CMC · Intrinsic value
Is Commercial Metals Company (CMC) overvalued or undervalued?
As of Oct 19, 2026, TickerWorth's valuation lenses put Commercial Metals Company (CMC) at $48.87 – $195.57, too broad a range to say where the delayed market price of $64.87 sits in it, so we do not call it over- or undervalued. It is a model estimate, and every input behind it is sourced below.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 19, 2026 · How these pages are made
What is CMC worth?
- Fair-value range
- $48.87 – $195.57
- Market price
- $64.87
- Gap to fair value
- —
- Verdict
- Too wide to call
Reverse DCF: Today's price implies revenue growth of 18.4% a year for 5 years; our model assumes 14.6% a year on average over the same horizon.
What is CMC's TickerWorth Score?
Cheap against our estimate — but a weaker business
Compared with Industrials companies in US
Its strongest point: trades below our estimate of what it's worth. Its weakest: profitability is weak.
- Value · 77 of 100
Cheaper than 77% of Industrials companies in US
- Price vs worth · 100 of 100
- Quality · 32 of 100
More profitable than 32% of Industrials companies in US
- Financial health · 55 of 100
Financially stronger than 55% of Industrials companies in US
- Growth · 60 of 100
Growing faster than 60% of Industrials companies in US
- Momentum · 34 of 100
Outperformed 34% of Industrials companies in US over the past year
Confidence: Medium confidence · Scored
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Why CMC gets a range, not one number
At a recent price of $64.86, Commercial Metals Company (CMC) sits inside a range too wide to call either way: our valuation lenses put the business somewhere between $48.87 and $195.57 per share. They disagree too widely for us to state a single fair value. We publish the range rather than a midpoint because a number that precise would claim more than the methods can support. This is an educational model, not a price target or a recommendation.
Read the full reasoning
The valuation discounts Commercial Metals Company's projected free cash flows at a weighted-average cost of capital (WACC) of 10.1%, with a long-run terminal growth rate of 2.5%. About 73% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 18.4% annual revenue growth for CMC. Our base case instead compounds to about 14.6% a year over the same forecast, so the market is pricing in materially faster growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, CMC's modeled DCF value ranges from about $37.11 to $89.81 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Commercial Metals Company would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of CMC's intrinsic value. Figures update as new filings and prices come in.
Every input behind CMC's DCF
| Input | Value |
|---|---|
| Base-year revenueCommercial Metals Company FY2026 10-K (accession 0000022444-26-000065): us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, FY2026 full year. | $9,393,900,000 |
| Base EBIT marginCommercial Metals Company FY2026 10-K (accession 0000022444-26-000065): derived: revenue 9,393,904,000 − CostsAndExpenses 8,682,893,000 = 711,011,000 (no operating-income tag) = 7.57%, FY2026. | 7.6% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 26% → 20% → 15% → 9% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.1% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 1.53 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesCommercial Metals Company FY2026 10-K (accession 0000022444-26-000065): WeightedAverageNumberOfDilutedSharesOutstanding = 111,864,867 shares, FY2026. | 112M |
| Market priceLast known price · as of 2026-10-19 21:41 UTC | $64.86 |
Change CMC's assumptions
The discount-rate dial and the editable model
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What does Commercial Metals Company do?
What does it do?
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through three segments: North America Steel Group, Construction Solutions Group, and Europe Steel Group. It operates in the Metal Fabrication industry (Industrials sector), headquartered in United States. The company employs roughly 13,670 people.
How does it make money?
The business turns $9.4B in annual revenue into profit. Out of every $100 of sales, about $9 is left as operating profit (operating margin of 8.8%), after a 19% gross margin on the products/services it sells. After all costs, taxes and interest, 7.0% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks mixed: carries modest debt (0.8× equity), comfortably covers its short-term bills (2.3× current ratio), and is currently profitable.
Who at CMC filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| McPherson John R | Director | Grant / award | $3,987.57 | Form 4 for McPherson John R (opens sec.gov in a new tab) | |
| MATT PETER R | Director, President and CEO | Shares withheld (tax) | $346,066.11 | Form 4 for MATT PETER R (opens sec.gov in a new tab) | |
| MATT PETER R | Director, President and CEO | Shares withheld (tax) | $365,432.34 | Form 4 for MATT PETER R (opens sec.gov in a new tab) | |
| Halloran Brian N. | SVP, N. America Steel Group | Shares withheld (tax) | $29,146.50 | Form 4 for Halloran Brian N. (opens sec.gov in a new tab) | |
| Halloran Brian N. | SVP, N. America Steel Group | Shares withheld (tax) | $58,681.62 | Form 4 for Halloran Brian N. (opens sec.gov in a new tab) | |
| ABSHER JODY K | SVP, Chief Legal Officer & Sec | Shares withheld (tax) | $89,706.45 | Form 4 for ABSHER JODY K (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is CMC's intrinsic value?
TickerWorth's valuation lenses put Commercial Metals Company (CMC) between $48.87 and $195.57 per share, versus a market price of $64.86. They disagree too widely for us to state a single fair value, so we publish the range.
Is CMC overvalued or undervalued?
At $64.86 the price sits inside a range too wide to call either way. We don't call CMC overvalued or undervalued from a range this wide. This is an educational estimate, not advice.
What discount rate is used for CMC?
A WACC of 10.1% and a terminal growth rate of 2.5%.
Is Commercial Metals stock undervalued?
TickerWorth's fair-value range for Commercial Metals Company (CMC) is $48.87 – $195.57 against a market price of $64.87. Too wide to call. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.
Commercial Metals (CMC) DCF valuation and fair value
Our fair-value range for Commercial Metals Company (CMC) is $48.87 – $195.57, built on a 10.1% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Commercial Metals stock?
Today's price implies revenue growth of 18.4% a year for 5 years; our model assumes 14.6% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $64.87. A model estimate, not investment advice.
Commercial Metals (CMC) insider trading
The most recent insider filing (SEC Form 4) for Commercial Metals Company (CMC): McPherson John R, Director, grant / award on 2026-10-15. The latest filings are listed on this page. A disclosure, not a signal to trade.
Other ways into the coverage
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.