Is Nucor Corp. overvalued or undervalued?

As of 17 October 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. When compared to peers, Steel Dynamics, Inc. has a P/E of 27.44, while United States Steel Corp. stands out with an attractive P/E of 114.41, indicating that Nucor is competitively priced within its industry.
In terms of recent performance, Nucor's year-to-date return of 12.91% is slightly below the S&P 500's return of 13.30%, and its one-year return of -16.64% contrasts sharply with the S&P's 14.08%. This suggests that while Nucor is fairly valued, its stock performance has lagged behind broader market trends recently.