B3 · BRL

BRSR5

Banco do Estado do Rio Grande do Sul SA 6 % Conv Pfd A

R$16.01-4.47% (-R$0.75)Updated 01/10/2026, 12:59

Day's range: R$16.01 – R$16.01
Day's volume: R$1.6k
52-week range: R$14.30 – R$19.67

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BRSR5 in numbers

Market cap: R$7bn

P/E: 4.27

P/B: 0.55

Dividend yield (12m): 9.84%

The 12-month dividend yield of BRSR5 is 9.84%, above its 5-year average of 7.02%.

BRSR5 price history

01/10/202530/09/2026

Compare with

BRSR5 risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+17.27%	+11.36%	+36.28%
Volatility (annualised)	47.58%	32.44%	29.55%
Largest drawdown	-16.48%	-21.41%	-21.41%
Positive months	6/12	18/36	30/60

How much did investing in BRSR5 return?

Amount invested

R$1,000.00 invested on 01/09/2021 would be worth R$1,362.80 today.

Value today in BRSR5: R$1,362.80

Return over the period: +36.28%

Return per year: +6.39%

In the Ibovespa: R$1,657.66

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

BRSR5 fundamentals

Valuation

P/E
4.27
P/B
0.55
EV/EBITDA
—
EV/EBIT
—
EV/Revenue
0.30
P/EBIT
—
P/S
0.30
P/OCF
0.47
P/FCF
6.05
Earnings yield
—
PEG ratio
0.13
Earnings per share
R$3.75
Book value per share
R$28.96

Debt

Net debt
—
Net debt/EBITDA
—
Net debt/Equity
—
Debt/Equity
—
Current ratio
1.07
Quick ratio
0.13
Cash ratio
—

Efficiency

Gross margin
28.36%
EBITDA margin
—
Operating margin
—
Net margin
7.10%
Asset turnover
0.13

Profitability

ROE
12.93%
ROA
0.95%
ROIC
—
Payout
42.04%

Growth

Revenue CAGR (5 years)
—
Earnings CAGR (5 years)
—
Revenue growth (year)
32.24%
Earnings growth (year)
120.43%
Revenue growth (quarter)
22.23%
Earnings growth (quarter)
39.29%

What is BRSR5's fair price?

Two classic value formulas, with today's numbers. The current price is R$16.01.

Graham's fair price: R$49.40; 208.59% above the price

√(22.50 × R$3.75 × R$28.96)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: R$18.67; 16.63% above the price

R$1.12 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

BRSR5 indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	3.65	8.32	7.23	8.54	6.34	13.12	8.02	10.81
P/B	0.51	0.58	0.74	0.76	0.76	0.99	1.30	1.33
Dividend yield	10.05%	6.85%	5.21%	5.08%	7.89%	2.75%	5.64%	5.39%
Earnings per share	R$3.92	R$1.78	R$2.48	R$2.06	R$2.65	R$1.52	R$3.10	R$2.22
Book value per share	R$28.03	R$25.48	R$24.12	R$23.28	R$22.22	R$20.17	R$19.09	R$18.01
ROE	13.99%	6.99%	10.26%	8.85%	11.93%	7.51%	16.26%	12.32%
Gross margin	29.31%	33.66%	31.00%	30.36%	53.12%	60.03%	56.18%	53.77%
Net margin	7.39%	4.43%	6.79%	6.47%	14.12%	8.40%	15.74%	10.74%

BRSR5 financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	R$21.7bn	R$16.4bn	R$14.9bn	R$13bn	R$7.7bn	R$7.4bn
Cost of sales	-R$15.3bn	-R$10.9bn	-R$10.3bn	-R$9.1bn	-R$3.6bn	-R$3bn
Gross profit	R$6.4bn	R$5.5bn	R$4.6bn	R$4bn	R$4.1bn	R$4.4bn
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Net finance result	—	—	—	—	—	—
Profit before tax	R$2bn	R$761m	R$1.2bn	R$760.4m	R$1.5bn	R$783.6m
Income tax	-R$298.8m	-R$33.2m	-R$165.2m	R$81.8m	-R$392.6m	-R$163.8m
Net income	R$1.6bn	R$727.8m	R$1bn	R$842.2m	R$1.1bn	R$619.9m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

BRSR5 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

Stock	P/E	P/B	Dividend yield (12m)	ROE	Market cap
BRSR5Banco Estado Do Rio Grande Do Sul	4.27	0.55	9.84%	12.93%	R$7bn
ITUB4ITAU UNIBANCO HOLDING S.A.	10.43	2.24	7.15%	21.50%	R$511.8bn
ITUB3ITAU UNIBANCO HOLDING S.A.	11.41	2.45	6.53%	21.50%	R$511.8bn
BPAC3BCO BTG PACTUAL S.A.	15.68	3.48	1.91%	22.20%	R$271.9bn
BPAC5BCO BTG PACTUAL S.A.	13.14	2.92	2.28%	22.20%	R$271.9bn
BBDC3BCO BRADESCO S.A.	6.94	0.95	7.05%	13.66%	R$183.9bn
BBDC4BCO BRADESCO S.A.	7.92	1.08	6.80%	13.66%	R$183.9bn

Does BRSR5 pay dividends?

