Worthington Steel, Inc. (WS) Financial Ratios
5 years of historical data (2021–2025) · Basic Materials · Steel
EV/EBITDA
↓
10.30
↑+50% vs avg
5yr avg: 6.87
30Y Low6.7·High7.1
P/FCF
↓
20.05
↑+36% vs avg
5yr avg: 14.72
30Y Low12.3·High17.1
P/B Ratio
↓
1.67
↑+34% vs avg
5yr avg: 1.25
30Y Low1.0·High1.5
ROE
↓
9.6%
↑-30% vs avg
5yr avg: 13.7%
30Y Low7%·High21%
Debt/EBITDA
↑
1.07
↑+75% vs avg
5yr avg: 0.61
30Y Low0.0·High1.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Worthington Steel, Inc. trades at 18.5x earnings, 68% above its 5-year average of 11.0x, sitting at the 100th percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.8x, the stock trades at a discount of 22%. On a free-cash-flow basis, the stock trades at 20.1x P/FCF, 36% above the 5-year average of 14.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Market Cap | $2.0B | $1.2B | $1.6B | — | — | — |
| Enterprise Value | $2.2B | $1.4B | $1.8B | — | — | — |
| P/E Ratio → | 18.46 | 11.37 | 10.61 | — | — | — |
| P/S Ratio | 0.65 | 0.40 | 0.48 | — | — | — |
| P/B Ratio | 1.67 | 1.03 | 1.47 | — | — | — |
| P/FCF | 20.05 | 12.34 | 17.10 | — | — | — |
| P/OCF | 8.70 | 5.35 | 8.24 | — | — | — |
P/E links to full P/E history page with 30-year chart
WS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Worthington Steel, Inc.'s enterprise value stands at 10.3x EBITDA, 50% above its 5-year average of 6.9x. The Basic Materials sector median is 11.2x, placing the stock at a 8% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.46 | 0.53 | — | — | — |
| EV / EBITDA | 10.30 | 6.68 | 7.06 | — | — | — |
| EV / EBIT | 14.92 | 9.17 | 8.25 | — | — | — |
| EV / FCF | — | 14.24 | 19.09 | — | — | — |
WS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Worthington Steel, Inc. earns an operating margin of 4.8%, below the Basic Materials sector average of 10.2%. Operating margins have expanded from 3.3% to 4.8% over the past 3 years, signaling improving operational efficiency. ROE of 9.6% is modest. ROIC of 8.2% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | 12.6% | 12.6% | 12.8% | 9.3% | 9.7% | 17.4% |
| Operating Margin | 4.8% | 4.8% | 5.7% | 3.3% | 5.6% | 10.4% |
| Net Profit Margin | 3.6% | 3.6% | 4.5% | 2.4% | 4.4% | 8.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | 9.6% | 9.6% | 13.6% | 7.2% | 17.3% | 21.0% |
| ROA | 5.8% | 5.8% | 8.5% | 4.5% | 10.5% | 12.5% |
| ROIC | 8.2% | 8.2% | 11.5% | 6.9% | 15.4% | 20.6% |
| ROCE | 11.4% | 11.4% | 15.4% | 8.9% | 19.8% | 25.7% |
WS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Worthington Steel, Inc. carries a Debt/EBITDA ratio of 1.1x, which is manageable (59% below the sector average of 2.6x). Net debt stands at $190M ($228M total debt minus $38M cash). Interest coverage of 20.7x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.19 | 0.19 | 0.21 | 0.09 | 0.12 | 0.01 |
| Debt / EBITDA | 1.07 | 1.07 | 0.89 | 0.53 | 0.54 | 0.03 |
| Net Debt / Equity | — | 0.16 | 0.17 | 0.06 | 0.11 | -0.01 |
| Net Debt / EBITDA | 0.89 | 0.89 | 0.74 | 0.36 | 0.47 | -0.04 |
| Debt / FCF | — | 1.90 | 1.99 | 0.25 | 43.90 | -0.08 |
| Interest Coverage | 20.70 | 20.70 | 32.42 | 40.10 | 75.53 | — |
