P/E ratio for Reliance Steel & Aluminum (RS)
P/E ratio as of May 2023 (TTM): 7.75
According to Reliance Steel & Aluminum 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.74926. At the end of 2021 the company had a P/E ratio of 7.25.
P/E ratio history for Reliance Steel & Aluminum from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Nucor
NUE | 5.21 | -32.77% | 🇺🇸 USA |
 Worthington Industries
WOR | 13.5 | 74.06% | 🇺🇸 USA |
 Olympic Steel
ZEUS | 7.74 | -0.17% | 🇺🇸 USA |
 Carpenter Technology CRS | -377 | -4,967.14% | 🇺🇸 USA |
 Alcoa AA | -7.05 | -190.92% | 🇺🇸 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.