Question 1

What is Steel Dynamics's P/S ratio?

Accepted Answer

Steel Dynamics (STLD) P/S ratio is 2.0× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Steel Dynamics specifically, the relevant sector benchmark is the current sector median of 2.2×.

Question 5

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

Accepted Answer

Steel Dynamics's P/S ratio of 2.0× is above its own 5-year average of 1.0× and below the sector median of 2.2×. That places the current reading at the 100th 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/S ratio range?

Accepted Answer

In the available daily series, Steel Dynamics (STLD) P/S ratio has ranged from a low of 0.2× in 2009 to a high of 2.1× in 2026. The 5-year average is 1.0× and the 5-year median is 1.0×.

Question 7

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

Accepted Answer

Steel Dynamics (STLD) P/S ratio at the end of 2025 was 1.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$24.68B	$18.18B	1.4×	+0.4×	Dec 31, 2025
2024	$17.35B	$17.54B	1.0×	-0.0×	Dec 31, 2024
2023	$19.07B	$18.80B	1.0×	+0.2×	Dec 31, 2023
2022	$17.07B	$22.26B	0.8×	+0.1×	Dec 31, 2022
2021	$12.25B	$18.41B	0.7×	-0.1×	Dec 31, 2021
2020	$7.76B	$9.60B	0.8×	+0.1×	Dec 31, 2020
2019	$7.32B	$10.46B	0.7×	+0.1×	Dec 31, 2019
2018	$6.89B	$11.82B	0.6×	-0.5×	Dec 31, 2018
2017	$10.23B	$9.54B	1.1×	-0.0×	Dec 31, 2017
2016	$8.67B	$7.78B	1.1×	+0.5×	Dec 31, 2016
2015	$4.31B	$7.59B	0.6×	+0.0×	Dec 31, 2015
2014	$4.75B	$8.76B	0.5×	-0.0×	Dec 31, 2014
2013	$4.34B	$7.37B	0.6×	+0.2×	Dec 31, 2013
2012	$3.01B	$7.29B	0.4×	+0.1×	Dec 31, 2012
2011	$2.88B	$8.00B	0.4×	-0.3×	Dec 31, 2011
2010	$3.98B	$6.30B	0.6×	-0.3×	Dec 31, 2010
2009	$3.82B	$3.96B	1.0×	+0.7×	Dec 31, 2009
2008	$2.03B	$8.08B	0.3×	-1.0×	Dec 31, 2008
2007	$5.55B	$4.38B	1.3×	+0.3×	Dec 31, 2007
2006	$3.00B	$3.24B	0.9×	+0.2×	Dec 31, 2006
2005	$1.53B	$2.18B	0.7×	-0.1×	Dec 31, 2005
2004	$1.81B	$2.14B	0.8×	-0.3×	Dec 31, 2004
2003	$1.11B	$987.25M	1.1×	+0.5×	Dec 31, 2003
2002	$572.63M	$864.49M	0.7×	-0.2×	Dec 31, 2002
2001	$530.61M	$606.98M	0.9×	—	Dec 31, 2001


Air Products and Chemicals (APD)	5.2×
Newmont (NEM)	4.8×
Ecolab (ECL)	4.6×
Vulcan Materials (VMC)	4.5×
Albemarle (ALB)	3.9×
Sherwin-Williams (SHW)	3.3×
Freeport-McMoRan (FCX)	3.2×
Corteva (CTVA)	3.1×
Solstice Advanced Materials (SOLS)	3.0×
CF Industries Holdings (CF)	2.7×
Weyerhaeuser (WY)	2.5×
DuPont de Nemours (DD)	1.9×
RPM International (RPM)	1.9×
International Flavors & Fragrances (IFF)	1.7×
PPG Industries (PPG)	1.5×
Ashland (ASH)	1.4×
CRH (CRH)	1.3×
Nucor (NUE)	1.2×
H.B. Fuller (FUL)	1.0×
Avient (AVNT)	1.0×
Eastman Chemical (EMN)	1.0×
LyondellBasell (LYB)	0.9×
Dow (DOW)	0.8×
Mosaic (MOS)	0.7×
Stepan (SCL)	0.5×

P/S Ratio for Steel Dynamics (STLD)

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

Historical P/S Ratio for Steel Dynamics (STLD) from 2001 to 2025

About P/S Ratio at Steel Dynamics (STLD)

Steel Dynamics P/S Ratio by Year

Steel Dynamics P/S Ratio 2025: 1.4×

Steel Dynamics P/S Ratio 2024: 1.0×

Steel Dynamics P/S Ratio 2023: 1.0×

Steel Dynamics P/S Ratio 2022: 0.8×

Steel Dynamics P/S Ratio 2021: 0.7×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Steel Dynamics (STLD) Key Financials

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

Historical P/S Ratio for Steel Dynamics (STLD) from 2001 to 2025

About P/S Ratio at Steel Dynamics (STLD)

Steel Dynamics P/S Ratio by Year

Steel Dynamics P/S Ratio 2025: 1.4×

Steel Dynamics P/S Ratio 2024: 1.0×

Steel Dynamics P/S Ratio 2023: 1.0×

Steel Dynamics P/S Ratio 2022: 0.8×

Steel Dynamics P/S Ratio 2021: 0.7×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Steel Dynamics's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Steel Dynamics?

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

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

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

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

Steel Dynamics (STLD) Key Financials