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Steel DynamicsMIL:1STLD 65 EV-to-EBIT is 18.86 as of Jul. 31, 2026, which is 125% above its 10-year median of 8.39. GuruFocus rates MIL:1STLD with a GF Score™ of 65/100 and a GF Value™ of €140.67 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 492 Steel companies, Steel Dynamics ranks worse than 65.04% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Steel Dynamics's Enterprise Value for the quarter that ended in Jun. 2026 was €33,835 Mil.
Steel Dynamics's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,838 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Steel Dynamics EV-to-EBIT Related Terms
Steel Dynamics EV-to-EBIT Historical Data
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The historical data trend for Steel Dynamics's EV-to-EBIT can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Steel subindustry, Steel Dynamics's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Steel Dynamics EV-to-EBIT vs Steel Industry
For the Steel industry and Basic Materials sector, Steel Dynamics's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Steel Dynamics's EV-to-EBIT falls into.
Steel Dynamics's current Enterprise Value is €34,649 Mil.
Steel Dynamics's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,838 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Steel Dynamics (MIL:1STLD) has a EV-to-EBIT of 18.86 as of Jul. 31, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Steel Dynamics and its competitors. This is 125% above median its historical median of 8.39. Over the past decade, Steel Dynamics' EV-to-EBIT has ranged from 2.41 to 56.76. According to the industry distribution chart, Steel Dynamics ranks #320 out of 492 companies in the Steel industry, placing it in the top 65%.
Is Steel Dynamics' EV-to-EBIT too high?
Steel Dynamics' current EV-to-EBIT of 18.86 is 125% above median its 10-year median of 8.39. Over the past 10 years, this metric has ranged from a low of 2.41 to a high of 56.76. The Steel industry median EV-to-EBIT is 13.09. Steel Dynamics' value of 18.86 is 44.1% above this industry median. Based on the distribution chart, Steel Dynamics ranks #320 out of 492 companies in the Steel industry, which is below the industry midpoint. Overall, Steel Dynamics has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steel Dynamics' EV-to-EBIT compare to RS and NUE?
According to the Steel industry distribution chart, Steel Dynamics ranks #320 out of 492 companies for EV-to-EBIT. This places Steel Dynamics in the lower half of its industry. The industry median EV-to-EBIT is 13.09. Steel Dynamics' value of 18.86 is 44.1% above this benchmark. Historically, Steel Dynamics' own EV-to-EBIT has ranged from 2.41 to 56.76 over the past decade. While the company's 10-year median is 8.39 vs. the industry median of 13.09, Steel Dynamics has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Steel company?
The median EV-to-EBIT among Steel companies is 13.09, based on 492 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Steel Dynamics's current EV-to-EBIT of 18.86 is 44.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Steel Dynamics and its competitors. For the Steel industry, the median EV-to-EBIT is 13.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Dynamics's current EV-to-EBIT is 18.86, which is 125% above median its own 10-year median of 8.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Dynamics stock overvalued right now?
Based on GuruFocus' analysis, Steel Dynamics (MIL:1STLD) is currently considered Significantly Overvalued. The stock's GF Value™ is €140.67, compared to a current price of €209.80 — trading 49.1% above its estimated fair value. The current EV-to-EBIT is 18.86, which is 125% above median its 10-year median of 8.39 and 44.1% above the Steel industry median of 13.09. Steel Dynamics' overall GF Score™ is 65/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Steel Dynamics (MIL:1STLD), the current EV-to-EBIT is 18.86 as of Jul. 31, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Steel Dynamics (MIL:1STLD) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Dynamics stock appears to be overvalued.
The current stock price of €209.80 is trading 49.1% above its estimated GF Value™ of €140.67.
GuruFocus considers Steel Dynamics to be Significantly Overvalued.
Key valuation signals for MIL:1STLD:
EV-to-EBIT: 18.86 (125% above median its 10-year median of 8.39)
GF Value™: €140.67 vs. price of €209.80 (49.1% above fair value)
Industry Position: 44.1% above the Steel median (#320 of 492)
No single metric tells the full story. See the MIL:1STLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steel Dynamics Inc operates as a domestic steel producer and metal recycler in the United States. The company's product portfolio comprises hot rolled sheet, hot rolled plate, painted sheet products, cold rolled sheet, and others. Its reportable segments are steel operations, metals recycling operations, steel fabrication operations, and aluminum operations. Maximum revenue is generated from its steel operations segment, which consists of manufacturing various steel products and numerous coating operations. Its primary sources of revenue are currently from the manufacture and sale of steel products, the processing and sale of recycled ferrous and nonferrous metals, and the fabrication and sale of steel joists and deck products.
65GF Score
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