Nucor Corporation

NYSE:NUE Stock Report

Market Cap: US$34.0b

Nucor Valuation

Is NUE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NUE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NUE ($144.68) is trading below our estimate of fair value ($220.24)

Significantly Below Fair Value: NUE is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NUE?

Key metric: As NUE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NUE. This is calculated by dividing NUE's market cap by their current earnings.
What is NUE's PE Ratio?
PE Ratio13.5x
EarningsUS$2.51b
Market CapUS$33.97b

Price to Earnings Ratio vs Peers

How does NUE's PE Ratio compare to its peers?

The above table shows the PE ratio for NUE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.1x
STLD Steel Dynamics
12.2x0.3%US$21.4b
RS Reliance
16x-3.1%US$16.7b
X United States Steel
22.3x35.3%US$8.8b
CMC Commercial Metals
13.9x6.1%US$6.8b
NUE Nucor
13.5x10.1%US$34.0b

Price-To-Earnings vs Peers: NUE is good value based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (16.1x).

Price to Earnings Ratio vs Industry

How does NUE's PE Ratio compare vs other companies in the US Metals and Mining Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VITF.F Victoria Gold
2.1xn/aUS$23.43m
BMXI Brookmount Explorations
0.6xn/aUS$5.46m
RMRI Rocky Mountain Industrials
0.9xn/aUS$1.76m
ZCRM.F Zincore Metals
0.5xn/aUS$852.33k
NUE 13.5xIndustry Avg. 19.1xNo. of Companies5PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NUE is good value based on its Price-To-Earnings Ratio (13.5x) compared to the US Metals and Mining industry average (19.1x).

Price to Earnings Ratio vs Fair Ratio

What is NUE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NUE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.5x
Fair PE Ratio22.3x

Price-To-Earnings vs Fair Ratio: NUE is good value based on its Price-To-Earnings Ratio (13.5x) compared to the estimated Fair Price-To-Earnings Ratio (22.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NUE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$144.68
US$173.42
+19.9%
14.1%US$240.00US$150.00n/a11
Nov ’25US$143.56
US$173.42
+20.8%
14.1%US$240.00US$150.00n/a11
Oct ’25US$152.71
US$180.12
+17.9%
12.3%US$240.00US$160.00n/a10
Sep ’25US$151.91
US$183.38
+20.7%
10.3%US$240.00US$170.00n/a11
Aug ’25US$155.78
US$185.29
+18.9%
10.4%US$240.00US$170.00n/a11
Jul ’25US$157.00
US$188.30
+19.9%
9.5%US$240.00US$170.00n/a11
Jun ’25US$168.85
US$202.87
+20.1%
9.7%US$240.00US$180.00n/a11
May ’25US$168.67
US$203.60
+20.7%
9.5%US$240.00US$180.00n/a11
Apr ’25US$200.00
US$195.72
-2.1%
9.5%US$240.00US$178.20n/a10
Mar ’25US$190.70
US$186.72
-2.1%
5.4%US$210.00US$178.20n/a10
Feb ’25US$185.62
US$182.33
-1.8%
7.4%US$210.00US$154.00n/a9
Jan ’25US$174.04
US$176.56
+1.4%
6.5%US$190.00US$154.00n/a9
Dec ’24US$170.41
US$173.13
+1.6%
7.9%US$190.00US$151.00n/a8
Nov ’24US$147.99
US$169.78
+14.7%
8.5%US$185.00US$148.00US$143.569
Oct ’24US$156.35
US$171.89
+9.9%
8.7%US$191.00US$148.00US$152.719
Sep ’24US$172.58
US$168.45
-2.4%
9.7%US$191.00US$140.00US$151.9111
Aug ’24US$173.00
US$168.45
-2.6%
9.7%US$191.00US$140.00US$155.7811
Jul ’24US$163.98
US$157.67
-3.9%
9.9%US$188.00US$130.00US$157.0012
Jun ’24US$133.03
US$157.67
+18.5%
9.9%US$188.00US$130.00US$168.8512
May ’24US$148.01
US$155.35
+5.0%
11.1%US$188.00US$129.00US$168.6713
Apr ’24US$154.47
US$155.89
+0.9%
11.3%US$190.00US$126.00US$200.0013
Mar ’24US$170.74
US$148.13
-13.2%
14.4%US$190.00US$112.00US$190.7012
Feb ’24US$174.98
US$145.96
-16.6%
12.7%US$180.00US$112.00US$185.6212
Jan ’24US$131.81
US$137.06
+4.0%
14.0%US$180.00US$110.00US$174.0411
Dec ’23US$149.25
US$132.52
-11.2%
14.2%US$180.00US$109.00US$170.4111
Nov ’23US$134.50
US$129.43
-3.8%
15.0%US$180.00US$109.00US$147.9911

Analyst Forecast: Target price is less than 20% higher than the current share price.

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