Stock Analysis
Worthington Steel, Inc.WS
P/E 16.61×· 3Y range 7.15–19.69×· top 6% of history
Sector: Industrials · Industry: Steel Works, Blast Furnaces & Rolling & Finishing Mills
AnalystsStrong Buy10 analystsP/E 16.6× sits at the 94th percentile of its 2.874629249372576-year history.
Cash covers 24% of debt · FY 2026.
PMP Verdict
Mixed fundamentals, expensive valuation
Strengths
- Quality75
- Financial Health67
Risks
- Valuation49
- Growth12
Mixed fundamentals at a demanding price.
Bull Case
- ✓Altman Z 3.2 — safe-zone balance sheet
- ✓Interest coverage 9.5× — debt well covered
What's happening with WS
Profile
Strong earnings quality; growth, profitability, moat and valuation lag behind.
How is each axis scored?
- Valuation49/100 · Weak
- P/E vs own history (94th pct)0/25
- FCF yield (4.1%)12/25
- P/S (0.6x)25/25
- EV/EBIT (16.2x)12/25
- Growth12/100 · Weak
- Revenue CAGR (-4.1%)0/25
- Net income CAGR (-53.4%)0/25
- EPS CAGR 5Y (-53.8%)0/25
- Fwd implied growth (14.0%)12/25
- Profitability28/100 · Weak
- ROIC (7.2%)5/25
- ROE (9.6%)12/25
- Net margin (3.6%)6/25
- Operating margin (4.2%)5/25
- Financial Health67/100 · Moderate
- Altman Z (3.24)25/25
- Current ratio (1.46)12/25
- Interest coverage (9.5x)18/25
- Net cash / debt (D/A 12%)12/25
- Quality75/100 · Strong
- Piotroski F (4/9)10/25
- Beneish M (-3.13)25/25
- FCF conversion (66%)15/25
- Margin stability (σ 1.6%)25/25
- Moat43/100 · Weak
- ROIC >12% years (2/5 yrs)6/25
- Median gross margin (11.7%)0/25
- FCF-positive years (5/5 yrs)25/25
- Worst-year net margin (worst 0.2%)12/25
Risk Flags
- ⚠Revenue shrinking 4.1%/yr
- ⚠P/E 16.6× at top 6% of 3-year history
About Worthington Steel, Inc.
Worthington Steel Inc is a value-added metals processors with the ability to provide a diversified products and services that span a variety of end markets. Show more
It is a value-added processor of carbon flat-rolled steel and a producer of laser welded solutions and electrical steel laminations. It is one of the independent intermediate processors of carbon flat-rolled steel in the U.S. It occupy a niche in the steel industry by focusing on products requiring exact specifications. The company has one operating and reportable segment. It has presence in United States, Canada, Mexico, and Rest of world. The company has majority of sales from United States.
Headquarters: COLUMBUS, OH · Employees: 5,400 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
49D+P/E (TTM)16.6xB
Grade B: FairPrice / TTM EPS (own statements) — vs own 3Y history: 7.1x–19.7x · 94th pct
P/FCF15.0xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · Elevated investment — CapEx = 62% of operating cash flow, weighing on reported FCF
FCF Yield4.1%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 3Y history: 1.8%–8.7% · 19th pct · Elevated investment — CapEx = 62% of operating cash flow, weighing on reported FCF
P/S (TTM)0.59xA
Grade A: CheapPrice / TTM Revenue (own statements) — vs own 3Y history: 0.3x–0.8x · 89th pct
EV/EBIT16.2xB
Grade B: FairEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 3Y history: 6.1x–17.6x · 98th pct
EV/Sales0.7xA
Grade A: CheapEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E14.6xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio1.58xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio—
Finnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield1.88%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio26.8%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Elevated investment: Elevated investment — CapEx = 62% of operating cash flow, weighing on reported FCF
Profitability
28EROIC7.2%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE9.6%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA-1.2%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin3.6%D
Grade D: LowNet Income / Revenue
Operating Margin4.2%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin12.3%D
Grade D: LowGross Profit / Revenue
FCF Margin2.4%D
Grade D: LowFCF / Revenue · Elevated investment — CapEx = 62% of operating cash flow, weighing on reported FCF
True FCF Margin2.0%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · Elevated investment — CapEx = 62% of operating cash flow, weighing on reported FCF
Growth
12ERevenue CAGR-4.1%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-53.4%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-53.8%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth14.0%B
Grade B: LowAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income12.1%C
Grade C: MedStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.4%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
67BAltman Z-Score3.24A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.46xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio0.93xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage9.5xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment3.3yC
Grade C: AverageYears to repay net debt via FCF · Elevated investment — CapEx = 62% of operating cash flow, weighing on reported FCF
Net Debt/EBIT1.9xA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.28xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.24xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
75B+Piotroski F-Score4/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-3.13A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion66.2%C
Grade C: AverageFCF / Net Income · Elevated investment — CapEx = 62% of operating cash flow, weighing on reported FCF
Margin Stability1.6%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue3.9%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover1.66xA
