Create a free account

B3 · BRL

GGBR3

Gerdau S.A.

R$20.64-0.05% (-R$0.01)
Day's range
R$20.60 – R$21.04
Day's volume
R$249.7k
52-week range
R$14.75 – R$22.62

Follow GGBR3 on Fuolio

See how GGBR3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

Create a free account

GGBR3 in numbers

Market cap
R$45.4bn
P/E
18.25
P/B
0.76
Dividend yield (12m)
3.83%
Net debt/EBITDA
1.43

The 12-month dividend yield of GGBR3 is 3.83%, below its 5-year average of 10.83%.

GGBR3 price history

01/10/202530/09/2026
Compare with

GGBR3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+34.29%+40.98%+77.37%
Volatility (annualised)27.44%21.86%29.16%
Largest drawdown-7.31%-24.72%-26.94%
Positive months6/1219/3633/60

How much did investing in GGBR3 return?

R$1,000.00 invested on 01/09/2021 would be worth R$1,838.12 today.

Value today in GGBR3
R$1,838.12
Return over the period
+83.81%
Return per year
+12.95%
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.

GGBR3 fundamentals

Valuation

  • P/E
    18.25
  • P/B
    0.76
  • EV/EBITDA
    6.64
  • EV/EBIT
    11.51
  • EV/Revenue
    0.83
  • P/EBIT
    9.02
  • P/S
    0.65
  • P/OCF
    4.98
  • P/FCF
    12.79
  • Earnings yield
    8.69%
  • PEG ratio
    —
  • Earnings per share
    R$1.13
  • Book value per share
    R$27.07

Debt

  • Net debt
    R$12.5bn
  • Net debt/EBITDA
    1.43
  • Net debt/Equity
    0.23
  • Debt/Equity
    0.33
  • Current ratio
    2.87
  • Quick ratio
    1.30
  • Cash ratio
    0.53

Efficiency

  • Gross margin
    13.10%
  • EBITDA margin
    12.55%
  • Operating margin
    7.24%
  • Net margin
    3.27%
  • Asset turnover
    0.85

Profitability

  • ROE
    4.18%
  • ROA
    2.78%
  • ROIC
    4.51%
  • Payout
    69.85%

Growth

  • Revenue CAGR (5 years)
    2.55%
  • Earnings CAGR (5 years)
    -22.88%
  • Revenue growth (year)
    4.22%
  • Earnings growth (year)
    -69.62%
  • Revenue growth (quarter)
    0.64%
  • Earnings growth (quarter)
    -31.57%

What is GGBR3's fair price?

Two classic value formulas, with today's numbers. The current price is R$20.64.

Graham's fair price
R$26.25
27.16% above the price

√(22.50 × R$1.13 × R$27.07)

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$33.00
59.88% above the price

R$1.98 (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.

GGBR3 indicators by year

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

Indicator20252024202320222021202020192018
P/E25.007.546.003.772.4914.7424.449.14
P/B0.640.590.910.930.901.121.080.81
EV/EBITDA6.324.113.782.502.076.248.005.75
Dividend yield3.55%4.71%9.04%18.66%18.17%0.93%2.06%3.91%
Earnings per shareR$0.70R$2.25R$3.56R$6.50R$9.01R$1.38R$0.70R$1.34
Book value per shareR$27.10R$28.68R$23.35R$26.35R$24.90R$18.08R$15.80R$15.08
ROE2.58%7.85%15.24%24.68%36.19%7.61%4.43%8.88%
ROIC3.18%9.36%15.16%23.41%30.44%8.09%5.81%10.37%
Gross margin11.41%13.73%16.44%22.75%26.57%13.54%10.60%13.32%
EBITDA margin10.63%15.83%19.71%25.06%30.05%17.43%13.26%12.87%
Net margin1.99%6.81%10.89%13.86%19.78%5.40%3.04%4.99%
Net debt/EBITDA1.650.870.470.420.431.672.412.21

GGBR3 financial statements

Line202520242023202220212020
Net revenueR$69.9bnR$67bnR$68.9bnR$82.4bnR$78.3bnR$43.8bn
Cost of sales-R$61.9bn-R$57.8bn-R$57.6bn-R$63.7bn-R$57.5bn-R$37.9bn
Gross profitR$8bnR$9.2bnR$11.3bnR$18.8bnR$20.8bnR$5.9bn
EBITDAR$7.4bnR$10.6bnR$13.6bnR$20.7bnR$23.5bnR$7.6bn
EBITR$3.7bnR$7.5bnR$10.5bnR$17.8bnR$21bnR$5.2bn
Net finance result-R$1.2bn-R$2bn-R$1.1bn-R$1.9bn-R$750.5m-R$1.7bn
Profit before taxR$2.5bnR$5.5bnR$9.3bnR$15.9bnR$20.3bnR$3.5bn
Income tax-R$1.1bn-R$864.7m-R$1.8bn-R$4.4bn-R$4.7bn-R$1.1bn
Net incomeR$1.4bnR$4.6bnR$7.5bnR$11.4bnR$15.5bnR$2.4bn

