Worthington Steel, Inc. (WS) intrinsic value & 10-year financials

Worthington Steel, Inc. (WS) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 5 fiscal years revenue shrank 8.7% a year to $3.1B, with an average return on invested capital of 12.4%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$39.68
Market cap
$2.0B
Revenue (FY2025)
$3.1B
Revenue growth (5-yr CAGR)
-8.7%
ROIC (10-yr avg)
12.4%
Free cash flow (FY2025)
$99.9M

WS 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $3.1B $110.7M $2.19 $99.9M 4.8% 10.3%
FY2024 $3.4B $154.7M $3.11 $96.1M 5.7% 14.3%
FY2023 $3.6B $87.1M $1.77 $269.5M 3.3% 8.3%
FY2022 $4.1B $180.4M $3.66 $3.1M 5.6% 16.8%
FY2021 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Worthington Steel, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Worthington Steel, Inc. returns on capital have been average, hovering around 12.4% ROIC over the decade.

Worthington Steel, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Worthington Steel, Inc. is modeled at -15.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-43.38 per share.

WS stock: frequently asked questions

What is the intrinsic value of Worthington Steel, Inc. (WS) stock?

Graham's formula only works with positive earnings. Worthington Steel, Inc. reported diluted EPS of $2.19 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Worthington Steel, Inc. generate free cash flow?

Worthington Steel, Inc. generated $99.9M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 4 of the last 4 reported years.

What is WS's return on invested capital?

Average ROIC over the last 5 fiscal years was 12.4%, and average return on equity was 12.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this WS data come from?

From Worthington Steel, Inc.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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