P/E ratio for Nucor (NUE)

P/E ratio history for Nucor 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	9.45	15.89%	🇺🇸 USA
Commercial Metals Company CMC	7.45	-8.56%	🇺🇸 USA
Gerdau GGB	3.54	-56.52%	🇧🇷 Brazil
U.S. Steel X	8.27	1.39%	🇺🇸 USA
Worthington Enterprises WOR	7.17	-12.06%	🇺🇸 USA
POSCO PKX	18.6	128.67%	🇰🇷 S. Korea
ArcelorMittal MT	5.43	-33.36%	🇱🇺 Luxembourg
Carpenter Technology CRS	80.2	883.58%	🇺🇸 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.