WS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.66x means Worthington Steel, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.99x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.05x to 1.66x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.66 | 1.66 | 1.62 | 2.05 | 1.93 | 1.86 |
| Quick Ratio | 0.99 | 0.99 | 0.96 | 1.18 | 1.06 | 0.98 |
| Cash Ratio | 0.06 | 0.06 | 0.07 | 0.07 | 0.03 | 0.03 |
| Asset Turnover | — | 1.58 | 1.84 | 2.04 | 1.95 | 1.56 |
| Inventory Turnover | 6.41 | 6.41 | 7.38 | 7.89 | 6.45 | 3.97 |
| Days Sales Outstanding | — | 51.78 | 50.73 | 47.13 | 53.86 | 69.49 |
WS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Worthington Steel, Inc. returns 1.7% to shareholders annually — split between a 1.6% dividend yield and 0.2% buyback yield. The payout ratio of 28.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Dividend Yield | 1.6% | 2.6% | 0.5% | — | — | — |
| Payout Ratio | 28.8% | 28.8% | 5.1% | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | 5.4% | 8.8% | 9.4% | — | — | — |
| FCF Yield | 5.0% | 8.1% | 5.8% | — | — | — |
| Buyback Yield | 0.2% | 0.3% | 0.0% | — | — | — |
| Total Shareholder Yield | 1.7% | 2.8% | 0.5% | — | — | — |
| Shares Outstanding | — | $50M | $50M | $50M | $50M | $50M |
Peer Comparison
Compare WS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 WSYou | $2B | 18.5 | 10.3 | 20.1 | 12.6% | 4.8% | 9.6% | 8.2% | 1.1 |
 STLD | $34B | 29.4 | 18.5 | 67.9 | 13.0% | 8.1% | 13.3% | 9.2% | 2.1 |
 NUE | $52B | 30.3 | 13.7 | — | 11.9% | 8.2% | 8.0% | 7.7% | 1.7 |
 RS | $19B | 26.4 | 15.9 | 37.6 | 26.8% | 7.2% | 10.3% | 8.9% | 1.5 |
 CMC | $8B | 95.9 | 10.2 | 25.2 | 15.6% | 6.7% | 2.0% | 8.5% | 1.7 |
 CLF | $6B | -3.7 | — | — | -4.6% | -7.5% | -22.4% | -7.5% | — |
 ZEUS | $533M | 24.3 | 10.6 | 127.1 | 23.2% | 2.5% | 4.1% | 4.3% | 4.0 |
 MTUS | $770M | -645.1 | 10.9 | — | 8.2% | 0.1% | -0.2% | 0.2% | 0.3 |
 SXC | $621M | -14.1 | 5.5 | 14.7 | 7.1% | 3.5% | -6.6% | 4.3% | 3.1 |
 CAT | $418B | 47.7 | 33.5 | 40.6 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
 DE | $156B | 31.1 | 19.9 | 48.2 | 36.5% | 18.8% | 19.3% | 7.7% | 6.0 |
| Basic Materials Median | — | 23.8 | 11.2 | 29.0 | 31.5% | 10.2% | 0.0% | 4.5% | 2.6 |
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Start ComparisonWS — Frequently Asked Questions
Quick answers to the most common questions about buying WS stock.
What is Worthington Steel, Inc.'s P/E ratio?
Worthington Steel, Inc.'s current P/E ratio is 18.5x. The historical average is 11.0x. This places it at the 100th percentile of its historical range.
What is Worthington Steel, Inc.'s EV/EBITDA?
Worthington Steel, Inc.'s current EV/EBITDA is 10.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.9x.
What is Worthington Steel, Inc.'s ROE?
Worthington Steel, Inc.'s return on equity (ROE) is 9.6%. The historical average is 13.7%.
Is WS stock overvalued?
Based on historical data, Worthington Steel, Inc. is trading at a P/E of 18.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Worthington Steel, Inc.'s dividend yield?
Worthington Steel, Inc.'s current dividend yield is 1.59% with a payout ratio of 28.8%.
What are Worthington Steel, Inc.'s profit margins?
Worthington Steel, Inc. has 12.6% gross margin and 4.8% operating margin.
How much debt does Worthington Steel, Inc. have?
Worthington Steel, Inc.'s Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.