B3 · BRL
GGBR4
Gerdau S.A. Pfd
- Day's range
- R$24.04 – R$24.77
- Day's volume
- R$343.8m
- 52-week range
- R$16.76 – R$26.44
Follow GGBR4 on Fuolio
See how GGBR4 weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountGGBR4 in numbers
- Market cap
- R$45.4bn
- P/E
- 21.46
- P/B
- 0.90
- Dividend yield (12m)
- 3.26%
- Net debt/EBITDA
- 1.43
The 12-month dividend yield of GGBR4 is 3.26%, below its 5-year average of 9.23%.
GGBR4 price history
GGBR4 risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +33.09% | +50.75% | +63.40% |
| Volatility (annualised) | 34.07% | 26.09% | 32.93% |
| Largest drawdown | -14.80% | -25.71% | -35.50% |
| Positive months | 7/12 | 20/36 | 32/60 |
How much did investing in GGBR4 return?
R$1,000.00 invested on 01/09/2021 would be worth R$1,652.64 today.
- Value today in GGBR4
- R$1,652.64
- Return over the period
- +65.26%
- Return per year
- +10.57%
- 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.
GGBR4 fundamentals
Valuation
- P/E21.46
- P/B0.90
- EV/EBITDA6.64
- EV/EBIT11.51
- EV/Revenue0.83
- P/EBIT9.02
- P/S0.65
- P/OCF4.98
- P/FCF12.79
- Earnings yield8.69%
- PEG ratio—
- Earnings per shareR$1.13
- Book value per shareR$27.07
Debt
- Net debtR$12.5bn
- Net debt/EBITDA1.43
- Net debt/Equity0.23
- Debt/Equity0.33
- Current ratio2.87
- Quick ratio1.30
- Cash ratio0.53
Efficiency
- Gross margin13.10%
- EBITDA margin12.55%
- Operating margin7.24%
- Net margin3.27%
- Asset turnover0.85
Profitability
- ROE4.18%
- ROA2.78%
- ROIC4.51%
- Payout69.85%
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 GGBR4's fair price?
Two classic value formulas, with today's numbers. The current price is R$24.27.
- Graham's fair price
- R$26.25
- 8.14% 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
- 35.97% 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.
GGBR4 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 | 29.18 | 8.06 | 6.68 | 4.52 | 3.03 | 17.77 | 28.57 | 11.06 |
| P/B | 0.75 | 0.63 | 1.02 | 1.11 | 1.09 | 1.35 | 1.27 | 0.98 |
| EV/EBITDA | 7.10 | 4.33 | 4.16 | 2.92 | 2.42 | 7.18 | 8.95 | 6.50 |
| Dividend yield | 3.04% | 4.41% | 8.13% | 15.57% | 14.98% | 0.77% | 1.76% | 3.23% |
| Earnings per share | R$0.70 | R$2.25 | R$3.56 | R$6.50 | R$9.01 | R$1.38 | R$0.70 | R$1.34 |
| Book value per share | R$27.10 | R$28.68 | R$23.35 | R$26.35 | R$24.90 | R$18.08 | R$15.80 | R$15.08 |
| ROE | 2.58% | 7.85% | 15.24% | 24.68% | 36.19% | 7.61% | 4.43% | 8.88% |
| ROIC | 3.18% | 9.36% | 15.16% | 23.41% | 30.44% | 8.09% | 5.81% | 10.37% |
| Gross margin | 11.41% | 13.73% | 16.44% | 22.75% | 26.57% | 13.54% | 10.60% | 13.32% |
| EBITDA margin | 10.63% | 15.83% | 19.71% | 25.06% | 30.05% | 17.43% | 13.26% | 12.87% |
| Net margin | 1.99% | 6.81% | 10.89% | 13.86% | 19.78% | 5.40% | 3.04% | 4.99% |
| Net debt/EBITDA | 1.65 | 0.87 | 0.47 | 0.42 | 0.43 | 1.67 | 2.41 | 2.21 |
GGBR4 financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | R$69.9bn | R$67bn | R$68.9bn | R$82.4bn | R$78.3bn | R$43.8bn |
