United States Steel Corporation

NYSE:X Stock Report

Market Cap: US$8.8b

United States Steel Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: X ($38.38) is trading below our estimate of fair value ($198.99)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for X. This is calculated by dividing X's market cap by their current earnings.
What is X's PE Ratio?
PE Ratio22x
EarningsUS$393.00m
Market CapUS$8.76b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for X vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.7x
CMC Commercial Metals
14x6.1%US$6.8b
TX Ternium
83x45.2%US$6.6b
ATI ATI
22x16.6%US$8.3b
CRS Carpenter Technology
39.7x16.8%US$9.2b
X United States Steel
22x35.3%US$8.8b

Price-To-Earnings vs Peers: X is good value based on its Price-To-Earnings Ratio (22x) compared to the peer average (39.7x).

Price to Earnings Ratio vs Industry

How does X'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
X 22.0xIndustry Avg. 19.1xNo. of Companies5PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: X is expensive based on its Price-To-Earnings Ratio (22x) compared to the US Metals and Mining industry average (19.1x).

Price to Earnings Ratio vs Fair Ratio

What is X'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.

X PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22x
Fair PE Ratio33.7x

Price-To-Earnings vs Fair Ratio: X is good value based on its Price-To-Earnings Ratio (22x) compared to the estimated Fair Price-To-Earnings Ratio (33.7x).

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 X forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$38.38
US$43.65
+13.7%
5.6%US$47.00US$40.00n/a7
Nov ’25US$38.63
US$43.22
+11.9%
7.4%US$49.00US$38.00n/a7
Oct ’25US$35.00
US$42.65
+21.8%
7.0%US$49.00US$40.00n/a7
Sep ’25US$37.91
US$45.40
+19.7%
8.1%US$50.50US$40.00n/a8
Aug ’25US$40.66
US$45.15
+11.0%
8.0%US$50.50US$40.00n/a8
Jul ’25US$38.19
US$45.40
+18.9%
6.8%US$50.50US$40.00n/a8
Jun ’25US$38.35
US$45.40
+18.4%
6.8%US$50.50US$40.00n/a8
May ’25US$36.98
US$47.74
+29.1%
4.3%US$51.00US$45.00n/a7
Apr ’25US$41.83
US$48.03
+14.8%
4.4%US$51.00US$45.00n/a6
Mar ’25US$47.40
US$45.08
-4.9%
16.8%US$55.00US$33.00n/a6
Feb ’25US$46.63
US$39.70
-14.9%
20.4%US$55.00US$33.00n/a5
Jan ’25US$48.65
US$36.70
-24.6%
8.6%US$40.00US$33.00n/a5
Dec ’24US$36.24
US$33.93
-6.4%
11.4%US$40.00US$27.00n/a7
Nov ’24US$34.25
US$32.29
-5.7%
14.4%US$40.00US$25.00US$38.637
Oct ’24US$32.48
US$27.00
-16.9%
14.8%US$34.00US$22.00US$35.007
Sep ’24US$31.04
US$24.86
-19.9%
11.3%US$30.00US$20.00US$37.917
Aug ’24US$25.73
US$26.00
+1.0%
17.2%US$37.00US$20.00US$40.6610
Jul ’24US$25.01
US$26.55
+6.1%
17.5%US$37.00US$19.00US$38.1911
Jun ’24US$20.80
US$26.55
+27.6%
17.5%US$37.00US$19.00US$38.3511
May ’24US$22.89
US$29.13
+27.2%
13.1%US$37.00US$24.00US$36.988
Apr ’24US$26.10
US$30.46
+16.7%
11.2%US$37.00US$26.00US$41.838
Mar ’24US$30.64
US$27.86
-9.1%
20.4%US$37.00US$18.00US$47.409
Feb ’24US$29.34
US$25.00
-14.8%
21.8%US$37.00US$18.00US$46.639
Jan ’24US$25.05
US$24.33
-2.9%
22.6%US$37.00US$18.00US$48.658
Dec ’23US$26.52
US$23.33
-12.0%
25.3%US$37.00US$18.00US$36.248
Nov ’23US$20.61
US$22.85
+10.9%
25.2%US$37.00US$18.00US$34.258

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

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