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, peers such as Nucor Corp. and Steel Dynamics, Inc. have higher P/E ratios of 27.41 and 27.44, respectively, indicating that Reliance is positioned more favorably within its industry.
Despite the fair valuation, Reliance has underperformed against the S&P 500 in recent periods, with a year-to-date return of 0.91% compared to the S&P 500's 13.30%. However, over the last five years, Reliance has delivered a strong return of 139.93%, outperforming the S&P 500's 91.29%, highlighting its potential for long-term growth.