Basis: Current FMP quote-based enterprise value / four-quarter revenue. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/Sales ratio high or low?
The EV/Sales ratio of 1.82x is 57% above its estimated 5-year average of 1.16x, around the middle of its estimated 5-year range (0.68x–2.35x).
As of 2026-09-19T00:15:59.815Z. 3.79% above its estimated 12-month average of 1.75x.
Calculation as of: 2026-09-19T00:15:59.815Z.
Quote observation: 2026-09-18T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: ab3488fae6c514bf965307f510c1c339bccc9465295b72d50a872e0edf3e4197
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-11.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/SALES RATIO
1.82x
EV/SALES RATIO AVG TTM
1.75x
EV/SALES RATIO AVG 3Y
1.37x
EV/SALES RATIO AVG 5Y
1.16x
EV/SALES RATIO AVG 10Y
1.09x
EV/SALES RATIO AVG 15Y
0.99x
EV/SALES RATIO AVG 20Y
1.05x
CURRENT VS TTM AVG
+3.79%
CURRENT VS 3Y AVG
+33.07%
CURRENT VS 5Y AVG
+57.16%
CURRENT VS 10Y AVG
+66.52%
CURRENT VS 15Y AVG
+84.16%
CURRENT VS 20Y AVG
+73.63%
SECTOR MEDIAN · BASIC MATERIALS
3.16x
median of 51 covered companies
CURRENT VS SECTOR MEDIAN
-42.41%
vs the sector median at left
Steel Dynamics, Inc.
Market Cap
$33.72B
EV/Sales Ratio
1.82x
TTM Avg
1.75x
3Y Avg
1.37x
5Y Avg
1.16x
Market Cap
$31.65B
EV/Sales Ratio
3.42x
TTM Avg
3.65x
3Y Avg
3.60x
5Y Avg
3.01x
Market Cap
$31.21B
EV/Sales Ratio
4.43x
TTM Avg
5.47x
3Y Avg
5.13x
5Y Avg
4.91x
Market Cap
$29.47B
EV/Sales Ratio
5.28x
TTM Avg
6.35x
3Y Avg
5.87x
5Y Avg
5.47x
Market Cap
$23.23B
EV/Sales Ratio
1.78x
TTM Avg
2.02x
3Y Avg
2.05x
5Y Avg
2.14x
Market Cap
$21.19B
EV/Sales Ratio
13.83x
TTM Avg
16.99x
3Y Avg
14.98x
5Y Avg
13.78x
Market Cap
$21.18B
EV/Sales Ratio
2.69x
TTM Avg
2.27x
3Y Avg
2.56x
5Y Avg
2.95x
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Steel Dynamics, Inc. (STLD) | $33.72B | 1.82x | 1.75x | 1.37x | 1.16x |
| Teck Resources Limited (TECK)vs › | $31.65B | 3.42x | 3.65x | 3.60x | 3.01x |
| Vulcan Materials Company (VMC)vs › | $31.21B | 4.43x | 5.47x | 5.13x | 4.91x |
| Nutrien Ltd. (NTR)vs › | $37.01B | 1.73x | 1.67x | 1.50x | 1.60x |
| Martin Marietta Materials, Inc. (MLM)vs › | $29.47B | 5.28x | 6.35x | 5.87x | 5.47x |
| PPG Industries, Inc. (PPG)vs › | $23.23B | 1.78x | 2.02x | 2.05x | 2.14x |
| Royal Gold, Inc. (RGLD)vs › | $21.19B | 13.83x | 16.99x | 14.98x | 13.78x |
| International Flavors & Fragrances Inc. (IFF)vs › | $21.18B | 2.69x | 2.27x | 2.56x | 2.95x |
| Dow Inc. (DOW)vs › | $20.75B | 0.91x | 0.92x | 1.01x | 1.00x |
| Coeur Mining, Inc. (CDE)vs › | $20.36B | 6.31x | 6.38x | 4.14x | 3.23x |
Enterprise Value (EV) = Market Cap + Total Debt - Cash
Sales = Total Revenue (TTM)
EV/Sales is commonly used because:
Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.
