P/E ratio for ArcelorMittal (MT)
P/E ratio as of March 2023 (TTM): 2.82
According to ArcelorMittal's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.82042. At the end of 2020 the company had a P/E ratio of -28.3.
P/E ratio history for ArcelorMittal from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2020 | -28.3 | 290.06% |
| 2019 | -7.25 | -278.13% |
| 2018 | 4.07 | -43.46% |
| 2017 | 7.20 | -51.04% |
| 2016 | 14.7 | -1318.73% |
| 2015 | -1.21 | -94.7% |
| 2014 | -22.8 | 47.98% |
| 2013 | -15.4 | 68.56% |
| 2012 | -9.12 | -158.18% |
| 2011 | 15.7 | -35.96% |
| 2010 | 24.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Commercial Metals Company CMC | 4.40 | 55.97% | 🇺🇸 USA |
 Nucor
NUE | 4.75 | 68.30% | 🇺🇸 USA |
 POSCO PKX | 3.70 | 31.09% | 🇰🇷 S. Korea |
 Ternium
TX | 4.36 | 54.62% | 🇱🇺 Luxembourg |
 Vale VALE | 3.90 | 38.36% | 🇧🇷 Brazil |
 U.S. Steel
X | 1.93 | -31.45% | 🇺🇸 USA |
 Companhia Siderúrgica Nacional
SID | 7.19 | 155.01% | 🇧🇷 Brazil |
 Gerdau GGB | 3.11 | 10.19% | 🇧🇷 Brazil |
 Cleveland-Cliffs CLF | 3.81 | 35.12% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.