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). Steel Dynamics's share price for the quarter that ended in Mar. 2026 was €155.94. Steel Dynamics's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 144 Mil. Therefore, Steel Dynamics's market cap for the quarter that ended in Mar. 2026 was €22,524 Mil.
Steel Dynamics's quarterly market cap
increased
from Sep. 2025 (€17,156 Mil) to Dec. 2025 (€21,150 Mil) and
increased
from Dec. 2025 (€21,150 Mil) to Mar. 2026 (€22,524 Mil).
Steel Dynamics's annual market cap
declined
from Dec. 2023 (€17,096 Mil) to Dec. 2024 (€16,641 Mil) but then
increased
from Dec. 2024 (€16,641 Mil) to Dec. 2025 (€21,150 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. Steel Dynamics's Enterprise Value for Today is €32,235 Mil.
Steel Dynamics (STU:SD5) 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.
Steel Dynamics Market Cap Related Terms
Steel Dynamics Market Cap Historical Data
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The historical data trend for Steel Dynamics'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, Steel Dynamics'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.
Steel Dynamics Market Cap vs Steel Industry
For the Steel industry and Basic Materials sector, Steel Dynamics's Market Cap distribution charts can be found below:
* The bar in red indicates where Steel Dynamics'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.
Steel Dynamics'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.
Steel Dynamics (STU:SD5) has a Market Cap of €29,062 Mil as of Jul. 01, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Steel Dynamics and its competitors. According to the industry distribution chart, Steel Dynamics ranks #3 out of 640 companies in the Steel industry, placing it in the top 0.5%.
Is Steel Dynamics' Market Cap too high?
Steel Dynamics' current Market Cap is €29,062 Mil. Based on the distribution chart, Steel Dynamics ranks #3 out of 640 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Steel Dynamics has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steel Dynamics' Market Cap compare to RS and NUE?
According to the Steel industry distribution chart, Steel Dynamics ranks #3 out of 640 companies for Market Cap. This places Steel Dynamics in the top 1% of its industry — outperforming the majority of peers. The industry median Market Cap is 101.19. 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 101.19, based on 640 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. 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 Steel Dynamics and its competitors. For the Steel industry, the median Market Cap is 101.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Dynamics's current Market Cap is €29,062 Mil. 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 (STU:SD5) is currently considered Significantly Overvalued. The stock's GF Value™ is €137.26, compared to a current price of €200.60 — trading 46.1% above its estimated fair value. The current Market Cap is €29,062 Mil. Steel Dynamics' overall GF Score™ is 87/100 with 4 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 Steel Dynamics (STU:SD5), the current Market Cap is €29,062 Mil as of Jul. 01, 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 (STU:SD5) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Dynamics stock appears to be overvalued.
The current stock price of €200.60 is trading 46.1% above its estimated GF Value™ of €137.26.
GuruFocus considers Steel Dynamics to be Significantly Overvalued.
Key valuation signals for STU:SD5:
Market Cap: €29,062 Mil
GF Value™: €137.26 vs. price of €200.60 (46.1% above fair value)
No single metric tells the full story. See the STU:SD5 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.
87GF Score
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