Back to rankings

Nucor Corp (NUE)

Overvalued
Basic MaterialsSteelUnited States

Fundamental

65

Price

$233.75

Market Cap

$55.47B

Part 1 · What the company is worth

Overview

Nucor Corporation engages in the manufacture and sale of steel and steel products. The company operates in three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico, as well as engages in the steel trading and rebar distribution businesses. The Steel Products segment offers steel joists and joist girders, steel decks, and galvanized torque tubes for use in solar arrays, hollow structural section steel tubing, electrical conduit, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, steel grating and expanded metal, wire and wire mesh, metal building systems, insulated metal panels, steel racking, overhead doors, and utility towers and structures for communications and energy transmission. This segment is also involved in the piling distribution business. The Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; processes ferrous and nonferrous scrap metal; and engages in the natural gas production and industrial gas business. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. Nucor Corporation was founded in 1905 and is based in Charlotte, North Carolina.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on September 19, 2026 with claude-haiku-4-5 — shared with all users

P/E: 20.1Score: 79Market cap: $33.71B

The closest match to Nucor's model: a US electric-arc-furnace mini-mill group selling sheet, structural, bar and fabricated steel to the same construction, automotive and industrial buyers.

Cleveland-Cliffs Inc.CLF

The largest North American producer of flat-rolled steel, competing head-on with Nucor's sheet mills for automotive and appliance contracts, though from integrated blast furnaces rather than scrap.

Commercial Metals CompanyCMC

Competes directly in rebar, merchant bar and downstream fabrication for US construction sites, the market where Nucor's steel products segment earns much of its revenue.

United States Steel CorporationNot tracked

A long-standing rival for the same US sheet, plate and tubular customers, now operating as a wholly owned subsidiary of Nippon Steel after its 2025 delisting.

ArcelorMittal S.A.MT

The largest steelmaker outside China supplies the US market through its Calvert joint venture and exports, competing with Nucor on flat-rolled and plate volumes.

Gerdau S.A.GGBR4

Its North American long-steel mills sell rebar, merchant bar and structural sections into the same US construction distribution channels Nucor serves.

Balance Sheet & Liquidity

Revenue

$36.10B

Trailing 12 months (through 7/4/2026)

Net Income

$2.88B

Trailing 12 months (through 7/4/2026)

Free Cash Flow

$-188M

Total Equity

$20.94B

Total Liabilities

$12.98B

Current Ratio

2.51

Interest Coverage

-

Debt/EBITDA

1.25

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

CyclicalOvervalued

Fair Value

$194.25

Current Price

$233.75

Margin of Safety

-20.3%

Fair Value Range

$126.27 - $262.24

Spread across the valuation methods used, not a statistically calibrated confidence interval.

Estimation Methods

Analyst price target:$283.63
Discounted cash flow (DCF):Not applicable to this type of company
Earnings multiple (P/E):$155.97
Graham growth formula:Not applicable to this type of company
Earnings power value (EPV):$79.34
Justified P/B:Not applicable to this type of company
Dividend discount (Gordon):Not applicable to this type of company
P/FFO, funds from operations:Not applicable to this type of company
Mid-cycle earnings:Not enough data to compute it
Revenue multiple:Not applicable to this type of company
Analyst Consensus:Buy (18B / 6H / 0S)
Last Earnings Surprise:+9.44%

Valuation Metrics

P/E Ratio

18.67

ROE

8.3%

P/B Ratio

2.40

P/FCF

33.50

Gross Margin

15.5%

ROIC

-

Profitability Radar

Value Creation (Economic Moat)

ROIC

-

WACC

13.4%

ROIC − WACC

-

Fundamental Analysis Criteria

Passed (17)

  • EPS shows upward trend
  • Price CAGR 15.86%
  • P/B Ratio 2.40
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • Current Ratio
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 11.2%
  • Revenue Growth 5Y 10.0%
  • Analyst Consensus 75% Buy
  • Earnings Surprise avg 7.9%
  • PEG Ratio 0.92
  • Earnings Quality (OCF/NI) 1.53
  • Share Dilution -3.2%
  • Net Margin Trend 8.0% vs 4.2%
  • Piotroski F-Score 6/9

