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Steel Dynamics (STLD, Steel) Stock Valuation & Fair Value Mixed on our tests

Steel Dynamics (STLD, Steel) trades at a blended P/E of 15.1, about 15% above its historical normal valuation, with a forward growth estimate of 7.4% and a PEG of 2.03. Analysts' one-year estimates have been hit 27% of the time. Priced at its historical normal P/E of 13.1 on the same blended earnings, the 2026-10-02 close of $231.99 corresponds to about $201 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-10-05
Blended P/E
15.1
Normal P/E
13.1
PEG
2.03
Fwd growth
7.4%
Div yield
0.9%
RSI (14)
49.6
Neutral
Technical context
  • Price $234.17 at the 2026-10-08 close, 0.2% above the 20-day average ($233.59) and 2.9% below the 50-day ($241.14).
  • RSI (14) at 49.6.
  • 52-week range $139.73 to $281.45: the price is 16.8% below the high and 67.6% above the low.

The Street vs SeerForecast

Wall Street's mean price target for STLD is $270.96 across 14 analysts, 15.7% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: mixed on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from significantly overvalued (2026-06-03) to mixed on our tests (2026-10-05).

Blended P/E and rating by weekBlended P/E moved from 23.6 to 15.1 between 2026-06-03 and 2026-10-02, against a normal P/E of 13.1, with 4 rating changes over 37 recorded weeks.2026-06-03: P/E 23.6, Significantly overvalued, recalculated for the week of 2026-06-032026-06-10: P/E 24.0, Significantly overvalued, recalculated for the week of 2026-06-102026-06-12: P/E 24.0, Significantly overvalued, recalculated for the week of 2026-06-142026-06-16: P/E 24.0, Significantly overvalued, recalculated for the week of 2026-06-162026-06-18: P/E 24.0, Significantly overvalued, recalculated for the week of 2026-06-212026-07-02: P/E 18.3, Trading above its usual valuation, recalculated for the week of 2026-07-022026-07-06: P/E 18.1, Trading above its usual valuation, recalculated for the week of 2026-07-062026-07-09: P/E 18.1, Trading above its usual valuation, recalculated for the week of 2026-07-092026-07-10: P/E 18.4, Significantly overvalued, recalculated for the week of 2026-07-122026-07-13: P/E 18.4, Significantly overvalued, recalculated for the week of 2026-07-132026-07-14: P/E 18.4, Significantly overvalued, recalculated for the week of 2026-07-142026-07-20: P/E 18.8, Significantly overvalued, recalculated for the week of 2026-07-202026-07-22: P/E 18.8, Significantly overvalued, recalculated for the week of 2026-07-222026-07-24: P/E 19.2, Significantly overvalued, recalculated for the week of 2026-07-252026-07-27: P/E 19.2, Significantly overvalued, recalculated for the week of 2026-07-272026-07-31: P/E 19.4, Significantly overvalued, recalculated for the week of 2026-07-312026-07-31: P/E 19.3, Significantly overvalued, recorded live 2026-08-032026-08-07: P/E 19.9, Significantly overvalued, recalculated for the week of 2026-08-072026-08-07: P/E 19.9, Significantly overvalued, recorded live 2026-08-102026-08-14: P/E 19.5, Significantly overvalued, recalculated for the week of 2026-08-142026-08-14: P/E 19.1, Significantly overvalued, recorded live 2026-08-172026-08-21: P/E 16.2, Trading above its usual valuation, recalculated for the week of 2026-08-212026-08-21: P/E 16.9, Trading above its usual valuation, recorded live 2026-08-242026-08-27: P/E 16.9, Trading above its usual valuation, recalculated for the week of 2026-08-272026-08-28: P/E 17.3, Trading above its usual valuation, recalculated for the week of 2026-08-282026-08-28: P/E 17.1, Trading above its usual valuation, recalculated for the week of 2026-08-302026-08-28: P/E 17.1, Trading above its usual valuation, recorded live 2026-08-312026-09-04: P/E 17.5, Trading above its usual valuation, recalculated for the week of 2026-09-052026-09-04: P/E 17.5, Trading above its usual valuation, recorded live 2026-09-072026-09-11: P/E 16.6, Trading above its usual valuation, recalculated for the week of 2026-09-122026-09-11: P/E 16.6, Trading above its usual valuation, recorded live 2026-09-142026-09-18: P/E 16.0, Trading above its usual valuation, recalculated for the week of 2026-09-192026-09-18: P/E 16.0, Trading above its usual valuation, recorded live 2026-09-212026-09-25: P/E 15.7, Mixed on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 15.7, Mixed on our tests, recorded live 2026-09-282026-10-02: P/E 15.1, Mixed on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 15.1, Mixed on our tests, recorded live 2026-10-0515.020.0Jun 3Jul 3Aug 2Sep 2Oct 2Normal P/E 13.1