Dividend yield per year

3.25%2017
5.39%2018
5.64%2019
2.75%2020
7.89%2021
5.08%2022
5.21%2023
6.85%2024
10.05%2025
7.55%2026

Payment history
Type	Last day to own	Payment	Per share
Interest on equity	11/09/2026	28/09/2026	R$0.22
Interest on equity	12/06/2026	26/06/2026	R$0.22
Dividend	04/05/2026	18/05/2026	R$0.09
Interest on equity	13/03/2026	26/03/2026	R$0.22
Interest on equity	26/12/2025	09/01/2026	R$0.46
Interest on equity	12/12/2025	22/12/2025	R$0.37
Interest on equity	12/09/2025	29/09/2025	R$0.27
Interest on equity	12/06/2025	26/06/2025	R$0.22
Dividend	05/05/2025	16/05/2025	R$0.36
Interest on equity	14/03/2025	26/03/2025	R$0.22
Interest on equity	18/12/2024	30/12/2024	R$0.20
Interest on equity	29/11/2024	11/12/2024	R$0.24

See all 128 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Interest on equity	12/09/2024	27/09/2024	R$0.12
Interest on equity	14/06/2024	27/06/2024	R$0.12
Dividend	30/04/2024	17/05/2024	R$0.20
Interest on equity	15/03/2024	27/03/2024	R$0.12
Interest on equity	13/09/2023	29/09/2023	R$0.18
Interest on equity	14/06/2023	29/06/2023	R$0.34
Dividend	03/05/2023	19/05/2023	R$0.04
Interest on equity	15/03/2023	30/03/2023	R$0.37
Interest on equity	14/12/2022	28/12/2022	R$0.03
Interest on equity	12/09/2022	28/09/2022	R$0.12
Interest on equity	10/06/2022	28/06/2022	R$0.38
Dividend	02/05/2022	19/05/2022	R$0.04
Interest on equity	16/03/2022	28/03/2022	R$0.33
Interest on equity	15/12/2021	28/12/2021	R$0.18
Interest on equity	03/09/2021	28/09/2021	R$0.26
Interest on equity	02/06/2021	28/06/2021	R$0.24
Dividend	30/04/2021	28/05/2021	R$0.29
Interest on equity	05/03/2021	18/03/2021	R$0.23
Interest on equity	29/12/2020	20/01/2021	R$0.05
Interest on equity	30/12/2020	19/01/2021	R$0.08
Interest on equity	10/12/2020	28/12/2020	R$0.10
Dividend	09/06/2020	22/06/2020	R$0.20
Interest on equity	10/03/2020	30/03/2020	R$0.25
Interest on equity	11/11/2019	09/12/2019	R$0.29
Interest on equity	12/08/2019	27/09/2019	R$0.28
Interest on equity	16/05/2019	24/06/2019	R$0.28
Dividend	05/06/2019	19/06/2019	R$0.08
Dividend	30/04/2019	30/05/2019	R$0.04
Interest on equity	07/03/2019	28/03/2019	R$0.31
Interest on equity	26/12/2018	15/01/2019	R$0.12
Interest on equity	06/12/2018	26/12/2018	R$0.08
Interest on equity	29/10/2018	14/11/2018	R$0.19
Interest on equity	15/08/2018	27/09/2018	R$0.22
Interest on equity	14/05/2018	29/06/2018	R$0.22
Dividend	03/05/2018	30/05/2018	R$0.05
Interest on equity	26/02/2018	28/03/2018	R$0.21
Interest on equity	04/01/2018	20/02/2018	R$0.33
Interest on equity	13/11/2017	28/12/2017	R$0.07
Interest on equity	14/08/2017	28/09/2017	R$0.20
Interest on equity	15/05/2017	28/06/2017	R$0.20
Dividend	04/05/2017	31/05/2017	R$0.04
Interest on equity	13/03/2017	30/03/2017	R$0.20
Interest on equity	14/12/2016	29/12/2016	R$0.04
Interest on equity	06/09/2016	29/09/2016	R$0.19
Interest on equity	13/06/2016	30/06/2016	R$0.19
Interest on equity	10/03/2016	29/03/2016	R$0.19
Interest on equity	03/12/2015	28/12/2015	R$0.27
Interest on equity	09/09/2015	28/09/2015	R$0.23
Interest on equity	04/03/2015	30/03/2015	R$0.19
Interest on equity	25/11/2014	17/12/2014	R$0.17
Dividend	30/04/2014	22/05/2014	R$0.19
Interest on equity	25/02/2014	21/03/2014	R$0.16
Dividend	30/04/2013	28/05/2013	R$0.09
Interest on equity	04/03/2013	27/03/2013	R$0.15
Interest on equity	26/11/2012	14/12/2012	R$0.16
Interest on equity	03/09/2012	27/09/2012	R$0.15
