Nucor Corp (NUE) is overvalued and Reliance Inc (RS) is overvalued.
Both trade above our estimate of their intrinsic value. RS is the closer of the two: -63%, against -84% for NUE.
Values as of the 22 Sept 2026 close.
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
Discounting its cash flows at 9.5% (average of 3 methods) values the shares at $237.41; the price of $386.95 is 63% above that value, and 74% of that value comes from beyond year five.
Leak Score 43/100 on 10 of 12 signals
| Metric | NUE | RS |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $245.66 | $386.95 |
| Intrinsic value | $133.22 | $237.41 |
| Margin of safety | -84% | -63% |
| Leak Score | 41/100 (9/12) | 43/100 (10/12) |
| Market cap | $55.7B | $19.8B |
| Revenue growth, 5 years | 10.0% | 10.2% |
| Operating margin | 11.5% | 7.9% |
| Net margin | 8.0% | 5.7% |
| Return on equity | 13.5% | 12.2% |
| Debt to equity | 0.32 | 0.27 |
| P/E | 19.6x | 22.5x |
| Forward P/E | 12.6x | 16.4x |
| P/B | 2.5x | 2.7x |
| Dividend yield | 0.9% | 1.3% |