Reliance Steel & Aluminum Co (RS) Fair Value & Analysis
Basic Materials · US · Market cap $20.2B · ISIN US7595091023
What is Reliance Steel & Aluminum Co really worth?
Reliance Steel & Aluminum Co
RS · US
A solid business, but trading 83% above our fair value of $217.81.
Strengths
Risks
For context
Fair value as of: Sep 1, 2026
From 24 valuation models · updated 4 days ago
Share price −4.0% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($307.79). 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 ($123.93 to $307.79) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.
How to read this chart
60‑month range $129.82 – $428.49 · fair‑value band $123.93 – $307.79 · the $398.24 price screens above the $217.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 1, 2026.
Analysis
Reliance Steel & Aluminum Co (RS) currently trades at $398.24, while our model-based Fair Value estimate is $217.81, implying the stock looks roughly 82.8% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Basic Materials sector. Bull case: the Multiples group reads highest at a median of $246.23 per share, and 0 of the 24 models we run sit above the $398.24 price. Bear case: the Asset-Based group reads lowest at $94.11, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Reliance Steel & Aluminum Co generated revenue of $14.8B at a net margin of 5.4%. Revenue grew 15.5% year over year. It earns a return on equity of 11.3%. Net debt stands at $1.8B. Fundamentals as of Sep 1, 2026
Our scenario range runs from $123.93 (bear case) to $307.79 (bull case); at $398.24, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 1% below its 52-week high and 55% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −22% fair-value upside, at −45%, RS screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $7.09 per share, which is 3.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Multiples ($246.23) versus Asset-Based ($94.11). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 73
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Reliance, Inc. operates as a diversified metal solutions provider and metals service center company primarily in the United States and Canada.
Full company description
Reliance, Inc. operates as a diversified metal solutions provider and metals service center company primarily in the United States and Canada. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
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.
of which total revenue +4.7 % · buybacks/dilution +3.4 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
RS screens 83% overvalued. Compare with Nucor Corporation →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- RS Shares Rally 21% in 6 Months: Here's What's Driving the Upside
- Reliance (RS) Is Down 9.1% After Q2 Earnings Beat And Upgraded Demand Outlook Has The Bull Case Changed?
- Why Is Reliance (RS) Down 3.8% Since Last Earnings Report?
- Zacks.com featured highlights Envista , Reliance, The Ensign, The Hanover Insurance and Lenovo
Peer Group
Steel · 398 stocks
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.
Valuation Multiples vs Steel median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 46/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nucor Corporation NUE | $250.50 | $116.05 | −54% |
| ArcelorMittal S.A MT | €64.60 | €46.04 | −29% |
| JSW Steel Limited JSWSTEEL | ₹1,296 | ₹1,119 | −14% |
| Steel Dynamics, Inc STLD | $234.67 | $127.14 | −46% |
| 500228 500228 | ₹1,292 | ₹1,079 | −16% |
| Tata Steel Limited TATASTEEL | ₹186.80 | ₹145.39 | −22% |
| Baoshan Iron & Steel Co 600019 | ¥5.91 | ¥8.07 | +37% |
| POSCO Holdings PKX | $63.13 | $85.21 | +35% |
| Jindal Steel & Power Limited JINDALSTEL | ₹1,114 | ₹429.44 | −61% |
| Lloyds Metals and Energy Limited LLOYDSME | ₹1,891 | ₹793.69 | −58% |
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