Last 47 quarters of trend data · Basic Materials · Steel
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 37.84 | 1.36 | 1.77 | — | 1.46 | 1.74 | 1.92 | 0.49 | 3.98 | 2.01 | 1.14 | 3.74 | 1.10 | 0.90 | 0.56 | 1.67 | 0.53 | 0.36 | 0.79 | 0.49 | 0.31 |
| — | -21.5% | -7.8% | — | -63.2% | -13.6% | +68.9% | -87.0% | +260.7% | +123.9% | +101.2% | +124.4% | +107.7% | +151.7% | -28.3% | +240.2% | +68.9% | -33.5% | +1.0% | -68.8% | -81.2% | |
| P/S Ratio | 0.74 | 0.11 | 0.11 | 0.11 | 0.09 | 0.08 | 0.08 | 0.09 | 0.11 | 0.10 | 0.14 | 0.15 | 0.10 | 0.10 | 0.10 | 0.11 | 0.08 | 0.07 | 0.11 | 0.08 | 0.11 |
| — | +32.8% | +28.1% | +19.0% | -18.8% | -19.9% | -41.9% | -37.8% | +3.6% | +0.1% | +50.0% | +28.3% | +35.7% | +57.4% | -15.2% | +39.6% | -30.7% | -39.5% | -3.2% | -33.4% | +1.4% | |
| P/B Ratio | 0.98 | 0.15 | 0.14 | 0.14 | 0.11 | 0.11 | 0.10 | 0.10 | 0.13 | 0.13 | 0.18 | 0.17 | 0.14 | 0.16 | 0.15 | 0.18 | 0.13 | 0.13 | 0.22 | 0.16 | 0.22 |
| — | +38.9% | +30.8% | +29.9% | -14.7% | -15.1% | -42.2% | -39.8% | -3.4% | -19.1% | +20.7% | -1.2% | +6.5% | +21.0% | -31.4% | +7.6% | -42.5% | -44.7% | -1.8% | -23.5% | +34.8% | |
| P/FCF | 45.49 | 4.61 | 5.89 | 1.12 | 1.33 | — | — | 1.73 | 0.45 | 2.45 | — | 1.05 | 2.11 | 0.98 | 1.84 | — | 0.75 | 0.53 | 1.36 | 0.27 | 1.33 |
| — | — | — | -35.5% | +198.7% | — | — | +65.4% | -78.8% | +150.9% | — | — | +182.9% | +83.0% | +35.7% | — | -44.1% | — | -21.9% | -68.2% | +113.9% | |
| EV / EBITDA | 6.59 | 1.40 | 1.63 | 1.98 | 1.67 | 1.77 | 1.70 | 1.89 | 1.12 | 1.68 | 1.72 | 2.35 | 1.33 | 1.17 | 0.90 | 1.57 | 0.68 | 0.53 | 0.79 | 0.81 | 0.73 |
| — | -20.7% | -4.5% | +4.7% | +48.9% | +5.0% | -1.0% | -19.7% | -15.7% | +43.6% | +90.9% | +50.4% | +97.0% | +120.7% | +13.5% | +92.4% | -6.6% | -40.4% | -39.4% | -42.9% | -72.6% | |
| EV / EBIT | 10.92 | 1.96 | 2.40 | — | 2.34 | 2.89 | 2.87 | 5.64 | 1.63 | 3.33 | 1.82 | 4.69 | 2.00 | 1.59 | 1.03 | 2.25 | 0.84 | 0.60 | 0.95 | 1.13 | 0.76 |
| — | -32.0% | -16.1% | — | +43.4% | -13.4% | +57.1% | +20.3% | -18.5% | +109.7% | +76.4% | +108.8% | +139.6% | +163.1% | +9.3% | +99.2% | +10.6% | -36.1% | -39.9% | -56.2% | -79.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.4% | 15.8% | 13.7% | 10.9% | 11.9% | 11.6% | 11.2% | 12.0% | 14.8% | 13.2% | 14.9% | 11.1% | 16.4% | 17.9% | 19.2% | 16.3% | 22.4% | 25.7% | 25.5% | 24.1% | 30.1% |
| — | +36.6% | +22.5% | -9.3% | -19.7% | -12.0% | -24.9% | +8.2% | -9.4% | -26.7% | -22.4% | -31.9% | -26.9% | -30.2% | -24.6% | -32.3% | -25.6% | -9.2% | +9.7% | +23.2% | +116.9% | |
| Operating Margin | 8.0% | 12.8% | 10.5% | 7.1% | 8.7% | 8.3% | 7.9% | 5.4% | 12.2% | 9.7% | 11.6% | 7.4% | 14.0% | 15.8% | 22.7% | 12.9% | 21.1% | 25.2% | 24.7% | 22.1% | 34.7% |
| — | +54.3% | +32.3% | +30.2% | -28.5% | -14.4% | -31.9% | -26.7% | -12.6% | -38.5% | -48.9% | -42.4% | -33.8% | -37.4% | -7.8% | -41.7% | -39.1% | -13.3% | +13.3% | +4.0% | +207.0% | |
| Net Margin | 2.0% | 8.1% | 6.0% | -7.6% | 6.0% | 4.9% | 4.3% | 1.9% | 7.8% | 5.2% | 12.6% | 3.9% | 9.3% | 11.7% | 17.0% | 6.7% | 14.2% | 18.6% | 14.4% | 16.2% | 26.2% |
