Is Reliance, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Reliance, Inc. has moved from very expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 21, an EV to EBITDA of 13.19, and a Price to Book Value of 2.29. In comparison, Nucor Corp. has a P/E of 27.41 and an EV to EBITDA of 14.03, while Steel Dynamics, Inc. shows a P/E of 27.44 and an EV to EBITDA of 17.78, indicating that Reliance is positioned more favorably within its peer group.
In terms of recent performance, Reliance has underperformed against the S&P 500 over the past year, with a return of -8.31% compared to the index's 14.08%. However, over the last five years, the company has delivered a robust return of 139.93%, significantly outpacing the S&P 500's 91.29%. This suggests that while the current valuation is fair, the long-term growth potential remains strong.