ATLAS fair value
R$33.91
Below fair value · 62% discount
Banco do Estado do Rio Grande do Sul S.A PNB (BVMF: BRSR6) closed at R$12.91 on Nov 12, 2026 (-2.86%). 52-week range R$12.23–R$19.20; ATLAS model fair value R$33.91.
Updated Nov 12, 2026 · Source: EODHD / ATLAS model
Banco do Estado do Rio Grande do Sul S.A PNB stock price today, ATLAS forecast and fair value
Financial Services · Banks - Regional · B3 (Brasil Bolsa Balcão) · Brazil
Prices as of Nov 12, 2026 · BRL
R$33.91
Below fair value · 62% discount
48%
that it ends higher than today in 21 sessions
ATLAS's own quantitative analysis, all in one place.
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ATLAS estimates Banco do Estado do Rio Grande do Sul S.A PNB's fair value at about R$33.91 per share (reasonable range: R$30.52 to R$37.30). At R$12.91, the stock trades 62% below it.
It is calculated with valuation multiples of comparable companies. Confidence in the estimate is low. It is an estimate, not a promise: if the company's results change, so does its fair value.
ATLAS's model gives Banco do Estado do Rio Grande do Sul S.A PNB a 48% chance of finishing higher a month from now (21 trading sessions) than today: close to a coin flip.
In half of the simulated outcomes the price ends between R$11.65 and R$14.11; in 9 out of 10, between R$9.83 and R$16.71. Estimated annual volatility is 61%.
At a P/E ratio of 3.3, Banco do Estado do Rio Grande do Sul S.A PNB is valued below the sector median of 8.0.
| Measure | Banco do Estado do Rio Grande do Sul S.A PNB | Sector median |
|---|---|---|
| P/E ratio | 3.3 | 8.0 |
| Net margin | 22.4% | 26.1% |
| Price vs fair value (+ above, − below) | -62% | -32% |
Median of the 28 Financial Services companies ATLAS covers (Brazil). Banco do Estado do Rio Grande do Sul S.A PNB ranks #19 of 28 by market value among them.
Banco do Estado do Rio Grande do Sul S.A PNB shares fell 7.3% between the Nov 7, 2025 close (R$13.93) and the Nov 12, 2026 close (R$12.91). Weekly closes over the period ranged from R$12.36 to R$19.15. Past performance does not predict future results.
Key numbers for BRSR6.SA next to comparable companies in the same line of business.
| Company | Market cap | P/E | Net margin | Price vs fair value |
|---|---|---|---|---|
| Banco do Estado do Rio Grande do Sul S.A PNB (BVMF: BRSR6) | $1.1B | 3.3 | 22.4% | -62% |
| Banco do Estado do Rio Grande do Sul (BVMF: BRSR3) | $1.1B | 4.4 | 22.4% | -41% |
| Banco Mercantil do Brasil S.A PN (BVMF: BMEB4) | – | 7.1 | 14.7% | -31% |
| Banco Mercantil do Brasil (BVMF: BMEB3) | $1.1B | 6.1 | 14.9% | -29% |
| Banco do Nordeste do Brasil (BVMF: BNBR3) | $1.7B | 4.1 | 20.7% | – |
Price vs fair value: + means the price is above the ATLAS fair value estimate, − below it. Market cap in US dollars.
These are two different questions: fair value looks at the business (what it is worth given what it earns) and the odds look at the price over the next month. Banco do Estado do Rio Grande do Sul S.A PNB sits below fair value and its odds of rising over a month are close to a coin flip. An expensive stock can keep climbing and a cheap one can keep falling, which is why ATLAS shows the two readings separately.
Over the last 52 weeks BRSR6.SA has traded between R$12.23 and R$19.20. Today it is 32.8% below that high and 6% above its low.
On the business: net margin is 22.4%; it trades at 3.3 times earnings.
Its beta is 0.22: it tends to move less than the market.
Banco do Estado do Rio Grande do Sul S.A., a multiple-service bank, provides a range of banking products and services primarily in Brazil. The company engages in the retail banking, lending, financing and investment, mortgage loan, development, lease portfolio, and foreign exchange activities.
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Other companies in the same line of business:
About R$33.91 per share according to ATLAS (reasonable range: R$30.52 to R$37.30). With the stock at R$12.91, it is 62% below it.
48%: close to a coin flip. In half of the simulated outcomes, BRSR6.SA ends the month between R$11.65 and R$14.11.
Banco do Estado do Rio Grande do Sul S.A PNB's market capitalization is R$6.1B. Its price-to-earnings (P/E) ratio is 3.3: you pay R$3.33 for each R$1.00 of yearly earnings.
Yes. BRSR6.SA's current dividend yield is 12.20% at today's price (R$12.91).
Banco do Estado do Rio Grande do Sul S.A PNB shares fell 7.3% between the Nov 7, 2025 close (R$13.93) and the Nov 12, 2026 close (R$12.91). Weekly closes over the period ranged from R$12.36 to R$19.15. Past performance does not predict future results.
Not investment advice. ATLAS estimates are produced by statistical models from public data; they can be wrong and past performance does not predict future results. Consider your own situation before investing. Disclaimer
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