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GGBR4.SA · Intrinsic value

Is Gerdau S.A. (GGBR4.SA) overvalued or undervalued?

As of Oct 19, 2026, TickerWorth's valuation lenses put Gerdau S.A. (GGBR4.SA) at R$13.81 – R$88.82, too broad a range to say where the delayed market price of R$25.86 sits in it, so we do not call it over- or undervalued. It is a model estimate, and every input behind it is sourced below.

Model by · generated from market data · Updated Oct 19, 2026 · How these pages are made

What is GGBR4.SA worth?

Fair-value range
R$13.81 – R$88.82
Market price
R$25.86
Gap to fair value
—
Verdict
Too wide to call
Price as of · Prices are delayed.Our valuation lenses disagree too widely on this company for us to publish a single number, so we publish the range instead. We do not call it over- or undervalued from a spread this wide.
Fair-value range against the delayed market price: Too wide to call.

Reverse DCF: Today's price implies revenue growth of 0.4% a year for 5 years; our model assumes 3.0% a year on average over the same horizon.

What is GGBR4.SA's TickerWorth Score?

A65/100

Cheap against our estimate — but a weaker business

Compared with Basic Materials companies in Latin America

Its strongest point: trades below our estimate of what it's worth. Its weakest: profitability is weak.

  • Value · 75 of 100

    Cheaper than 75% of Basic Materials companies worldwide

  • Price vs worth · 94 of 100
  • Quality · 23 of 100

    More profitable than 23% of Basic Materials companies worldwide

  • Financial health · 63 of 100

    Financially stronger than 63% of Basic Materials companies worldwide

  • Growth · 63 of 100

    Growing faster than 63% of Basic Materials companies worldwide

  • Momentum · 90 of 100

    Outperformed 90% of Basic Materials companies worldwide over the past year

Confidence: Medium confidence · Scored

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Why GGBR4.SA gets a range, not one number

At a recent price of 25.86, Gerdau S.A. (GGBR4.SA) sits inside a range too wide to call either way: our valuation lenses put the business somewhere between 13.81 and 88.82 per share. They disagree too widely for us to state a single fair value.

Read the full reasoning

We publish the range rather than a midpoint because a number that precise would claim more than the methods can support. This is an educational model, not a price target or a recommendation.

The valuation discounts Gerdau S.A.'s projected free cash flows at a weighted-average cost of capital (WACC) of 8.6%, with a long-run terminal growth rate of 2.5%. About 75% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.

Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 0.4% annual revenue growth for GGBR4.SA. Our base case instead compounds to about 3.0% a year over the same forecast, so the market is pricing in slower growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.

Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, GGBR4.SA's modeled DCF value ranges from about 20.22 to 51.14 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.

How to read this page: the DCF fair value is what Gerdau S.A. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of GGBR4.SA's intrinsic value. Figures update as new filings and prices come in.

Every input behind GGBR4.SA's DCF

InputValue
Base-year revenueLive feed — totalRevenue (TTM)69,543,740,000
Base EBIT marginComputed — trailing operatingMargins, held roughly flat12.8%
Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast2% → 2% → 3% → 4% → 4%
Risk-free rateLive feed — US 10-year Treasury yield (^TNX)5.3%
BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5)0.89
Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC2.5%
Diluted sharesLive feed — sharesOutstanding1,962M
Market priceDelayed quote · as of 2026-10-19 17:02 UTC25.86

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What does Gerdau S.A. do?

What does it do?

Gerdau S.A., together with its subsidiaries, operates as a steel producer company. It operates through Brazil Business, North America Business, and South America Business segments. It operates in the Steel industry (Basic Materials sector), headquartered in Brazil. The company employs roughly 30,000 people.

How does it make money?

The business turns 69.5B in annual revenue into profit. Out of every $100 of sales, about $13 is left as operating profit (operating margin of 12.7%), after a 13% gross margin on the products/services it sells. After all costs, taxes and interest, 3.2% of revenue becomes bottom-line net profit.

Is it financially healthy?

Financially it looks mixed: carries modest debt (0.3× equity), comfortably covers its short-term bills (2.9× current ratio), and is currently profitable.

GGBR4.SA insider trading

Insider filings are available for US-listed companies only.

Common questions

  • What is GGBR4.SA's intrinsic value?

    TickerWorth's valuation lenses put Gerdau S.A. (GGBR4.SA) between 13.81 and 88.82 per share, versus a market price of 25.86. They disagree too widely for us to state a single fair value, so we publish the range.

  • Is GGBR4.SA overvalued or undervalued?

    At 25.86 the price sits inside a range too wide to call either way. We don't call GGBR4.SA overvalued or undervalued from a range this wide. This is an educational estimate, not advice.

  • What discount rate is used for GGBR4.SA?

    A WACC of 8.6% and a terminal growth rate of 2.5%.

  • Is Gerdau stock undervalued?

    TickerWorth's fair-value range for Gerdau S.A. (GGBR4.SA) is R$13.81 – R$88.82 against a market price of R$25.86. Too wide to call. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.

  • Gerdau (GGBR4.SA) DCF valuation and fair value

    Our fair-value range for Gerdau S.A. (GGBR4.SA) is R$13.81 – R$88.82, built on a 8.6% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.

  • What growth is priced into Gerdau stock?

    Today's price implies revenue growth of 0.4% a year for 5 years; our model assumes 3.0% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of R$25.86. A model estimate, not investment advice.

  • Gerdau (GGBR4.SA) insider trading

    We have no recent SEC Form 4 insider filings on file for Gerdau S.A. (GGBR4.SA). Form 4 covers US-listed companies only.

Not investment advice. TickerWorth Score is a model output.

Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.