Worthington Steel, Inc. (WS) Key Metrics
WS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.99B
- Enterprise value
- $2.04B
- P/E (TTM)
- — 10-yr median 11.1
- Forward P/E
- 8.1
- PEG ratio
- —
- Price / sales
- 0.4 10-yr median 0.5
- Price / book
- 1.7 10-yr median 1.7
- EV / EBITDA
- 17.0 10-yr median 6.4
- Dividend yield
- 1.61% $0.64 a year
- Beta
- 2.23
WS key metrics, FY2021–FY2026
Fiscal year ended May 31, 2026 · U.S. dollarsWS valuation Price multiples at each fiscal year-end price.
WS returns How much profit the business earns on the capital it uses.
WS per-share figures Results divided by the shares outstanding at year-end.
WS financial health Debt, liquidity and how easily interest is covered.
WS efficiency & capital use Working capital cycle and where the cash goes.
WS valuation history
WS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WS cash returned to shareholders
WS price vs earnings per share
WS key metrics
FY2021–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $2.10B | $1.23B | $1.64B | — | — | — |
| Enterprise value | $2.37B | $1.42B | $1.83B | — | — | — |
| P/E ratio | 121.4 | 11.1 | 10.6 | — | — | — |
| Price / sales | 0.6 | 0.4 | 0.5 | — | — | — |
| Price / book | 2.0 | 1.1 | 1.7 | — | — | — |
| Price / free cash flow | 26.3 | 12.3 | 17.1 | — | — | — |
| Price / operating cash flow | 10.4 | 5.4 | 8.2 | — | — | — |
| EV / sales | 0.7 | 0.5 | 0.5 | — | — | — |
| EV / EBITDA | 12.5 | 6.4 | 6.4 | — | — | — |
| EV / free cash flow | 29.6 | 14.2 | 19.0 | — | — | — |
| Earnings yield | 0.8% | 9.0% | 9.4% | — | — | — |
| Free cash flow yield | 3.8% | 8.1% | 5.8% | — | — | — |
| Dividend yield | 1.6% | 2.6% | 0.5% | — | — | — |
| Shareholder yield (dividends + buybacks) | 1.6% | 2.8% | 0.5% | — | — | — |
| Share price at fiscal year-end | $42.19 | $24.90 | $32.99 | — | — | — |
| Per share | ||||||
| Revenue per share | $69.15 | $62.49 | $68.89 | $72.12 | $81.34 | $42.53 |
| Earnings per share | $0.35 | $2.24 | $3.11 | $1.74 | $3.61 | $3.42 |
| Operating cash flow per share | $4.04 | $4.65 | $4.01 | $6.30 | $0.79 | $3.05 |
| Free cash flow per share | $1.61 | $2.02 | $1.93 | $5.39 | $0.06 | $2.47 |
| Cash per share | $1.70 | $0.77 | $0.81 | $0.65 | $0.40 | $0.35 |
| Book value per share | $21.53 | $21.70 | $19.79 | $20.57 | $22.65 | $13.22 |
| Tangible book value per share | $19.01 | $18.72 | $16.64 | $17.33 | $19.26 | $12.47 |
| Dividends per share | $0.65 | $0.64 | $0.16 | $0.00 | $0.00 | — |
| Capex per share | $2.43 | $2.63 | $2.08 | $0.91 | $0.73 | $0.58 |
| Debt per share | $7.12 | $4.60 | $4.50 | $1.61 | $3.08 | $0.16 |
| Shares outstanding | 49.8M | 49.5M | 49.8M | 50.0M | 50.0M | 50.0M |
| Change in shares outstanding | +0.6% | −0.6% | −0.5% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | 1.6% | 10.8% | 15.4% | 8.1% | 20.1% | 25.9% |
| Return on invested capital (ROIC) | 4.0% | 9.7% | 13.6% | 8.0% | 18.6% | 27.0% |
| Return on assets (ROA) | 0.8% | 5.8% | 8.5% | 4.5% | 10.5% | 12.5% |
| Return on tangible assets | 0.8% | 6.1% | 9.0% | 5.4% | 9.4% | 12.9% |
| Free cash flow margin | 2.3% | 3.2% | 2.8% | 7.5% | 0.1% | 5.8% |
| Income quality (OCF / net income) | 11.63 | 2.08 | 1.29 | 3.62 | 0.22 | 0.89 |
| Financial health | ||||||
| Total debt | $354.4M | $227.9M | $223.9M | $80.4M | $153.9M | $8.1M |
| Cash & short-term investments | $84.6M | $38.0M | $40.2M | $32.7M | $20.1M | $17.5M |
| Net debt | $269.8M | $189.9M | $183.7M | $47.7M | $133.8M | −$9.4M |
| Debt / equity | 0.33 | 0.21 | 0.23 | 0.08 | 0.14 | 0.01 |
| Debt / assets | 0.16 | 0.12 | 0.12 | 0.05 | 0.07 | 0.01 |
| Net debt / EBITDA | 1.42 | 0.86 | 0.64 | 0.24 | 0.42 | −0.03 |
| Current ratio | 1.46 | 1.66 | 1.62 | 2.05 | 1.93 | 1.86 |
| Quick ratio | 0.92 | 0.99 | 0.96 | 1.18 | 1.06 | 0.98 |
| Interest coverage | 3.9 | 20.7 | 32.4 | 40.1 | 75.5 | — |
| Working capital | $355.3M | $417.0M | $383.4M | $502.5M | $609.2M | $434.0M |
| Invested capital | $1.34B | $1.26B | $1.17B | $1.08B | $1.27B | $652.0M |
