSS %	PBR FCF	TTE FCF
INSPECT INDIVIDUAL XBRL MODELS AT PBR FA <GO> AND TTE FA <GO>.

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

PBR // BETA 0.90

TTE // BETA 0.97