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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Gerdau's average diluted shares outstanding for the quarter that ended in Mar. 2026 was 1,984 Mil.
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Be Aware
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Gerdau Shares Outstanding (Diluted Average) Related Terms
Gerdau Shares Outstanding (Diluted Average) Historical Data
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The historical data trend for Gerdau's Shares Outstanding (Diluted Average) 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.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
What does a Shares Outstanding (Diluted Average) of 1,984 Mil mean?
Gerdau (FRA:GDUB) has a Shares Outstanding (Diluted Average) of 1,984 Mil as of Mar. 2026. The average shares outstanding over two periods including dilutive securities like preferred shares and convertibles. View historical data on Gerdau and its competitors.
Is Gerdau's Shares Outstanding (Diluted Average) too high?
Gerdau's current Shares Outstanding (Diluted Average) is 1,984 Mil. Overall, Gerdau has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gerdau's Shares Outstanding (Diluted Average) compare to NUE and STLD?
Gerdau's Shares Outstanding (Diluted Average) of 1,984 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Diluted Average) for a Steel company?
A good Shares Outstanding (Diluted Average) depends on the Steel industry context. However, Shares Outstanding (Diluted Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Diluted Average) mean?
A high Shares Outstanding (Diluted Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods including dilutive securities like preferred shares and convertibles. View historical data on Gerdau and its competitors. Gerdau's current Shares Outstanding (Diluted Average) is 1,984 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gerdau stock overvalued right now?
Based on GuruFocus' analysis, Gerdau (FRA:GDUB) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.15, compared to a current price of €4.26 — trading 35.2% above its estimated fair value. The current Shares Outstanding (Diluted Average) is 1,984 Mil. Gerdau's overall GF Score™ is 66/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Diluted Average) calculated?
Shares Outstanding (Diluted Average) is calculated from a company's financial statements. For Gerdau (FRA:GDUB), the current Shares Outstanding (Diluted Average) is 1,984 Mil as of Mar. 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 Gerdau (FRA:GDUB) Overvalued in 2026?
Based on GuruFocus' analysis, Gerdau stock appears to be overvalued.
The current stock price of €4.26 is trading 35.2% above its estimated GF Value™ of €3.15.
GuruFocus considers Gerdau to be Significantly Overvalued.
Key valuation signals for FRA:GDUB:
Shares Outstanding (Diluted Average): 1,984 Mil
GF Value™: €3.15 vs. price of €4.26 (35.2% above fair value)
No single metric tells the full story. See the FRA:GDUB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gerdau SA produces steel and steel products. The company operates in civil construction, agriculture, automotive, iron ore, exports, research and development, and home steel products sectors. It offers products such as nails, rebar, columns, billets, slabs, tribar tutors, mechanical construction bars, and reinforced steel locks. The company's geographical segment includes Brazil Segment; North America Segment; South America Segment as well as Special Steel Operations. It derives the majority of its revenue from the Brazil Operations segment, which includes the long, flat and special steel operations and the iron ore operation located in Brazil and joint ventures and associated companies located in Brazil.
66GF Score
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