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STOCK COMPARISON

ArcelorMittal vs Nucor: Fair Value & Quality

Both stocks run through our valuation models. Here is how ArcelorMittal (ARRD) and Nucor (NUE) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees ArcelorMittal as the less overvalued of the two: ArcelorMittal trades at €67.38 versus a fair value of €46.71 (-31%), while Nucor trades at $262 versus $116 (-56%).
ArcelorMittal
ARRD.XETRA · EUR · Materials
-31%
upside to fair value
overvalued
Price€67.38
Fair Value€46.71
Quality53/100
Nucor
NUE · USD · Materials
-56%
upside to fair value
overvalued
Price$262
Fair Value$116
Quality60/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

ArcelorMittalNucor
Valuation
17.3×P/E (TTM)23.1×
0.82×P/S (TTM)1.56×
0.93×P/B2.55×
12.5×EV/EBITDA11.7×
0.38×PEG5.21×
−30.7%Fair value upside−55.8%
0.6%Dividend yield0.8%
€0.39Dividend per share$2.22
Profitability
5%Operating margin12%
EBIT margin trend (5Y)1.00×
5%Return on equity12%
1%Return on assets6%
Growth
5%Revenue growth (YoY)21%
-8.4%Avg. growth/yr (3Y)-7.8%
2.9%Avg. growth/yr (5Y)10.0%
−26.6%Value creation/yr+12.7%
Balance & size
3.6×Interest coverage (EBIT/interest)45.1×
0.18×Debt / equity0.32×
$51BMarket cap$53B
weakGrowth qualityweak

Nucor leads: 6 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

ArcelorMittalof which business quality 51 · market factors 73 Nucorof which business quality 58 · market factors 72
ProfitabilityMargins and returns on capital today
30
40
Quality GrowthAre margins and returns improving?
32
40
CashflowEarnings quality: real cash, not paper profit
31
37
Fin. StrengthBalance sheet, leverage, solvency risk
54
75
InvestmentDisciplined investing over empire-building
87
73
Low VolatilityCalm price path (market factor)
24
31
MomentumPrice trend over the last 3–12 months (market factor)
90
84
52W MomentumDistance to the 52-week high (market factor)
100
97
Net IssuanceBuybacks instead of dilution
100
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyArcelorMittalPrice €67.38NucorPrice $262
DCF Models-51%below the price€33.08n/a
Earnings-Based-72%below the price€19.16-70%below the price$79.61
Dividend Discount-87%below the price€8.85-85%below the price$39.56
Multiples+1%close to the price€68.13-50%below the price$131
Asset-Based-28%below the price€48.40-77%below the price$61.59
Growth DCF-93%below the price€4.53n/a
Economic Profit-42%below the price€38.76-68%below the price$83.92
Growth Earnings-8%close to the price€61.72-56%below the price$116
Minimum-93%below the price€4.53-85%below the price$39.56
Maximum+1%close to the price€68.13-50%below the price$131
Median-47%below the price€35.92-69%below the price$81.77
Geometric mean-62%below the price€25.87-70%below the price$79.26

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

ArcelorMittal: 20 of 24 models see the stock below the current price.

Nucor: 16 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

ArcelorMittal
Bear €37.28Fair Value €46.71Bull €46.71
€67.38 = current price (white tick)
Nucor
Bear $81.24Fair Value $116Bull $151
$262 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

ArcelorMittal · Materials

Quality score53 · above median
Fair value upside-31% · below median

Nucor · Materials

Quality score60 · Top 25%
Fair value upside-56% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees ArcelorMittal as the less overvalued of the two: ArcelorMittal trades at €67.38 versus a fair value of €46.71 (-31%), while Nucor trades at $262 versus $116 (-56%).

Nucor has the higher quality score (60/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.