Steel Dynamics, Inc. (STLD) P/E Ratio History
Historical price-to-earnings valuation from 1997 to 2026
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STLD Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Steel Dynamics, Inc. (STLD) trades at a price-to-earnings ratio of 29.7x, with a stock price of $237.46 and trailing twelve-month earnings per share of $9.47.
The current P/E is 200% above its 5-year average of 9.9x. Over the past five years, STLD's P/E has ranged from a low of 2.9x to a high of 21.2x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 22.3x, STLD trades at a 34% premium to its sector peers. The sector includes 123 companies with P/E ratios ranging from 2.0x to 166.2x.
The PEG ratio of 1.18 (P/E divided by -19% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, STLD trades roughly in line with the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our STLD DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
STLD P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $53B | 30.9 | 1.18 | -11% | |
| $19B | 26.6 | 1.34 | -10% | |
| $8B | 94.3 | - | -82% | |
| $3B | 28.5 | 4.47 | -13% | |
| $533M | 24.3Lowest | 0.58Best | -49% | |
| $421B | 48.0 | 1.71 | -15% | |
| $156B | 31.1 | 1.91 | +0%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
STLD Historical P/E Data (1997–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $180.00 | $9.34 | 19.3x | -38% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $169.45 | $8.00 | 21.2x | -32% |
| FY2025 Q3 | $139.43 | $7.54 | 18.5x | -41% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $128.01 | $6.85 | 18.7x | -40% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $125.08 | $7.57 | 16.5x | -47% |
| FY2024 Q4 | $114.07 | $9.80 | 11.6x | -63% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $126.08 | $11.05 | 11.4x | -64% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $129.50 | $12.47 | 10.4x | -67% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $148.23 | $14.56 | 10.2x | -67% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $118.10 | $14.59 | 8.1x | -74% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $107.22 | $15.59 | 6.9x | -78% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $108.93 | $17.15 | 6.4x | -80% |
Average P/E for displayed period: 31.3x
Full STLD Stock Analysis
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Start ComparisonSTLD — Frequently Asked Questions
Quick answers to the most common questions about buying STLD stock.
Is STLD stock overvalued or undervalued?
STLD trades at 29.7x P/E, above its 5-year average of 9.9x. The 100th percentile ranking indicates a premium to historical valuation.
How does STLD's valuation compare to peers?
Steel Dynamics, Inc. P/E of 29.7x compares to sector median of 22.3x. The premium reflects expected growth above peers.
What is STLD's PEG ratio?
STLD PEG ratio is 1.18. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1997-2026.