| — | +66.5% | +39.0% | -507.1% | -22.6% | -5.5% | -65.8% | -52.2% | -16.4% | -55.8% | -25.8% | -41.6% | -34.9% | -37.3% | +18.1% | -58.5% | -45.6% | -8.9% | -4.1% | +110.7% | +302.5% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.5% | 2.7% | 1.9% | -2.4% | 2.0% | 1.5% | 1.3% | 0.6% | 2.4% | 1.6% | 4.0% | 1.2% | 3.2% | 4.4% | 6.7% | 2.5% | 6.2% | 9.5% | 6.9% | 8.3% | 14.4% |
| — | +77.2% | +43.2% | -530.3% | -19.2% | -3.8% | -67.5% | -51.9% | -23.2% | -63.3% | -40.2% | -54.2% | -49.1% | -54.1% | -1.6% | -69.6% | -56.9% | -14.0% | -8.0% | +148.0% | +459.8% | |
| ROA | 1.6% | 1.8% | 1.2% | -1.5% | 1.2% | 1.0% | 0.9% | 0.4% | 1.6% | 1.1% | 2.7% | 0.8% | 2.1% | 2.9% | 4.3% | 1.6% | 3.8% | 5.7% | 4.0% | 4.7% | 7.8% |
| — | +79.6% | +41.6% | -510.1% | -24.4% | -7.9% | -67.7% | -51.0% | -22.1% | -62.3% | -37.2% | -51.4% | -44.9% | -50.2% | +6.5% | -66.4% | -51.2% | -1.1% | +7.7% | +182.8% | +521.9% | |
| ROIC | 6.5% | 2.7% | 2.1% | 1.4% | 1.8% | 1.7% | 1.6% | 1.1% | 2.5% | 1.9% | 2.4% | 1.4% | 3.0% | 3.7% | 5.5% | 3.0% | 6.0% | 8.2% | 7.2% | 6.6% | 10.5% |
| — | +63.6% | +31.8% | +29.2% | -29.3% | -14.3% | -33.6% | -21.1% | -15.6% | -47.2% | -56.9% | -54.6% | -49.7% | -55.1% | -23.2% | -53.8% | -43.4% | -3.4% | +26.1% | +39.7% | +387.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.29 | 0.28 | 0.29 | 0.29 | 0.37 | 0.35 | 0.28 | 0.26 | 0.25 | 0.25 | 0.24 | 0.25 | 0.25 | 0.24 | 0.27 | 0.30 | 0.28 | 0.28 | 0.32 | 0.35 | 0.44 |
| — | -20.3% | +2.0% | +12.9% | +46.6% | +40.4% | +19.8% | +3.5% | -1.7% | +3.9% | -13.4% | -16.1% | -9.9% | -14.2% | -14.9% | -15.7% | -35.7% | -38.7% | -40.0% | -40.9% | -32.4% | |
| Debt / EBITDA | 1.68 | 4.72 | 5.79 | 7.28 | 7.97 | 8.15 | 7.11 | 8.53 | 4.74 | 5.85 | 4.74 | 6.48 | 4.06 | 3.28 | 2.67 | 4.43 | 2.67 | 2.07 | 2.42 | 2.74 | 2.24 |
| — | -42.1% | -18.5% | -14.7% | +68.2% | +39.3% | +49.9% | +31.8% | +16.9% | +78.3% | +77.3% | +46.2% | +51.8% | +58.5% | +10.6% | +61.8% | +19.1% | -23.1% | -45.5% | -46.7% | -77.7% | |
| Current Ratio | 2.89 | 2.87 | 2.76 | 2.89 | 2.70 | 2.89 | 2.64 | 3.01 | 2.98 | 2.83 | 2.79 | 2.59 | 2.93 | 2.94 | 2.49 | 2.32 | 2.25 | 2.22 | 2.43 | 2.33 | 2.70 |
| — | -0.7% | +4.5% | -3.9% | -9.2% | +2.1% | -5.5% | +16.4% | +1.5% | -3.8% | +12.3% | +11.4% | +30.1% | +32.3% | +2.3% | -0.2% | -16.4% | -13.8% | +5.5% | +14.1% | +11.7% | |
| Quick Ratio | 1.40 | 1.30 | 1.29 | 1.40 | 1.47 | 1.50 | 1.28 | 1.49 | 1.53 | 1.36 | 1.29 | 1.24 | 1.43 | 1.29 | 1.17 | 1.00 | 1.12 | 1.11 | 1.26 | 1.12 | 1.51 |
| — | -13.2% | +0.7% | -5.8% | -4.3% | +10.3% | -0.4% | +20.3% | +7.1% | +5.0% | +10.1% | +24.0% | +27.2% | +17.0% | -7.4% | -11.2% | -25.3% | -16.4% | +0.7% | -9.4% | +4.2% | |
| Interest Coverage | 15.98 | 8.52 | 6.36 | -1.83 | 5.01 | 4.66 | 30.19 | 15.55 | 52.68 | 34.71 | 65.98 | 22.39 | 49.44 | 60.84 | 111.07 | 69.78 | 78.25 | 102.51 | 101.03 | 62.31 | 148.56 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying GGB stock.
Gerdau S.A.'s current P/E is 37.8x. The average P/E over the last 3 quarters is 1.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Gerdau S.A.'s current operating margin is 8.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Gerdau S.A.'s business trajectory between earnings reports.