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	15.5	200.33%	🇰🇷 S. Korea
Gerdau GGB	3.39	-34.28%	🇧🇷 Brazil
Nucor NUE	7.42	43.80%	🇺🇸 USA
U.S. Steel X	6.92	34.05%	🇺🇸 USA
Ternium TX	22.5	334.93%	🇱🇺 Luxembourg
Companhia Siderúrgica Nacional SID	-22.0	-527.05%	🇧🇷 Brazil
Commercial Metals Company CMC	7.23	40.07%	🇺🇸 USA
Vale VALE	4.67	-9.55%	🇧🇷 Brazil
Cleveland-Cliffs CLF	16.2	213.52%	🇺🇸 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.