P/E ratio for Gerdau (GGB)
P/E ratio as of June 2023 (TTM): 3.19
According to Gerdau's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.19264. At the end of 2021 the company had a P/E ratio of 2.90.
P/E ratio history for Gerdau from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 2.90 | -83.75% |
| 2020 | 17.9 | -34.67% |
| 2019 | 27.3 | 160.48% |
| 2018 | 10.5 | -115.46% |
| 2017 | -67.8 | 1028.93% |
| 2016 | -6.01 | 229.36% |
| 2015 | -1.82 | -117.83% |
| 2014 | 10.2 | |
| 2012 | 21.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Commercial Metals Company CMC | 4.87 | 52.68% | 🇺🇸 USA |
 Nucor
NUE | 5.16 | 61.77% | 🇺🇸 USA |
 ArcelorMittal MT | 3.60 | 12.61% | 🇱🇺 Luxembourg |
 Steel Dynamics
STLD | 4.86 | 52.30% | 🇺🇸 USA |
 Grupo Simec SIM | 13.8 | 333.32% | 🇲🇽 Mexico |
 POSCO PKX | 4.08 | 27.90% | 🇰🇷 S. Korea |
 Vale VALE | 3.18 | -0.46% | 🇧🇷 Brazil |
 U.S. Steel
X | 2.79 | -12.52% | 🇺🇸 USA |
 Companhia Siderúrgica Nacional
SID | -102 | -3,284.70% | 🇧🇷 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.