Is Nucor Corp. overvalued or undervalued?

As of 8 September 2025, the valuation grade for Nucor Corp. has moved from expensive to fair. Based on the current metrics, the company appears fairly valued. Key ratios include a P/E ratio of 23, an EV to EBITDA of 12.12, and a Price to Book Value of 1.97. In comparison, Steel Dynamics, Inc. has a P/E of 27.44 and an EV to EBITDA of 17.78, while Reliance, Inc. shows a P/E of 20.82 and an EV to EBITDA of 13.07, indicating that Nucor is competitively positioned within its industry.
Despite a strong 5-year return of 173.08%, Nucor's recent performance has lagged behind the S&P 500, with a 1-year return of -6.07% compared to the index's 17.14%. This suggests that while the stock may be fairly valued, it has not performed as well as the broader market in the short term.