Reliance Steel & Aluminum Co (RS) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Reliance Steel & Aluminum Co stock $212, price $414, that is 48.9% below the price, quality 68 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $129.44 – $448.08 · fair‑value band $122.15 – $307.75 · the $414.04 price screens above the $211.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Follow Reliance Steel & Aluminum Co in your weekly email
Every Wednesday you see whether Reliance Steel & Aluminum Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Reliance, Inc. operates as a diversified metal solutions provider and metals service center company primarily in the United States and Canada.
Show moreShow less
The company distributes metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and other specialty steel products; and provides metals processing services to consumer products, general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, industrial machinery, and heavy industries.
It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was formerly known as Reliance Steel & Aluminum Co. and changed its name to Reliance, Inc. in February 2024.
Reliance, Inc. was founded in 1939 and is based in Phoenix, Arizona.
Stock analysis
Reliance Steel & Aluminum Co (RS) currently trades at $414.04, while our model-based Fair Value estimate is $211.54, 49% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of $230.04 per share, and 0 of the 26 models we run sit above the $414.04 price.
Bear case: the Dividend Discount group reads lowest at $79.19, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $122.15 (bear) to $307.75 (bull), the price of $414.04 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 68/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Reliance Steel & Aluminum Co reported revenue of $14.3B in FY2025 versus $14.1B in FY2021, a compound +0.4%/yr. Reported net income was $739M in FY2025, compounding −14.9%/yr from FY2021.
Key figures
Market cap $21.4B Large · P/E ratio 19.3 · P/S ratio 1.35 · EPS (TTM) $21.45 · Dividend yield 1.2% · Net margin 5.7% · Return on equity 12.2% · Return on assets (EBIT) 16.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 58% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −34% fair-value upside, at −49%, RS screens richer than that median.
Fair Value models
Bear$122.15Fair Value $211.54Bull$307.75
Price $414.04 · Downside -48.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($14.06 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
SaleWilliam A Smith IISVP, General Counsel, Corp Sec2× since Mar 9, 2026: 8,968 shares, avg. $328.94$2.9MJul 28, 2026
SaleKarla R LewisPresident, CEO, Director5,809 shares at $283.50$1.6MDec 1, 2025
Plus 8 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+3.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−5.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.2%
Start year 2020 (pandemic). Over 10 years: +4.3% a year
Revenue growth 32 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.1%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+8.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.8%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.6.2% vs 12.9%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 7%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+23.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +20.2% a year for the price and +2.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Reliance's leading metals service center network with value-added processing and defense contract wins forms its main strength, while limited moat and commodity exposure remain the central weakness.
Main risk: Online marketplaces such as Xometry or digital initiatives by competitors like Kloeckner could attract customers seeking easier procurement of processed metals from service centers like Reliance and pressure volumes and margins in value-added processing.
Bull case: Reliance could leverage its extensive physical network, certifications and quick-turn processing in aerospace and defense to retain customers who value reliability and specialized qualifications over digital convenience.
Bear case: If digital platforms capture more custom orders, Reliance might see reduced demand for its processing services and face sustained margin compression from price competition in a more commoditized distribution market.
Reliance has built a leading metals service center network with strong value-added processing and quick-turn capabilities that serve a wide range of industries including aerospace and defense. Recent contract wins in those higher-margin areas underscore its positioning there. Our models currently see the stock as overvalued. Will the processing focus and defense exposure provide enough buffer against steel cycle swings, or will volume and margin pressures reassert themselves?
Compare Reliance Steel & Aluminum Co with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 407 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside−48.9% · Bottom 25%
Profitability
Return on equity (12 months)12.2% · Top 25%
Return on assets7.1% · Top 25%
Net margin (12 months)5.7% · Above median
Operating margin (12 months)9.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)26.5% · Top 25%
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity0.20× · Above median
Valuation Multiplesvs Steel median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Reliance Steel & Aluminum Co Fair Value". https://www.fairvalue-calculator.com/stock/RS
Frequently asked questions
Is Reliance Steel & Aluminum Co (RS) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $211.54 versus a price of $414.04, about 49% lower (overvalued).
What is the fair value of RS?
Our model-based fair value for Reliance Steel & Aluminum Co is $211.54 (as of Nov 6, 2026), built from audited fundamentals. The current price: $414.04.
What is the quality score of RS?
Reliance Steel & Aluminum Co has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Reliance Steel & Aluminum Co (RS)?
Our model-based price target is the fair value of $211.54 (as of Nov 6, 2026) from 26 valuation models. Cautious scenario $122.15, optimistic scenario $307.75. It is a calculation from audited fundamentals, not an analyst target.
What is the Reliance Steel & Aluminum Co stock forecast for 2026?
Our models put fair value at $211.54, about 49% lower versus a price of $414.04 (overvalued). Cautious scenario $122.15, optimistic scenario $307.75. The calculation is refreshed regularly with new filings.
What is the revenue of Reliance Steel & Aluminum Co (RS)?
Reliance Steel & Aluminum Co reported trailing-twelve-month revenue of about $15.8B (latest available figure, as of Nov 6, 2026).
Does Reliance Steel & Aluminum Co pay a dividend?
Reliance Steel & Aluminum Co currently shows a dividend yield of 1.18% relative to its recent price (as of Nov 6, 2026).