EV/Sales = Enterprise Value / Revenue (TTM)
Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/SALES RATIO |
|---|---|
| 2026-09-11 | 1.86x |
| 2026-09-10 | 1.84x |
| 2026-09-09 | 1.87x |
| 2026-09-08 | 1.87x |
| 2026-09-04 | 1.88x |
| 2026-09-03 | 1.91x |
| 2026-09-02 | 1.92x |
| 2026-09-01 | 1.82x |
| 2026-08-31 | 1.81x |
| 2026-08-28 | 1.83x |
| 2026-08-27 | 1.83x |
| 2026-08-26 | 1.83x |
| 2026-08-25 | 1.80x |
| 2026-08-24 | 1.79x |
| 2026-08-21 | 1.78x |
| 2026-08-20 | 1.72x |
| 2026-08-19 | 1.80x |
| 2026-08-18 | 1.93x |
| 2026-08-17 | 1.99x |
| 2026-08-14 | 1.97x |
| 2026-08-13 | 2.01x |
| 2026-08-12 | 2.03x |
| 2026-08-11 | 2.03x |
| 2026-08-10 | 2.06x |
| 2026-08-07 | 2.02x |
| 2026-08-06 | 2.01x |
| 2026-08-05 | 2.05x |
| 2026-08-04 | 2.04x |
| 2026-08-03 | 1.99x |
| 2026-07-31 | 1.94x |
| 2026-07-30 | 1.95x |
| 2026-07-29 | 1.95x |
| 2026-07-28 | 2.17x |
| 2026-07-27 | 2.10x |
| 2026-07-24 | 2.07x |
| 2026-07-23 | 2.02x |
| 2026-07-22 | 2.01x |
| 2026-07-21 | 1.97x |
| 2026-07-20 | 1.95x |
| 2026-07-17 | 1.99x |
| 2026-07-16 | 1.98x |
| 2026-07-15 | 1.99x |
| 2026-07-14 | 1.97x |
| 2026-07-13 | 1.97x |
| 2026-07-10 | 1.93x |
| 2026-07-09 | 1.88x |
| 2026-07-08 | 1.93x |
| 2026-07-07 | 1.94x |
| 2026-07-06 | 1.92x |
| 2026-07-02 | 1.87x |
| 2026-07-01 | 1.88x |
| 2026-06-30 | 1.94x |
| 2026-06-29 | 1.98x |
| 2026-06-26 | 2.06x |
| 2026-06-25 | 2.10x |
| 2026-06-24 | 2.03x |
| 2026-06-23 | 2.05x |
| 2026-06-22 | 2.10x |
| 2026-06-18 | 2.09x |
| 2026-06-17 | 2.25x |
| 2026-06-16 | 2.28x |
| 2026-06-15 | 2.26x |
| 2026-06-12 | 2.35x |
| 2026-06-11 | 2.32x |
| 2026-06-10 | 2.24x |
| 2026-06-09 | 2.25x |
| 2026-06-08 | 2.23x |
| 2026-06-05 | 2.24x |
| 2026-06-04 | 2.30x |
| 2026-06-03 | 2.29x |
| 2026-06-02 | 2.26x |
| 2026-06-01 | 2.18x |
| 2026-05-29 | 2.17x |
| 2026-05-28 | 2.18x |
| 2026-05-27 | 2.16x |
| 2026-05-26 | 2.10x |
| 2026-05-22 | 2.02x |
| 2026-05-21 | 1.96x |
| 2026-05-20 | 1.93x |
| 2026-05-19 | 1.89x |
| 2026-05-18 | 1.93x |
| 2026-05-15 | 1.94x |
| 2026-05-14 | 1.98x |
| 2026-05-13 | 2.00x |
| 2026-05-12 | 1.96x |
| 2026-05-11 | 1.99x |
| 2026-05-08 | 1.98x |
| 2026-05-07 | 1.97x |
| 2026-05-06 | 2.03x |
| 2026-05-05 | 2.00x |
| 2026-05-04 | 1.94x |
| 2026-05-01 | 1.94x |
| 2026-04-30 | 1.93x |
| 2026-04-29 | 1.90x |
| 2026-04-28 | 1.92x |
| 2026-04-27 | 2.00x |
| 2026-04-24 | 2.01x |
| 2026-04-23 | 2.00x |
| 2026-04-22 | 2.02x |
| 2026-04-21 | 1.96x |
| 2026-04-20 | 1.87x |
| 2026-04-17 | 1.80x |
| 2026-04-16 | 1.76x |
| 2026-04-15 | 1.75x |
| 2026-04-14 | 1.76x |
| 2026-04-13 | 1.76x |
| 2026-04-10 | 1.72x |
| 2026-04-09 | 1.72x |
| 2026-04-08 | 1.70x |
| 2026-04-07 | 1.61x |
| 2026-04-06 | 1.61x |
| 2026-04-02 | 1.64x |
| 2026-04-01 | 1.66x |
| 2026-03-31 | 1.64x |
| 2026-03-30 | 1.57x |
| 2026-03-27 | 1.56x |
| 2026-03-26 | 1.59x |
| 2026-03-25 | 1.59x |
| 2026-03-24 | 1.55x |
| 2026-03-23 | 1.53x |
| 2026-03-20 | 1.51x |
| 2026-03-19 | 1.54x |
| 2026-03-18 | 1.55x |
| 2026-03-17 | 1.58x |
| 2026-03-16 | 1.59x |
| 2026-03-13 | 1.56x |
| 2026-03-12 | 1.60x |
| 2026-03-11 | 1.67x |
