Worthington Steel, Inc. (WS) Fair Value 2026

WS · Steel ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

6.5 /10

32 fundamental signals · 10 models active

Value Trap Risk

WARN (44/100)

Quick Summary — As of 2026-08-27, Worthington Steel, Inc. (WS) trades at $34.32, versus a $8.50 median fair value across its 10 active models — 75.2% below the current price. QOC: 6.5/10. Value Trap Risk: 44/100 (WARN). 10/13 models active. Within that set, the Bayesian DCF component alone returns $2.14.

Key Facts

Ticker
WS
Price
$34.32
Quality Score
6.5/10
Value Trap Risk
44/100
Models Active
10/13
Last Updated
Strength: 10 independent models provide multi-angle coverage
Risk: Value Trap score of 44 suggests caution despite apparent undervaluation

Is Worthington Steel, Inc. (WS) Undervalued or Overvalued in 2026?

According to CirclFi’s 10-model valuation engine, Worthington Steel, Inc. (WS) appears overvalued as of : the median of 10 independent fair value estimates is $8.50, 75.2% below the current price of $34.32. Estimates range from $0.83 to $93.45. WS scores 6.5/10 on fundamental quality and 44/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. WS’s -75.2% gap is wider than that market norm, and the Steel sector median is -39.9%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Worthington Steel, Inc. Stock in 2026? →

What Fair Value Does Each Model Give WS?

10 Intrinsic Value Models vs. Current Price ($34.32)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $2.14 -93.8%
Intrinsic · High Conviction
 $10.62 -69.1%
Ensemble · Low Conviction
 $8.97 -73.9%
Intrinsic · High Conviction
 $3.83 -88.8%
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What Is WS's Fair Value Range?

Spread across 10 independent models · $0.83 to $93.45

CirclFi's 10 active models place Worthington Steel, Inc. (WS) between $0.83 and $93.45 per share, a spread of 1090% of the median. The median of that range — $8.50 — is the fair value CirclFi publishes for WS, against a current price of $34.32.

Low · ML-RIVHigh · Regime Cross
$0.83median $8.50$93.45
Where the range comes from
Most bearish modelML Residual Income$0.83
Most bullish modelRegime Cross-Sectional$93.45
Model agreement2 bullish · 8 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for WS. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on WS, not a CirclFi price target. How each model works →

What Is Worthington Steel, Inc. (WS) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Worthington Steel, Inc.'s intrinsic value is estimated at $8.50. Trading at its current price of $34.32, the valuation engine raises significant caution: 8 of 10 models flag downside risk, projecting a median implied return of -75.2%. Model dispersion is worth noting: Regime Cross targets $93.45 (+172.3%), versus ML-RIV at $0.83 (-97.6%). This +269.9% range highlights the importance of multi-model analysis rather than relying on any single methodology. Among models with highest confidence, Bayesian DCF, EPV lean bearish — adding weight to the bearish side of the thesis.

What Do the Models Say About WS?

10 of 13 models are currently active for WS. Of these, 2 models suggest upside while 8 models suggest overvaluation. Taken together, their median fair value for WS is $8.50 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $2.14 on its own, implying -93.8% downside from the current price. See which stocks rank higher →

How Does WS Rank in Steel?

Among 21 Steel stocks, WS ranks #11 by Quality of Company score. CirclFi's QOC score of 6.5/10 evaluates 32 fundamental signals. A score of 6.5 indicates above-average quality.

Worthington Steel, Inc.'s positioning within the Steel segment means that book-to-bill ratio plays an outsized role in fundamental analysis. The sector's unique characteristics — including automation and productivity gains — shape both the opportunity set and risk profile.

Is WS a Value Trap?

CirclFi's Value Trap algorithm assigns WS a score of 44/100 (WARN). This is a warning signal. Additional research into recent 10-Q filings is recommended. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

10 of 13 models are active for Worthington Steel, Inc.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, Worthington Steel, Inc. earns a quality score of 6.5/10. This respectable rating reflects the company's standing across 32 fundamental signals spanning profitability, growth consistency, balance sheet strength, and capital allocation efficiency. Our Value Trap detector shows moderate caution signals worth monitoring.

