Nucor Corp (NUE) is overvalued and Ternium SA ADR (TX) is slightly undervalued.
Against our estimates of intrinsic value, TX trades at the wider discount: a margin of safety of +19%, 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 8.3% (average of 3 methods) values the shares at $69.30; the price of $56.43 is 19% below that value, and 79% of that value comes from beyond year five.
Leak Score 30/100 on 2 of 12 signals
| Metric | NUE | TX |
|---|---|---|
| Verdict | Overvalued | Slightly undervalued |
| Price | $245.66 | $56.43 |
| Intrinsic value | $133.22 | $69.30 |
| Margin of safety | -84% | +19% |
| Leak Score | 41/100 (9/12) | 30/100 (2/12) |
| Market cap | $55.7B | $11.1B |
| Revenue growth, 5 years | 10.0% | 11.9% |
| Operating margin | 11.5% | 7.8% |
| Net margin | 8.0% | 4.4% |
| Return on equity | 13.5% | 5.7% |
| Debt to equity | 0.32 | 0.25 |
| P/E | 19.6x | 15.9x |
| Forward P/E | 12.6x | 7.5x |
| P/B | 2.5x | 0.9x |
| Dividend yield | 0.9% | 4.3% |