| 2026-03-10 | 1.66x |
| 2026-03-09 | 1.66x |
| 2026-03-06 | 1.65x |
| 2026-03-05 | 1.72x |
| 2026-03-04 | 1.75x |
| 2026-03-03 | 1.78x |
| 2026-03-02 | 1.81x |
| 2026-02-27 | 1.79x |
| 2026-02-26 | 1.78x |
| 2026-02-25 | 1.77x |
| 2026-02-24 | 1.77x |
| 2026-02-23 | 1.81x |
| 2026-02-20 | 1.79x |
| 2026-02-19 | 1.77x |
| 2026-02-18 | 1.78x |
| 2026-02-17 | 1.78x |
| 2026-02-13 | 1.78x |
| 2026-02-12 | 1.84x |
| 2026-02-11 | 1.89x |
| 2026-02-10 | 1.85x |
| 2026-02-09 | 1.87x |
| 2026-02-06 | 1.86x |
| 2026-02-05 | 1.79x |
| 2026-02-04 | 1.84x |
| 2026-02-03 | 1.79x |
| 2026-02-02 | 1.73x |
| 2026-01-30 | 1.67x |
| 2026-01-29 | 1.69x |
| 2026-01-28 | 1.63x |
| 2026-01-27 | 1.64x |
| 2026-01-26 | 1.62x |
| 2026-01-23 | 1.69x |
| 2026-01-22 | 1.67x |
| 2026-01-21 | 1.68x |
| 2026-01-20 | 1.61x |
| 2026-01-16 | 1.62x |
| 2026-01-15 | 1.64x |
| 2026-01-14 | 1.60x |
| 2026-01-13 | 1.59x |
| 2026-01-12 | 1.59x |
| 2026-01-09 | 1.59x |
| 2026-01-08 | 1.61x |
| 2026-01-07 | 1.58x |
| 2026-01-06 | 1.62x |
| 2026-01-05 | 1.61x |
| 2026-01-02 | 1.64x |
| 2025-12-31 | 1.59x |
| 2025-12-30 | 1.60x |
| 2025-12-29 | 1.62x |
| 2025-12-26 | 1.64x |
| 2025-12-24 | 1.64x |
| 2025-12-23 | 1.65x |
| 2025-12-22 | 1.64x |
| 2025-12-19 | 1.63x |
| 2025-12-18 | 1.63x |
| 2025-12-17 | 1.62x |
| 2025-12-16 | 1.59x |
| 2025-12-15 | 1.58x |
| 2025-12-12 | 1.61x |
| 2025-12-11 | 1.62x |
| 2025-12-10 | 1.60x |
| 2025-12-09 | 1.56x |
| 2025-12-08 | 1.56x |
| 2025-12-05 | 1.55x |
| 2025-12-04 | 1.58x |
| 2025-12-03 | 1.61x |
| 2025-12-02 | 1.57x |
| 2025-12-01 | 1.57x |
| 2025-11-28 | 1.58x |
| 2025-11-26 | 1.57x |
| 2025-11-25 | 1.55x |
| 2025-11-24 | 1.52x |
| 2025-11-21 | 1.49x |
| 2025-11-20 | 1.45x |
| 2025-11-19 | 1.47x |
| 2025-11-18 | 1.46x |
| 2025-11-17 | 1.47x |
| 2025-11-14 | 1.47x |
| 2025-11-13 | 1.46x |
| 2025-11-12 | 1.49x |
| 2025-11-11 | 1.45x |
| 2025-11-10 | 1.45x |
| 2025-11-07 | 1.44x |
| 2025-11-06 | 1.45x |
| 2025-11-05 | 1.46x |
| 2025-11-04 | 1.44x |
| 2025-11-03 | 1.48x |
| 2025-10-31 | 1.48x |
| 2025-10-30 | 1.49x |
| 2025-10-29 | 1.54x |
| 2025-10-28 | 1.52x |
| 2025-10-27 | 1.49x |
| 2025-10-24 | 1.53x |
| 2025-10-23 | 1.51x |
| 2025-10-22 | 1.49x |
| 2025-10-21 | 1.53x |
| 2025-10-20 | 1.47x |
| 2025-10-17 | 1.44x |
| 2025-10-16 | 1.44x |
| 2025-10-15 | 1.47x |
| 2025-10-14 | 1.47x |
| 2025-10-13 | 1.46x |
| 2025-10-10 | 1.42x |
| 2025-10-09 | 1.48x |
| 2025-10-08 | 1.47x |
| 2025-10-07 | 1.44x |
| 2025-10-06 | 1.43x |
| 2025-10-03 | 1.46x |
| 2025-10-02 | 1.45x |
| 2025-10-01 | 1.42x |
| 2025-09-30 | 1.41x |
| 2025-09-29 | 1.40x |
| 2025-09-26 | 1.41x |
| 2025-09-25 | 1.38x |
| 2025-09-24 | 1.38x |
| 2025-09-23 | 1.38x |
| 2025-09-22 | 1.40x |
| 2025-09-19 | 1.41x |
| 2025-09-18 | 1.41x |
| 2025-09-17 | 1.39x |
| 2025-09-16 | 1.41x |
| 2025-09-15 | 1.34x |
| 2025-09-12 | 1.33x |
| 2025-09-11 | 1.36x |
| 2025-09-10 | 1.35x |
| 2025-09-09 | 1.33x |
| 2025-09-08 | 1.37x |
| 2025-09-05 | 1.37x |
| 2025-09-04 | 1.33x |
| 2025-09-03 | 1.32x |
| 2025-09-02 | 1.32x |
| 2025-08-29 | 1.33x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
