The price-to-earnings ratio for Nucor stock stands at 9.74 as of Apr 25, 2024. This results from the current EPS of $18.05 and stock price of $175.88. An increase of 25% has been recorded in the P/E ratio compared to the average of 7.8 of the last 4 quarters.
Over the last ten years, the average PE ratio of Nucor has been 23.74. The current 9.74 PE ratio is 59% 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 CRS and WOR, NUE's PE ratio stands lower, however it is higher than STLD's and X's. Nucor's PE ratio is trading below the peer group average of 19.24.
| 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 |
| USAP Universal Stainless & Alloy Products Inc | 49.52 | $245.74M |
The price to earnings ratio for NUE stock as of Apr 25, 2024, stands at 9.74.
Over the last 3 years, the average price to earnings ratio for NUE stock is 6.17.
Over the last 5 years, the average price to earnings ratio for NUE stock is 10.85.
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 59% 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 (Apr 25, 2024), Nucor's stock price is $175.88. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $18.05. Therefore, Nucor's P/E ratio for today is 9.74. PE RATIO(9.74) = STOCK PRICE($175.88) / TTM EPS($18.05)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.