From Equinor (EQNR) with an Acquirer’s Multiple (AM) of just 2.6 and a free cash flow yield near 12%, to Petrobras (PBR) with a 4.0 AM and one of the highest dividend yields in the market, the energy sector is stacked with companies that combine low valuation multiples, high cash generation, and shareholder-friendly capital returns. This concentration is not random — sector overrepresentation analysis shows that oil & gas names appear in the low AM cohort far more frequently tha...
