P/E ratio for Grupo Simec (SIM)
P/E ratio as of March 2023 (TTM): 13.4
According to Grupo Simec's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.3724. At the end of 2021 the company had a P/E ratio of 9.62.
P/E ratio history for Grupo Simec from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.62 | -54.26% |
| 2020 | 21.0 | -188.46% |
| 2019 | -23.8 | -367.75% |
| 2018 | 8.88 | -60.72% |
| 2017 | 22.6 | 28.97% |
| 2016 | 17.5 | 15.71% |
| 2015 | 15.2 | -17.61% |
| 2014 | 18.4 | 6.97% |
| 2013 | 17.2 | 35.07% |
| 2012 | 12.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Commercial Metals Company CMC | 4.50 | -66.38% | 🇺🇸 USA |
 Nucor
NUE | 5.19 | -61.22% | 🇺🇸 USA |
 ArcelorMittal MT | 2.86 | -78.63% | 🇱🇺 Luxembourg |
 Steel Dynamics
STLD | 5.29 | -60.45% | 🇺🇸 USA |
 Schnitzer Steel
SCHN | 7.99 | -40.24% | 🇺🇸 USA |
 Ternium
TX | 4.34 | -67.52% | 🇱🇺 Luxembourg |
 U.S. Steel
X | 2.55 | -80.91% | 🇺🇸 USA |
 Gerdau GGB | 3.03 | -77.32% | 🇧🇷 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.