ArcelorMittal SA (MT) is overvalued and Nucor Corp (NUE) is overvalued.
Both trade above our estimate of their intrinsic value. NUE is the closer of the two: -84%, against -262% for MT.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.3% (average of 3 methods) values the shares at $20.40; the price of $73.78 is 262% above that value, and 71% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
Discounting its cash flows at 12.1% (average of 3 methods) values the shares at $133.22; the price of $245.66 is 84% above that value, and 66% of that value comes from beyond year five.
Leak Score 41/100 on 9 of 12 signals
| Metric | MT | NUE |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $73.78 | $245.66 |
| Intrinsic value | $20.40 | $133.22 |
| Margin of safety | -262% | -84% |
| Leak Score | 14/100 (3/12) | 41/100 (9/12) |
| Market cap | $55.6B | $55.7B |
| Revenue growth, 5 years | 2.8% | 10.0% |
| Operating margin | 4.3% | 11.5% |
| Net margin | 2.9% | 8.0% |
| Return on equity | 3.3% | 13.5% |
| Debt to equity | 0.26 | 0.32 |
| P/E | 31.1x | 19.6x |
| Forward P/E | 10.4x | 12.6x |
| P/B | 1.0x | 2.5x |
| Dividend yield | 0.8% | 0.9% |