Analysis updated on Nov. 9, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Our AI scores Gerdau S.A. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Gerdau S.A. is a mid-cap company with a market capitalization of $9.20B. It ranks number 1 by market capitalization among the 6 Steel Works, Blast Furnaces & Rolling & Finishing Mills issuers in our coverage with a current forecast.
For GGB, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 37.0%, measured on 358 forecast dates between 2022-08-22 and 2026-08-11 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 5.0%, measured on 401 forecast dates between 2022-08-22 and 2026-10-09. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, GGB included.
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Steel Works, Blast Furnaces & Rolling & Finishing Mills peers listed below that report each metric. Statement values were filed in BRL and are shown converted to USD (flows at the trailing twelve-month average rate, balances at the balance-sheet date rate).
| Metric | GGB | Rank |
|---|---|---|
| Market Cap | $9.20B | 1/6 |
| Revenue/Share | $24.61 | – |
| FCF/Share | $1.68 | – |
| Metric | GGB | Rank |
|---|---|---|
| ROE | 46.4% | 1/5 |
| ROA | 30.5% | 1/5 |
| ROIC | 54.9% | 1/5 |
| Gross Margin | 16.4% | 3/6 |
| Operating Margin | 13.7% | 1/5 |
| Net Margin | 8.6% | 2/5 |
| EBT Margin | 11.5% | 2/6 |
| Tax Rate | 24.6% | – |
| Metric | GGB | Rank |
|---|---|---|
| Current Ratio | 2.89x | 2/6 |
| D/E Ratio | 0.52x | 5/6 |
| Financial Leverage | 1.52x | 5/6 |
| Working Capital | $3.42B | 1/6 |
| Metric | GGB | Rank |
|---|---|---|
| Operating Cash Flow | $7.47B | 1/6 |
| Free Cash Flow | $3.53B | – |
| Capital Spending | -$3.94B | – |
| FCF Growth YoY | 0.0% | – |
| FCF/Sales | 6.8% | – |
| CapEx/Sales | 7.6% | – |
| Metric | GGB | Rank |
|---|---|---|
| Asset Turnover | 3.53x | – |
| Fixed Assets Turnover | 9.4x | – |
| Metric | GGB | Rank |
|---|---|---|
| Total Revenue | $51.70B | – |
| Operating Income | $7.07B | 1/5 |
| Net Income | $4.46B | 1/5 |
| SG&A Expense | $1.56B | 1/6 |
| Cost of Goods Sold | $43.22B | 1/6 |
| Metric | GGB | Rank |
|---|---|---|
| Shares Outstanding | 2101M | – |
| Total Current Assets | $5.22B | 35.0% of assets |
| Cash & Short-term Investments | $1.08B | 7.3% of assets |
| Total Liabilities | $5.09B | 34.1% of assets |
Companies classified under the same SEC industry code as Gerdau S.A. (Steel Works, Blast Furnaces & Rolling & Finishing Mills): 6 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up freeLucas Laghi - XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A., Research Division Daniel Sasson - Itaú Corretora de Valores S.A., Research Division [Interpreted] Good morning.
Gerdau delivered strong Q1 2026 results, with consolidated net income of BRL 1 billion (up 50% QoQ, 34% YoY) and consolidated EBITDA of BRL 3 billion at an 18% margin, driven by robust North American ...
Gerdau remains a buy on strong North American operations, low valuation, and solid cash flow. Read here for a detailed ...
Our AI scores Gerdau S.A. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
For GGB, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 37.0%, measured on 358 forecast dates between 2022-08-22 and 2026-08-11 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 5.0%, measured on 401 forecast dates between 2022-08-22 and 2026-10-09. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Gerdau S.A. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 9, 2026.
6 issuers in our coverage, GGB included, share the SEC industry code Steel Works, Blast Furnaces & Rolling & Finishing Mills. The largest are: Worthington Enterprises, Inc. (WOR), Worthington Steel, Inc. (WS), Gibraltar Industries, Inc. (ROCK), Insteel Industries Inc (IIIN), Friedman Industries Inc (FRD).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.
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