Stock fact sheet · data as of
Nucor Corporation (NUE): fair value, margin of safety and Wheel Score
Basic Materials · Steel · United States · Blend
Is NUE undervalued?
Nucor Corporation (NUE) closed at 254.69 on 16 Oct 2026, 104% above the GLS average fair value of 124.55. 8 of the 9 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
The 9 models disagree widely: DDM gives 32.96 while 10 Cap gives 279.34. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files NUE under Blend.
Nine valuation models for NUE
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 77.90 | -69% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 165.98 | -35% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 203.89 | -20% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 50.55 | -80% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 36.99 | -85% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 279.34 | +10% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 132.95 | -48% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 32.96 | -87% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 140.42 | -45% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -5.36 | -102% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 266.88 | +5% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health NUE scores 8/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 2.7 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are moderate - ROIC 6.2%, ROE 8.3%, ROA 5.0% - with debt at 0.34 times equity and a free-cash-flow yield of 2.7%.
The dividend yield is 0.88% with a payout ratio of 18% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Sheet 32%, Bar 19%, Steel Products 11% (quarter Q1 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 8 / 9 | ROIC | 6.2% |
|---|---|---|---|
| GLS Moat | 2.7 / 10 | ROE | 8.3% |
| Debt / equity | 0.34 | ROA | 5.0% |
| Free-cash-flow yield | 2.7% | Payout ratio | 18% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 58: Fair
NUE scores 58 out of 100 on the Wheel Score (Fair band, 50-64): a usable but unremarkable fit for the wheel strategy. The parts: Value 0/25, Health 18/20, Moat 4/15, Premium 20/20, Stability 16/20. Value (0/25) is where the points are missing.
Implied volatility is 41% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. The option chain is deep: 65,525 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 1.2M shares a day on a market cap of $57.8B, with a beta of 1.85 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 16 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -104% margin of safety | |
| Health | 18 / 20 | Piotroski 8/9 | |
| Moat | 4 / 15 | moat 2.7/10 | |
| Premium | 20 / 20 | implied volatility 41% | |
| Stability | 16 / 20 | 1.2M shares/day, $57.8B cap, beta 1.85 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Nucor Corporation reports earnings on 26 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Steel
The 12 companies below are the closest to Nucor Corporation by market cap within the Steel industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| MT ArcelorMittal S.A. | 63.60 | 48.47 | -31% | 55Fair | $48.0B |
| STLD Steel Dynamics, Inc. | 242.92 | 110.63 | -120% | 56Fair | $34.8B |
| RS Reliance Steel & Aluminum Co. | 407.07 | 193.13 | -111% | 51Fair | $20.8B |
| CRS Carpenter Technology Corporation | 380.56 | 241.95 | -57% | 69Good | $18.9B |
| PKX POSCO Holdings Inc. | 56.72 | 72,085.14 | +100% | 77Good | $17.2B |
| TX Ternium S.A. | 58.55 | 38.74 | -51% | 51Fair | $11.5B |
| GGB Gerdau S.A. | 5.05 | 14.59 | +65% | 85Prime | $9.9B |
| CMC Commercial Metals Company | 65.37 | 61.15 | -7% | 65Good | $7.2B |
| CLF Cleveland-Cliffs Inc. | 12.15 | 21.10 | +42% | 45Weak | $6.9B |
| SIM Grupo Simec, S.A.B. de C.V. | 26.32 | 198.95 | +87% | 39No options | $4.4B |
| WS Worthington Steel, Inc. | 38.75 | 25.54 | -52% | 42Weak | $2.0B |
| SID Companhia Siderúrgica Nacional | 1.21 | 15.90 | +92% | 45Weak | $1.6B |
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Start free See the Sunday ScanQuestions about NUE
Is NUE undervalued right now?
No: at 254.69 the stock trades 104% above the GLS average fair value of 124.55 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of NUE and what does it mean?
NUE scores 58 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for NUE?
124.55 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Nucor Corporation report earnings next?
The next earnings report is due on 26 Oct 2026 (after the close), 10 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does NUE have listed options, and how liquid are they?
Yes. The nightly snapshot found 838 listed contracts with 65,525 open interest across all expiries and implied volatility of 41% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.