B3 · BRL

BRSR6

Banco do Estado do Rio Grande do Sul SA Pfd Series B

R$15.90+4.19% (R$0.64)
Day's range
R$15.25 – R$15.99
Day's volume
R$32.4m
52-week range
R$11.66 – R$19.20

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BRSR6 in numbers

Market cap
R$7.1bn
P/E
4.24
P/B
0.55
Dividend yield (12m)
9.67%

The 12-month dividend yield of BRSR6 is 9.67%, above its 5-year average of 8.73%.

BRSR6 price history

01/10/202530/09/2026
Compare with

BRSR6 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+39.90%+58.74%+100.79%
Volatility (annualised)30.27%26.82%29.87%
Largest drawdown-22.82%-27.88%-27.88%
Positive months8/1222/3633/60

How much did investing in BRSR6 return?

R$1,000.00 invested on 01/09/2021 would be worth R$2,007.90 today.

Value today in BRSR6
R$2,007.90
Return over the period
+100.79%
Return per year
+14.96%
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.

BRSR6 fundamentals

Valuation

  • P/E
    4.24
  • P/B
    0.55
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    0.31
  • P/EBIT
    —
  • P/S
    0.31
  • P/OCF
    0.48
  • P/FCF
    6.13
  • 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
    41.06%

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 BRSR6's fair price?

Two classic value formulas, with today's numbers. The current price is R$15.90.

Graham's fair price
R$49.40
210.72% 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$16.50
3.79% above the price

R$0.99 (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.

BRSR6 indicators by year

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

Indicator20252024202320222021202020192018
P/E3.895.735.394.713.649.616.989.99
P/B0.540.400.550.420.430.721.131.23
Dividend yield7.63%9.75%6.87%9.50%9.87%4.51%6.25%9.47%
Earnings per shareR$3.92R$1.78R$2.48R$2.06R$2.65R$1.52R$3.10R$2.22
Book value per shareR$28.03R$25.48R$24.12R$23.28R$22.22R$20.17R$19.09R$18.01
ROE13.99%6.99%10.26%8.85%11.93%7.51%16.26%12.32%
Gross margin29.31%33.66%31.00%30.36%53.12%60.03%56.18%53.77%
Net margin7.39%4.43%6.79%6.47%14.12%8.40%15.74%10.74%

BRSR6 financial statements

Line202520242023202220212020
Net revenueR$21.7bnR$16.4bnR$14.9bnR$13bnR$7.7bnR$7.4bn
Cost of sales-R$15.3bn-R$10.9bn-R$10.3bn-R$9.1bn-R$3.6bn-R$3bn
Gross profitR$6.4bnR$5.5bnR$4.6bnR$4bnR$4.1bnR$4.4bn
EBITDA——————
EBIT——————
Net finance result——————
Profit before taxR$2bnR$761mR$1.2bnR$760.4mR$1.5bnR$783.6m
Income tax-R$298.8m-R$33.2m-R$165.2mR$81.8m-R$392.6m-R$163.8m
Net incomeR$1.6bnR$727.8mR$1bnR$842.2mR$1.1bnR$619.9m

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

BRSR6 against its sector

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

StockP/EP/BDividend yield (12m)ROEMarket cap
BRSR6Banco Estado Do Rio Grande Do Sul4.240.559.67%12.93%R$7.1bn
ITUB4ITAU UNIBANCO HOLDING S.A.10.432.247.15%21.50%R$511.8bn
ITUB3ITAU UNIBANCO HOLDING S.A.11.412.456.53%21.50%R$511.8bn
BPAC3BCO BTG PACTUAL S.A.15.683.481.91%22.20%R$271.9bn
BPAC5BCO BTG PACTUAL S.A.13.142.922.28%22.20%R$271.9bn
BBDC4BCO BRADESCO S.A.7.921.086.80%13.66%R$183.9bn
BBDC3BCO BRADESCO S.A.6.940.957.05%13.66%R$183.9bn

Does BRSR6 pay dividends?

