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Steel DynamicsMIL:1STLD 65 EV-to-FCF is 58.21 as of Jul. 20, 2026, which is 506% above its 10-year median of 9.60. GuruFocus rates MIL:1STLD with a GF Score™ of 65/100 and a GF Value™ of €135.08 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 361 Steel companies, Steel Dynamics ranks worse than 81.99% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Steel Dynamics's Enterprise Value is €32,997 Mil.
Steel Dynamics's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €567 Mil. Therefore, Steel Dynamics's EV-to-FCF for today is 58.21.
The historical rank and industry rank for Steel Dynamics's EV-to-FCF or its related term are showing as below:
MIL:1STLD'
s EV-to-FCF Range Over the Past 10 Years
Min: -989.64 Med: 9.6 Max: 92.88
Current: 56.5
During the past 13 years, the highest EV-to-FCF of Steel Dynamics was 92.88. The lowest was -989.64. And the median was 9.60.
MIL:1STLD's EV-to-FCF is ranked worse than 81.99% of 361
companies
in the Steel industry
Industry Median: 16.18
vs MIL:1STLD: 56.50
EV-to-FCF 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-FCF 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 €204.60.
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 €8.036.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Steel Dynamics EV-to-FCF Related Terms
Steel Dynamics EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Steel Dynamics's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Steel Industry
For the Steel industry and Basic Materials sector, Steel Dynamics's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Steel Dynamics's EV-to-FCF falls into.
Steel Dynamics's current Enterprise Value is €32,997 Mil.
Steel Dynamics's Free Cash Flow 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 €567 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-FCF of 58.21 as of Jul. 20, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Steel Dynamics and its competitors. This is 506% above median its historical median of 9.60. According to the industry distribution chart, Steel Dynamics ranks #296 out of 361 companies in the Steel industry, placing it in the top 82%.
Is Steel Dynamics' EV-to-FCF too high?
Steel Dynamics' current EV-to-FCF of 58.21 is 506% above median its 10-year median of 9.60. The Steel industry median EV-to-FCF is 16.18. Steel Dynamics' value of 58.21 is 259.8% above this industry median. Based on the distribution chart, Steel Dynamics ranks #296 out of 361 companies in the Steel industry, which is in the bottom quartile relative to peers. 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-FCF compare to RS and NUE?
According to the Steel industry distribution chart, Steel Dynamics ranks #296 out of 361 companies for EV-to-FCF. This places Steel Dynamics in the lower half of its industry. The industry median EV-to-FCF is 16.18. Steel Dynamics' value of 58.21 is 259.8% above this benchmark. While the company's 10-year median is 9.60 vs. the industry median of 16.18, 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-FCF for a Steel company?
The median EV-to-FCF among Steel companies is 16.18, based on 361 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Steel Dynamics's current EV-to-FCF of 58.21 is 259.8% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Steel Dynamics and its competitors. For the Steel industry, the median EV-to-FCF is 16.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Dynamics's current EV-to-FCF is 58.21, which is 506% above median its own 10-year median of 9.60. 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 €135.08, compared to a current price of €204.60 — trading 51.5% above its estimated fair value. The current EV-to-FCF is 58.21, which is 506% above median its 10-year median of 9.60 and 259.8% above the Steel industry median of 16.18. Steel Dynamics' overall GF Score™ is 65/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Steel Dynamics (MIL:1STLD), the current EV-to-FCF is 58.21 as of Jul. 20, 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 €204.60 is trading 51.5% above its estimated GF Value™ of €135.08.
GuruFocus considers Steel Dynamics to be Significantly Overvalued.
Key valuation signals for MIL:1STLD:
EV-to-FCF: 58.21 (506% above median its 10-year median of 9.60)
GF Value™: €135.08 vs. price of €204.60 (51.5% above fair value)
Industry Position: 259.8% above the Steel median (#296 of 361)
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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