Steel Dynamics forward PE STLD

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026: 10.9×
10-year median: 10.1×
Against its 10-year history: 57th; percentile: 0 is its lowest day, 100 its highest
10-year range: 2.2× to 19.7×
Peer median: 16.5×

Steel Dynamics' forward PE is 10.9× as of Oct 23, 2026.

That is above its ten-year median of 10.1×, close to the middle of its last ten years.

Over that time it ranged from 2.2× in Jan 2021 to 19.7× in Nov 2024.

The median for 3 steel stocks of a similar size is 16.5×.

Forward PE over time

median 10.1×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	10.9×	9.3×	13.7×
2025	12.9×	11.2×	17.1×
2024	15.4×	10.4×	19.7×
2023	10.9×	6.5×	11.5×
2022	6.2×	2.3×	7.0×
2021	2.7×	2.2×	3.7×
2020	3.4×	2.9×	15.1×
2019	15.7×	8.6×	15.9×
2018	8.2×	8.2×	11.3×
2017	9.8×	8.4×	15.0×
2016	14.5×	9.5×	15.1×
2015	11.8×	11.1×	30.3×
2014	18.6×	11.7×	22.1×
2013	16.6×	15.1×	22.4×
2012	19.3×	17.1×	26.6×
2011	22.3×	14.2×	23.6×
2010	17.9×	14.0×	26.2×
2009	23.0×	16.1×	31.2×
2008	19.3×	7.9×	75.7×
2007	9.8×	7.9×	12.1×

Against its peers

Companies in Steel nearest Steel Dynamics' size, closest first, today.

Company	Forward PE
STLDSteel Dynamics	10.9×
RSReliance Steel & Aluminum	n/m
NUENucor	11.8×
CRSCarpenter Technology	21.2×
Peer median	16.5×

Where Steel Dynamics ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Steel Dynamics

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.