B3 · BRL

VALE3

Vale S.A.

R$69.91+0.43% (R$0.30)Updated 10/1/26, 2:16 AM

Day's range: R$69.49 – R$70.88
Day's volume: R$1.7B
52-week range: R$58.08 – R$91.62

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VALE3 in numbers

Market cap: R$310.3B

P/E: 29.93

P/B: 1.58

Dividend yield (12m): 8.03%

Net debt/EBITDA: 1.31

The 12-month dividend yield of VALE3 is 8.03%, below its 5-year average of 10.04%.

VALE3 price history

10/01/202509/30/2026

Compare with

VALE3 risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+32.76%	+37.02%	+40.14%
Volatility (annualized)	29.07%	22.21%	27.53%
Largest drawdown	-17.89%	-23.39%	-32.08%
Positive months	7/12	19/36	31/60

How much did investing in VALE3 return?

Amount invested

R$1,000.00 invested on 09/01/2021 would be worth R$1,401.42 today.

Value today in VALE3: R$1,401.42

Return over the period: +40.14%

Return per year: +6.98%

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.

VALE3 fundamentals

Valuation

P/E
29.93
P/B
1.58
EV/EBITDA
7.29
EV/EBIT
11.10
EV/Revenue
1.74
P/EBIT
9.10
P/S
1.42
P/OCF
6.13
P/FCF
19.84
Earnings yield
9.01%
PEG ratio
—
Earnings per share
R$2.34
Book value per share
R$44.30

Debt

Net debt
R$68.2B
Net debt/EBITDA
1.31
Net debt/Equity
0.34
Debt/Equity
0.49
Current ratio
1.19
Quick ratio
0.77
Cash ratio
0.39

Efficiency

Gross margin
34.92%
EBITDA margin
23.81%
Operating margin
15.64%
Net margin
3.99%
Asset turnover
0.47

Profitability

ROE
5.27%
ROA
1.88%
ROIC
4.50%
Payout
240.28%

Growth

Revenue CAGR (5 years)
-5.80%
Earnings CAGR (5 years)
-35.25%
Revenue growth (year)
3.68%
Earnings growth (year)
-56.27%
Revenue growth (quarter)
4.04%
Earnings growth (quarter)
-64.19%

What is VALE3's fair price?

Two classic value formulas, with today's numbers. The current price is R$69.91.

Graham's fair price: R$48.25; 30.98% below the price

√(22.50 × R$2.34 × R$44.30)

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$125.57; 79.61% above the price

R$7.53 (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.

VALE3's indicators by year

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

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	23.12	7.84	8.77	4.21	3.25	17.30	-42.22	10.50
P/B	1.69	1.16	1.77	2.07	2.00	2.55	1.79	1.55
EV/EBITDA	7.74	4.34	4.97	4.17	2.56	6.84	18.36	5.54
Dividend yield	6.33%	8.86%	8.25%	8.18%	18.59%	2.75%	0.00%	4.68%
Earnings per share	R$3.11	R$6.96	R$8.80	R$21.13	R$24.25	R$5.05	-R$1.26	R$4.86
Book value per share	R$42.56	R$47.09	R$43.69	R$42.94	R$39.42	R$34.25	R$29.74	R$32.87
ROE	7.31%	14.78%	20.14%	49.22%	61.52%	14.76%	-4.25%	14.77%
ROIC	5.64%	17.69%	19.21%	32.53%	57.27%	24.57%	0.93%	20.44%
Gross margin	34.98%	36.25%	42.32%	45.17%	60.05%	52.73%	43.60%	39.62%
EBITDA margin	23.07%	34.94%	38.72%	47.11%	53.73%	32.97%	11.43%	41.21%
Net margin	6.47%	15.34%	19.20%	42.35%	41.30%	12.81%	-4.49%	19.08%
Net debt/EBITDA	1.25	0.90	0.62	0.39	0.07	0.12	1.78	0.68

VALE3's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	R$213.6B	R$206B	R$208.1B	R$226.5B	R$293.5B	R$208.5B
Cost of revenue	-R$138.9B	-R$131.3B	-R$120B	R$124.2B	-R$117.3B	-R$98.6B
Gross profit	R$74.7B	R$74.7B	R$88.1B	R$102.3B	R$176.3B	R$110B
EBITDA	R$49.3B	R$72B	R$80.6B	R$106.7B	R$157.7B	R$68.7B
EBIT	R$32B	R$55.5B	R$65.3B	R$90.3B	R$141.3B	R$52.1B
Financial result	-R$5.3B	-R$21.2B	-R$9.7B	R$11.4B	R$17.8B	-R$24.1B
Income before tax	R$26.7B	R$34.2B	R$55.6B	R$101.7B	R$159.1B	R$27.9B
Income tax	-R$14.9B	-R$3.8B	-R$15B	-R$15.2B	-R$25.3B	-R$3B
Net income	R$13.8B	R$31.6B	R$39.9B	R$95.9B	R$121.2B	R$26.7B

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

VALE3 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
VALE3Vale	29.93	1.58	8.03%	5.27%	R$310.3B
GGBR4GERDAU S.A.	21.46	0.90	3.26%	4.18%	R$45.4B
GGBR3GERDAU S.A.	18.25	0.76	3.83%	4.18%	R$45.4B
CMIN3CSN MINERAÇÃO S.A.	11.66	3.71	7.70%	31.79%	R$27.2B
KLBN4KLABIN S.A.	127.00	2.37	6.52%	1.86%	R$22.8B
KLBN3KLABIN S.A.	132.29	2.47	6.25%	1.86%	R$22.8B

Does VALE3 pay dividends?

