Steel Dynamics Inc (STLD) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Steel Dynamics Inc operates as a domestic steel producer and metal recycler in the United States. The company's product portfolio comprises hot rolled sheet, hot rolled plate, painted sheet product...
Steel Dynamics Inc (STLD) currently trades at a P/E ratio of 21.45 (historical range: 2.79–29.95, median: 8.63), placing it at the 87th percentile — expensive relative to its history, P/S ratio of 1.68 (range: 0.55–2.16, 93th percentile — expensive relative to its history), EV/EBITDA of 18.63 (range: 2.37–25.71, 85th percentile).
Over the historical period (2021-09-14 to 2026-10-16), Steel Dynamics Inc's P/E ratio has expanded by 209% over the observed period (from an average of 5.5 to 16.9).
Steel Dynamics Inc trades well above its own historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 21.45 | 8.63 | 87th | expensive relative to its history |
| P/S Ratio | 1.68 | 1.05 | 93th | expensive relative to its history |
| EV/EBITDA | 18.63 | 7.06 | 85th | expensive relative to its history |
| FCF Yield | 2.77% | 4.81% | 31th | above its historical average |
Steel Dynamics Inc (STLD) Valuation & P/E History
Steel Dynamics Inc (STLD) is a US-listed stock operating in the Industrials sector, specifically the Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) industry currently trading at $240.54 with a market capitalization of $34.5 billion. This page provides historical valuation analysis for STLD based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 21.45 is above the historical median of 8.63, placing STLD at the 87th percentile of its valuation range. The P/S ratio of 1.68 compares to a median of 1.05.
STLD Valuation Metrics & Historical Range
The valuation table above shows Steel Dynamics Inc's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether STLD is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests STLD is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Steel Dynamics Inc.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is STLD Overvalued or Undervalued?
Steel Dynamics Inc trades well above its own historical valuation range across most metrics. The overall valuation percentile of 88 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive STLD is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full STLD analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.STLD trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.