Usinas Siderurgicas de Minas Gerais (BSP:USIM3) PB Ratio: 0.46 (As of Jun. 26, 2026) — 37% Below Median


BSP:USIM3 Usinas Siderurgicas de Minas Gerais SA BSP:USIM3
60 GF Score
Price R$7.70
GF Value R$5.93
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Usinas Siderurgicas de Minas Gerais PB Ratio?

Usinas Siderurgicas de Minas Gerais BSP:USIM3 -1.91% 60 PB Ratio is 0.46 as of Jun. 26, 2026, which is 37% below its 10-year median of 0.73. GuruFocus rates BSP:USIM3 with a GF Score™ of 60/100 and a GF Value™ of R$5.93 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 612 Steel companies, Usinas Siderurgicas de Minas Gerais ranks better than 78.1% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-26), Usinas Siderurgicas de Minas Gerais's share price is R$7.70. Usinas Siderurgicas de Minas Gerais's Book Value per Share for the quarter that ended in Mar. 2026 was R$16.68. Hence, Usinas Siderurgicas de Minas Gerais's PB Ratio of today is 0.46.

The historical rank and industry rank for Usinas Siderurgicas de Minas Gerais's PB Ratio or its related term are showing as below:

BSP:USIM3' s PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.73   Max: 1.85
Current: 0.45

During the past 13 years, Usinas Siderurgicas de Minas Gerais's highest PB Ratio was 1.85. The lowest was 0.20. And the median was 0.73.

BSP:USIM3's PB Ratio is ranked better than
78.1% of 612 companies
in the Steel industry
Industry Median: 0.965 vs BSP:USIM3: 0.45

During the past 12 months, Usinas Siderurgicas de Minas Gerais's average Book Value Per Share Growth Rate was -15.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -3.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 5.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 6.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Usinas Siderurgicas de Minas Gerais was 38.80% per year. The lowest was -13.30% per year. And the median was 2.85% per year.

Back to Basics: PB Ratio


Usinas Siderurgicas de Minas Gerais  (BSP:USIM3) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Usinas Siderurgicas de Minas Gerais PB Ratio Related Terms


Usinas Siderurgicas de Minas Gerais PB Ratio Historical Data

* Premium members only.

The historical data trend for Usinas Siderurgicas de Minas Gerais's PB Ratio 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 PB Ratio Chart

Usinas Siderurgicas de Minas Gerais Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 0.39 0.47 0.27 0.35

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
PB Ratio 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 0.28 0.21 0.25 0.35 0.40

BSP:USIM3 vs NUE, STLD, RS: PB Ratio Comparison

For the Steel subindustry, Usinas Siderurgicas de Minas Gerais's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Usinas Siderurgicas de Minas Gerais's PB Ratio distribution charts can be found below:

* The bar in red indicates where Usinas Siderurgicas de Minas Gerais's PB Ratio falls into.


BSP:USIM3
60GF Score
Usinas Siderurgicas de Minas Gerais SA BSP:USIM3
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Usinas Siderurgicas de Minas Gerais PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Usinas Siderurgicas de Minas Gerais's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=7.70/16.684
=0.46

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.46 mean?
Usinas Siderurgicas de Minas Gerais (BSP:USIM3) has a PB Ratio of 0.46 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Usinas Siderurgicas de Minas Gerais and its competitors. This is 37% below median its historical median of 0.73. Over the past decade, Usinas Siderurgicas de Minas Gerais' PB Ratio has ranged from 0.20 to 1.85. According to the industry distribution chart, Usinas Siderurgicas de Minas Gerais ranks #134 out of 612 companies in the Steel industry, placing it in the top 21.9%.
Is Usinas Siderurgicas de Minas Gerais' PB Ratio too high?
Usinas Siderurgicas de Minas Gerais' current PB Ratio of 0.46 is 37% below median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.85. The Steel industry median PB Ratio is 0.97. Usinas Siderurgicas de Minas Gerais' value of 0.46 is 52.3% below this industry median. Based on the distribution chart, Usinas Siderurgicas de Minas Gerais ranks #134 out of 612 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Usinas Siderurgicas de Minas Gerais has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Usinas Siderurgicas de Minas Gerais' PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Usinas Siderurgicas de Minas Gerais ranks #134 out of 612 companies for PB Ratio. This places Usinas Siderurgicas de Minas Gerais in the top 22% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.97. Usinas Siderurgicas de Minas Gerais' value of 0.46 is 52.3% below this benchmark. Historically, Usinas Siderurgicas de Minas Gerais' own PB Ratio has ranged from 0.20 to 1.85 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 0.97, Usinas Siderurgicas de Minas Gerais has consistently been below 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 PB Ratio for a Steel company?
The median PB Ratio among Steel companies is 0.97, based on 612 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Usinas Siderurgicas de Minas Gerais's current PB Ratio of 0.46 is 52.3% below 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Usinas Siderurgicas de Minas Gerais and its competitors. For the Steel industry, the median PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Usinas Siderurgicas de Minas Gerais's current PB Ratio is 0.46, which is 37% below median its own 10-year median of 0.73. 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 (BSP:USIM3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$5.93, compared to a current price of R$7.70 — trading 29.8% above its estimated fair value. The current PB Ratio is 0.46, which is 37% below median its 10-year median of 0.73 and 52.3% below the Steel industry median of 0.97. Usinas Siderurgicas de Minas Gerais' overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Usinas Siderurgicas de Minas Gerais (BSP:USIM3), the current PB Ratio is 0.46 as of Jun. 26, 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 (BSP:USIM3) Overvalued in 2026?

Based on GuruFocus' analysis, Usinas Siderurgicas de Minas Gerais stock appears to be overvalued. The current stock price of R$7.70 is trading 29.8% above its estimated GF Value™ of R$5.93. GuruFocus considers Usinas Siderurgicas de Minas Gerais to be Modestly Overvalued.

Key valuation signals for BSP:USIM3:

  • PB Ratio: 0.46 (37% below median its 10-year median of 0.73)
  • GF Value™: R$5.93 vs. price of R$7.70 (29.8% above fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 52.3% below the Steel median (#134 of 612)

No single metric tells the full story. See the BSP:USIM3 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.
60GF Score

Get the complete analysis for BSP:USIM3

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

R$7.70
Price
R$5.93
GF Value