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$7.1B
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

10/01/202509/30/2026
Compare with

BRSR6 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+28.03%+88.65%+126.23%
Volatility (annualized)27.57%25.75%29.68%
Largest drawdown-22.82%-27.88%-27.88%
Positive months8/1223/3634/60

How much did investing in BRSR6 return?

R$1,000.00 invested on 09/01/2021 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 stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

BRSR6's indicators by year

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

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's financial statements

Line202520242023202220212020
Net revenueR$21.7BR$16.4BR$14.9BR$13BR$7.7BR$7.4B
Cost of revenue-R$15.3B-R$10.9B-R$10.3B-R$9.1B-R$3.6B-R$3B
Gross profitR$6.4BR$5.5BR$4.6BR$4BR$4.1BR$4.4B
EBITDA——————
EBIT——————
Financial result——————
Income before taxR$2BR$761MR$1.2BR$760.4MR$1.5BR$783.6M
Income tax-R$298.8M-R$33.2M-R$165.2MR$81.8M-R$392.6M-R$163.8M
Net incomeR$1.6BR$727.8MR$1BR$842.2MR$1.1BR$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$7.1B
ITUB4ITAU UNIBANCO HOLDING S.A.10.432.247.15%21.50%R$511.8B
ITUB3ITAU UNIBANCO HOLDING S.A.11.412.456.53%21.50%R$511.8B
BPAC3BCO BTG PACTUAL S.A.15.683.481.91%22.20%R$271.9B
BPAC5BCO BTG PACTUAL S.A.13.142.922.28%22.20%R$271.9B
BBDC4BCO BRADESCO S.A.7.921.086.80%13.66%R$183.9B
BBDC3BCO BRADESCO S.A.6.940.957.05%13.66%R$183.9B