| Cost of sales | -R$61.9bn | -R$57.8bn | -R$57.6bn | -R$63.7bn | -R$57.5bn | -R$37.9bn |
| Gross profit | R$8bn | R$9.2bn | R$11.3bn | R$18.8bn | R$20.8bn | R$5.9bn |
| EBITDA | R$7.4bn | R$10.6bn | R$13.6bn | R$20.7bn | R$23.5bn | R$7.6bn |
| EBIT | R$3.7bn | R$7.5bn | R$10.5bn | R$17.8bn | R$21bn | R$5.2bn |
| Net finance result | -R$1.2bn | -R$2bn | -R$1.1bn | -R$1.9bn | -R$750.5m | -R$1.7bn |
| Profit before tax | R$2.5bn | R$5.5bn | R$9.3bn | R$15.9bn | R$20.3bn | R$3.5bn |
| Income tax | -R$1.1bn | -R$864.7m | -R$1.8bn | -R$4.4bn | -R$4.7bn | -R$1.1bn |
| Net income | R$1.4bn | R$4.6bn | R$7.5bn | R$11.4bn | R$15.5bn | R$2.4bn |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
GGBR4 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 |
|---|---|---|---|---|---|
| GGBR4Gerdau | 21.46 | 0.90 | 3.26% | 4.18% | R$45.4bn |
| GGBR3GERDAU S.A. | 18.55 | 0.78 | 3.77% | 4.18% | R$45.4bn |
| VALE3VALE S.A. | 29.93 | 1.58 | 8.03% | 5.27% | R$310.3bn |
| CMIN3CSN MINERAÇÃO S.A. | 11.25 | 3.57 | 7.99% | 31.79% | R$26.2bn |
| KLBN4KLABIN S.A. | 127.70 | 2.38 | 6.48% | 1.86% | R$23.1bn |
| KLBN3KLABIN S.A. | 135.46 | 2.53 | 6.11% | 1.86% | R$23.1bn |
Does GGBR4 pay dividends?
Dividend yield per year
- 0.51%2017
- 3.23%2018
- 1.76%2019
- 0.77%2020
- 14.98%2021
- 15.57%2022
- 8.13%2023
- 4.41%2024
- 3.04%2025
- 2.10%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 19/08/2026 | 11/09/2026 | R$0.23 |
| Dividend | 13/05/2026 | 09/06/2026 | R$0.18 |
| Dividend | 10/03/2026 | 18/03/2026 | R$0.10 |
| Dividend | 10/11/2025 | 11/12/2025 | R$0.28 |
| Dividend | 11/08/2025 | 18/08/2025 | R$0.12 |
| Dividend | 08/05/2025 | 19/05/2025 | R$0.12 |
| Dividend | 05/03/2025 | 14/03/2025 | R$0.10 |
| Dividend | 18/11/2024 | 16/12/2024 | R$0.30 |
| Dividend | 09/08/2024 | 20/08/2024 | R$0.12 |
| Dividend | 15/05/2024 | 27/05/2024 | R$0.28 |
| Dividend | 01/03/2024 | 12/03/2024 | R$0.10 |
| Dividend | 17/11/2023 | 13/12/2023 | R$0.47 |
See all 97 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 18/08/2023 | 29/08/2023 | R$0.43 |
| Interest on equity | 15/05/2023 | 29/05/2023 | R$0.51 |
| Dividend | 14/03/2023 | 23/03/2023 | R$0.20 |
| Interest on equity | 21/11/2022 | 14/12/2022 | R$0.42 |
| Dividend | 21/11/2022 | 14/12/2022 | R$1.73 |
| Dividend | 15/08/2022 | 25/08/2022 | R$0.71 |
| Interest on equity | 16/05/2022 | 25/05/2022 | R$0.57 |
| Dividend | 07/03/2022 | 16/03/2022 | R$0.20 |
| Interest on equity | 05/11/2021 | 16/11/2021 | R$0.20 |
| Dividend | 05/11/2021 | 16/11/2021 | R$1.42 |
| Interest on equity | 27/09/2021 | 16/11/2021 | R$0.38 |
| Dividend | 16/08/2021 | 26/08/2021 | R$0.54 |
| Dividend | 14/05/2021 | 26/05/2021 | R$0.40 |
| Interest on equity | 11/03/2021 | 25/03/2021 | R$0.13 |
| Dividend | 21/12/2020 | 25/03/2021 | R$0.17 |
| Dividend | 06/11/2020 | 18/11/2020 | R$0.12 |
| Dividend | 28/02/2020 | 11/03/2020 | R$0.03 |
| Dividend | 11/11/2019 | 25/11/2019 | R$0.04 |
| Dividend | 16/08/2019 | 28/08/2019 | R$0.07 |
| Dividend | 17/05/2019 | 29/05/2019 | R$0.07 |
