P/E ratio for Steel & Tube Holdings (STU.NZ)
P/E ratio at the end of 2023: 9.80
According to Steel & Tube Holdings's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.97869. At the end of 2023 the company had a P/E ratio of 9.80.
P/E ratio history for Steel & Tube Holdings from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 9.80 | 54.06% |
| 2022 | 6.36 | -33.39% |
| 2021 | 9.55 | -730.39% |
| 2020 | -1.51 | -112.45% |
| 2019 | 12.2 | -454.81% |
| 2018 | -3.43 | -138.92% |
| 2017 | 8.81 | 66.94% |
| 2016 | 5.28 | -44.42% |
| 2015 | 9.49 | -3.72% |
| 2014 | 9.86 | -1.62% |
| 2013 | 10.0 | 1% |
| 2012 | 9.92 | 5.52% |
| 2011 | 9.40 | -68.57% |
| 2010 | 29.9 | 249.02% |
| 2009 | 8.57 | 12.9% |
| 2008 | 7.59 | -29.5% |
| 2007 | 10.8 | -13.17% |
| 2006 | 12.4 | 33.69% |
| 2005 | 9.28 | -20.56% |
| 2004 | 11.7 | -20.38% |
| 2003 | 14.7 | -12.31% |
| 2002 | 16.7 | 7.28% |
| 2001 | 15.6 |
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.