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

GGBR3 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
GGBR3Gerdau18.250.763.83%4.18%R$45.4bn
GGBR4GERDAU S.A.21.460.903.26%4.18%R$45.4bn
VALE3VALE S.A.29.931.588.03%5.27%R$310.3bn
CMIN3CSN MINERAÇÃO S.A.11.253.577.99%31.79%R$26.2bn
KLBN4KLABIN S.A.127.702.386.48%1.86%R$23.1bn
KLBN3KLABIN S.A.135.462.536.11%1.86%R$23.1bn

Does GGBR3 pay dividends?

Dividend yield per year

  • 0.61%2017
  • 3.91%2018
  • 2.06%2019
  • 0.93%2020
  • 18.17%2021
  • 18.66%2022
  • 9.04%2023
  • 4.71%2024
  • 3.55%2025
  • 2.47%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend19/08/202611/09/2026R$0.23
Dividend13/05/202609/06/2026R$0.18
Dividend10/03/202618/03/2026R$0.10
Dividend10/11/202511/12/2025R$0.28
Dividend11/08/202518/08/2025R$0.12
Dividend08/05/202519/05/2025R$0.12
Dividend05/03/202514/03/2025R$0.10
Dividend18/11/202416/12/2024R$0.30
Dividend09/08/202420/08/2024R$0.12
Dividend15/05/202427/05/2024R$0.28
Dividend01/03/202412/03/2024R$0.10
Dividend17/11/202313/12/2023R$0.47
See all 94 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend18/08/202329/08/2023R$0.43
Interest on equity15/05/202329/05/2023R$0.51
Dividend14/03/202323/03/2023R$0.20
Dividend21/11/202214/12/2022R$1.73
Interest on equity21/11/202214/12/2022R$0.42
Dividend15/08/202225/08/2022R$0.71
Interest on equity16/05/202225/05/2022R$0.57
Dividend07/03/202216/03/2022R$0.20
Dividend05/11/202116/11/2021R$1.42
Interest on equity05/11/202116/11/2021R$0.20
Interest on equity27/09/202116/11/2021R$0.38
Dividend16/08/202126/08/2021R$0.54
Dividend14/05/202126/05/2021R$0.40
Interest on equity11/03/202125/03/2021R$0.13
Interest on equity21/12/202024/03/2021R$0.17
Dividend06/11/202018/11/2020R$0.12
Dividend28/02/202011/03/2020R$0.03
Dividend11/11/201925/11/2019R$0.04
Dividend16/08/201928/08/2019R$0.07
Dividend17/05/201929/05/2019R$0.07
Dividend06/03/201918/03/2019R$0.10
Dividend21/11/201803/12/2018R$0.13
Interest on equity21/08/201831/08/2018R$0.14
Interest on equity21/05/201801/06/2018R$0.08
Dividend09/03/201821/03/2018R$0.03
Dividend21/11/201701/12/2017R$0.03
Dividend21/08/201701/09/2017R$0.02
Dividend21/11/201601/12/2016R$0.02
Dividend22/08/201602/09/2016R$0.03
Dividend09/11/201519/11/2015R$0.04
Interest on equity24/08/201503/09/2015R$0.05
Interest on equity21/05/201501/06/2015R$0.06
Dividend16/03/201526/03/2015R$0.07
Interest on equity17/11/201427/11/2014R$0.05
Dividend11/08/201420/08/2014R$0.06
Interest on equity21/05/201429/05/2014R$0.07
Dividend05/03/201417/03/2014R$0.07
Interest on equity11/11/201322/11/2013R$0.12
Interest on equity12/08/201321/08/2013R$0.07
Dividend17/05/201329/05/2013R$0.02
Dividend04/03/201314/03/2013R$0.02
Interest on equity12/11/201223/11/2012R$0.07
Dividend13/08/201223/08/2012R$0.09
Dividend11/05/201223/05/2012R$0.06
Dividend27/02/201208/03/2012R$0.08
Dividend21/11/201130/11/2011R$0.12
Interest on equity15/08/201125/08/2011R$0.09
Dividend19/05/201127/05/2011R$0.06
Dividend14/03/201124/03/2011R$0.06
Interest on equity16/11/201026/11/2010R$0.12
Dividend16/08/201026/08/2010R$0.14
Interest on equity17/05/201017/05/2010R$0.12
Interest on equity28/12/200912/03/2010R$0.18
Interest on equity16/11/200926/11/2009R$0.08
Dividend02/03/200912/03/2009R$0.04
Dividend14/11/200826/11/2008R$0.18
Dividend15/08/200827/08/2008R$0.36
Interest on equity21/05/200803/06/2008R$0.41
Dividend22/02/200805/03/2008R$0.29
Interest on equity21/11/200730/11/2007R$0.34
Dividend17/08/200729/08/2007R$0.29
Interest on equity14/05/200724/05/2007R$0.34
Dividend21/02/200706/03/2007R$0.35
Interest on equity21/11/200630/11/2006R$0.35
Dividend14/08/200624/08/2006R$0.35
Interest on equity15/05/200625/05/2006R$0.30
Dividend17/02/200602/03/2006R$0.42
Dividend18/11/200530/11/2005R$0.45
Dividend15/08/200524/08/2005R$0.48
Dividend13/05/200524/05/2005R$0.45
Dividend11/02/200522/02/2005R$0.95
Dividend03/11/200417/11/2004R$0.53
Interest on equity13/08/200417/11/2004R$0.46
Interest on equity30/03/200418/05/2004R$0.64
Interest on equity30/12/200317/02/2004R$1.02
Interest on equity13/10/200318/11/2003R$0.51
Interest on equity10/07/200314/08/2003R$0.34
Interest on equity31/03/200315/05/2003R$0.65
Interest on equity30/12/200218/02/2003R$1.63
Interest on equity28/06/200215/08/2002R$0.70
Interest on equity28/12/200119/02/2002R$0.96
Interest on equity23/07/2001—R$0.40
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Bonus shares17/04/202420.00% in shares
Split22/03/202321 for 20
Split13/06/20082 for 1
Split13/04/20063 for 2
Split12/04/20053 for 2
Split30/04/20042 for 1
Share consolidation30/04/20031 for 1000