Dividend yield per year

  • 4.80%2017
  • 9.47%2018
  • 6.25%2019
  • 4.51%2020
  • 9.87%2021
  • 9.50%2022
  • 6.87%2023
  • 9.75%2024
  • 7.63%2025
  • 7.37%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity11/09/202628/09/2026R$0.22
Interest on equity12/06/202626/06/2026R$0.22
Dividend04/05/202618/05/2026R$0.07
Interest on equity13/03/202626/03/2026R$0.22
Interest on equity26/12/202509/01/2026R$0.44
Interest on equity12/12/202522/12/2025R$0.37
Interest on equity12/09/202529/09/2025R$0.27
Interest on equity12/06/202526/06/2025R$0.22
Dividend05/05/202516/05/2025R$0.09
Interest on equity14/03/202526/03/2025R$0.22
Interest on equity18/12/202430/12/2024R$0.20
Interest on equity29/11/202411/12/2024R$0.24
See all 104 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity12/09/202427/09/2024R$0.12
Interest on equity14/06/202427/06/2024R$0.12
Dividend30/04/202417/05/2024R$0.18
Interest on equity15/03/202427/03/2024R$0.12
Interest on equity13/09/202329/09/2023R$0.17
Interest on equity14/06/202329/06/2023R$0.34
Dividend03/05/202319/05/2023R$0.04
Interest on equity15/03/202330/03/2023R$0.37
Interest on equity14/12/202228/12/2022R$0.02
Interest on equity12/09/202228/09/2022R$0.11
Interest on equity10/06/202228/06/2022R$0.38
Interest on equity02/05/202219/05/2022R$0.04
Dividend02/05/202219/05/2022R$0.04
Interest on equity16/03/202216/03/2022R$0.33
Interest on equity15/12/202128/12/2021R$0.17
Interest on equity03/09/202128/09/2021R$0.26
Interest on equity02/06/202102/06/2021R$0.24
Dividend30/04/202128/05/2021R$0.06
Interest on equity05/03/202105/03/2021R$0.23
Interest on equity30/12/202030/12/2020R$0.08
Interest on equity29/12/202029/12/2020R$0.05
Interest on equity10/12/202028/12/2020R$0.10
Dividend09/06/202022/06/2020R$0.18
Interest on equity10/03/202030/03/2020R$0.25
Interest on equity11/11/201909/12/2019R$0.26
Interest on equity12/08/201927/09/2019R$0.27
Interest on equity16/05/201924/06/2019R$0.28
Dividend05/06/201919/06/2019R$0.08
Dividend30/04/201930/05/2019R$0.03
Interest on equity07/03/201928/03/2019R$0.31
Interest on equity26/12/201815/01/2019R$0.11
Interest on equity06/12/201826/12/2018R$0.07
Other23/11/201823/11/2018R$0.86
Interest on equity29/10/201814/11/2018R$0.17
Interest on equity15/08/201827/09/2018R$0.22
Interest on equity14/05/201829/06/2018R$0.22
Dividend03/05/201830/05/2018R$0.05
Interest on equity26/02/201828/03/2018R$0.21
Interest on equity04/01/201820/02/2018R$0.30
Interest on equity13/11/201728/12/2017R$0.07
Interest on equity14/08/201728/09/2017R$0.20
Dividend04/05/201731/05/2017R$0.04
Interest on equity15/05/201715/05/2017R$0.20
Interest on equity13/03/201730/03/2017R$0.20
Interest on equity14/12/201629/12/2016R$0.04
Interest on equity06/09/201629/09/2016R$0.19
Interest on equity13/06/201630/06/2016R$0.19
Interest on equity10/03/201610/03/2016R$0.19
Interest on equity09/09/201509/09/2015R$0.23
Interest on equity02/06/201502/06/2015R$0.21
Interest on equity04/03/201504/03/2015R$0.19
Interest on equity03/09/201403/09/2014R$0.17
Interest on equity04/06/201404/06/2014R$0.16
Dividend30/04/201423/05/2014R$0.17
Interest on equity25/02/201425/02/2014R$0.16
Interest on equity03/09/201303/09/2013R$0.15
Interest on equity04/06/201304/06/2013R$0.15
Interest on equity04/03/201304/03/2013R$0.15
Interest on equity03/09/201203/09/2012R$0.15
Interest on equity04/06/201204/06/2012R$0.16
Interest on equity02/03/201202/03/2012R$0.16
Interest on equity01/09/201101/09/2011R$0.14
Interest on equity20/05/201120/05/2011R$0.14
Interest on equity04/03/201104/03/2011R$0.14
Interest on equity01/09/201001/09/2010R$0.13
Interest on equity04/06/201004/06/2010R$0.12
Interest on equity05/03/201005/03/2010R$0.12
Interest on equity01/09/200901/09/2009R$0.11
Interest on equity05/06/200905/06/2009R$0.12
Interest on equity11/03/200911/03/2009R$0.12
Interest on equity09/06/200809/06/2008R$0.10
Interest on equity07/05/200807/05/2008R$0.10
Interest on equity03/12/2015—R$0.25
Dividend30/04/2015—R$0.03
Interest on equity25/11/2014—R$0.17
Interest on equity22/11/2013—R$0.15
Dividend30/04/2013—R$0.08
Dividend18/12/2012—R$0.10
Interest on equity26/11/2012—R$0.15
Dividend30/04/2012—R$0.16
Dividend14/12/2011—R$0.15
Interest on equity22/11/2011—R$0.14
Dividend29/04/2011—R$0.06
Dividend15/12/2010—R$0.16
Interest on equity01/12/2010—R$0.13
Dividend30/04/2010—R$0.06
Interest on equity01/12/2009—R$0.12
Dividend31/03/2009—R$0.09
Interest on equity12/12/2008—R$0.10
Interest on equity09/09/2008—R$0.10
Dividend25/03/2008—R$0.32
Dividend14/12/2007—R$0.17
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Share consolidation23/07/20071 for 150
Bonus shares21/06/200725.00% 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$25.5m
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.
ShareholderOrdinaryPreferredTotal
Governo do Estado do Rio Grande do SulControlling98.13%0.37%49.39%
Outros1.87%99.63%50.61%

Questions about BRSR6

How much is BRSR6 today?

BRSR6 is at R$15.90 (4.19% on the day), last traded on 01/10/2026.

How much did BRSR6 pay in dividends in 2025?

BRSR6 paid R$1.16 per share in 2025, a dividend yield of 7.63%.

What are the P/E and P/B of BRSR6?

BRSR6 trades at a P/E of 4.24 and a P/B of 0.55.

How much did BRSR6 return in 12 months?

BRSR6 returned 39.90% in 12 months, with annualised volatility of 30.27% and a largest drawdown of -22.82%.