Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO) EV-to-EBITDA: 60.91 (As of Jul. 14, 2026) — 752% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XMAD:XUSIO Usinas Siderurgicas de Minas Gerais SA XMAD:XUSIO
48 GF Score
Price €1.28
GF Value €0.98
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Usinas Siderurgicas de Minas Gerais EV-to-EBITDA?

Usinas Siderurgicas de Minas Gerais XMAD:XUSIO 48 EV-to-EBITDA is 60.91 as of Jul. 14, 2026, which is 752% above its 10-year median of 7.15. GuruFocus rates XMAD:XUSIO with a GF Score™ of 48/100 and a GF Value™ of €0.98 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 527 Steel companies, Usinas Siderurgicas de Minas Gerais ranks worse than 92.22% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Usinas Siderurgicas de Minas Gerais's enterprise value is €2,164 Mil. Usinas Siderurgicas de Minas Gerais's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €36 Mil. Therefore, Usinas Siderurgicas de Minas Gerais's EV-to-EBITDA for today is 60.91.

The historical rank and industry rank for Usinas Siderurgicas de Minas Gerais's EV-to-EBITDA or its related term are showing as below:

XMAD:XUSIO' s EV-to-EBITDA Range Over the Past 10 Years
Min: -6.07   Med: 7.15   Max: 621462.24
Current: 64.12

During the past 13 years, the highest EV-to-EBITDA of Usinas Siderurgicas de Minas Gerais was 621462.24. The lowest was -6.07. And the median was 7.15.

XMAD:XUSIO's EV-to-EBITDA is ranked worse than
92.22% of 527 companies
in the Steel industry
Industry Median: 9.87 vs XMAD:XUSIO: 64.12

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-07-14), Usinas Siderurgicas de Minas Gerais's stock price is €1.28. Usinas Siderurgicas de Minas Gerais's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €-0.334. Therefore, Usinas Siderurgicas de Minas Gerais's PE Ratio (TTM) for today is At Loss.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Usinas Siderurgicas de Minas Gerais  (XMAD:XUSIO) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Usinas Siderurgicas de Minas Gerais's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=1.28/-0.334
=At Loss

Usinas Siderurgicas de Minas Gerais's share price for today is €1.28.
Usinas Siderurgicas de Minas Gerais's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.334.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Usinas Siderurgicas de Minas Gerais EV-to-EBITDA Related Terms


Usinas Siderurgicas de Minas Gerais EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Usinas Siderurgicas de Minas Gerais's EV-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Usinas Siderurgicas de Minas Gerais EV-to-EBITDA Chart

Usinas Siderurgicas de Minas Gerais Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.52 2.94 5.35 6.15 14.67

Usinas Siderurgicas de Minas Gerais Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.78 4.38 503,657.22 14.67 56.08

XMAD:XUSIO vs NUE, STLD, RS: EV-to-EBITDA Comparison

For the Steel subindustry, Usinas Siderurgicas de Minas Gerais's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Usinas Siderurgicas de Minas Gerais EV-to-EBITDA vs Steel Industry

For the Steel industry and Basic Materials sector, Usinas Siderurgicas de Minas Gerais's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Usinas Siderurgicas de Minas Gerais's EV-to-EBITDA falls into.


XMAD:XUSIO
48GF Score
Usinas Siderurgicas de Minas Gerais SA XMAD:XUSIO
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Usinas Siderurgicas de Minas Gerais EV-to-EBITDA Calculation

Usinas Siderurgicas de Minas Gerais's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=2163.921/35.525
=60.91

Usinas Siderurgicas de Minas Gerais's current Enterprise Value is €2,164 Mil.
Usinas Siderurgicas de Minas Gerais's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €36 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 60.91 mean?
Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO) has a EV-to-EBITDA of 60.91 as of Jul. 14, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Usinas Siderurgicas de Minas Gerais. This is 752% above median its historical median of 7.15. According to the industry distribution chart, Usinas Siderurgicas de Minas Gerais ranks #486 out of 527 companies in the Steel industry, placing it in the top 92.2%.
Is Usinas Siderurgicas de Minas Gerais' EV-to-EBITDA too high?
Usinas Siderurgicas de Minas Gerais' current EV-to-EBITDA of 60.91 is 752% above median its 10-year median of 7.15. The Steel industry median EV-to-EBITDA is 9.87. Usinas Siderurgicas de Minas Gerais' value of 60.91 is 517.1% above this industry median. Based on the distribution chart, Usinas Siderurgicas de Minas Gerais ranks #486 out of 527 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Usinas Siderurgicas de Minas Gerais has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Usinas Siderurgicas de Minas Gerais' EV-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, Usinas Siderurgicas de Minas Gerais ranks #486 out of 527 companies for EV-to-EBITDA. This places Usinas Siderurgicas de Minas Gerais in the lower half of its industry. The industry median EV-to-EBITDA is 9.87. Usinas Siderurgicas de Minas Gerais' value of 60.91 is 517.1% above this benchmark. While the company's 10-year median is 7.15 vs. the industry median of 9.87, Usinas Siderurgicas de Minas Gerais has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Steel company?
The median EV-to-EBITDA among Steel companies is 9.87, based on 527 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Usinas Siderurgicas de Minas Gerais's current EV-to-EBITDA of 60.91 is 517.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Usinas Siderurgicas de Minas Gerais. For the Steel industry, the median EV-to-EBITDA is 9.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Usinas Siderurgicas de Minas Gerais's current EV-to-EBITDA is 60.91, which is 752% above median its own 10-year median of 7.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Usinas Siderurgicas de Minas Gerais stock overvalued right now?
Based on GuruFocus' analysis, Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.98, compared to a current price of €1.28 — trading 30.6% above its estimated fair value. The current EV-to-EBITDA is 60.91, which is 752% above median its 10-year median of 7.15 and 517.1% above the Steel industry median of 9.87. Usinas Siderurgicas de Minas Gerais' overall GF Score™ is 48/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO), the current EV-to-EBITDA is 60.91 as of Jul. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO) Overvalued in 2026?

Based on GuruFocus' analysis, Usinas Siderurgicas de Minas Gerais stock appears to be overvalued. The current stock price of €1.28 is trading 30.6% above its estimated GF Value™ of €0.98. GuruFocus considers Usinas Siderurgicas de Minas Gerais to be Significantly Overvalued.

Key valuation signals for XMAD:XUSIO:

  • EV-to-EBITDA: 60.91 (752% above median its 10-year median of 7.15)
  • GF Value™: €0.98 vs. price of €1.28 (30.6% above fair value)
  • GF Score™: 48/100 with 5 warning signs
  • Industry Position: 517.1% above the Steel median (#486 of 527)

No single metric tells the full story. See the XMAD:XUSIO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Usinas Siderurgicas de Minas Gerais Business Description

Address Av. do Contorno, 6594, 11th Floor Funcionarios, Belo Horizonte, MG, BRA, 30110-044
Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company engaged in producing and distributing flat steel products. The company's product portfolio comprises ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the export destination markets for the company.
48GF Score

Get the complete analysis for XMAD:XUSIO

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.28
Price
€0.98
GF Value