US · USD

VALE

Vale SA ADR

US$13.41+0.83% (US$0.11)Updated 30/09/2026, 17:22

Day's range: US$13.36 – US$13.66
Day's volume: US$452m
52-week range: US$9.93 – US$17.33

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VALE in numbers

Market cap: US$43.7bn

P/E: 3.40

P/B: 0.53

Dividend yield (12m): 8.04%

Net debt/EBITDA: 0.97

The 12-month dividend yield of VALE is 8.04%, below its 5-year average of 10.53%.

VALE price history

01/10/202530/09/2026

Compare with

VALE risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+35.22%	+32.71%	+47.25%
Volatility (annualised)	32.10%	27.50%	32.93%
Largest drawdown	-18.82%	-38.86%	-44.37%
Positive months	8/12	19/36	31/60

How much did investing in VALE return?

Amount invested

US$1,000.00 invested on 01/09/2021 would be worth US$1,472.52 today.

Value today in VALE: US$1,472.52

Return over the period: +47.25%

Return per year: +8.05%

In the S&P 500: US$1,788.52

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

VALE fundamentals

Valuation

P/E
3.40
P/B
0.53
EV/EBITDA
3.07
EV/EBIT
3.89
EV/Revenue
1.30
P/EBIT
2.66
P/S
0.89
P/OCF
—
P/FCF
—
Earnings yield
25.71%
PEG ratio
—
Earnings per share
US$3.94
Book value per share
US$25.22

Debt

Net debt
US$20.3bn
Net debt/EBITDA
0.97
Net debt/Equity
0.25
Debt/Equity
0.35
Current ratio
2.45
Quick ratio
1.95
Cash ratio
0.83

Efficiency

Gross margin
—
EBITDA margin
42.30%
Operating margin
33.42%
Net margin
26.07%
Asset turnover
0.36

Profitability

ROE
15.62%
ROA
9.40%
ROIC
14.77%
Payout
27.37%

Growth

Revenue CAGR (5 years)
-13.10%
Earnings CAGR (5 years)
-18.60%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is VALE's fair price?

Two classic value formulas, with today's numbers. The current price is US$13.41.

Graham's fair price: US$47.29; 252.61% above the price

√(22.50 × US$3.94 × US$25.22)

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: US$23.95; 78.60% above the price

US$1.44 (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.

VALE indicators by year

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

Indicator	2012	2011	2010	2009	2008	2007
ROE	7.42%	29.45%	25.06%	9.39%	31.06%	—
ROIC	9.37%	24.86%	21.10%	6.21%	29.43%	—
EBITDA margin	27.93%	56.69%	53.69%	36.67%	45.59%	46.44%
Net margin	11.30%	37.90%	37.14%	22.34%	34.32%	35.71%
Net debt/EBITDA	1.78	0.57	0.61	1.35	0.31	—

VALE financial statements

Line	2012	2011	2010	2009	2008	2007
Net revenue	US$48.8bn	US$60.4bn	US$46.5bn	US$23.9bn	US$38.5bn	US$33.1bn
Cost of sales	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	US$13.6bn	US$34.2bn	US$25bn	US$8.8bn	US$17.6bn	US$15.4bn
EBIT	US$9.2bn	US$30.1bn	US$21.7bn	US$6.1bn	US$14.7bn	US$13.2bn
Net finance result	-US$3.8bn	-US$3.3bn	-US$1.4bn	US$1bn	-US$1.5bn	US$2bn
Profit before tax	US$5.4bn	US$26.8bn	US$20.3bn	US$7.1bn	US$13.2bn	US$15.2bn
Income tax	US$833m	-US$5.3bn	-US$3.7bn	-US$2.1bn	-US$535m	-US$3.2bn
Net income	US$5.5bn	US$22.9bn	US$17.3bn	US$5.3bn	US$13.2bn	US$11.8bn

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

Does VALE pay dividends?

Dividend yield per year

2.35%2017
5.13%2018
0.00%2019
4.80%2020
19.70%2021
8.32%2022
8.10%2023
10.32%2024
6.22%2025
8.04%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	12/08/2026	10/09/2026	US$0.40
Dividend	11/12/2025	11/03/2026	US$0.68
Dividend	12/08/2025	10/09/2025	US$0.35
Dividend	11/12/2024	21/03/2025	US$0.09
Dividend	07/03/2025	21/03/2025	US$0.37
Dividend	02/08/2024	11/09/2024	US$0.37
Dividend	11/03/2024	26/03/2024	US$0.54
Dividend	21/11/2023	08/12/2023	US$0.47
Dividend	11/08/2023	11/09/2023	US$0.41
Dividend	12/12/2022	29/03/2023	US$0.06
Dividend	13/03/2023	29/03/2023	US$0.35
Dividend	11/08/2022	09/09/2022	US$0.69

See all 23 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/03/2022	23/03/2022	US$0.73
Dividend	22/09/2021	08/10/2021	US$1.56
Dividend	23/06/2021	08/07/2021	US$0.44
Dividend	04/03/2021	22/03/2021	US$0.77
Dividend	21/09/2020	07/10/2020	US$0.46
Dividend	26/12/2019	14/08/2020	US$0.35
Dividend	02/08/2018	27/09/2018	US$0.40
Dividend	21/12/2017	22/03/2018	US$0.13
Dividend	06/03/2018	22/03/2018	US$0.15
Dividend	21/04/2017	05/05/2017	US$0.29
Dividend	01/12/2016	23/12/2016	US$0.05

About Vale

Sector: Mining

Questions about VALE

How much is VALE today?

VALE is at US$13.41 (0.83% on the day), last traded on 30/09/2026.

How much did VALE pay in dividends in 2025?

VALE paid US$0.81 per share in 2025, a dividend yield of 6.22%.

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

VALE trades at a P/E of 3.40 and a P/B of 0.53.

How much did VALE return in 12 months?

VALE returned 35.22% in 12 months, with annualised volatility of 32.10% and a largest drawdown of -18.82%.