P/E ratio for Olympic Steel (ZEUS)
P/E ratio as of March 2023 (TTM): 6.43
According to Olympic Steel 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.43329. At the end of 2021 the company had a P/E ratio of 2.23.
P/E ratio history for Olympic Steel from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 2.23 | -108.03% |
| 2020 | -27.8 | -151.14% |
| 2019 | 54.3 | 1026.4% |
| 2018 | 4.82 | -62.54% |
| 2017 | 12.9 | -105.31% |
| 2016 | -242 | |
| 2014 | -10.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Worthington Industries
WOR | 14.2 | 120.88% | 🇺🇸 USA |
 L.B. Foster FSTR | -2.61 | -140.54% | 🇺🇸 USA |
 Harsco
HSC | -2.89 | -144.98% | 🇺🇸 USA |
 Reliance Steel & Aluminum
RS | 8.47 | 31.59% | 🇺🇸 USA |
 MRC Global
MRC | 15.3 | 137.17% | 🇺🇸 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.