Last 48 quarters of trend data · Basic Materials · Industrial Materials
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Vale S.A.'s quarterly P/E stands at 9.0x, up 19.6% year-over-year — indicating the stock has re-rated higher or earnings have softened.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 28.43 | 9.04 | — | 4.31 | 4.86 | 7.56 | — | 5.21 | 4.30 | 7.81 | 7.08 | 5.08 | 15.98 |
| — | +19.6% | — | -17.4% | +13.0% | -3.2% | — | +2.7% | -73.1% | -18.8% | +38.5% | +49.4% | +288.8% | |
| P/S Ratio | 1.88 | 1.84 | 1.26 | 1.12 | 1.18 | 1.31 | 0.99 | 1.31 | 1.20 | 1.54 | 1.32 | 1.36 | 1.53 |
| — | +39.8% | +27.5% | -14.6% | -2.2% | -14.8% | -25.1% | -4.1% | -21.1% | -26.0% | -18.3% | -10.8% | -0.4% | |
| P/B Ratio | 2.04 | 1.81 | 1.61 | 1.10 | 1.02 | 1.17 | 1.10 | 1.26 | 1.25 | 1.34 | 1.68 | 1.47 | 1.47 |
| — | +54.6% | +47.2% | -12.5% | -17.7% | -12.5% | -34.7% | -14.2% | -15.0% | -25.9% | -18.0% | -16.2% | -20.7% | |
| P/FCF | 23.52 | 24.30 | 19.23 | 9.70 | 14.16 | 25.15 | 16.15 | 63.47 | — | 5.98 | 6.49 | 10.32 | 21.34 |
| — | -3.4% | +19.1% | -84.7% | — | +320.6% | +149.0% | +515.1% | — | -15.6% | -95.8% | +47.5% | +184.1% | |
| EV / EBITDA | 5.95 | 5.87 | 4.37 | 3.59 | 5.05 | 5.72 | 7.51 | 3.50 | 3.79 | 5.19 | 3.41 | 4.36 | 4.83 |
| — | +2.7% | -41.8% | +2.6% | +33.3% | +10.1% | +120.2% | -19.6% | -21.5% | -9.8% | -32.5% | -10.9% | +28.0% | |
| EV / EBIT | 7.58 | 7.65 | 5.80 | 4.95 | 5.57 | 6.15 | 4.60 | 5.16 | 4.52 | 6.87 | 4.41 | 5.36 | 5.87 |
| — | +24.5% | +26.1% | -4.2% | +23.4% | -10.6% | +4.3% | -3.7% | -23.0% | -11.7% | -40.3% | +65.7% | +63.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Vale S.A.'s operating margin was 28.8% in Q1 2026, up 2.5 pp QoQ and up 6.7 pp YoY. The trailing four-quarter average of 27.7% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.4% | 33.0% | 36.9% | 36.4% | 30.9% | 32.9% | 38.1% | 34.3% | 36.0% | 36.6% | 46.9% | 40.6% | 38.6% |
| — | +0.4% | -3.2% | +6.4% | -14.2% | -10.1% | -18.8% | -15.7% | -6.7% | -11.5% | +17.1% | +11.1% | -17.3% | |
| Operating Margin | 29.0% | 28.8% | 26.3% | 32.8% | 22.8% | 22.2% | 10.3% | 38.5% | 39.1% | 28.9% | 39.7% | 30.8% | 29.7% |
| — | +30.2% | +155.3% | -14.6% | -41.7% | -23.4% | -74.0% | +24.8% | +31.6% | -15.3% | +35.8% | +8.4% | -22.8% | |
| Net Margin | 6.5% | 20.4% | -35.3% | 25.8% | 24.0% | 17.2% | -7.9% | 25.2% | 27.9% | 19.8% | 18.6% | 26.7% | 9.2% |
| — | +19.1% | -348.0% | +2.1% | -13.9% | -13.5% | -142.4% | -5.4% | +202.7% | -8.9% | -40.4% | -40.5% | -83.3% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.2% | 5.3% | -10.2% | 6.5% | 5.5% | 3.9% | -2.0% | 6.2% | 7.2% | 4.2% | 6.0% | 7.1% | 2.3% |
| — | +33.8% | -399.7% | +5.0% | -23.1% | -6.6% | -133.8% | -13.1% | +217.9% | -12.6% | -41.4% | -42.8% | -86.2% | |
| ROA | 3.0% | 2.2% | -4.4% | 3.0% | 2.4% | 1.7% | -0.9% | 2.7% | 3.1% | 1.8% | 2.6% | 3.1% | 1.0% |
| — | +27.5% | -390.4% | +7.6% | -21.6% | -6.0% | -133.8% | -12.5% | +212.1% | -14.0% | -40.1% | -41.8% | -85.6% | |
| ROIC | 17.7% | 4.1% | 4.3% | 4.7% | 2.8% | 2.7% | 1.5% | 5.4% | 5.7% | 3.4% | 7.3% | 4.7% | 4.2% |
| — | +49.3% | +187.5% | -14.5% | -50.4% | -20.4% | -79.5% | +15.0% | +34.7% | -21.7% | +29.9% | +0.6% | -38.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Vale S.A.'s Debt/EBITDA ratio is 5.4x, up from 5.0x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 11.7% YoY to 1.24x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.56 | 0.50 | 0.56 | 0.44 | 0.50 | 0.51 | 0.51 | 0.42 | 0.46 | 0.44 | 0.41 | 0.42 | 0.41 |
| — | -1.6% | +9.5% | +5.0% | +9.4% | +14.8% | +24.8% | +0.3% | +12.1% | +9.1% | -0.4% | -2.9% | -4.5% | |
| Debt / EBITDA | 1.37 | 5.41 | 5.02 | 4.50 | 7.29 | 7.41 | 10.53 | 3.75 | 4.53 | 5.47 | 2.81 | 4.07 | 4.51 |
| — | -27.0% | -52.4% | +20.1% | +61.1% | +35.5% | +275.2% | -7.9% | +0.4% | +22.2% | -21.7% | -1.4% | +45.3% | |
| Current Ratio | 1.15 | 1.24 | 1.15 | 1.24 | 1.22 | 1.11 | 1.03 | 0.91 | 1.08 | 1.12 | 1.28 | 1.08 | 1.15 |
| — | +11.7% | +11.9% | +36.1% | +12.6% | -0.7% | -19.3% | -15.4% | -5.9% | +0.0% | +14.2% | +0.4% | -13.3% | |
| Quick Ratio | 0.78 | 0.79 | 0.78 | 0.82 | 0.85 | 0.74 | 0.68 | 0.58 | 0.73 | 0.79 | 0.96 | 0.70 | 0.76 |
| — | +6.5% | +14.8% | +40.5% | +16.8% | -6.2% | -29.1% | -16.7% | -4.4% | +7.3% | +20.3% | +5.2% | -14.8% | |
| Interest Coverage | 7.12 | 6.57 | 6.58 | 7.99 | 6.66 | 7.05 | 5.42 | 8.52 | 9.56 | 7.35 | 13.36 | 10.11 | 8.39 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Vale S.A.'s current P/E is 28.4x. The average P/E over the last 3 quarters is 6.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Vale S.A.'s current operating margin is 29.0%. 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 Vale S.A.'s business trajectory between earnings reports.