P/E ratio for Grupo Simec (SIM)

P/E ratio history for Grupo Simec 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
Steel Dynamics STLD	7.39	-65.82%	🇺🇸 USA
Nucor NUE	5.90	-72.73%	🇺🇸 USA
U.S. Steel X	6.18	-71.45%	🇺🇸 USA
Gerdau GGB	2.95	-86.38%	🇧🇷 Brazil
Commercial Metals Company CMC	6.08	-71.89%	🇺🇸 USA
Ternium TX	19.1	-11.50%	🇱🇺 Luxembourg
ArcelorMittal MT	4.73	-78.13%	🇱🇺 Luxembourg
Radius Recycling (Schnitzer Steel) RDUS	-16.9	-178.05%	🇺🇸 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.