Reliance (RS) Stock Overview
Operates as a diversified metal solutions provider and metals service center company primarily in the United States and Canada. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
RS Community Fair Values
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Analyst Price Targets
Reliance, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$407.83 |
| 52 Week High | US$419.83 |
| 52 Week Low | US$260.31 |
| Beta | 0.96 |
| 1 Month Change | 5.72% |
| 3 Month Change | 13.02% |
| 1 Year Change | 33.22% |
| 3 Year Change | 40.79% |
| 5 Year Change | 159.52% |
| Change since IPO | 11,193.76% |
Recent News & Updates
Seeking Alpha • Jul 24
Reliance: A Confident Hold, Despite Margin And Product Mix Concerns
Summary Reliance benefits from US steel tariffs and booming data center construction, driving strong top-line growth and volume-driven earnings. I rate RS a Hold due to elevated valuation above sector averages and a shift toward lower-margin, commoditized products impacting gross margins. Gross margin contraction (down 100 bps YoY) reflects a product mix moving away from high-ticket items like aluminum to cheaper carbon steel. RS's growth is heavily reliant on tariff-induced pricing; removal of tariffs could sharply reduce revenues and earnings. Read the full article on Seeking Alpha
Narrative Update • Jul 21
RS: Future Returns Will Rely On U.S. Expansion Offsetting Margin And Legal Risks
Analysts have lifted their price target for Reliance to $386.25 from $377.57, citing updated assumptions for revenue growth, profit margins and future P/E that reflect their latest view of the company’s earnings profile. What’s in the News for Reliance Reliance, Inc.Recent updates
Seeking Alpha • Jul 24
Reliance: A Confident Hold, Despite Margin And Product Mix Concerns
Summary Reliance benefits from US steel tariffs and booming data center construction, driving strong top-line growth and volume-driven earnings. I rate RS a Hold due to elevated valuation above sector averages and a shift toward lower-margin, commoditized products impacting gross margins. Gross margin contraction (down 100 bps YoY) reflects a product mix moving away from high-ticket items like aluminum to cheaper carbon steel. RS's growth is heavily reliant on tariff-induced pricing; removal of tariffs could sharply reduce revenues and earnings. Read the full article on Seeking AlphaNarrative Update • Jul 21
RS: Future Returns Will Rely On U.S. Expansion Offsetting Margin And Legal Risks
Analysts have lifted their price target for Reliance to $386.25 from $377.57, citing updated assumptions for revenue growth, profit margins and future P/E that reflect their latest view of the company’s earnings profile. What’s in the News for Reliance Reliance, Inc.Narrative Update • Jun 24
RS: Future Returns Will Rely On Buybacks And Stable Margins At Fair Value
Analysts have nudged their price target on Reliance higher to about $378 from roughly $360, citing updated assumptions for slightly stronger revenue growth, profit margins, and a modestly higher future P/E multiple as key drivers of the change. What’s in the News for Reliance Updated buyback activity: from January 1, 2026 to March 31, 2026, Reliance repurchased 782,000 shares, representing 1.51% of its shares, for US$234.15 million.Narrative Update • Jun 05
RS: Future Returns Will Depend On Sustained Buybacks Despite Overvaluation Concerns
Analysts have slightly raised their price target on Reliance from about $357.75 to roughly $359.57, citing marginally higher assumptions for revenue growth and profit margins, as well as a small adjustment to the discount rate and future P/E expectations. What's in the News Reliance, Inc.Narrative Update • May 18
RS: Future Returns Will Depend On Ongoing Buybacks And Dividend Increases
Analysts have raised their price target for Reliance from $344.38 to $357.75. This change reflects updated assumptions around revenue growth, profit margins and future P/E expectations.Narrative Update • Apr 26
RS: Stable Outlook Will Be Shaped By Buybacks And Dividend Policy
Analysts have raised their price target for Reliance from about $325 to roughly $344. The change is linked to updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E expectations.Narrative Update • Feb 11
RS: Steady Fair Value And Refined Discount Rate Will Shape Future Returns
