Gerdau remains a buy with strong North American ops and undervalued stock at 4.2x EV/EBITDA.

Gerdau is recommended as a buy due to its strong North American operations and diversified geographic presence. The stock trades at a conservative 4.2x EV/EBITDA, below the sector average of 7.8x, suggesting potential upside. The company shows healthy cash flow, disciplined investments, and a solid balance sheet. Risks include weak demand in Brazil, cost pressures, and possible US-Mexico steel market agreements.

Gerdau stock trades at USD 4.66 on Pluang as of Oct 31, 2026, 14:01 WIB, down 1.69% for the day. The company holds a market cap of $8.84 billion and offers a dividend yield of 5.38%. Its enterprise value stands at $10.60 billion, reflecting its size in the basic materials sector.