Is Worthington Enterprises, Inc. overvalued or undervalued?

As of 17 October 2025, Worthington Enterprises, Inc. has moved from very expensive to fair in its valuation grade. The company is currently fairly valued, with a P/E ratio of 23, a Price to Book Value of 3.21, and an EV to EBITDA of 37.70. In comparison, Commercial Metals Co. is considered attractive with a P/E of 18.46 and an EV to EBITDA of 9.51, while Cleveland-Cliffs, Inc. is rated risky with a P/E of -3.94 and an EV to EBITDA of -47.28.
Despite some volatility, Worthington has shown strong returns year-to-date at 40.91%, significantly outperforming the S&P 500's 13.30% during the same period, although its 3-year return of 28.34% lags behind the S&P 500's 81.19%. Overall, the valuation metrics suggest that Worthington Enterprises is appropriately valued relative to its peers in the ferrous metals industry.