Dividend yield per year

2.25%2017
4.68%2018
0.00%2019
2.75%2020
18.59%2021
8.18%2022
8.25%2023
8.86%2024
6.33%2025
8.03%2026

Payment history
Type	Last day to own	Payment	Per share
Interest on equity	08/11/2026	09/02/2026	R$1.57
Dividend	08/11/2026	09/02/2026	R$0.46
Dividend	12/11/2025	03/04/2026	R$0.77
Interest on equity	12/11/2025	03/04/2026	R$1.57
Dividend	12/11/2025	01/07/2026	R$1.24
Interest on equity	08/12/2025	09/03/2025	R$1.90
Dividend	03/07/2025	03/14/2025	R$2.14
Interest on equity	12/11/2024	03/14/2025	R$0.52
Interest on equity	08/02/2024	09/04/2024	R$2.09
Dividend	03/11/2024	03/19/2024	R$2.74
Dividend	11/21/2023	12/01/2023	R$1.57
Interest on equity	11/21/2023	12/01/2023	R$0.77

See all 89 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Interest on equity	08/11/2023	09/01/2023	R$1.92
Dividend	03/13/2023	03/22/2023	R$1.83
Interest on equity	12/12/2022	03/22/2023	R$0.29
Interest on equity	08/11/2022	09/01/2022	R$1.54
Dividend	08/11/2022	09/01/2022	R$2.03
Dividend	03/08/2022	03/16/2022	R$3.70
Dividend	09/22/2021	09/30/2021	R$8.20
Dividend	06/23/2021	06/30/2021	R$2.18
Dividend	03/04/2021	03/15/2021	R$3.43
Interest on equity	03/04/2021	03/15/2021	R$0.84
Dividend	09/21/2020	09/30/2020	R$1.41
Interest on equity	09/21/2020	09/30/2020	R$1.00
Interest on equity	08/02/2018	09/20/2018	R$1.31
Dividend	08/02/2018	09/20/2018	R$0.17
Interest on equity	03/06/2018	03/15/2018	R$0.49
Interest on equity	12/21/2017	03/15/2018	R$0.42
Interest on equity	04/20/2017	04/28/2017	R$0.91
Interest on equity	12/01/2016	12/16/2016	R$0.17
Dividend	10/15/2015	10/30/2015	R$0.37
Interest on equity	04/14/2015	04/30/2015	R$0.60
Interest on equity	10/16/2014	10/31/2014	R$0.65
Dividend	10/16/2014	10/30/2014	R$0.34
Interest on equity	04/14/2014	04/30/2014	R$0.90
Interest on equity	10/17/2013	10/31/2013	R$0.82
Dividend	10/17/2013	10/31/2013	R$0.12
Dividend	04/16/2013	04/30/2013	R$0.15
Interest on equity	04/16/2013	04/30/2013	R$0.71
Dividend	10/16/2012	10/31/2012	R$0.66
Interest on equity	10/16/2012	10/31/2012	R$0.53
Interest on equity	04/13/2012	04/30/2012	R$0.43
Interest on equity	04/13/2012	04/30/2012	R$0.64
Interest on equity	10/14/2011	10/31/2011	R$0.63
Dividend	10/14/2011	10/31/2011	R$0.39
Dividend	08/11/2011	08/26/2011	R$0.93
Interest on equity	04/13/2011	04/29/2011	R$0.61
Interest on equity	01/14/2011	01/31/2011	R$0.32
Interest on equity	10/14/2010	10/29/2010	R$0.56
Interest on equity	04/14/2010	04/30/2010	R$0.42
Interest on equity	10/15/2009	10/30/2009	R$0.49
Dividend	04/15/2009	04/30/2009	R$0.52
Dividend	10/16/2008	10/31/2008	R$0.14
Interest on equity	10/16/2008	10/31/2008	R$0.51
Dividend	04/10/2008	04/30/2008	R$0.20
Interest on equity	04/10/2008	04/30/2008	R$0.24
Interest on equity	10/18/2007	10/31/2007	R$0.31
Dividend	10/18/2007	10/31/2007	R$0.01
Interest on equity	10/18/2007	10/31/2007	R$0.07
Interest on equity	04/17/2007	04/30/2007	R$0.26
Dividend	04/17/2007	04/30/2007	R$0.43
Interest on equity	10/19/2006	10/31/2006	R$0.56
Dividend	10/19/2006	10/31/2006	R$0.02
Interest on equity	04/12/2006	04/28/2006	R$0.67
Dividend	04/12/2006	04/28/2006	R$0.48
Interest on equity	10/14/2005	10/31/2005	R$0.68
Dividend	10/14/2005	10/31/2005	R$0.59
Dividend	10/14/2005	10/31/2005	R$0.30
Interest on equity	04/14/2005	04/29/2005	R$1.11
Dividend	10/13/2004	10/29/2004	R$0.24
Interest on equity	10/13/2004	10/29/2004	R$1.03
Interest on equity	04/14/2004	04/30/2004	R$2.06
Interest on equity	10/15/2003	10/31/2003	R$1.48
Interest on equity	08/27/2003	10/31/2003	R$1.94
Interest on equity	04/16/2003	04/30/2003	R$1.62
Interest on equity	11/13/2002	12/10/2002	R$2.68
Interest on equity	12/28/2000	02/20/2001	R$3.33
Interest on equity	12/28/1999	03/01/2000	R$1.17
Interest on equity	08/06/1999	08/20/1999	R$1.11
Interest on equity	12/26/2019	—	R$1.41
Interest on equity	11/22/2001	—	R$2.31
Interest on equity	12/30/1998	—	R$0.50
Interest on equity	10/28/1998	—	R$0.65
Interest on equity	08/05/1998	—	R$0.75
Interest on equity	04/23/1998	—	R$1.01
Interest on equity	07/23/1997	—	R$0.32
Interest on equity	04/10/1997	—	R$0.51
Dividend	08/30/1996	—	R$0.17
Dividend	04/10/1996	—	R$0.00