Analysts have made a small adjustment to their price target for Reliance, keeping fair value steady at $324.63 while fine tuning inputs such as the discount rate, long term revenue growth, profit margin, and future P/E to reflect updated assumptions. Valuation Changes Fair Value: $324.63 remains unchanged, indicating no shift in the overall valuation output.Narrative Update • Jan 26
RS: Updated Return Assumptions And P/E Outlook Will Guide Future Per Share Returns
Analysts have nudged their fair value estimate for Reliance from ₹316.25 to ₹324.63, citing updated assumptions around revenue growth, profit margins, and future P/E expectations. Valuation Changes Fair Value: Revised slightly higher from ₹316.25 to ₹324.63, reflecting updated model inputs.Narrative Update • Jan 11
RS: Completed Buybacks And Steady Assumptions Will Support Future Per Share Returns
Analysts have lifted their fair value estimate for Reliance from ₹315.63 to ₹316.25, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E as the main drivers of the change. What's in the News Reliance reported that from July 1, 2025 to September 30, 2025, it repurchased 211,873 shares for US$60.9 million, accounting for 0.4% of the buyback program.Analysis Article • Dec 23
Reliance, Inc.'s (NYSE:RS) Earnings Haven't Escaped The Attention Of Investors
With a price-to-earnings (or "P/E") ratio of 21.2x Reliance, Inc. ( NYSE:RS ) may be sending bearish signals at the...Narrative Update • Dec 21
RS: Ongoing Buybacks Will Support Future Per Share Returns Despite Softer Outlook
Analysts have marginally trimmed their price target on Reliance from ₹319.38 to ₹315.63 per share, reflecting slightly softer long term assumptions on revenue growth, profit margins and fair value, despite a broadly unchanged discount rate and future earnings multiple outlook. What's in the News Completed a long-running share repurchase program initiated in December 1994, cumulatively buying back 45,627,366 shares for $4,501.5 million (company filing) The most recent buyback tranche between July 1, 2025 and September 30, 2025 saw the repurchase of 211,873 shares, representing about 0.4% of outstanding shares, for $60.9 million (company filing) Ongoing capital return via buybacks continues to support per share metrics by reducing share count over time (company filing) Valuation Changes Fair Value: trimmed slightly from ₹319.38 to ₹315.63 per share, reflecting a modestly lower central valuation.Narrative Update • Dec 07
RS: Ongoing Share Repurchases Will Support Stronger Future Shareholder Returns
Analysts have modestly lowered their fair value estimate for Reliance from ₹323.13 to ₹319.38, citing a slightly higher discount rate and a softer profit margin outlook, partly offset by expectations of marginally stronger revenue growth and a small improvement in future valuation multiples. What's in the News Continued share buyback progress, with Reliance repurchasing 211,873 shares, or about 0.4% of its outstanding equity, between July 1 and September 30, 2025 (company filing) Total cumulative buyback under the program first announced on December 1, 1994 has reached 45,627,366 shares, amounting to $4,501.5 million (company filing) The latest tranche cost $60.9 million, underscoring ongoing capital return to shareholders alongside long running buyback activity (company filing) Valuation Changes The fair value estimate has edged down slightly from ₹323.13 to ₹319.38 per share.Narrative Update • Nov 23
RS: Ongoing Share Repurchases Will Sustain Future Shareholder Value Growth
Narrative Update on Reliance: Analyst Price Target Adjustment Analysts have raised Reliance's fair value estimate slightly from ₹322.75 to ₹323.13. This reflects marginal improvements in profit margin along with a modest adjustment in discount rate and growth expectations.Analysis Article • Nov 18
The Returns At Reliance (NYSE:RS) Aren't Growing
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...Narrative Update • Nov 08
RS: Continued Buyback Activity Will Drive Shareholder Value Higher
Analysts have slightly reduced their fair value estimate for Reliance, trimming it by ₹0.50 to ₹322.75. This adjustment reflects updated assumptions on discount rates, revenue growth, and profit margin forecasts.Narrative Update • Oct 24
Share Repurchase Activity Will Influence Revenue and Margin Performance Ahead
Analysts have revised their price target for Reliance downward from ₹329.13 to ₹323.25. They cite tempered expectations for revenue growth and profit margins as the reason for the adjustment.Narrative Update • Sep 04