Mixed on our testsTrading above its usual valuationSignificantly overvaluedLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 23.6+80%Significantly overvalued (recalculated)
2026-06-10P/E 24.0+83%Significantly overvalued (recalculated)
2026-07-02P/E 18.3+39%Trading above its usual valuation (recalculated)
2026-07-12P/E 18.4+40%Significantly overvalued (recalculated)
2026-08-21P/E 16.2+24%Trading above its usual valuation (recalculated)
2026-09-26P/E 15.7+19%Mixed on our tests (recalculated)
2026-10-03P/E 15.1+15%Mixed on our tests (recalculated)
2026-10-05P/E 15.1+15%Mixed on our tests ← now
Show all 37 weeks
WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 23.6+80%Significantly overvalued (recalculated)
2026-06-10P/E 24.0+83%Significantly overvalued (recalculated)
2026-06-14P/E 24.0+83%Significantly overvalued (recalculated)
2026-06-16P/E 24.0+83%Significantly overvalued (recalculated)
2026-06-21P/E 24.0+83%Significantly overvalued (recalculated)
2026-07-02P/E 18.3+39%Trading above its usual valuation (recalculated)
2026-07-06P/E 18.1+38%Trading above its usual valuation (recalculated)
2026-07-09P/E 18.1+38%Trading above its usual valuation (recalculated)
2026-07-12P/E 18.4+40%Significantly overvalued (recalculated)
2026-07-13P/E 18.4+40%Significantly overvalued (recalculated)
2026-07-14P/E 18.4+40%Significantly overvalued (recalculated)
2026-07-20P/E 18.8+43%Significantly overvalued (recalculated)
2026-07-22P/E 18.8+43%Significantly overvalued (recalculated)
2026-07-25P/E 19.2+47%Significantly overvalued (recalculated)
2026-07-27P/E 19.2+47%Significantly overvalued (recalculated)
2026-07-31P/E 19.4+48%Significantly overvalued (recalculated)
2026-08-03P/E 19.3+47%Significantly overvalued
2026-08-07P/E 19.9+52%Significantly overvalued (recalculated)
2026-08-10P/E 19.9+52%Significantly overvalued
2026-08-14P/E 19.5+49%Significantly overvalued (recalculated)
2026-08-17P/E 19.1+46%Significantly overvalued
2026-08-21P/E 16.2+24%Trading above its usual valuation (recalculated)
2026-08-24P/E 16.9+29%Trading above its usual valuation
2026-08-27P/E 16.9+29%Trading above its usual valuation (recalculated)
2026-08-28P/E 17.3+32%Trading above its usual valuation (recalculated)
2026-08-30P/E 17.1+31%Trading above its usual valuation (recalculated)
2026-08-31P/E 17.1+31%Trading above its usual valuation
2026-09-05P/E 17.5+33%Trading above its usual valuation (recalculated)
2026-09-07P/E 17.5+33%Trading above its usual valuation
2026-09-12P/E 16.6+26%Trading above its usual valuation (recalculated)
2026-09-14P/E 16.6+26%Trading above its usual valuation
2026-09-19P/E 16.0+22%Trading above its usual valuation (recalculated)
2026-09-21P/E 16.0+22%Trading above its usual valuation
2026-09-26P/E 15.7+19%Mixed on our tests (recalculated)
2026-09-28P/E 15.7+19%Mixed on our tests
2026-10-03P/E 15.1+15%Mixed on our tests (recalculated)
2026-10-05P/E 15.1+15%Mixed on our tests ← now

Frequently asked questions

Is Steel Dynamics stock overvalued?

At a blended P/E of 15.1 versus its historical normal P/E of 13.1, Steel Dynamics trades about 15% above its typical valuation, with a PEG of 2.03 on 7.4% forward growth. tickerseer currently rates it mixed on our tests.

What is Steel Dynamics's fair value and PEG?

Steel Dynamics trades at a blended P/E of 15.1 against a historical normal P/E of 13.1, a PEG of 2.03, and a forward growth estimate of 7.4%. Priced at its historical normal P/E of 13.1 on the same blended earnings, the 2026-10-02 close of $231.99 corresponds to about $201 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Steel Dynamics changed?

tickerseer's rating moved from significantly overvalued (2026-06-03) to mixed on our tests (2026-10-05).

What is the analyst price target for Steel Dynamics?

The mean Wall Street price target for Steel Dynamics is $270.96 across 14 analysts, 15.7% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Steel. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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