Splits, reverse splits and bonus shares
Event	Last day to own	Ratio
Split	08/31/2007	2 for 1
Split	05/22/2006	2 for 1
Split	08/19/2004	3 for 1
Bonus shares	04/18/1997	100.00% in shares
Reverse split	04/10/1996	1 for 10

About Vale

Sector: Materiais Básicos
Segment: Mineração de Minerais Metálicos
Listing segment: Novo Mercado
Tag along: 100.00%
Free float: 96.01%
Shares issued: 4.44B common · 12 preferred
Average daily trading: R$1.4B
Ibovespa weight: 9.87%
Listed since: 04/01/1968
CNPJ: 33.592.510/0001-54

A Vale S.A. (VALE3) é uma companhia brasileira de mineração e metais, com foco principal na produção de minério de ferro e de metais para transição energética. A empresa também atua na produção de pelotas de minério de ferro e, no segmento de metais básicos, em produtos como níquel, cobre, cobalto e metais do grupo da platina, além de subprodutos como ouro e prata. A estrutura operacional é reportada principalmente em dois grandes negócios: Iron Solutions (soluções em minério de ferro) e Energy Transition Metals (metais para transição energética), além de atividades corporativas. No negócio de minério de ferro, a companhia opera sistemas integrados de mina, ferrovia e porto no Brasil para extração, beneficiamento e escoamento de grandes volumes para o mercado internacional. A Vale também opera infraestrutura logística própria e dedicada, incluindo ferrovias, terminais marítimos e portos, o que reduz dependência de terceiros no transporte de carga mineral. Essa integração operacional é parte central do modelo de negócios da companhia, com distribuição para siderúrgicas e clientes industriais em diferentes regiões. Em posição de escala global, a empresa figura entre os maiores produtores mundiais de minério de ferro e níquel. Sua presença geográfica inclui operações e/ou ativos em países como Brasil, Canadá, Indonésia, Omã, China, Japão, Malásia e Reino Unido, com vendas para mercados internacionais, especialmente cadeias industriais de aço e de materiais para eletrificação.

Investor website

ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
Shareholder	Common	Preferred	Total
PREVI - CAIXA DE PREVIDÊNCIA DOS FUNCIONÁRIOS DO BANCO DO BRASIL	7.02%	0.00%	7.02%
BLACKROCK, INC.	6.71%	0.00%	6.71%
MITSUI AMP CO., LTD	6.45%	0.00%	6.45%
Capital World Investors	5.13%	0.00%	5.13%
GOVERNO FEDERAL	0.00%	100.00%	0.00%
Outros	70.73%	0.00%	70.73%
Ações Tesouraria	3.97%	0.00%	3.97%

Questions about VALE3

How much is VALE3 today?

VALE3 is at R$69.91 (0.43% on the day), last traded on 10/01/2026.

How much did VALE3 pay in dividends in 2025?

VALE3 paid R$4.56 per share in 2025, a dividend yield of 6.33%.

What are the P/E and P/B of VALE3?

VALE3 trades at a P/E of 29.93 and a P/B of 1.58.

How much did VALE3 return in 12 months?

VALE3 returned 32.76% in 12 months, with annualized volatility of 29.07% and a largest drawdown of -17.89%.

What sector is VALE3 in?

Vale is in the Materiais Básicos sector, Mineração de Minerais Metálicos segment.