The gap between the most bullish and bearish model spans +269.9% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every WS valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across WS's 10 active models, average confidence is 53%. Moderate confidence indicates reasonable fit.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Worthington Steel, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Steel Stocks Should You Also Analyze?

11 related Steel stocks with 13-model coverage

MTUSMetallus Inc.QOC 6.7PKXPOSCO Holdings Inc.QOC 6.4TXTernium S.A.QOC 6.9CLFCleveland-Cliffs Inc.QOC 6.3GGBGerdau S.A.QOC 7.1SIDCompanhia Siderúrgica NacionalQOC 6.0ASTLAlgoma Steel Group Inc.QOC 4.6HLPHongli Group Inc.QOC 2.2FRDFriedman Industries, IncorporatedQOC 7.9MSBMesabi TrustQOC 8.7NWPXNWPX Infrastructure, Inc.QOC 8.5

Read investment analysis: MTUS · PKX · TX · CLF · GGB · SID · ASTL · HLP · FRD · MSB · NWPX

Which Other Stocks Have a Similar Quality Score to WS?

7 companies across all industries closest to WS’s Quality of Company score of 6.5/10.

AGIOAgios Pharmaceuticals, Inc.QOC 6.5ZVIAZevia PBCQOC 6.5SNDXSyndax Pharmaceuticals, Inc.QOC 6.5DBIDesigner Brands Inc.QOC 6.5RXRXRecursion Pharmaceuticals, Inc.QOC 6.5ARQTArcutis Biotherapeutics, Inc.QOC 6.5NVDANVIDIA CorporationQOC 10.0

Read investment analysis: AGIO · ZVIA · SNDX · DBI · RXRX · ARQT · NVDA

What Else Do Investors Ask About Worthington Steel, Inc.’s Valuation?

What is Worthington Steel, Inc.'s intrinsic value in 2026?

CirclFi puts Worthington Steel, Inc. (WS)'s intrinsic value at $8.50 — the median of 10 independent model estimates as of 2026-08-27, ranging from $0.83 to $93.45. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $2.14 on its own. The Quality of Company score is 6.5/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is WS overvalued or undervalued right now?

At $34.32, 2 of 10 active models suggest WS may be undervalued, while 8 indicate potential overvaluation. The median of all 10 fair value estimates is $8.50, 75.2% below the current price of $34.32 — a consensus view that WS is overvalued. The assessment depends on which methodology best fits Worthington Steel, Inc.'s business model in Steel.

What does a Quality of Company score of 6.5 mean for WS?

Worthington Steel, Inc.'s QOC of 6.5/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores between 5-7 reflect moderate fundamentals with areas for improvement.

How many valuation models does CirclFi run on WS?

CirclFi analyzes WS with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 10 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on WS?

Of the 10 models currently active on WS, Regime Cross-Sectional is the most bullish at $93.45 per share, and ML Residual Income is the most bearish at $0.83. CirclFi's published fair value for WS is the median of that range, $8.50, not either extreme. The gap between the two ends equals 1090% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is WS a value trap in 2026?

Worthington Steel, Inc.'s Value Trap score is 44/100 (WARN). This elevated score suggests the stock may look undervalued but faces deteriorating fundamentals — declining margins, rising debt, or shrinking revenue could make the apparent discount deceptive. Browse our ranked stock lists to compare value-trap scores across industries.

Cite this analysis — “According to CirclFi’s 10-model valuation engine, Worthington Steel, Inc. (WS) has a median fair value of $8.50 — 75.2% below the current price of $34.32 — as of 2026-08-27.” Source: circlfi.com/stock/WS/ · Methodology
Primary sources for this WS valuation
  • Financial statements: Worthington Steel, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001968487) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for WS as of ; valuations recomputed .

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