Gerdau stock
GGBNYSEGerdau S.A., Basic MaterialsISIN US3737371050
54Score 54 out of 100, Neutral
Price and trend
52 / 100
Price history
+23% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 1.0% below it.
Since August 2025 the 50-day line has been above the 200-day line; the trend has turned up.
Sharply down: the price has fallen very quickly lately (RSI 30).
The price is 15% below its 52-week high. Largest decline in 20 years: 97% (June 2008 to January 2016).
Chart figures for advanced users
- SMA 50$4.89
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$4.48
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)30
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$3.26
- The lowest closing price of the last twelve months.
- Resistance$5.24
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Gerdau S.A. belongs to the Steel industry (Brazil) and, with a market value of $7.35B, is number 20 of 42 companies in its industry on MEQIRI.
- This is an American depositary receipt (ADR).
- In fiscal 2025 it reported revenue of $12.44B (up 4.2% year on year) and earnings of $246.94M (down 69.6%).
Show more
- MEQIRI Score 54 out of 100 (Neutral): rank 270 of 461 in Basic Materials, median 57.
- The P/E is 18.1 (Steel median 17.2, own median of recent years 8.5).
- Our model puts fair value at $2.61, with the price 70% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings turn into cashFree cash flow 144% of earnings over the last 12 months.Fundamentals 74
- High dividend yieldDividend yield 3.67%, Steel median 1.84%.
Weaknesses
- Above fair valuePrice 70% above the fair value of $2.61.Valuation 56
- Margin fallingOperating margin 8%, average of the prior years 14% (to 2024).Profitability 35
- Earnings per share fallingDown 12.4% a year since 2020.Growth 44
Its standout strengths are stability and fundamentals, while capital allocation and profitability hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 55 to 54.
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
Valuation
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $1.86 and expensive above $4.34 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $1.00 (cash-flow model) and $4.21 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 17.1%. At 18.1% the fair value would be $2.56, at 16.1% it would be $2.66.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (17.2).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 0.8% on the twelve months before. Revenue has grown solidly since 2006, at about 6% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 11%, operating 8%, net 2%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 22 Feb 2027in 101 days
- Last reported
- 26 Oct 2026below expectations
Analyst estimates
Analysts have raised their 2027 earnings estimate by 9.4% since 15 Oct 2026.
- Earnings per share
- 2.9+3.4%
- Revenue
- $12.6B−1.7%
- Earnings per share
- 3.28+9.4%
- Revenue
- $13.06B−1.0%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook mixed
Share price after the results: −5.1%Gerdau highlighted a positive rating outlook but delayed most of the expected benefit from its mining project (around BRL 400 million) into 2027 due to rainy season and safety focus, without updating its existing guidance.
“We thought that it would ramp up in the third quarter of 2026, and we were expecting, I mean, something around BRL 400 million. I think something around this order of magnitude, maybe since the -- we will get something close to that as it will come to us the benefit of the project in 2027.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 27 Oct 2026 (fiscal Q3 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Gerdau
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
461 rated companies in Basic Materials
- This company
- 54
- Sector median
- 57
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Steel
The next larger and next smaller companies by market value
- Citic Pacific Special Steel Group000708.SZ $9.32B55
- China Steel2002.TW $8.63B36
- Steel Authority of IndiaSAIL.NS $7.8B58
- Cleveland-CliffsCLF $7.46B41
- JFE Holdings5411.T $7.28B51
- voestalpineVOE.VI $7.18B50
- Commercial MetalsCMC $7.02B65
- NMDCNMDC.NS $6.64B67
ETFs that hold Gerdau
Held by 2 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Avantis Emerging Markets Equity UCITS ETF USD AccAVEM | 0.09% | 0.35% | €284.54M |
| HSBC MSCI Emerging Markets UCITS ETFH410 | 0.05% | 0.15% | €5.13B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = R$5.6169)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 27 Mar 2026)
- Valuation signal Overvalued since 10 Nov 2026, previously Fairly valued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.