Reliance, Inc.

NYSE:RS Stock Report

Market Cap: US$16.7b

Reliance Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 RS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RS ($309.03) is trading above our estimate of fair value ($53.16)

Significantly Below Fair Value: RS is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for RS. This is calculated by dividing RS's market cap by their current earnings.
What is RS's PE Ratio?
PE Ratio16x
EarningsUS$1.04b
Market CapUS$16.72b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for RS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.5x
STLD Steel Dynamics
12.2x0.3%US$21.4b
NUE Nucor
13.5x10.1%US$34.0b
X United States Steel
22.3x35.3%US$8.8b
CMC Commercial Metals
13.9x6.1%US$6.8b
RS Reliance
16x-3.1%US$16.7b

Price-To-Earnings vs Peers: RS is expensive based on its Price-To-Earnings Ratio (16x) compared to the peer average (15.5x).

Price to Earnings Ratio vs Industry

How does RS'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
RS 16.0xIndustry Avg. 19.1xNo. of Companies5PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RS is good value based on its Price-To-Earnings Ratio (16x) compared to the US Metals and Mining industry average (19.1x).

Price to Earnings Ratio vs Fair Ratio

What is RS'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.

RS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16x
Fair PE Ratio15.7x

Price-To-Earnings vs Fair Ratio: RS is expensive based on its Price-To-Earnings Ratio (16x) compared to the estimated Fair Price-To-Earnings Ratio (15.7x).

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 RS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$309.03
US$320.97
+3.9%
6.5%US$339.79US$272.00n/a7
Nov ’25US$287.09
US$319.26
+11.2%
7.8%US$339.79US$260.00n/a7
Oct ’25US$289.96
US$322.40
+11.2%
7.9%US$340.00US$262.00n/a7
Sep ’25US$286.65
US$322.40
+12.5%
7.9%US$340.00US$262.00n/a7
Aug ’25US$295.95
US$323.83
+9.4%
8.0%US$340.00US$262.00n/a7
Jul ’25US$279.98
US$346.20
+23.7%
4.9%US$380.00US$335.00n/a5
Jun ’25US$300.78
US$354.20
+17.8%
5.0%US$380.00US$335.00n/a5
May ’25US$286.31
US$355.38
+24.1%
4.6%US$380.00US$335.00n/a6
Apr ’25US$333.14
US$341.22
+2.4%
8.3%US$362.00US$280.00n/a6
Mar ’25US$320.18
US$341.22
+6.6%
8.3%US$362.00US$280.00n/a6
Feb ’25US$289.60
US$296.00
+2.2%
3.1%US$310.00US$280.00n/a6
Jan ’25US$279.68
US$293.50
+4.9%
3.3%US$310.00US$280.00n/a6
Dec ’24US$278.91
US$293.50
+5.2%
3.3%US$310.00US$280.00n/a6
Nov ’24US$262.05
US$291.83
+11.4%
2.5%US$300.00US$280.00US$287.096
Oct ’24US$262.23
US$295.33
+12.6%
2.8%US$306.00US$280.00US$289.966
Sep ’24US$285.53
US$295.33
+3.4%
2.8%US$306.00US$280.00US$286.656
Aug ’24US$293.07
US$292.00
-0.4%
4.2%US$306.00US$271.00US$295.956
Jul ’24US$271.59
US$272.00
+0.2%
2.1%US$280.00US$262.00US$279.987
Jun ’24US$232.21
US$271.29
+16.8%
2.1%US$280.00US$262.00US$300.787
May ’24US$246.16
US$271.29
+10.2%
2.1%US$280.00US$262.00US$286.317
Apr ’24US$256.74
US$270.00
+5.2%
1.7%US$280.00US$265.00US$333.147
Mar ’24US$252.92
US$256.29
+1.3%
7.6%US$280.00US$215.00US$320.187
Feb ’24US$231.31
US$227.71
-1.6%
3.5%US$235.00US$215.00US$289.607
Jan ’24US$202.44
US$223.33
+10.3%
3.3%US$235.00US$215.00US$279.686
Dec ’23US$211.77
US$221.40
+4.5%
2.9%US$230.00US$214.00US$278.917
Nov ’23US$205.07
US$219.54
+7.1%
3.3%US$230.00US$210.00US$262.057

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

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