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Steel DynamicsMIL:1STLD 68 Shiller PE Ratio is 21.25 as of Sep. 13, 2026, which is 13% above its 10-year median of 18.80. GuruFocus rates MIL:1STLD with a GF Score™ of 68/100 and a GF Value™ of €164.71 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 411 Steel companies, Steel Dynamics ranks worse than 70.07% on this metric.
As of today (2026-09-13), Steel Dynamics's current share price is €205.90. Steel Dynamics's E10 for the quarter that ended in Jun. 2026 was €9.69. Steel Dynamics's Shiller PE Ratio for today is 21.25.
The historical rank and industry rank for Steel Dynamics's Shiller PE Ratio or its related term are showing as below:
MIL:1STLD'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.63 Med: 18.8 Max: 43.84
Current: 23.09
During the past years, Steel Dynamics's highest Shiller PE Ratio was 43.84. The lowest was 10.63. And the median was 18.80.
MIL:1STLD's Shiller PE Ratio is ranked worse than 70.07% of 411
companies
in the Steel industry
Industry Median: 13.72
vs MIL:1STLD: 23.09
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Steel Dynamics's adjusted earnings per share data for the three months ended in Jun. 2026 was €3.203. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €9.69 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Steel Dynamics (MIL:1STLD) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Steel Dynamics Shiller PE Ratio Related Terms
Steel Dynamics Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Steel Dynamics's Shiller 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.
MIL:1STLD vs RS, TX, NUE: Shiller PE Ratio Comparison
For the Steel subindustry, Steel Dynamics's Shiller PE Ratio, along with its competitors' market caps and Shiller 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.
Steel Dynamics Shiller PE Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Steel Dynamics's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Steel Dynamics's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Steel Dynamics's Shiller PE Ratio for today 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's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, Steel Dynamics's adjusted earnings per share data for the three months ended in Jun. 2026 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Steel Dynamics (MIL:1STLD) has a Shiller PE Ratio of 21.25 as of Sep. 13, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Steel Dynamics and its competitors. This is 13% above median its historical median of 18.80. Over the past decade, Steel Dynamics' Shiller PE Ratio has ranged from 10.63 to 43.84. According to the industry distribution chart, Steel Dynamics ranks #288 out of 411 companies in the Steel industry, placing it in the top 70.1%.
Is Steel Dynamics' Shiller PE Ratio too high?
Steel Dynamics' current Shiller PE Ratio of 21.25 is 13% above median its 10-year median of 18.80. Over the past 10 years, this metric has ranged from a low of 10.63 to a high of 43.84. The Steel industry median Shiller PE Ratio is 13.72. Steel Dynamics' value of 21.25 is 54.9% above this industry median. Based on the distribution chart, Steel Dynamics ranks #288 out of 411 companies in the Steel industry, which is below the industry midpoint. Overall, Steel Dynamics has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steel Dynamics' Shiller PE Ratio compare to RS and TX?
According to the Steel industry distribution chart, Steel Dynamics ranks #288 out of 411 companies for Shiller PE Ratio. This places Steel Dynamics in the lower half of its industry. The industry median Shiller PE Ratio is 13.72. Steel Dynamics' value of 21.25 is 54.9% above this benchmark. Historically, Steel Dynamics' own Shiller PE Ratio has ranged from 10.63 to 43.84 over the past decade. While the company's 10-year median is 18.80 vs. the industry median of 13.72, 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 Shiller PE Ratio for a Steel company?
The median Shiller PE Ratio among Steel companies is 13.72, based on 411 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Steel Dynamics's current Shiller PE Ratio of 21.25 is 54.9% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Steel Dynamics and its competitors. For the Steel industry, the median Shiller PE Ratio is 13.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Dynamics's current Shiller PE Ratio is 21.25, which is 13% above median its own 10-year median of 18.80. 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 Modestly Overvalued. The stock's GF Value™ is €164.71, compared to a current price of €205.90 — trading 25% above its estimated fair value. The current Shiller PE Ratio is 21.25, which is 13% above median its 10-year median of 18.80 and 54.9% above the Steel industry median of 13.72. Steel Dynamics' overall GF Score™ is 68/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Steel Dynamics (MIL:1STLD), the current Shiller PE Ratio is 21.25 as of Sep. 13, 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 €205.90 is trading 25% above its estimated GF Value™ of €164.71.
GuruFocus considers Steel Dynamics to be Modestly Overvalued.
Key valuation signals for MIL:1STLD:
Shiller PE Ratio: 21.25 (13% above median its 10-year median of 18.80)
GF Value™: €164.71 vs. price of €205.90 (25% above fair value)
Industry Position: 54.9% above the Steel median (#288 of 411)
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.
68GF Score
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