Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Algoma Steel Group's share price for the quarter that ended in Mar. 2026 was $4.13. Algoma Steel Group's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 105 Mil. Therefore, Algoma Steel Group's market cap for the quarter that ended in Mar. 2026 was $435 Mil.
Algoma Steel Group's quarterly market cap
increased
from Sep. 2025 ($373 Mil) to Dec. 2025 ($430 Mil) and
increased
from Dec. 2025 ($430 Mil) to Mar. 2026 ($435 Mil).
Algoma Steel Group's annual market cap
increased
from Mar. 2023 ($837 Mil) to Mar. 2024 ($884 Mil) but then
declined
from Mar. 2024 ($884 Mil) to Dec. 2025 ($430 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Algoma Steel Group's Enterprise Value for Today is $970 Mil.
Algoma Steel Group (NAS:ASTL) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Algoma Steel Group Market Cap Related Terms
Algoma Steel Group Market Cap Historical Data
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The historical data trend for Algoma Steel Group's Market Cap 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, Algoma Steel Group's Market Cap, along with its competitors' market caps and Market Cap 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.
Algoma Steel Group Market Cap vs Steel Industry
For the Steel industry and Basic Materials sector, Algoma Steel Group's Market Cap distribution charts can be found below:
* The bar in red indicates where Algoma Steel Group's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Algoma Steel Group's Market Cap 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.
Algoma Steel Group (ASTL) has a Market Cap of $424 Mil as of Jun. 24, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Algoma Steel Group and its competitors. According to the industry distribution chart, Algoma Steel Group ranks #181 out of 644 companies in the Steel industry, placing it in the top 28.1%.
Is Algoma Steel Group's Market Cap too high?
Algoma Steel Group's current Market Cap is $424 Mil. The Steel industry median Market Cap is 99.63. Algoma Steel Group's value of $424 Mil is 325.6% above this industry median. Based on the distribution chart, Algoma Steel Group ranks #181 out of 644 companies in the Steel industry, which is above the industry midpoint. Overall, Algoma Steel Group has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Algoma Steel Group's Market Cap compare to NUE and STLD?
According to the Steel industry distribution chart, Algoma Steel Group ranks #181 out of 644 companies for Market Cap. This puts Algoma Steel Group in the upper half of its industry. The industry median Market Cap is 99.63. Algoma Steel Group's value of $424 Mil is 325.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Steel company?
The median Market Cap among Steel companies is 99.63, based on 644 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Algoma Steel Group's current Market Cap of $424 Mil is 325.6% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Algoma Steel Group and its competitors. For the Steel industry, the median Market Cap is 99.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Algoma Steel Group's current Market Cap is $424 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Algoma Steel Group stock overvalued right now?
Based on GuruFocus' analysis, Algoma Steel Group (ASTL) is currently considered Modestly Undervalued. The stock's GF Value™ is $5.50, compared to a current price of $3.99 — trading 27.5% below its estimated fair value. The current Market Cap is $424 Mil and 325.6% above the Steel industry median of 99.63. Algoma Steel Group's overall GF Score™ is 59/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Algoma Steel Group (ASTL), the current Market Cap is $424 Mil as of Jun. 24, 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 Algoma Steel Group (ASTL) Overvalued in 2026?
Based on GuruFocus' analysis, Algoma Steel Group stock appears to be undervalued.
The current stock price of $3.99 is trading 27.5% below its estimated GF Value™ of $5.50.
GuruFocus considers Algoma Steel Group to be Modestly Undervalued.
Key valuation signals for ASTL:
Market Cap: $424 Mil
GF Value™: $5.50 vs. price of $3.99 (27.5% below fair value)
Industry Position: 325.6% above the Steel median (#181 of 644)
No single metric tells the full story. See the ASTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Algoma Steel Group Inc is a fully integrated steel producer of hot and cold rolled steel products, including coiled sheet and plate, strategically located. The firm operates in a single segment of basic steel production including sheets, plates, slabs, and freights. The company's revenue is generated from contracts to produce, ship, and deliver steel products Geographically it serves Canada, the United States, and the rest of the world, whilst driving key revenue from United States. The company generates the majority of its revenue from the sale of Steel sheets and strips.
59GF Score
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