ArcelorMittal
MT
#853
Rank
$22.42 B
Marketcap
$27.58
Share price
-0.83%
Change (1 day)
-4.57%
Change (1 year)

P/E ratio for ArcelorMittal (MT)

P/E ratio as of March 2024 (TTM): 5.65

According to ArcelorMittal's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.65164. 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
20222.6411.96%
20212.36-108.33%
2020-28.3290.06%
2019-7.25-278.13%
20184.07-43.58%
20177.21-50.6%
201614.6-1601.52%
2015-0.9723-95.73%
2014-22.847.98%
2013-15.451.78%
2012-10.1-164.62%
201115.7-36.94%
201024.9-99.14%
2009> 100063715.07%
20084.51-65.71%
200713.233.32%
20069.8742.93%
20056.90102.04%
20043.42196.84%
20031.15-83.37%
20026.92-910.86%
2001-0.8537

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
7.18 26.97%๐Ÿ‡บ๐Ÿ‡ธ USA
10.0 77.12%๐Ÿ‡บ๐Ÿ‡ธ USA
24.5 333.86%๐Ÿ‡ฐ๐Ÿ‡ท S. Korea
27.7 389.72%๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg
5.80 2.71%๐Ÿ‡ง๐Ÿ‡ท Brazil
8.03 42.04%๐Ÿ‡บ๐Ÿ‡ธ USA
-35.7-732.55%๐Ÿ‡ง๐Ÿ‡ท Brazil
4.34-23.21%๐Ÿ‡ง๐Ÿ‡ท Brazil
33.4 491.71%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.