Failed (7)

  • EPS CAGR 2.36%
  • Gross Margin 15.5%
  • P/FCF 33.50
  • CapEx intensity
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)

Unavailable (4)

  • ROIC NaN%
  • Dividend Payout NaN%
  • Operating Margin NaN%
  • Interest Coverage

Piotroski F-Score

6/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

1.53

High quality: earnings backed by cash

Share Dilution

-3.2%

Buying back shares. Shareholder friendly

Institutional Holdings

Governance

Executive Team

NameTitleAge
Mr. Leon J. TopalianChairman of the Board & CEO57
Mr. Stephen D. LaxtonPresident & COO54
Mr. K. Rex QueryExecutive Vice President of Strategy59
Mr. John L. SullivanExecutive VP, CFO & Treasurer51
Chris JacobiDirector of Investor Relations-
Mr. Douglas R. WilnerPresident of Corporate Legal Affairs & General Counsel-
Ms. Elizabeth BledsoePresident of Human Resources & Talent52
Mr. D. Chad UtermarkExecutive Vice President of New Markets & Innovation56
Mr. Gregory J. MurphyExecutive VP & Advisor61
Mr. Allen C. BehrExecutive Vice President of Raw Materials50

Audit Risk

9

Board Risk

7

Compensation Risk

2

Shareholder Rights Risk

8

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Documents

  • Annual Report (10-K)

    A yearly overview of the business, its financial results, and the risks it faces.

    Filed on 2026-02-25

    View document
  • Quarterly Report (10-Q)

    A snapshot of financial performance for the most recent three-month period.

    Filed on 2026-08-12

    View document
  • Current Report (8-K)

    An announcement of a major event, such as a leadership change or big news.

    Filed on 2026-07-27

    View document

via SEC EDGAR

Income History

via SEC EDGAR

Latest News

Recent headlines for NUE, sourced from Markets Gazette.

  • 6/16/2026POSITIVE
    $1000 Invested In Nucor 10 Years Ago Would Be Worth This Much Today

    An investment of $1,000 in Nucor Corporation (NUE) a decade ago would have grown substantially, illustrating the company's strong performance and shareholder value creation over the past ten years. While specific figures for the current valuation are not provided in the snippet, the headline implies a significant positive return, likely outperforming broader market indices. This suggests Nucor's strategic initiatives, operational efficiency, and favorable market conditions in the steel sector have translated into robust investment gains for its shareholders.

  • 5/26/2026POSITIVE
    Here's How Much $100 Invested In Nucor 5 Years Ago Would Be Worth Today

    An investment of $100 in Nucor Corporation five years ago would have grown to approximately $300 today, reflecting a significant 200% return. This performance outpaces many market indices and highlights the company's strong operational execution and strategic positioning within the steel industry. Investors who held Nucor stock over this period have benefited from the company's consistent profitability, dividend growth, and ability to navigate market cycles effectively, underscoring its resilience and value creation.

  • 4/27/2026NEUTRAL
    Top Wall Street Forecasters Revamp Nucor Expectations Ahead Of Q1 Earnings

    Nucor Corporation is set to release its first-quarter earnings on April 27th, with analysts projecting earnings per share of $2.82 and revenue of $8.86 billion. While the consensus expectations are outlined, recent analyst ratings present a mixed picture. Goldman Sachs maintains a Neutral rating, while Morgan Stanley holds an Equal-Weight rating. Notably, Wolfe Research downgraded the stock from Peer Perform to Underperform in January 2022. The upcoming earnings report will be crucial for investors to assess the company's performance against these varied analyst outlooks and market expectations.

  • 3/25/2026POSITIVE
    $1000 Invested In Nucor 5 Years Ago Would Be Worth This Much Today

    An investment of $1,000 in Nucor Corporation five years prior to March 25, 2026, would have yielded a significant return, reaching a value of $3,340. This represents a cumulative gain of 234% over the period. The stock's performance highlights its robust growth trajectory and ability to generate substantial shareholder value. For investors, Nucor's consistent appreciation underscores its strength in the steel manufacturing sector and its potential for continued long-term investment success.

via Markets Gazette