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Steel Dynamics, Inc.

STLD Basic Materials Steel

Steel Dynamics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $18.2 billion, up 3.63% from fiscal 2024.

Revenue
+34.8%
EPS
+92.4%
Free cash flow
+25.0%
Total debt
+11.1%

Quarter to September 2026, against a year earlier

252.35 1.55 +0.62%
Market cap
$35.7B
P/E
18.5×
Fwd P/E
14.2×
Dividend yield
0.83%
F-score
5/9
Altman Z
5.03
Beneish M
−2.40
Dividend safety
71/100
Overview Business Profile
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Steel Dynamics, Inc. (STLD) P/B ratio

Alert me on P/B ratio

As of 2 November 2026, Steel Dynamics, Inc. (STLD) trades at a P/B ratio of 3.7×. Over the past ten years it has ranged from 0.9× (March 2020) to 4.6× (June 2026); the current reading is higher than 98% of that period. That is above the Steel industry median of 1.3× and above the Basic Materials sector median of 1.7×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.8× 41.03%
FY2024 2.0× (11.56%)
FY2023 2.3× 3.60%
FY2022 2.2× 5.82%
FY2021 2.1× 12.16%
FY2020 1.9× (2.55%)
FY2019 1.9× 2.46%
FY2018 1.9× (44.80%)
FY2017 3.4× 6.17%
FY2016 3.2× 86.87%

Quarterly newest first

Period P/B ratio Change
Sep 2026 3.3× (8.24%)
Jun 2026 3.6× 23.64%
Mar 2026 2.9× 1.72%
Dec 2025 2.8× 22.80%
43 more quarters

Against its own ten years

Low 0.9× High 4.6×
Ten-year median 2.3×
Current reading's percentile 98

P/B ratio against peers

Company P/B ratio
PKX POSCO Holdings Inc. compare 0.3×
TX Ternium S.A. compare 0.6×
MT ArcelorMittal compare 0.8×
GGB Gerdau S.A. compare 0.9×
SIM Grupo Simec, S.A. de C.V. compare 1.2×
CLF Cleveland-Cliffs Inc. compare 1.4×
NUE Nucor Corporation compare 2.6×
RS Reliance, Inc. compare 3.0×
STLD Steel Dynamics, Inc. 3.7×
Steel industry median 1.3×
Basic Materials sector median 1.7×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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