ArcelorMittal
MT
#754
Rank
$22.63 B
Marketcap
$28.16
Share price
4.32%
Change (1 day)
-15.83%
Change (1 year)

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
2020-28.3290.06%
2019-7.25-278.13%
20184.07-43.46%
20177.20-51.04%
201614.7-1318.73%
2015-1.21-94.7%
2014-22.847.98%
2013-15.468.56%
2012-9.12-158.18%
201115.7-35.96%
201024.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
4.40 55.97%๐Ÿ‡บ๐Ÿ‡ธ USA
4.75 68.30%๐Ÿ‡บ๐Ÿ‡ธ USA
3.70 31.09%๐Ÿ‡ฐ๐Ÿ‡ท S. Korea
4.36 54.62%๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg
3.90 38.36%๐Ÿ‡ง๐Ÿ‡ท Brazil
1.93-31.45%๐Ÿ‡บ๐Ÿ‡ธ USA
7.19 155.01%๐Ÿ‡ง๐Ÿ‡ท Brazil
3.11 10.19%๐Ÿ‡ง๐Ÿ‡ท Brazil
3.81 35.12%๐Ÿ‡บ๐Ÿ‡ธ 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.