What growth is priced into Reliance Steel & Aluminum Co (RS)?
For today's price to be fair in a discounted-cash-flow model, Reliance Steel & Aluminum Co would have to grow free cash flow by +23.0 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.2 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of RS use?
Our models discount Reliance Steel & Aluminum Co at 9.1 %: a base by market capitalisation (large), damped by beta 0.95, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Reliance Steel & Aluminum Co that is +23.0 % per year a year over ten years, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Reliance Steel & Aluminum Co (RS) delivered so far?
Over the past 5 years revenue at Reliance Steel & Aluminum Co grew +10.2 % a year. The price currently implies +23.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Reliance Steel & Aluminum Co (RS) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Reliance Steel & Aluminum Co (+23.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Reliance Steel & Aluminum Co (RS)?
The free-cash-flow yield on the price is 2.35 %: that much free cash flow Reliance Steel & Aluminum Co produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Reliance Steel & Aluminum Co (RS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Reliance Steel & Aluminum Co it is $211.54 per share (as of Nov 6, 2026), against a price of $414.04. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Reliance Steel & Aluminum Co stock overvalued or undervalued in 2026?
As of Nov 6, 2026, RS trades above its calculated fair value: price $414.04, fair value $211.54, a gap of about −49% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of RS?
No. The price is what the market pays today ($414.04); the fair value is what the company's own numbers justify ($211.54). For Reliance Steel & Aluminum Co the two are $202.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is Reliance Steel & Aluminum Co worth?
The market values Reliance Steel & Aluminum Co at about $21.4B (market capitalisation, as of Nov 6, 2026). Per share that is $414.04; our models calculate a fair value of $211.54 per share.
What do the bullish and bearish scenarios say about RS?
Our models span a range for Reliance Steel & Aluminum Co: cautious scenario $122.15, base $211.54, optimistic $307.75 per share (as of Nov 6, 2026, price $414.04). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RS?
Reliance Steel & Aluminum Co trades at a price-to-earnings ratio of 19.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $211.54 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 5 of the years ex one-offs: 12.0. Other multiples: PEG 2.3, P/B 3.0, P/S 1.4, EV/EBITDA 14.6.
What is the PEG ratio of RS?
The PEG ratio of Reliance Steel & Aluminum Co is 2.29 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Reliance Steel & Aluminum Co (RS)?
Balance-sheet figures for Reliance Steel & Aluminum Co (as of Nov 6, 2026): return on equity 12.2%, debt of 0.20 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is RS from its 52-week high?
Reliance Steel & Aluminum Co trades at $414.04, about 8% below its 52-week high of $448.08 and 58% above the low of $261.99 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $211.54 is for.
Which stocks are comparable to Reliance Steel & Aluminum Co?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Reliance Steel & Aluminum Co stock attractive at the current price?
The data as of Nov 6, 2026: price $414.04, calculated fair value $211.54 (−49%), Quality Score 68/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of RS calculated?
We run Reliance Steel & Aluminum Co through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $211.54, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Reliance Steel & Aluminum Co itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Reliance Steel & Aluminum Co (RS)?
The closing price on Nov 5, 2026 was $414.04. Our model-based fair value is $211.54, about 49% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Reliance Steel & Aluminum Co right now?
The price sits above even our optimistic bull case ($307.75). The favourable scenario is already priced in. Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($122.15 to $307.75) leaves room in how you read the outcome.
Where does the earnings growth of Reliance Steel & Aluminum Co (RS) come from?
Earnings per share at Reliance Steel & Aluminum Co grew +16.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.2 %, EBIT margin +4.1 %, tax rate +1.1 %, residual (interest, one-offs) +2.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Reliance Steel & Aluminum Co
How large is the market capitalisation of Reliance Steel & Aluminum Co (RS)?
The market capitalisation of Reliance Steel & Aluminum Co is $21.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Reliance Steel & Aluminum Co (RS)?
The price-to-sales ratio of Reliance Steel & Aluminum Co is 1.35 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Reliance Steel & Aluminum Co (RS)?
Earnings per share at Reliance Steel & Aluminum Co are $21.45 (price ÷ EPS = P/E 19.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Reliance Steel & Aluminum Co (RS)?
The dividend yield of Reliance Steel & Aluminum Co is 1.2% (payout 22.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Reliance Steel & Aluminum Co (RS)?
The net margin of Reliance Steel & Aluminum Co is 5.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Reliance Steel & Aluminum Co (RS)?
The return on equity (ROE) of Reliance Steel & Aluminum Co is 12.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Reliance Steel & Aluminum Co (RS)?
On an EBIT basis the return on assets of Reliance Steel & Aluminum Co is 16.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Reliance Steel & Aluminum Co (RS)?
The operating margin of Reliance Steel & Aluminum Co is 9.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Reliance Steel & Aluminum Co (RS)?
Revenue at Reliance Steel & Aluminum Co is growing +26.5% versus a year earlier (3y avg −5.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Reliance Steel & Aluminum Co (RS)?
Earnings per share at Reliance Steel & Aluminum Co are growing +42.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Reliance Steel & Aluminum Co (RS) carry?
The net debt of Reliance Steel & Aluminum Co is $1.8B (fiscal year 2025, ≈ 3.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Reliance Steel & Aluminum Co in the live analysis
One click puts Reliance Steel & Aluminum Co on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 6, 2026