P/E ratio for ArcelorMittal (MT)
P/E ratio as of December 2023 (TTM): 5.17
According to ArcelorMittal's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.17008. At the end of 2022 the company had a P/E ratio of 2.64.
P/E ratio history for ArcelorMittal from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.64 | 11.96% |
| 2021 | 2.36 | -108.33% |
| 2020 | -28.3 | 290.06% |
| 2019 | -7.25 | -278.13% |
| 2018 | 4.07 | -43.58% |
| 2017 | 7.21 | -50.6% |
| 2016 | 14.6 | -1601.52% |
| 2015 | -0.9723 | -95.73% |
| 2014 | -22.8 | 47.98% |
| 2013 | -15.4 | 51.78% |
| 2012 | -10.1 | -164.62% |
| 2011 | 15.7 | -36.94% |
| 2010 | 24.9 | -99.14% |
| 2009 | > 1000 | 63715.07% |
| 2008 | 4.51 | -65.71% |
| 2007 | 13.2 | 33.32% |
| 2006 | 9.87 | 42.93% |
| 2005 | 6.90 | 102.04% |
| 2004 | 3.42 | 196.84% |
| 2003 | 1.15 | -83.37% |
| 2002 | 6.92 | -910.86% |
| 2001 | -0.8537 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Commercial Metals Company CMC | 5.56 | 7.46% | 🇺🇸 USA |
 Nucor
NUE | 8.21 | 58.73% | 🇺🇸 USA |
 POSCO PKX | 26.7 | 417.09% | 🇰🇷 S. Korea |
 Ternium
TX | 25.6 | 395.59% | 🇱🇺 Luxembourg |
 Vale VALE | 7.00 | 35.30% | 🇧🇷 Brazil |
 U.S. Steel
X | 7.05 | 36.35% | 🇺🇸 USA |
 Companhia Siderúrgica Nacional
SID | -39.4 | -862.17% | 🇧🇷 Brazil |
 Gerdau GGB | 4.47 | -13.58% | 🇧🇷 Brazil |
 Cleveland-Cliffs CLF | 25.7 | 396.92% | 🇺🇸 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.