Metalurgica Gerdau S.A vs JSW Steel: Fair Value & Quality
Both stocks run through our valuation models. Here is how Metalurgica Gerdau S.A (GOAU3) and JSW Steel (JSWSTEEL) compare, as of Aug 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees JSW Steel as the less overvalued of the two: Metalurgica Gerdau S.A trades at BRL 9.90 versus a fair value of BRL 6.85 (-31%), while JSW Steel trades at ₹1,270 versus ₹1,140 (-10%).
Metalurgica Gerdau S.A
GOAU3.SA · BRL · Materials
-31%
upside to fair value
overvalued
PriceBRL 9.90
Fair ValueBRL 6.85
Quality36/100
JSW Steel
JSWSTEEL.NSE · INR · Materials
-10%
upside to fair value
overvalued
Price₹1,270
Fair Value₹1,140
Quality52/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Metalurgica Gerdau S.AJSW Steel
Valuation
25.4×P/E (TTM)13.5×
0.18×P/S (TTM)1.62×
0.65×P/B2.99×
2.2×EV/EBITDA10.3×
0.57×PEG—
3.5%Dividend yield0.6%
BRL 0.33Dividend per share₹7.10
Profitability
1%Net margin12%
11%Operating margin19%
3%Return on equity27%
5%Return on assets6%
Growth
-4%Revenue growth (YoY)14%
-5.4%Avg. growth/yr (3Y)3.8%
9.8%Avg. growth/yr (5Y)18.4%
Balance & size
0.69×Debt / equity0.76×
$2BMarket cap$31B
healthyGrowth qualityexpensive
JSW Steel leads: 5 to 8 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Metalurgica Gerdau S.Aof which business quality 36 · market factors 72JSW Steelof which business quality 49 · market factors 65
ProfitabilityMargins and returns on capital today
28
54
Quality GrowthAre margins and returns improving?
47
59
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
72
50
Low VolatilityCalm price path (market factor)
71
88
MomentumPrice trend over the last 3–12 months (market factor)
63
47
52W MomentumDistance to the 52-week high (market factor)
90
69
Net IssuanceBuybacks instead of dilution
1
80
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Metalurgica Gerdau S.A
DCF ModelsBRL 31.37
Earnings-BasedBRL 4.51
Dividend DiscountBRL 15.85
MultiplesBRL 28.85
Asset-BasedBRL 9.66
Growth DCFBRL 25.06
Economic ProfitBRL 24.88
Growth EarningsBRL 5.37
12 of 25 models see the stock below the current price.
JSW Steel
DCF Models₹1,139
Earnings-Based₹1,310
Dividend Discount₹53.61
Multiples₹1,110
Asset-Based₹275
Growth DCF₹569
Economic Profit₹953
Growth Earnings₹1,743
19 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Metalurgica Gerdau S.A
Bear BRL 4.50Fair Value BRL 6.85Bull BRL 7.50
BRL 9.90 = current price (white tick)
JSW Steel
Bear ₹622Fair Value ₹1,140Bull ₹1,703
₹1,270 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Metalurgica Gerdau S.A · Materials
Quality score36 · bottom 25%
Fair value upside-31% · below median
JSW Steel · Materials
Quality score52 · above median
Fair value upside-10% · above median
Bottom line
As of Aug 14, 2026, Fair Value Calculator sees JSW Steel as the less overvalued of the two: Metalurgica Gerdau S.A trades at BRL 9.90 versus a fair value of BRL 6.85 (-31%), while JSW Steel trades at ₹1,270 versus ₹1,140 (-10%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
