Benign Growth For United States Steel Corporation (NYSE:X) Underpins Its Share Price
May 31
U.S. Steel Industry Analysis
UpdatedJun 03, 2024
DataAggregated Company Financials
Companies41
- 7D0.2%
- 3M-2.2%
- 1Y30.1%
- YTDn/a
Over the last 7 days, the Steel industry has remained flat, although notably United States Steel gained 6.8%. The past year has been better, since the industry has gained 29% in that time. As for the next few years, earnings are expected to grow by 2.1% per annum.
Industry Valuation and Performance
Has the U.S. Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 03 Jun 2024 | US$148.3b | US$173.5b | US$13.2b | 13.1x | 11.3x | 0.9x |
| Wed, 01 May 2024 | US$144.1b | US$174.0b | US$13.5b | 11.1x | 10.7x | 0.8x |
| Fri, 29 Mar 2024 | US$160.4b | US$174.9b | US$14.1b | 11.7x | 11.4x | 0.9x |
| Sun, 25 Feb 2024 | US$155.2b | US$173.4b | US$13.7b | 13.9x | 11.3x | 0.9x |
| Tue, 23 Jan 2024 | US$145.5b | US$175.5b | US$14.8b | 15.1x | 9.9x | 0.8x |
| Thu, 21 Dec 2023 | US$149.7b | US$175.8b | US$14.8b | 13x | 10.1x | 0.9x |
| Sat, 18 Nov 2023 | US$133.5b | US$177.0b | US$15.0b | 13.5x | 8.9x | 0.8x |
| Mon, 16 Oct 2023 | US$127.4b | US$180.7b | US$17.3b | 8.2x | 7.4x | 0.7x |
| Wed, 13 Sep 2023 | US$133.0b | US$181.3b | US$17.4b | 8.1x | 7.7x | 0.7x |
| Fri, 11 Aug 2023 | US$132.9b | US$181.4b | US$17.5b | 8.6x | 7.6x | 0.7x |
| Sun, 09 Jul 2023 | US$131.0b | US$185.9b | US$20.1b | 8.5x | 6.5x | 0.7x |
| Tue, 06 Jun 2023 | US$118.2b | US$186.6b | US$20.4b | 8.7x | 5.8x | 0.6x |
| Thu, 04 May 2023 | US$120.3b | US$186.4b | US$20.5b | 7.4x | 5.9x | 0.6x |
| Sat, 01 Apr 2023 | US$129.6b | US$191.8b | US$24.3b | 7.1x | 5.3x | 0.7x |
| Mon, 27 Feb 2023 | US$134.1b | US$191.9b | US$24.5b | 5.6x | 5.5x | 0.7x |
| Wed, 25 Jan 2023 | US$128.0b | US$197.1b | US$29.3b | 4.6x | 4.4x | 0.6x |
| Fri, 23 Dec 2022 | US$115.4b | US$196.9b | US$29.3b | 4.2x | 3.9x | 0.6x |
| Sun, 20 Nov 2022 | US$114.8b | US$196.9b | US$29.4b | 4.3x | 3.9x | 0.6x |
| Tue, 18 Oct 2022 | US$100.8b | US$196.4b | US$33.5b | 3.9x | 3x | 0.5x |
| Thu, 15 Sep 2022 | US$102.6b | US$195.8b | US$33.5b | 4.2x | 3.1x | 0.5x |
| Sat, 13 Aug 2022 | US$117.8b | US$195.9b | US$33.6b | 4.7x | 3.5x | 0.6x |
| Mon, 11 Jul 2022 | US$97.0b | US$183.9b | US$30.8b | 4.3x | 3.1x | 0.5x |
| Wed, 08 Jun 2022 | US$124.4b | US$182.4b | US$30.6b | 5.8x | 4.1x | 0.7x |
| Fri, 06 May 2022 | US$123.3b | US$180.3b | US$29.8b | 5.4x | 4.1x | 0.7x |
| Sun, 03 Apr 2022 | US$135.1b | US$168.0b | US$25.9b | 6.1x | 5.2x | 0.8x |
| Tue, 01 Mar 2022 | US$116.2b | US$166.1b | US$25.3b | 5.6x | 4.6x | 0.7x |
| Thu, 27 Jan 2022 | US$90.2b | US$149.0b | US$19.2b | 5.9x | 4.7x | 0.6x |
| Sat, 25 Dec 2021 | US$102.6b | US$145.4b | US$18.1b | 6.3x | 5.7x | 0.7x |
| Mon, 22 Nov 2021 | US$103.5b | US$144.9b | US$17.9b | 6.5x | 5.8x | 0.7x |
| Wed, 20 Oct 2021 | US$100.1b | US$122.6b | US$9.8b | 10x | 10.2x | 0.8x |
| Fri, 17 Sep 2021 | US$104.5b | US$118.8b | US$9.3b | 10.6x | 11.2x | 0.9x |
| Sun, 15 Aug 2021 | US$117.2b | US$120.5b | US$9.2b | 12.1x | 12.7x | 1x |
| Thu, 10 Jun 2021 | US$101.9b | US$101.6b | US$2.7b | 16.3x | 37.5x | 1x |
Price to Earnings Ratio
37.5x
Current Industry PE
- Investors are optimistic on the American Steel industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 11.3x which is higher than its 3-year average PE of 6.9x.
- The industry is trading close to its 3-year average PS ratio of 0.72x.
Past Earnings Growth
- The earnings for companies in the Steel industry have grown 69% per year over the last three years.
- Revenues for these companies have grown 20% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does U.S. Steel compare with similar industries?
| US Market | -0.62% | |
| Materials | 0.18% | |
| Metals and Mining | 0.75% | |
| Steel | 0.21% | |
| Silver | 4.56% | |
| Aluminum | 3.88% | |
| Copper | 1.61% | |
| Gold | 0.20% | |
| Diversified Metals and Mining | -1.16% | |
| Precious Metals and Minerals | -48.37% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| X United States Steel | US$38.35 | 6.8% +US$548.6m | 75.0% | PE9.9x | |
| CLF Cleveland-Cliffs | US$17.28 | 2.2% +US$175.9m | 13.2% | PE21.1x | |
| HCC Warrior Met Coal | US$68.43 | 3.2% +US$112.4m | 96.9% | PE8.3x | |
| AMR Alpha Metallurgical Resources | US$315.41 | 2.7% +US$107.0m | 120.7% | PE7.1x | |
| ATI ATI | US$61.34 | 1.3% +US$100.8m | 63.6% | PE19.5x |
