Worthington Steel (NYSE:WS) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Worthington Steel Forward PE Ratio Related Terms
Worthington Steel Forward PE Ratio Historical Data
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The historical data trend for Worthington Steel's Forward PE Ratio 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.
Worthington Steel Forward PE Ratio Chart
Worthington Steel Annual Data
Trend
2024-05
2025-05
2026-05
Forward PE Ratio
14.16
9.41
16.85
Worthington Steel Quarterly Data
2024-05
2024-08
2024-11
2025-02
2025-05
2025-08
2025-11
2026-02
2026-05
Forward PE Ratio
14.16
11.64
15.07
8.36
9.41
12.96
12.69
13.72
16.85
WS vs NWPX, MTUS, MSB: Forward PE Ratio Comparison
For the Steel subindustry, Worthington Steel's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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.
Worthington Steel Forward PE Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Worthington Steel's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Worthington Steel's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Worthington Steel (WS) has a Forward PE Ratio of 12.56 as of Jul. 03, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Worthington Steel and its competitors. According to the industry distribution chart, Worthington Steel ranks #77 out of 179 companies in the Steel industry, placing it in the top 43%.
Is Worthington Steel's Forward PE Ratio too high?
Worthington Steel's current Forward PE Ratio is 12.56. The Steel industry median Forward PE Ratio is 13.64. Worthington Steel's value of 12.56 is 7.9% below this industry median. Based on the distribution chart, Worthington Steel ranks #77 out of 179 companies in the Steel industry, which is above the industry midpoint. Overall, Worthington Steel has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Worthington Steel's Forward PE Ratio compare to NWPX and MTUS?
According to the Steel industry distribution chart, Worthington Steel ranks #77 out of 179 companies for Forward PE Ratio. This puts Worthington Steel in the upper half of its industry. The industry median Forward PE Ratio is 13.64. Worthington Steel's value of 12.56 is 7.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Steel company?
The median Forward PE Ratio among Steel companies is 13.64, based on 179 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Worthington Steel's current Forward PE Ratio of 12.56 is 7.9% below 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Worthington Steel and its competitors. For the Steel industry, the median Forward PE Ratio is 13.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Worthington Steel's current Forward PE Ratio is 12.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Worthington Steel stock overvalued right now?
Based on GuruFocus' analysis, Worthington Steel (WS) is currently considered Fairly Valued. The stock's GF Value™ is $33.77, compared to a current price of $32.02 — trading 5.2% below its estimated fair value. The current Forward PE Ratio is 12.56 and 7.9% below the Steel industry median of 13.64. Worthington Steel's overall GF Score™ is 54/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Worthington Steel (WS), the current Forward PE Ratio is 12.56 as of Jul. 03, 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 Worthington Steel (WS) Overvalued in 2026?
Based on GuruFocus' analysis, Worthington Steel stock appears to be undervalued.
The current stock price of $32.02 is trading 5.2% below its estimated GF Value™ of $33.77.
GuruFocus considers Worthington Steel to be Fairly Valued.
Key valuation signals for WS:
Forward PE Ratio: 12.56
GF Value™: $33.77 vs. price of $32.02 (5.2% below fair value)
Industry Position: 7.9% below the Steel median (#77 of 179)
No single metric tells the full story. See the WS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Worthington Steel Inc is a processor of carbon flat-rolled steel, a producer of laser-welded solutions, and a provider of electrical steel laminations. The company has manufacturing facilities across the United States, Canada, China, India, Germany and Mexico. It buys coils of steel from primary steel producers and processes them to precise type, thickness, length, width, shape, and surface quality required by customer specifications. The company's product lines and processing capabilities include; carbon flat-rolled steel processing, electrical steel laminations, and tailor welded products. Geographically, the company generates a majority of its revenue from the United States followed by Canada, Mexico, and other regions.
54GF Score
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