STLD

Steel Dynamics, Inc.

Basic Materials · $33.0B market cap

Verdict

Share price

$231.99

close of Oct 3, 2026

Fair value

$86.62

Sticker Price

Payback Price

$34.65

buy price

Overpriced

STLD is Overpriced: at $231.99 it trades 168% above its fair value of $86.62. Its buy price (Payback Price) is $34.65, 85% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

4 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth14.6% a year✓
Equity per share growth10.7% a year✓
Sales growth8.5% a year✗
Free cash flow growth13.9% a year✓
Return on invested capital12.7%✓

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Insider activity

Since Jul 10, 2026: no open-market purchases and 8 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

About Steel Dynamics, Inc.

Steel Dynamics, Inc. is a prominent American steel manufacturer and metal recycling enterprise, conducting its operations through three distinct business divisions. The Steel Operations segment is responsible for producing a broad range of steel products, including hot, cold, and coated rolled steel, various structural shapes like beams, channels, and angles, flat and reinforcing bars, and a diverse selection of…

Steel

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works