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Steel DynamicsMEX:STLD 75 EV-to-OCF is 24.35 as of Jul. 21, 2026, which is 197% above its 10-year median of 8.21. GuruFocus rates MEX:STLD with a GF Score™ of 75/100 and a GF Value™ of MXN2,834.69 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 635 Steel companies, Steel Dynamics ranks worse than 82.68% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Steel Dynamics's Enterprise Value is MXN645,624 Mil.
Steel Dynamics's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was MXN26,520 Mil. Therefore, Steel Dynamics's EV-to-OCF for today is 24.35.
The historical rank and industry rank for Steel Dynamics's EV-to-OCF or its related term are showing as below:
MEX:STLD'
s EV-to-OCF Range Over the Past 10 Years
Min: 3.44 Med: 8.21 Max: 30.93
Current: 25.47
During the past 13 years, the highest EV-to-OCF of Steel Dynamics was 30.93. The lowest was 3.44. And the median was 8.21.
MEX:STLD's EV-to-OCF is ranked worse than 82.68% of 635
companies
in the Steel industry
Industry Median: 7.13
vs MEX:STLD: 25.47
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Steel Dynamics's PE Ratio (TTM) for today is calculated as:
Steel Dynamics's share price for today is MXN4107.96.
Steel Dynamics's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN171.153.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Steel Dynamics EV-to-OCF Related Terms
Steel Dynamics EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Steel Dynamics's EV-to-OCF 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Steel Industry
For the Steel industry and Basic Materials sector, Steel Dynamics's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Steel Dynamics's EV-to-OCF falls into.
Steel Dynamics's current Enterprise Value is MXN645,624 Mil.
Steel Dynamics's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN26,520 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 (MEX:STLD) has a EV-to-OCF of 24.35 as of Jul. 21, 2026. This is 197% above median its historical median of 8.21. Over the past decade, Steel Dynamics' EV-to-OCF has ranged from 3.44 to 30.93. According to the industry distribution chart, Steel Dynamics ranks #525 out of 635 companies in the Steel industry, placing it in the top 82.7%.
Is Steel Dynamics' EV-to-OCF too high?
Steel Dynamics' current EV-to-OCF of 24.35 is 197% above median its 10-year median of 8.21. Over the past 10 years, this metric has ranged from a low of 3.44 to a high of 30.93. The Steel industry median EV-to-OCF is 7.13. Steel Dynamics' value of 24.35 is 241.5% above this industry median. Based on the distribution chart, Steel Dynamics ranks #525 out of 635 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Steel Dynamics has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steel Dynamics' EV-to-OCF compare to RS and NUE?
According to the Steel industry distribution chart, Steel Dynamics ranks #525 out of 635 companies for EV-to-OCF. This places Steel Dynamics in the lower half of its industry. The industry median EV-to-OCF is 7.13. Steel Dynamics' value of 24.35 is 241.5% above this benchmark. Historically, Steel Dynamics' own EV-to-OCF has ranged from 3.44 to 30.93 over the past decade. While the company's 10-year median is 8.21 vs. the industry median of 7.13, 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-OCF for a Steel company?
The median EV-to-OCF among Steel companies is 7.13, based on 635 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Steel Dynamics's current EV-to-OCF of 24.35 is 241.5% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median EV-to-OCF is 7.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Dynamics's current EV-to-OCF is 24.35, which is 197% above median its own 10-year median of 8.21. 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 (MEX:STLD) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN2,834.69, compared to a current price of MXN4,107.96 — trading 44.9% above its estimated fair value. The current EV-to-OCF is 24.35, which is 197% above median its 10-year median of 8.21 and 241.5% above the Steel industry median of 7.13. Steel Dynamics' overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Steel Dynamics (MEX:STLD), the current EV-to-OCF is 24.35 as of Jul. 21, 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 (MEX:STLD) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Dynamics stock appears to be overvalued.
The current stock price of MXN4,107.96 is trading 44.9% above its estimated GF Value™ of MXN2,834.69.
GuruFocus considers Steel Dynamics to be Significantly Overvalued.
Key valuation signals for MEX:STLD:
EV-to-OCF: 24.35 (197% above median its 10-year median of 8.21)
GF Value™: MXN2,834.69 vs. price of MXN4,107.96 (44.9% above fair value)
Industry Position: 241.5% above the Steel median (#525 of 635)
No single metric tells the full story. See the MEX:STLD 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.
75GF Score
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