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STOCK COMPARISON

Bluescope Steel vs Nucor: Fair Value & Quality

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

As of Sep 5, 2026, Fair Value Calculator sees Nucor as the less overvalued of the two: Bluescope Steel trades at A$32.05 versus a fair value of A$6.50 (-80%), while Nucor trades at $262 versus $116 (-56%).
Bluescope Steel
BSL.AU · AUD · Materials
-80%
upside to fair value
overvalued
PriceA$32.05
Fair ValueA$6.50
Quality54/100
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).

Bluescope SteelNucor
Valuation
54.9×P/E (TTM)23.1×
0.62×P/S (TTM)1.56×
0.96×P/B2.55×
6.3×EV/EBITDA11.7×
0.03×PEG5.21×
−79.7%Fair value upside−55.8%
5.6%Dividend yield0.8%
A$1.80Dividend per share$2.22
Profitability
6%Operating margin12%
0.19×EBIT margin trend (5Y)1.00×
3%Return on equity12%
4%Return on assets6%
Growth
4%Revenue growth (YoY)21%
-5.1%Avg. growth/yr (3Y)-7.8%
7.6%Avg. growth/yr (5Y)10.0%
−31.1%Value creation/yr+12.7%
Balance & size
1.6×Interest coverage (EBIT/interest)45.1×
0.02×Debt / equity0.32×
$10BMarket cap$53B
weakGrowth qualityweak

Nucor leads: 7 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.

Bluescope Steelof which business quality 54 · market factors 68 Nucorof which business quality 58 · market factors 72
ProfitabilityMargins and returns on capital today
40
40
Quality GrowthAre margins and returns improving?
11
40
CashflowEarnings quality: real cash, not paper profit
40
37
Fin. StrengthBalance sheet, leverage, solvency risk
66
75
InvestmentDisciplined investing over empire-building
85
73
Low VolatilityCalm price path (market factor)
53
31
MomentumPrice trend over the last 3–12 months (market factor)
67
84
52W MomentumDistance to the 52-week high (market factor)
88
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 familyBluescope SteelPrice A$32.05NucorPrice $262
DCF Models-81%below the priceA$6.23n/a
Earnings-Based-94%below the priceA$1.95-70%below the price$79.61
Dividend Discount-57%below the priceA$13.85-85%below the price$39.56
Multiples-88%below the priceA$3.97-50%below the price$131
Asset-Based-49%below the priceA$16.31-77%below the price$61.59
Growth DCF-78%below the priceA$7.01n/a
Economic Profit-71%below the priceA$9.21-68%below the price$83.92
Growth Earnings-91%below the priceA$2.86-56%below the price$116
Minimum-94%below the priceA$1.95-85%below the price$39.56
Maximum-49%below the priceA$16.31-50%below the price$131
Median-79%below the priceA$6.62-69%below the price$81.77
Geometric mean-81%below the priceA$6.14-70%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%.

Bluescope Steel: 25 of 25 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.

Bluescope Steel
Bear A$4.88Fair Value A$6.50Bull A$8.12
A$32.05 = 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.

Bluescope Steel · Materials

Quality score54 · above median
Fair value upside-80% · bottom 25%

Nucor · Materials

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

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Nucor as the less overvalued of the two: Bluescope Steel trades at A$32.05 versus a fair value of A$6.50 (-80%), while Nucor trades at $262 versus $116 (-56%).

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

See the full analysis →
Bluescope Steel · Nucor

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