The price-to-earnings ratio for Nucor stock stands at 9.44 as of Jul 26, 2024. This results from the current EPS of $17.05 and stock price of $160.89. An increase of 3% has been recorded in the P/E ratio compared to the average of 9.2 of the last 4 quarters.
Over the last ten years, the average PE ratio of Nucor has been 23.32. The current 9.44 PE ratio is 60% below the historical average. In the past ten years, NUE's PE ratio was at its highest in the Dec 2015 quarter at 161.2, with a price of $40.3 and an EPS of $0.25. The Jul 2022 quarter recorded the bottom point at 3.25, with a price of $105.64 and an EPS of $32.53.
Maximum annual increase: 596.63% in 2015
Maximum annual decrease: -85.11% in 2016
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 9.64 | 111.4% |
| 2022 | 4.56 | -7.13% |
| 2021 | 4.91 | -78.12% |
| 2020 | 22.44 | 65.12% |
| 2019 | 13.59 | 95.26% |
| 2018 | 6.96 | -55.01% |
| 2017 | 15.47 | -35.54% |
| 2016 | 24 | -85.11% |
| 2015 | 161.2 | 596.63% |
| 2014 | 23.14 | -34.11% |
NUE's current P/E ratio is above the 3-year historical average, but it is lower than the 5 and 10-year averages.
Compared to its peers X and CRS, NUE's PE ratio stands lower, however it is higher than STLD's and WOR's. Nucor's PE ratio is trading below the peer group average of 20.94.
| Stock name | PE ratio | Market cap |
|---|---|---|
| STLD Steel Dynamics Inc | 8.89 | $20.51B |
| WOR Worthington Industries Inc | 9.1 | $2.55B |
| NUE Nucor Corp | 9.44 | $38.58B |
| X United States Steel Corp | 10.53 | $9.16B |
| CMC COMMERCIAL METALS Co | 12.42 | $6.94B |
| USAP Universal Stainless & Alloy Products Inc | 31.79 | $303.82M |
| CRS Carpenter Technology Corp | 52.92 | $6.98B |
The price to earnings ratio for NUE stock as of Jul 26, 2024, stands at 9.44.
Over the last 3 years, the average price to earnings ratio for NUE stock is 6.36.
Over the last 5 years, the average price to earnings ratio for NUE stock is 11.05.
The highest quarterly PE ratio in the last ten years has been 161.2 and it was in the Dec 2015 quarter.
NUE's price to earnings ratio is currently 60% below its 10-year historical average.
NUE'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 (Jul 26, 2024), Nucor's stock price is $160.89. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $17.05. Therefore, Nucor's P/E ratio for today is 9.44. PE RATIO(9.44) = STOCK PRICE($160.89) / TTM EPS($17.05)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.