Gerdau S.A. (GGB) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Gerdau S.A. (GGB) stock forecast summary
Our AI ranks Gerdau S.A. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Gerdau S.A. is a large-cap company with a market capitalization of $10.55B. 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 35.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 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 6.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% 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 ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How GGB ranks among 5184 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Gerdau S.A. (GGB) fundamentals
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).
Valuation & Market
| Metric | GGB | Rank |
|---|---|---|
| Market Cap | $10.55B | 1/6 |
| Revenue/Share | $24.61 | – |
| FCF/Share | $1.68 | – |
Profitability & Margins
| Metric | GGB | Rank |
|---|---|---|
| ROE | 46.4% | 1/6 |
| ROA | 30.5% | 1/6 |
| ROIC | 54.9% | 1/5 |
| Gross Margin | 16.4% | 3/6 |
| Operating Margin | 13.7% | 1/5 |
| Net Margin | 8.6% | 2/6 |
| EBT Margin | 11.5% | 2/6 |
| Tax Rate | 24.6% | – |
Financial Health
| Metric | GGB | Rank |
|---|---|---|
| Current Ratio | 2.89x | 3/6 |
| D/E Ratio | 0.52x | 5/6 |
| Financial Leverage | 1.52x | 5/6 |
| Working Capital | $3.42B | 1/6 |
Cash Flow
| 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% | – |
Operational Efficiency
| Metric | GGB | Rank |
|---|---|---|
| Asset Turnover | 3.53x | – |
| Fixed Assets Turnover | 9.4x | – |
Income Statement
| Metric | GGB | Rank |
|---|---|---|
| Total Revenue | $51.70B | – |
| Operating Income | $7.07B | 1/5 |
| Net Income | $4.46B | 1/6 |
| SG&A Expense | $1.56B | 1/6 |
| Cost of Goods Sold | $43.22B | 1/6 |
Dividend & Shareholder Information
| Metric | GGB | Rank |
|---|---|---|
| Shares Outstanding | 2101M | – |
Balance Sheet Highlights (USD millions, converted from BRL)
| 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 |
GGB quarterly financials and insider trading
Gerdau S.A. (GGB) industry peers
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.
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Gerdau S.A. (GGB) stock news
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Gerdau S.A. (GGB) stock forecast FAQ
What is the Gerdau S.A. (GGB) stock forecast?
Our AI ranks Gerdau S.A. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Gerdau S.A. stock predictions?
For GGB, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 35.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 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 6.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Gerdau S.A. forecasts updated?
Gerdau S.A. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Gerdau S.A.'s industry peers?
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.