P/E ratio for ArcelorMittal (MT)

P/E ratio history for ArcelorMittal from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
POSCO PKX	15.8	127.82%	🇰🇷 S. Korea
Gerdau GGB	2.90	-58.34%	🇧🇷 Brazil
Nucor NUE	6.68	-3.98%	🇺🇸 USA
U.S. Steel X	7.32	5.29%	🇺🇸 USA
Ternium TX	20.5	194.87%	🇱🇺 Luxembourg
Companhia Siderúrgica Nacional SID	-17.2	-348.05%	🇧🇷 Brazil
Commercial Metals Company CMC	5.67	-18.43%	🇺🇸 USA
Vale VALE	4.66	-33.02%	🇧🇷 Brazil
Cleveland-Cliffs CLF	14.8	112.78%	🇺🇸 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.