Commercial Metals Company (CMC) purchases and processes scrap metals for use as raw materials by manufacturers of new metal products. CMC produces finished long steel products, including rebar and merchant bar, as well as semi-finished billets and wire rod.
P/E ratio for Commercial Metals Company (CMC)
P/E ratio as of April 2024 (TTM): 6.56
According to Commercial Metals Company's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.55678. At the end of 2022 the company had a P/E ratio of 4.64.
P/E ratio history for Commercial Metals Company from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.64 | -38.44% |
| 2021 | 7.54 | -19.56% |
| 2020 | 9.38 | -6.93% |
| 2019 | 10.1 | -34.58% |
| 2018 | 15.4 | -51.59% |
| 2017 | 31.8 | -54.71% |
| 2016 | 70.3 | 479.92% |
| 2015 | 12.1 | -33.81% |
| 2014 | 18.3 | -44.18% |
| 2013 | 32.8 | 184.65% |
| 2012 | 11.5 | -117.49% |
| 2011 | -65.9 | 507.36% |
| 2010 | -10.8 | -54.96% |
| 2009 | -24.1 | -501.62% |
| 2008 | 5.99 | -41.58% |
| 2007 | 10.3 | 25.28% |
| 2006 | 8.19 | -21.66% |
| 2005 | 10.5 | 11.2% |
| 2004 | 9.40 | -67.67% |
| 2003 | 29.1 | 17.42% |
| 2002 | 24.8 | 47.11% |
| 2001 | 16.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Nucor
NUE | 8.74 | 33.27% | 🇺🇸 USA |
 ArcelorMittal MT | 5.16 | -21.24% | 🇱🇺 Luxembourg |
 Worthington Industries
WOR | 9.94 | 51.59% | 🇺🇸 USA |
 Steel Dynamics
STLD | 8.30 | 26.53% | 🇺🇸 USA |
 Radius Recycling (Schnitzer Steel)
RDUS | -19.5 | -396.90% | 🇺🇸 USA |
 Grupo Simec SIM | 25.6 | 290.26% | 🇲🇽 Mexico |
 U.S. Steel
X | 7.20 | 9.88% | 🇺🇸 USA |
 Mueller Industries
MLI | 10.4 | 58.13% | 🇺🇸 USA |
 Gerdau GGB | 3.50 | -46.69% | 🇧🇷 Brazil |
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.