Grade A: HighRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Larivey Clifford Filed | Larivey Clifford | Grant / award | +4.6K | |
Heuer Joseph Filed | Heuer Joseph | Grant / award | +5.5K | |
ADAMS TIMOTHY A Filed | ADAMS TIMOTHY A | Grant / award | +6.5K | |
BOWSHER JON J Filed | BOWSHER JON J | Grant / award | +5.6K | |
McConnell John H II Filed | McConnell John H II | Grant / award | +5.6K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
KLINGLER JEFFREY R Filed | KLINGLER JEFFREY R | Grant / award | +8.8K | |
Chiappone Charles M Filed | Chiappone Charles M | Grant / award | +5.6K | |
GILMORE GEOFFREY G Filed | GILMORE GEOFFREY G | Grant / award | +17.1K |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
43D+ROIC >12% Years2/5 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)11.7%D
Grade D: WeakMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years5/5 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor0.2%C
Grade C: ModerateWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$2.39
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$4.96
Cash & short-term investments per share (Finnhub)
Book Value / Share$20.62
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$354.30M
Total debt obligations (short + long term)
Cash & Equiv.$84.60M
Cash and short-term investments
Net Debt$269.70M
Total Debt minus Cash. Negative = Net Cash position
Total Equity$1.26B
Shareholders' equity (book value)
Asset / Liability2.28xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$1.99B
Current Market Capitalization
Beta2.30D
Grade D: High volatilityPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of May 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Worthington Steel, Inc. (WS)
WS is up 0.97% at the last close. Piotroski F-Score of 4/9 indicates mixed fundamentals for Worthington Steel, Inc.. Altman Z-Score of 3.24 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk.
- Beneish M-Score of -3.13 suggests a low likelihood of earnings manipulation.
- Revenue has been contracting (CAGR ≈ -4%), which weighs on the growth outlook.
- Takes ~3.3 years to repay net debt from free cash flow.
See how WS ranks on the Capex Tracker — top 50 capital spenders compared.
Earnings
View earnings calendar →Recent Earnings Results
| Date | Time | EPS Est. | EPS Actual | Surprise | Rev Est. | Rev Actual |
|---|---|---|---|---|---|---|
| Oct 6, 2026 | After-Hrs | $0.70 | $0.57 | -18.6% | $912.5M | $2.7B |
Recent Market Moves
See all WS moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 7 | Regular | 35.71 | -6.49% | -2.78 |
| Oct 7 | After-hours | 35.92 | -5.94% | -2.56 |
| Oct 6 | After-hours | 37.20 | -4.91% | -2.09 |
| Oct 5 | Regular | 39.47 | +6.76% | 2.68 |
| Oct 5 | After-hours | 39.22 | +6.09% | 2.42 |
Frequently Asked Questions about WS
What is the current Worthington Steel, Inc. (WS) stock price?
WS is trading at $39.68 at the last market close, up 0.97% on the session. PreMarketPrice tracks WS pre-market, intraday and after-hours prices.
Is WS stock a buy right now?
PreMarketPrice's quantitative model rates Worthington Steel, Inc.'s financial health at 67/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is WS stock overvalued?
Worthington Steel, Inc. trades at a trailing P/E of 16.6 and our valuation score rates it 49/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Worthington Steel, Inc. report earnings?
No confirmed earnings date is currently scheduled for WS. The Earnings section lists recent reports and updates as dates are announced.
What sector does Worthington Steel, Inc. operate in?
Worthington Steel, Inc. operates in the Industrials sector, within the Steel Works, Blast Furnaces & Rolling & Finishing Mills industry. The Related Stocks section lists sector peers for comparison.
What does Worthington Steel, Inc. do?
Worthington Steel Inc is a value-added metals processors with the ability to provide a diversified products and services that span a variety of end markets.
About Worthington Steel, Inc. (WS) Stock
Worthington Steel, Inc. (WS) is a US-listed stock operating in the Industrials sector, specifically the Steel Works, Blast Furnaces & Rolling & Finishing Mills industry. As of the latest update, Worthington Steel, Inc. is trading at $39.68, up 0.97% on the day with a market capitalization of $2.0 billion. The financial health score for WS is 67/100, which indicates good financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for WS stock.
WS Stock Analysis & Key Metrics
On PreMarketPrice, you can track Worthington Steel, Inc. (WS) across multiple dimensions:
- Pre-market price & movement: Real-time WS stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Earnings calendar: Upcoming and past earnings reports for WS, including EPS estimates, actual results, and surprise percentages.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for WS with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Worthington Steel, Inc. across multiple reporting periods.
- Financial health score: A composite score of 67/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for WS.
- Sector peers: Compare WS against 5 other industrials stocks on key financial metrics.
Is WS a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Worthington Steel, Inc. (WS) as an investment. The financial health score of 67/100 suggests good financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average. Earnings data reveals whether the company is meeting or beating analyst expectations.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Worthington Steel, Inc. (WS) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.