Question 1

What is Steel Dynamics's P/E ratio?

Accepted Answer

Steel Dynamics (STLD) P/E ratio is 21.4× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Steel Dynamics?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Steel Dynamics specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

Is Steel Dynamics's P/E ratio high or low?

Accepted Answer

Steel Dynamics's P/E ratio of 21.4× is above its own 5-year average of 10.2× and below the sector median of 21.4×. That places the current reading at the 88th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Steel Dynamics's historical P/E ratio range?

Accepted Answer

In the available daily series, Steel Dynamics (STLD) P/E ratio has ranged from a low of 3.0× in 2022 to a high of 494.0× in 2016. The 5-year average is 10.2× and the 5-year median is 8.8×.

Question 7

What was Steel Dynamics's P/E ratio in 2025?

Accepted Answer

Steel Dynamics (STLD) P/E ratio at the end of 2025 was 20.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Steel Dynamics's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$24.7B	$1.19B	20.8×	+9.5×	Dec 31, 2025
2024	$17.3B	$1.54B	11.3×	+3.5×	Dec 31, 2024
2023	$19.1B	$2.45B	7.8×	+3.4×	Dec 31, 2023
2022	$17.1B	$3.86B	4.4×	+0.6×	Dec 31, 2022
2021	$12.2B	$3.21B	3.8×	-10.3×	Dec 31, 2021
2020	$7.76B	$551M	14.1×	+3.2×	Dec 31, 2020
2019	$7.32B	$671M	10.9×	+5.4×	Dec 31, 2019
2018	$6.89B	$1.26B	5.5×	-7.1×	Dec 31, 2018
2017	$10.2B	$813M	12.6×	-10.1×	Dec 31, 2017
2016	$8.67B	$382M	22.7×	—	Dec 31, 2016
2015	$4.31B	-$130M	—	—	Dec 31, 2015
2014	$4.75B	$157M	30.3×	+7.3×	Dec 31, 2014
2013	$4.34B	$189M	22.9×	+4.5×	Dec 31, 2013
2012	$3.01B	$164M	18.4×	+8.1×	Dec 31, 2012
2011	$2.88B	$278M	10.3×	-17.9×	Dec 31, 2011
2010	$3.98B	$141M	28.3×	—	Dec 31, 2010
2009	$3.82B	-$8.18M	—	—	Dec 31, 2009
2008	$2.03B	$463M	4.4×	-9.7×	Dec 31, 2008
2007	$5.55B	$395M	14.1×	+6.5×	Dec 31, 2007
2006	$3B	$397M	7.6×	+0.7×	Dec 31, 2006
2005	$1.53B	$222M	6.9×	+0.8×	Dec 31, 2005
2004	$1.81B	$295M	6.1×	-17.4×	Dec 31, 2004
2003	$1.11B	$47.1M	23.5×	+16.6×	Dec 31, 2003
2002	$573M	$81.9M	7.0×	—	Dec 31, 2002


Solstice Advanced Materials (SOLS)	113.0×
Corteva (CTVA)	48.4×
Ecolab (ECL)	35.6×
Linde (LIN)	32.3×
Vulcan Materials (VMC)	32.1×
Freeport-McMoRan (FCX)	31.1×
Builders FirstSource (BLDR)	31.0×
Air Products and Chemicals (APD)	30.7×
Sherwin-Williams (SHW)	30.3×
Eastman Chemical (EMN)	21.8×
International Flavors & Fragrances (IFF)	21.8×
Avient (AVNT)	21.1×
Agnico Eagle Mines (AEM)	19.0×
H.B. Fuller (FUL)	18.8×
Nucor (NUE)	16.9×
PPG Industries (PPG)	15.1×
Martin Marietta Materials (MLM)	14.0×
CRH (CRH)	13.9×
Newmont (NEM)	13.9×
CF Industries Holdings (CF)	11.4×
Mosaic (MOS)	11.1×

P/E Ratio for Steel Dynamics (STLD) 2002-2026

P/E Ratio daily chart for Steel Dynamics (STLD)

Historical P/E Ratio for Steel Dynamics (STLD) from 2002 to 2025

About P/E Ratio at Steel Dynamics (STLD)

Steel Dynamics P/E Ratio by Year

Steel Dynamics P/E Ratio 2025: 20.8×

Steel Dynamics P/E Ratio 2024: 11.3×

Steel Dynamics P/E Ratio 2023: 7.8×

Steel Dynamics P/E Ratio 2022: 4.4×

Steel Dynamics P/E Ratio 2021: 3.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Steel Dynamics (STLD) Key Financials