The price-to-earnings ratio for Steel Dynamics stock stands at 9.04 as of Apr 25, 2024. This is based on the current EPS of $14.72 and the stock price of $133.03 per share. An increase of 34% has been recorded in the P/E ratio compared to the average of 6.8 of the last 4 quarters.
Over the last ten years, the average PE ratio of Steel Dynamics has been 30.86. The current 9.04 PE ratio is 71% 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.
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% |
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.
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 13.32.
| Stock name | PE ratio | Market cap |
|---|---|---|
| STLD Steel Dynamics Inc | 9.04 | $21.04B |
| CMC COMMERCIAL METALS Co | 9.21 | $6.21B |
| X United States Steel Corp | 9.34 | $8.32B |
| NUE Nucor Corp | 9.74 | $42.34B |
| WOR Worthington Industries Inc | 10.32 | $2.89B |
| CRS Carpenter Technology Corp | 28 | $4.04B |
| AP Ampco Pittsburgh Corp | N/A | $42.12M |
STLD's price to earnings ratio is 9.04 as of Apr 25, 2024.
As an average over the last 3 years, STLD stock has a PE ratio of 5.46.
As an average over the last 5 years, STLD stock has a PE ratio of 7.57.
In the last ten years, the Jun 2016 quarter recorded the highest quarterly PE ratio at 612.5.
STLD's current price to earnings ratio is 71% below its 10-year historical average.
STLD's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
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 (Apr 25, 2024), Steel Dynamics's stock price is $133.03. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $14.72. Therefore, Steel Dynamics's P/E ratio for today is 9.04. PE RATIO(9.04) = STOCK PRICE($133.03) / TTM EPS($14.72)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.