| Tangible asset value | $1.15B | $1.05B | $960.9M | $992.6M | $1.10B | $777.2M |
| Net current asset value | $139.3M | $284.6M | $252.9M | $371.1M | $449.4M | $388.3M |
| Graham number | $12.97 | $33.04 | $37.19 | $28.39 | $42.87 | $31.89 |
| Graham net-net per share | −$6.33 | −$3.75 | −$2.98 | −$0.31 | −$1.24 | −$0.18 |
| Capital allocation | ||||||
| Dividends paid | $32.6M | $31.9M | $7.9M | $0 | $0 | — |
| Share buybacks (net) | — | $3.1M | $0 | — | — | — |
| Dividend payout ratio | 188.4% | 28.8% | 5.1% | 0.0% | 0.0% | — |
| Dividends + buybacks / free cash flow | 40.8% | 35.0% | 8.2% | 0.0% | 0.0% | — |
| Capex / revenue | 3.5% | 4.2% | 3.0% | 1.3% | 0.9% | 1.4% |
| Capex / operating cash flow | 60.2% | 56.6% | 51.8% | 14.4% | 92.3% | 18.9% |
| Capex / depreciation | 1.43 | 1.98 | 1.58 | 0.65 | 0.61 | 0.64 |
| Stock-based compensation / revenue | 0.4% | 0.4% | 0.3% | 0.3% | 0.2% | 0.5% |
| SG&A / revenue | 8.6% | 7.4% | 6.5% | 5.6% | 4.4% | 6.9% |
| Efficiency | ||||||
| Days sales outstanding | 50.3 | 54.0 | 50.5 | 54.3 | 45.1 | 69.5 |
| Days of inventory on hand | 50.3 | 55.8 | 50.0 | 54.9 | 50.3 | 92.0 |
| Days payables outstanding | 49.5 | 52.8 | 47.8 | 51.7 | 48.5 | 94.0 |
| Cash conversion cycle (days) | 51.1 | 57.0 | 52.8 | 57.5 | 46.9 | 67.6 |
| Receivables turnover | 7.26 | 6.76 | 7.23 | 6.72 | 8.09 | 5.25 |
| Payables turnover | 7.37 | 6.91 | 7.64 | 7.06 | 7.52 | 3.88 |
| Inventory turnover | 7.26 | 6.54 | 7.29 | 6.65 | 7.26 | 3.97 |
| Asset turnover | 1.63 | 1.62 | 1.89 | 1.87 | 2.36 | 1.56 |
| Average receivables | $474.4M | $457.8M | $474.6M | $536.6M | $503.1M | $405.2M |
| Average payables | $412.4M | $391.4M | $391.3M | $463.2M | $488.2M | $452.3M |
| Average inventory | $418.9M | $413.6M | $410.1M | $492.1M | $506.2M | $442.9M |
| Intangibles / total assets | 5.5% | 7.5% | 8.4% | 9.2% | 8.1% | 2.8% |
Computed from WS's annual financial statements (latest annual report filed July 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
WS valuation and financial ratios
At the end of fiscal 2026 (May 31, 2026), Worthington Steel traded at 121.4 times earnings, against a 6-year median of 11.1. Worthington Steel earned a return on equity of 1.6% and a return on invested capital of 4.0% in fiscal 2026. It ended the year with $354.4 million of debt and $84.6 million in cash and short-term investments, net debt of $269.8 million. It returned $32.6 million to shareholders: $32.6 million in dividends and $0 in share buybacks, 41% of free cash flow.
See the WS income statement, the WS chart for price history, or the WS stock overview for the latest quote and news.
WS key metrics FAQ
What is Worthington Steel's P/E ratio?
Worthington Steel traded at 121.4 times earnings at the end of fiscal 2026.
What is Worthington Steel's EV/EBITDA?
Worthington Steel's enterprise value was 12.5 times EBITDA at the end of fiscal 2026 (enterprise value $2.4 billion, EBITDA $189.9 million); the current EV/EBITDA is 17.0.
What is Worthington Steel's return on equity?
Worthington Steel's return on equity (ROE) was 1.6% in fiscal 2026: net income of $17.3 million on average shareholders' equity of $1.1 billion.
What is Worthington Steel's ROIC?
Worthington Steel's return on invested capital was 4.0% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Worthington Steel have?
Worthington Steel had total debt of $354.4 million at the end of fiscal 2026, a debt-to-equity ratio of 0.33 and $269.8 million of net debt (1.42 times EBITDA).
What is Worthington Steel's dividend yield?
Worthington Steel's forward dividend yield is 1.61%. Worthington Steel paid $32.6 million in dividends in fiscal 2026 ($0.65 per share), a payout ratio of 188.4%.
What is Worthington Steel's free cash flow yield?
Worthington Steel generated $80.0 million of free cash flow in fiscal 2026, a free cash flow yield of 3.8% on its market value at year-end ($2.1 billion).
What is Worthington Steel's current ratio?
Worthington Steel's current ratio was 1.46 at the end of fiscal 2026: current assets were 1.46 times current liabilities.