| Dividend | 06/03/2019 | 18/03/2019 | R$0.10 |
| Dividend | 21/11/2018 | 03/12/2018 | R$0.13 |
| Interest on equity | 21/08/2018 | 31/08/2018 | R$0.14 |
| Interest on equity | 21/05/2018 | 01/06/2018 | R$0.08 |
| Dividend | 09/03/2018 | 21/03/2018 | R$0.03 |
| Dividend | 21/11/2017 | 01/12/2017 | R$0.03 |
| Dividend | 21/08/2017 | 01/09/2017 | R$0.02 |
| Dividend | 21/11/2016 | 01/12/2016 | R$0.02 |
| Dividend | 22/08/2016 | 02/09/2016 | R$0.03 |
| Dividend | 09/11/2015 | 19/11/2015 | R$0.04 |
| Interest on equity | 24/08/2015 | 03/09/2015 | R$0.05 |
| Interest on equity | 21/05/2015 | 01/06/2015 | R$0.06 |
| Dividend | 16/03/2015 | 26/03/2015 | R$0.07 |
| Interest on equity | 17/11/2014 | 27/11/2014 | R$0.05 |
| Dividend | 11/08/2014 | 20/08/2014 | R$0.06 |
| Interest on equity | 21/05/2014 | 29/05/2014 | R$0.07 |
| Dividend | 05/03/2014 | 17/03/2014 | R$0.07 |
| Interest on equity | 11/11/2013 | 22/11/2013 | R$0.12 |
| Interest on equity | 12/08/2013 | 21/08/2013 | R$0.07 |
| Dividend | 17/05/2013 | 29/05/2013 | R$0.02 |
| Dividend | 04/03/2013 | 14/03/2013 | R$0.02 |
| Interest on equity | 12/11/2012 | 23/11/2012 | R$0.07 |
| Dividend | 13/08/2012 | 23/08/2012 | R$0.09 |
| Dividend | 11/05/2012 | 23/05/2012 | R$0.06 |
| Dividend | 27/02/2012 | 08/03/2012 | R$0.08 |
| Dividend | 21/11/2011 | 30/11/2011 | R$0.12 |
| Interest on equity | 15/08/2011 | 25/08/2011 | R$0.09 |
| Dividend | 19/05/2011 | 27/05/2011 | R$0.06 |
| Dividend | 14/03/2011 | 24/03/2011 | R$0.06 |
| Interest on equity | 16/11/2010 | 26/11/2010 | R$0.12 |
| Dividend | 16/08/2010 | 26/08/2010 | R$0.14 |
| Interest on equity | 17/05/2010 | 17/05/2010 | R$0.12 |
| Interest on equity | 28/12/2009 | 12/03/2010 | R$0.18 |
| Interest on equity | 16/11/2009 | 26/11/2009 | R$0.08 |
| Dividend | 02/03/2009 | 12/03/2009 | R$0.04 |
| Dividend | 14/11/2008 | 26/11/2008 | R$0.18 |
| Dividend | 15/08/2008 | 27/08/2008 | R$0.36 |
| Interest on equity | 21/05/2008 | 03/06/2008 | R$0.41 |
| Dividend | 22/02/2008 | 05/03/2008 | R$0.29 |
| Interest on equity | 21/11/2007 | 30/11/2007 | R$0.34 |
| Dividend | 17/08/2007 | 29/08/2007 | R$0.29 |
| Interest on equity | 14/05/2007 | 24/05/2007 | R$0.34 |
| Dividend | 21/02/2007 | 06/03/2007 | R$0.35 |
| Interest on equity | 21/11/2006 | 30/11/2006 | R$0.35 |
| Dividend | 14/08/2006 | 24/08/2006 | R$0.35 |
| Interest on equity | 15/05/2006 | 25/05/2006 | R$0.30 |
| Dividend | 17/02/2006 | 02/03/2006 | R$0.42 |
| Dividend | 18/11/2005 | 30/11/2005 | R$0.45 |
| Dividend | 15/08/2005 | 24/08/2005 | R$0.48 |
| Dividend | 13/05/2005 | 24/05/2005 | R$0.45 |
| Dividend | 11/02/2005 | 22/02/2005 | R$0.95 |
| Dividend | 03/11/2004 | 17/11/2004 | R$0.53 |
| Interest on equity | 13/08/2004 | 17/11/2004 | R$0.46 |
| Dividend | 30/06/2004 | 17/08/2004 | R$0.29 |
| Interest on equity | 30/06/2004 | 17/08/2004 | R$0.36 |
| Interest on equity | 30/03/2004 | 18/05/2004 | R$0.64 |
| Interest on equity | 30/12/2003 | 17/02/2004 | R$1.02 |
| Interest on equity | 13/10/2003 | 18/11/2003 | R$0.51 |