US Infrastructure Spending Will Boost Specialty Steel Demand
With no substantive changes to either revenue growth forecasts (3.7% p.a.) or the discount rate (7.51%), Reliance’s consensus analyst price target remained effectively unchanged at $326.14. What's in the News Reliance is actively seeking acquisition opportunities to expand its geographic footprint and value-added metal processing solutions, emphasizing disciplined, profitable growth.Seeking Alpha • Dec 22
Reliance: As Strong As Steel
Summary Reliance's growth strategy involves acquiring smaller companies. They have done 76 acquisitions since 1994. The company demonstrates strong financial discipline with consistent dividend growth, share buybacks, and low debt levels. The current stock price is high at $292, but a buy recommendation is in view for dips below $280. The near-term outlook is uncertain, but long-term prospects remain positive. Read the full article on Seeking AlphaSeeking Alpha • Sep 19
Reliance: Unlikely To Break New Highs
Summary Reliance is the largest metal services company in North America, with strong customer relationships and supply chain logistics, making it hard for new entrants to compete. Despite a resilient business model and impressive growth, declining metal prices and economic challenges limit the stock's potential for new highs, justifying a hold rating. Recent financial performance shows a decline in gross profit margin and earnings, indicating a cyclical peak influenced by external factors like weak Chinese and U.S. markets. Shares are a hold with price target of $300. Read the full article on Seeking AlphaShareholder Returns
| RS | US Metals and Mining | US Market | |
|---|---|---|---|
| 7D | 3.0% | 4.4% | -1.0% |
| 1Y | 33.2% | 47.1% | 14.7% |
Return vs Industry: RS underperformed the US Metals and Mining industry which returned 47% over the past year.
Return vs Market: RS exceeded the US Market which returned 15.1% over the past year.
Price Volatility
| RS volatility | |
|---|---|
| RS Average Weekly Movement | 3.7% |
| Metals and Mining Industry Average Movement | 9.6% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in US Market | 16.0% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: RS has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: RS's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1939 | 15,700 | Karla Lewis | reliance.com |
Reliance, Inc. operates as a diversified metal solutions provider and metals service center company primarily in the United States and Canada. The company distributes metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and other specialty steel products; and provides metals processing services to consumer products, general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, industrial machinery, and heavy industries. It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators.
Reliance, Inc. Fundamentals Summary
| RS fundamental statistics | |
|---|---|
| Market cap | US$20.82b |
| Earnings (TTM) | US$893.80m |
| Revenue (TTM) | US$15.81b |
23.3x
P/E Ratio1.3x
P/S RatioIs RS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RS income statement (TTM) | |
|---|---|
| Revenue | US$15.81b |
| Cost of Revenue | US$11.34b |
| Gross Profit | US$4.46b |
| Other Expenses | US$3.57b |
| Earnings | US$893.80m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
Oct 22, 2026
| Earnings per share (EPS) | 17.51 |
| Gross Margin | 28.24% |
| Net Profit Margin | 5.65% |
| Debt/Equity Ratio | 22.5% |
How did RS perform over the long term?
See historical performance and comparisonDividends
1.2%
Current Dividend Yield28%
Payout RatioDoes RS pay a reliable dividends?
See RS dividend history and benchmarks| Reliance dividend dates | |
|---|---|
| Ex Dividend Date | Aug 14 2026 |
| Dividend Pay Date | Aug 28 2026 |
| Days until Ex dividend | 18 days |
| Days until Dividend pay date | 32 days |
Does RS pay a reliable dividends?
See RS dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/26 02:17 |
| End of Day Share Price | 2026/07/24 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Reliance, Inc. is covered by 21 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alexander Robert Pearce | BMO Capital Markets Equity Research |
| Katja Jancic | BMO Capital Markets Equity Research |
| Seth Rosenfeld | BNP Paribas |