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 equity09/11/202609/28/2026R$0.22
Interest on equity06/12/202606/26/2026R$0.22
Dividend05/04/202605/18/2026R$0.07
Interest on equity03/13/202603/26/2026R$0.22
Interest on equity12/26/202501/09/2026R$0.44
Interest on equity12/12/202512/22/2025R$0.37
Interest on equity09/12/202509/29/2025R$0.27
Interest on equity06/12/202506/26/2025R$0.22
Dividend05/05/202505/16/2025R$0.09
Interest on equity03/14/202503/26/2025R$0.22
Interest on equity12/18/202412/30/2024R$0.20
Interest on equity11/29/202412/11/2024R$0.24
See all 104 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity09/12/202409/27/2024R$0.12
Interest on equity06/14/202406/27/2024R$0.12
Dividend04/30/202405/17/2024R$0.18
Interest on equity03/15/202403/27/2024R$0.12
Interest on equity09/13/202309/29/2023R$0.17
Interest on equity06/14/202306/29/2023R$0.34
Dividend05/03/202305/19/2023R$0.04
Interest on equity03/15/202303/30/2023R$0.37
Interest on equity12/14/202212/28/2022R$0.02
Interest on equity09/12/202209/28/2022R$0.11
Interest on equity06/10/202206/28/2022R$0.38
Interest on equity05/02/202205/19/2022R$0.04
Dividend05/02/202205/19/2022R$0.04
Interest on equity03/16/202203/16/2022R$0.33
Interest on equity12/15/202112/28/2021R$0.17
Interest on equity09/03/202109/28/2021R$0.26
Interest on equity06/02/202106/02/2021R$0.24
Dividend04/30/202105/28/2021R$0.06
Interest on equity03/05/202103/05/2021R$0.23
Interest on equity12/30/202012/30/2020R$0.08
Interest on equity12/29/202012/29/2020R$0.05
Interest on equity12/10/202012/28/2020R$0.10
Dividend06/09/202006/22/2020R$0.18
Interest on equity03/10/202003/30/2020R$0.25
Interest on equity11/11/201912/09/2019R$0.26
Interest on equity08/12/201909/27/2019R$0.27
Interest on equity05/16/201906/24/2019R$0.28
Dividend06/05/201906/19/2019R$0.08
Dividend04/30/201905/30/2019R$0.03
Interest on equity03/07/201903/28/2019R$0.31
Interest on equity12/26/201801/15/2019R$0.11
Interest on equity12/06/201812/26/2018R$0.07
Other11/23/201811/23/2018R$0.86
Interest on equity10/29/201811/14/2018R$0.17
Interest on equity08/15/201809/27/2018R$0.22
Interest on equity05/14/201806/29/2018R$0.22
Dividend05/03/201805/30/2018R$0.05
Interest on equity02/26/201803/28/2018R$0.21
Interest on equity01/04/201802/20/2018R$0.30
Interest on equity11/13/201712/28/2017R$0.07
Interest on equity08/14/201709/28/2017R$0.20
Dividend05/04/201705/31/2017R$0.04
Interest on equity05/15/201705/15/2017R$0.20
Interest on equity03/13/201703/30/2017R$0.20
Interest on equity12/14/201612/29/2016R$0.04
Interest on equity09/06/201609/29/2016R$0.19
Interest on equity06/13/201606/30/2016R$0.19
Interest on equity03/10/201603/10/2016R$0.19
Interest on equity09/09/201509/09/2015R$0.23
Interest on equity06/02/201506/02/2015R$0.21
Interest on equity03/04/201503/04/2015R$0.19
Interest on equity09/03/201409/03/2014R$0.17
Interest on equity06/04/201406/04/2014R$0.16
Dividend04/30/201405/23/2014R$0.17
Interest on equity02/25/201402/25/2014R$0.16
Interest on equity09/03/201309/03/2013R$0.15
Interest on equity06/04/201306/04/2013R$0.15
Interest on equity03/04/201303/04/2013R$0.15
Interest on equity09/03/201209/03/2012R$0.15
Interest on equity06/04/201206/04/2012R$0.16
Interest on equity03/02/201203/02/2012R$0.16
Interest on equity09/01/201109/01/2011R$0.14
Interest on equity05/20/201105/20/2011R$0.14
Interest on equity03/04/201103/04/2011R$0.14
Interest on equity09/01/201009/01/2010R$0.13
Interest on equity06/04/201006/04/2010R$0.12
Interest on equity03/05/201003/05/2010R$0.12
Interest on equity09/01/200909/01/2009R$0.11
Interest on equity06/05/200906/05/2009R$0.12
Interest on equity03/11/200903/11/2009R$0.12
Interest on equity06/09/200806/09/2008R$0.10
Interest on equity05/07/200805/07/2008R$0.10
Interest on equity12/03/2015—R$0.25
Dividend04/30/2015—R$0.03
Interest on equity11/25/2014—R$0.17
Interest on equity11/22/2013—R$0.15
Dividend04/30/2013—R$0.08
Dividend12/18/2012—R$0.10
Interest on equity11/26/2012—R$0.15
Dividend04/30/2012—R$0.16
Dividend12/14/2011—R$0.15
Interest on equity11/22/2011—R$0.14
Dividend04/29/2011—R$0.06
Dividend12/15/2010—R$0.16
Interest on equity12/01/2010—R$0.13
Dividend04/30/2010—R$0.06
Interest on equity12/01/2009—R$0.12
Dividend03/31/2009—R$0.09
Interest on equity12/12/2008—R$0.10
Interest on equity09/09/2008—R$0.10
Dividend03/25/2008—R$0.32
Dividend12/14/2007—R$0.17
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Reverse split07/23/20071 for 150
Bonus shares06/21/200725.00% 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 common · 203.91M preferred
Average daily trading
R$25.5M
Listed since
09/16/1931
CNPJ
92.702.067/0001-96
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
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 09/30/2026.

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 28.03% in 12 months, with annualized volatility of 27.57% and a largest drawdown of -22.82%.