Dividend	14/12/2011	26/12/2011	R$0.16
Interest on equity	22/11/2011	16/12/2011	R$0.15
Dividend	29/04/2011	31/05/2011	R$0.06
Interest on equity	01/12/2010	21/12/2010	R$0.14
Interest on equity	04/06/2010	30/06/2010	R$0.12
Interest on equity	05/03/2010	31/03/2010	R$0.12
Interest on equity	01/12/2009	21/12/2009	R$0.12
Interest on equity	01/09/2009	28/09/2009	R$0.11
Dividend	31/03/2009	24/04/2009	R$0.10
Interest on equity	11/03/2009	31/03/2009	R$0.12
Interest on equity	09/06/2008	30/06/2008	R$0.10
Dividend	14/12/2007	27/12/2007	R$0.19
Other	23/11/2018	—	R$0.86
Interest on equity	02/06/2015	—	R$0.21
Dividend	30/04/2015	—	R$0.03
Interest on equity	03/09/2014	—	R$0.17
Interest on equity	04/06/2014	—	R$0.16
Interest on equity	22/11/2013	—	R$0.16
Interest on equity	03/09/2013	—	R$0.15
Interest on equity	04/06/2013	—	R$0.15
Dividend	18/12/2012	—	R$0.11
Interest on equity	04/06/2012	—	R$0.16
Dividend	30/04/2012	—	R$0.18
Interest on equity	02/03/2012	—	R$0.16
Interest on equity	01/09/2011	—	R$0.14
Interest on equity	20/05/2011	—	R$0.14
Interest on equity	04/03/2011	—	R$0.14
Dividend	15/12/2010	—	R$0.17
Interest on equity	01/09/2010	—	R$0.13
Dividend	30/04/2010	—	R$0.07
Interest on equity	05/06/2009	—	R$0.12
Interest on equity	12/12/2008	—	R$0.11
Interest on equity	09/09/2008	—	R$0.10
Interest on equity	07/05/2008	—	R$0.10
Dividend	25/03/2008	—	R$0.36
Interest on equity	28/06/2007	—	R$0.49
Interest on equity	10/04/2007	—	R$1.99
Interest on equity	06/12/2006	—	R$2.81
Interest on equity	18/05/2006	—	R$0.50
Interest on equity	24/03/2006	—	R$1.01
Interest on equity	20/03/2006	—	R$0.97
Interest on equity	29/12/2005	—	R$3.41
Interest on equity	23/08/2005	—	R$0.25
Interest on equity	23/03/2005	—	R$0.65
Interest on equity	15/02/2005	—	R$1.62
Interest on equity	25/03/2004	—	R$1.88
Interest on equity	19/12/2003	—	R$0.02
Interest on equity	10/12/2003	—	R$2.91
Interest on equity	22/10/2003	—	R$0.44
Interest on equity	25/03/2003	—	R$0.24
Interest on equity	19/03/2003	—	R$1.22
Interest on equity	01/11/2002	—	R$0.33
Interest on equity	23/04/2002	—	R$0.58
Interest on equity	21/03/2002	—	R$0.68
Interest on equity	24/10/2001	—	R$1.27
Interest on equity	13/12/2000	—	R$1.36
Interest on equity	06/01/2000	—	R$0.37
Interest on equity	17/12/1999	—	R$0.37
Dividend	20/08/1996	—	R$0.74
Dividend	14/02/1996	—	R$1.05

Splits, share consolidations and bonus shares
Event	Last day to own	Ratio
Share consolidation	23/07/2007	1 for 150
Split	22/06/2007	5 for 4
Bonus shares	21/06/2007	-99.33% in shares

About Banco Estado Do Rio Grande Do Sul

Listing segment: Level 1
Tag along: Set by the bylaws
Free float: 50.61%
Shares issued: 205.06m ordinary · 203.91m preferred
Average daily trading: R$3.7k
Listed since: 16/09/1931
CNPJ: 92.702.067/0001-96

ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
Shareholder	Ordinary	Preferred	Total
Governo do Estado do Rio Grande do SulControlling	98.13%	0.37%	49.39%
Outros	1.87%	99.63%	50.61%

Questions about BRSR5

How much is BRSR5 today?

BRSR5 is at R$16.01 (-4.47% on the day), last traded on 01/10/2026.

How much did BRSR5 pay in dividends in 2025?

BRSR5 paid R$1.44 per share in 2025, a dividend yield of 10.05%.

What are the P/E and P/B of BRSR5?

BRSR5 trades at a P/E of 4.27 and a P/B of 0.55.

How much did BRSR5 return in 12 months?

BRSR5 returned 17.27% in 12 months, with annualised volatility of 47.58% and a largest drawdown of -16.48%.