Reason: Acquired by Acerinox
Last recorded trade on: January 24, 2025
Source: https://www.businesswire.com/news/home/20241121792639/en/Acerinox-Completes-the-Acquisition-of-Haynes-International
P/E ratio for Haynes International (HAYN)
P/E ratio on January 24, 2025 (TTM): 16.9
According to Haynes International 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.9417. At the end of 2023 the company had a P/E ratio of 17.3.
P/E ratio history for Haynes International from 2007 to 2024
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 17.3 | 46.05% |
| 2022 | 11.8 | -90.9% |
| 2021 | 130 | -885.82% |
| 2020 | -16.6 | -153.67% |
| 2019 | 30.8 | -108.18% |
| 2018 | -377 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Allegheny Technologies
ATI | 28.9 | 70.56% | 🇺🇸 USA |
 Carpenter Technology CRS | 34.8 | 105.18% | 🇺🇸 USA |
 U.S. Steel
X | 30.4 | 79.63% | 🇺🇸 USA |
 Worthington Enterprises WOR | 49.5 | 192.30% | 🇺🇸 USA |
 Nucor
NUE | 21.6 | 27.35% | 🇺🇸 USA |
 Dynamic Materials Corporation BOOM | -0.9804 | -105.79% | 🇺🇸 USA |
 Ferroglobe
GSM | -11.8 | -169.49% | 🇬🇧 UK |
 Commercial Metals Company CMC | 78.5 | 363.07% | 🇺🇸 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.