4 models fit Nucor Corporation Common Stock and they partly agree: 2 of 4 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
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Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionNucor Corporation Common Stock (NUE)
Fair value (4 models)
$190
ACCE price target
$240
Rating
Overvalued
Horizon
12 months
Fair value published on 21 Oct 2026, 13:04 CEST; previously $222 since 12 Oct 2026, 00:00 CEST.
ACCE price target published on 20 Sept 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 13:04 CEST.
Price used: $258 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
35.7% above
-26.3% to fair value
ACCE score
77
out of 100
Analysts
76% buy
17 covering
P/E
21.1x
forward 11.4x
1-year return
+86.4%
Dividend yield
0.84%
Nucor Corporation Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Nucor manufactures structural steel, rebar, sheet steel, and steel tubes primarily for construction, automotive, and industrial end markets across North America. The company operates a fleet of electric arc furnaces (EAF) that use scrap steel as feedstock, giving it a structural cost advantage over integrated mills when scrap-to-iron ore spreads widen and a hedge against volatile raw material costs. Domestic infrastructure spending and a multi-year cycle of commercial construction should sustain demand through 2025, while Nucor's recent capacity additions (particularly in plate and structural products) position it to capture share as older integrated mills retire. The forward PE of 12x sits well below the sector average despite 15.7% operating margins and 14.5% ROE, reflecting market skepticism about steel cycle durability. At current valuations, the stock prices in a material compression of spreads and demand, leaving room for upside if either normalizes even partially.