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STLD Steel Dynamics PE ratio, current and historical analysis

The price-to-earnings ratio for Steel Dynamics stock stands at 8.22 as of Jun 14, 2024. This is based on the current EPS of $14.68 and the stock price of $120.69 per share. An increase of 5% has been recorded in the P/E ratio compared to the average of 7.8 of the last 4 quarters.

STLD PE ratio history

How has STLD's PE ratio performed in the past

Over the last ten years, the average PE ratio of Steel Dynamics has been 30.31. The current 8.22 PE ratio is 73% below the historical average. In the past ten years, STLD's PE ratio was at its highest in the Jun 2016 quarter at 612.5, with a price of $24.5 and an EPS of $0.04. The Jun 2022 quarter recorded the bottom point at 2.93, with a price of $66.15 and an EPS of $22.57.

Average
30.31
Median
10.43
Minimum
2.93
Maximum
612.5

Steel Dynamics PE ratio by year

Maximum annual increase: 99.28% in 2019

Maximum annual decrease: -71.97% in 2021

Year PE ratio Change
2023 8.02 72.84%
2022 4.64 17.17%
2021 3.96 -71.97%
2020 14.13 27.07%
2019 11.12 99.28%
2018 5.58 -56.27%
2017 12.76 -43.69%
2016 22.66 N/A
2015 N/A N/A
2014 29.03 27.77%

STLD average PE ratio chart

What is the average PE ratio of STLD for the past years

The current PE ratio of STLD is greater than its 3 and 5-year historical averages, but it is lower than the 10-year average.

3-year avg
5.85
5-year avg
7.69
10-year avg
30.31
15-year avg
35.01

STLD PE vs peers

What is STLD's PE ratio compared to its peers

Compared to its peer stocks NUE and X, STLD's PE ratio stands lower. Steel Dynamics's PE ratio is trading below the peer group average of 14.56.

Stock name PE ratio Market cap
STLD Steel Dynamics Inc 8.22 $18.96B
CMC COMMERCIAL METALS Co 8.64 $5.83B
NUE Nucor Corp 9.07 $37.09B
WOR Worthington Industries Inc 9.18 $2.57B
X United States Steel Corp 9.42 $8.2B
CRS Carpenter Technology Corp 36.5 $4.82B
AP Ampco Pittsburgh Corp N/A $20.66M

Frequently asked questions

What is Steel Dynamics's PE ratio?

STLD's price to earnings ratio is 8.22 as of Jun 14, 2024.

What is the 3-year average PE ratio for Steel Dynamics (STLD)?

As an average over the last 3 years, STLD stock has a PE ratio of 5.85.

What is the 5-year average PE ratio for Steel Dynamics (STLD)?

As an average over the last 5 years, STLD stock has a PE ratio of 7.69.

What is the highest PE ratio for STLD?

In the last ten years, the Jun 2016 quarter recorded the highest quarterly PE ratio at 612.5.

How does the current PE ratio for STLD compare to its historical average?

STLD's current price to earnings ratio is 73% below its 10-year historical average.

Why is Steel Dynamics's PE ratio so low?

STLD's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.

How is STLD's PE ratio calculated (Steel Dynamics PE ratio formula)?

The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jun 14, 2024), Steel Dynamics's stock price is $120.69. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $14.68. Therefore, Steel Dynamics's P/E ratio for today is 8.22. PE RATIO(8.22) = STOCK PRICE($120.69) / TTM EPS($14.68)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.