Is Reliance, Inc. overvalued or undervalued?

As of 28 April 2025, the valuation grade for Reliance, Inc. has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. The P/E ratio stands at 21, while the EV to EBITDA ratio is 13.19, and the Price to Book Value is 2.29.
In comparison to its peers, Reliance, Inc. has a P/E ratio of 20.69, which is lower than United States Steel Corp.'s attractive valuation at 146.48, but higher than Commercial Metals Co., which is rated expensive at 13.45. Additionally, the company's ROCE is 12.64% and ROE is 11.08%, indicating solid returns relative to its equity. Notably, Reliance has outperformed the S&P 500 in the year-to-date period with a return of 14.88% compared to the index's 2.44%.