P/E ratio for Reliance Steel & Aluminum (RS)
P/E ratio as of April 2024 (TTM): 13.3
According to Reliance Steel & Aluminum 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.2902. At the end of 2022 the company had a P/E ratio of 6.69.
P/E ratio history for Reliance Steel & Aluminum from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.69 | -7.78% |
| 2021 | 7.25 | -65.12% |
| 2020 | 20.8 | 81.93% |
| 2019 | 11.4 | 41.3% |
| 2018 | 8.09 | -20.72% |
| 2017 | 10.2 | -46.14% |
| 2016 | 18.9 | 36.7% |
| 2015 | 13.9 | 8.31% |
| 2014 | 12.8 | -29.33% |
| 2013 | 18.1 | 56.23% |
| 2012 | 11.6 | 9.46% |
| 2011 | 10.6 | -45.94% |
| 2010 | 19.6 | -8.49% |
| 2009 | 21.4 | 607.12% |
| 2008 | 3.03 | -69.91% |
| 2007 | 10.1 | 23.08% |
| 2006 | 8.17 | -16.45% |
| 2005 | 9.78 | 31.28% |
| 2004 | 7.45 | -76% |
| 2003 | 31.0 | 42.97% |
| 2002 | 21.7 | 9.16% |
| 2001 | 19.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Nucor
NUE | 9.65 | -27.39% | 🇺🇸 USA |
 Worthington Industries
WOR | 9.67 | -27.27% | 🇺🇸 USA |
 Olympic Steel
ZEUS | 19.1 | 43.79% | 🇺🇸 USA |
 Carpenter Technology CRS | 36.4 | 173.98% | 🇺🇸 USA |
 Alcoa AA | -7.19 | -154.14% | 🇺🇸 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.