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Steel DynamicsSTLD +2.72%88 Equity-to-Asset is 0.55 as of Jun. 2026, which is 8% above its 10-year median of 0.51. GuruFocus rates STLD with a GF Score™ of 88/100 and a GF Value™ of $168.32 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 635 Steel companies, Steel Dynamics ranks better than 51.34% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Steel Dynamics's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $9,420 Mil. Steel Dynamics's Total Assets for the quarter that ended in Jun. 2026 was $17,113 Mil.
Therefore, Steel Dynamics's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.55.
The historical rank and industry rank for Steel Dynamics's Equity-to-Asset or its related term are showing as below:
STLD'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.44 Med: 0.51 Max: 0.61
Current: 0.55
During the past 13 years, the highest Equity to Asset Ratio of Steel Dynamics was 0.61. The lowest was 0.44. And the median was 0.51.
STLD's Equity-to-Asset is ranked better than 51.34% of 635
companies
in the Steel industry
Industry Median: 0.55
vs STLD: 0.55
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Steel Dynamics Equity-to-Asset Related Terms
Steel Dynamics Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Steel Dynamics's Equity-to-Asset 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 Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Steel Dynamics's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Steel Dynamics's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Steel Dynamics's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (STLD) has a Equity-to-Asset of 0.55 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Steel Dynamics and its competitors. This is near median its historical median of 0.51. Over the past decade, Steel Dynamics' Equity-to-Asset has ranged from 0.44 to 0.61. According to the industry distribution chart, Steel Dynamics ranks #309 out of 635 companies in the Steel industry, placing it in the top 48.7%.
Is Steel Dynamics' Equity-to-Asset too high?
Steel Dynamics' current Equity-to-Asset of 0.55 is near median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 0.61. The Steel industry median Equity-to-Asset is 0.55. Steel Dynamics' value of 0.55 is 0% at this industry median. Based on the distribution chart, Steel Dynamics ranks #309 out of 635 companies in the Steel industry, which is above the industry midpoint. Overall, Steel Dynamics has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steel Dynamics' Equity-to-Asset compare to RS and NUE?
According to the Steel industry distribution chart, Steel Dynamics ranks #309 out of 635 companies for Equity-to-Asset. This puts Steel Dynamics in the upper half of its industry. The industry median Equity-to-Asset is 0.55. Steel Dynamics' value of 0.55 is 0% at this benchmark. Historically, Steel Dynamics' own Equity-to-Asset has ranged from 0.44 to 0.61 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.55, Steel Dynamics has consistently been at 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 Equity-to-Asset for a Steel company?
The median Equity-to-Asset among Steel companies is 0.55, based on 635 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Steel Dynamics's current Equity-to-Asset of 0.55 is 0% at 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Steel Dynamics and its competitors. For the Steel industry, the median Equity-to-Asset is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Dynamics's current Equity-to-Asset is 0.55, which is near median its own 10-year median of 0.51. 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 (STLD) is currently considered Significantly Overvalued. The stock's GF Value™ is $168.32, compared to a current price of $247.11 — trading 46.8% above its estimated fair value. The current Equity-to-Asset is 0.55, which is near median its 10-year median of 0.51 and 0% at the Steel industry median of 0.55. Steel Dynamics' overall GF Score™ is 88/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Steel Dynamics (STLD), the current Equity-to-Asset is 0.55 as of Jun. 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 (STLD) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Dynamics stock appears to be overvalued.
The current stock price of $247.11 is trading 46.8% above its estimated GF Value™ of $168.32.
GuruFocus considers Steel Dynamics to be Significantly Overvalued.
Key valuation signals for STLD:
Equity-to-Asset: 0.55 (near median its 10-year median of 0.51)
GF Value™: $168.32 vs. price of $247.11 (46.8% above fair value)
Industry Position: 0% at the Steel median (#309 of 635)
No single metric tells the full story. See the 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.
88GF Score
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