| Interest on equity | 10/07/2003 | 14/08/2003 | R$0.34 |
| Interest on equity | 31/03/2003 | 15/05/2003 | R$0.65 |
| Interest on equity | 30/12/2002 | 18/02/2003 | R$1.63 |
| Interest on equity | 28/06/2002 | 15/08/2002 | R$0.70 |
| Interest on equity | 21/12/2020 | — | R$0.17 |
| Interest on equity | 28/12/2001 | — | R$1.06 |
| Interest on equity | 23/07/2001 | — | R$0.44 |
| Event | Last day to own | Ratio |
|---|---|---|
| Bonus shares | 17/04/2024 | 20.00% in shares |
| Split | 22/03/2023 | 21 for 20 |
| Split | 13/06/2008 | 2 for 1 |
| Split | 13/04/2006 | 3 for 2 |
| Split | 12/04/2005 | 3 for 2 |
| Split | 30/04/2004 | 2 for 1 |
| Split | 02/05/2003 | 13 for 10 |
| Share consolidation | 30/04/2003 | 1 for 1000 |
| Split | 02/05/2000 | 100 for 1 |
About Gerdau
- Sector
- Materiais Básicos
- Segment
- Siderurgia
- Listing segment
- Level 1
- Tag along
- Set by the bylaws
- Free float
- 63.59%
- Shares issued
- 716.98m ordinary · 1.26bn preferred
- Average daily trading
- R$228.2m
- Ibovespa weight
- 1.17%
- Listed since
- 01/02/2001
- CNPJ
- 33.611.500/0001-19
A Gerdau S.A., listada na B3 sob o ticker GGBR4, foi fundada em 16 de janeiro de 1901 e atua no segmento de siderurgia. A companhia é uma produtora de aço com base no Brasil e presença relevante nas Américas. Suas operações abrangem produção de aços longos, aços especiais e outros produtos siderúrgicos voltados para construção civil, indústria e infraestrutura. O modelo industrial inclui mini-mills, unidades integradas e forte uso de sucata metálica como insumo. No ambiente competitivo, a Gerdau concorre com produtores regionais e globais de aço, com posição historicamente forte em aços longos nas Américas. A empresa atua em mercados cíclicos ligados à atividade industrial e construção, com foco em eficiência operacional e disciplina de capital. A companhia mantém ativos produtivos em diferentes países e atendimento a múltiplos setores consumidores. Em escala, reportou 27.371 empregados em 2023 e produção anual de milhões de toneladas de aço, com receitas distribuídas entre Brasil e América do Norte.
Investor website| Shareholder | Ordinary | Preferred | Total |
|---|---|---|---|
| Metalúrgica Gerdau S.A.Controlling | 98.04% | 0.00% | 35.54% |
| BLACKROCK, INC. | 0.00% | 9.99% | 6.37% |
| T. Rowe Price Associates, Inc. | 0.00% | 5.19% | 3.31% |
| Outros | 1.94% | 83.55% | 53.97% |
| Ações Tesouraria | 0.02% | 1.28% | 0.82% |
Questions about GGBR4
How much is GGBR4 today?
GGBR4 is at R$24.27 (0.29% on the day), last traded on 30/09/2026.
How much did GGBR4 pay in dividends in 2025?
GGBR4 paid R$0.62 per share in 2025, a dividend yield of 3.04%.
What are the P/E and P/B of GGBR4?
GGBR4 trades at a P/E of 21.46 and a P/B of 0.90.
How much did GGBR4 return in 12 months?
GGBR4 returned 33.09% in 12 months, with annualised volatility of 34.07% and a largest drawdown of -14.80%.
What sector is GGBR4 in?
Gerdau is in the Materiais Básicos sector, Siderurgia segment.