Vale S.A. Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 1, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	354,309	307,181	232,876	332,180	403,746	381,376
Market Cap Growth	47.45%	31.91%	-29.89%	-17.72%	5.87%	-14.99%
Enterprise Value	433,167	394,212	305,657	401,838	463,441	417,918
Last Close Price	83.00	71.96	48.21	62.44	66.24	53.01
PE Ratio	25.70	22.24	7.37	8.32	4.21	3.15
Forward PE	8.02	6.87	4.97	6.02	5.73	4.09
PS Ratio	1.66	1.44	1.13	1.60	1.78	1.30
PB Ratio	1.88	1.63	1.09	1.68	2.07	1.94
P/TBV Ratio	2.62	2.28	1.64	2.47	3.02	2.68
P/FCF Ratio	23.04	19.98	15.42	9.11	13.45	3.48
P/OCF Ratio	7.27	6.30	4.64	5.04	6.94	2.79
PEG Ratio	0.12	1.03	1.03	1.03	1.03	1.03
EV/Sales Ratio	2.03	1.85	1.48	1.93	2.05	1.42
EV/EBITDA Ratio	5.66	5.13	4.17	4.34	4.54	2.49
EV/EBIT Ratio	7.29	6.51	5.27	5.19	5.41	2.76
EV/FCF Ratio	28.17	25.64	20.24	11.02	15.44	3.82
Debt / Equity Ratio	0.61	0.61	0.51	0.41	0.41	0.49
Debt / EBITDA Ratio	1.49	1.49	1.48	0.88	0.79	0.57
Debt / FCF Ratio	7.54	7.54	7.27	2.23	2.68	0.88
Net Debt / Equity Ratio	0.39	0.39	0.37	0.32	0.28	0.15
Net Debt / EBITDA Ratio	0.97	0.97	1.08	0.69	0.54	0.18
Net Debt / FCF Ratio	4.83	4.83	5.21	1.74	1.85	0.27
Asset Turnover	0.44	0.44	0.43	0.46	0.48	0.60
Inventory Turnover	4.54	4.54	5.13	5.21	5.20	5.15
Quick Ratio	0.72	0.72	0.65	0.60	0.75	1.10
Current Ratio	1.15	1.15	1.03	1.28	1.12	1.47
Return on Equity (ROE)	5.87%	5.87%	14.77%	20.63%	44.15%	70.80%
Return on Assets (ROA)	7.79%	7.79%	7.62%	10.63%	11.24%	19.35%
Return on Invested Capital (ROIC)	9.43%	9.65%	18.62%	22.05%	30.55%	57.73%
Return on Capital Employed (ROCE)	15.60%	15.60%	14.00%	20.10%	22.50%	36.50%
Earnings Yield	3.90%	4.50%	13.57%	12.02%	23.76%	31.79%
FCF Yield	4.34%	5.00%	6.49%	10.98%	7.43%	28.70%
Dividend Yield	6.64%	7.61%	9.87%	11.19%	8.59%	26.58%
Payout Ratio	144.57%	144.57%	65.41%	70.02%	35.54%	60.31%
Buyback Yield / Dilution	0.12%	0.12%	2.06%	5.87%	7.46%	2.20%
Total Shareholder Return	6.76%	7.73%	11.93%	17.06%	16.05%	28.78%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.