Is Olympic Steel, Inc. overvalued or undervalued?

As of 14 November 2025, the valuation grade for Olympic Steel, Inc. has moved from fair to very expensive. This indicates that the company is currently overvalued. Key valuation ratios include a P/E ratio of 21, an EV to EBITDA of 8.22, and a Price to Book Value of 0.61. In comparison, peers such as Insteel Industries, Inc. have a P/E of 22.80, while Park-Ohio Holdings Corp. shows a significantly lower P/E of 9.58, highlighting Olympic Steel's relatively high valuation.
The company's recent stock performance has been mixed, with a year-to-date return of 3.57% compared to the S&P 500's 14.49%, and a one-year return of -12.69% against the S&P 500's 13.19%. This underperformance reinforces the notion that Olympic Steel is overvalued in the current market environment.