About Gerdau

Sector
Materiais Básicos
Segment
Siderurgia
Listing segment
Level 1
Tag along
80.00%
Free float
63.59%
Shares issued
716.98m ordinary · 1.26bn preferred
Average daily trading
R$588k
Listed since
01/02/2001
CNPJ
33.611.500/0001-19

A Gerdau S.A., listada na B3 sob os códigos GGBR3 e GGBR4, é uma produtora de aço com operações relevantes no Brasil, América do Norte e demais mercados das Américas. A companhia atua na produção de aços longos, aços especiais e soluções para construção civil, indústria e cadeia automotiva. Seu modelo combina usinas integradas e semi-integradas, rede de transformação, centros de serviço e cadeia de sucata metálica, componente importante do processo produtivo em fornos elétricos. No mercado brasileiro, a empresa figura entre os principais grupos siderúrgicos em capacidade e distribuição. O desempenho financeiro depende de demanda setorial, preço do aço, custo de matérias-primas e energia, além de taxa de câmbio para operações externas. A estratégia corporativa inclui disciplina de capital, eficiência operacional, descarbonização gradual do processo siderúrgico e gestão de portfólio por unidade de negócio, com foco em retorno sobre capital empregado ao longo do ciclo do aço.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Metalúrgica Gerdau S.A.Controlling98.04%0.00%35.54%
BLACKROCK, INC.0.00%9.99%6.37%
T. Rowe Price Associates, Inc.0.00%5.19%3.31%
Outros1.94%83.55%53.97%
Ações Tesouraria0.02%1.28%0.82%

Questions about GGBR3

How much is GGBR3 today?

GGBR3 is at R$20.64 (-0.05% on the day), last traded on 30/09/2026.

How much did GGBR3 pay in dividends in 2025?

GGBR3 paid R$0.62 per share in 2025, a dividend yield of 3.55%.

What are the P/E and P/B of GGBR3?

GGBR3 trades at a P/E of 18.25 and a P/B of 0.76.

How much did GGBR3 return in 12 months?

GGBR3 returned 34.29% in 12 months, with annualised volatility of 27.44% and a largest drawdown of -7.31%.

What sector is GGBR3 in?

Gerdau is in the Materiais Básicos sector, Siderurgia segment.