Reliance Steel & Aluminum
RS
#1066
Rank
$17.35 B
Marketcap
$302.13
Share price
-0.55%
Change (1 day)
26.04%
Change (1 year)

P/E ratio for Reliance Steel & Aluminum (RS)

P/E ratio as of May 2024 (TTM): 12.5

According to Reliance Steel & Aluminum 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.5417. 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
20226.69-7.78%
20217.25-65.12%
202020.881.93%
201911.441.3%
20188.09-20.72%
201710.2-46.14%
201618.936.7%
201513.98.31%
201412.8-29.33%
201318.156.23%
201211.69.46%
201110.6-45.94%
201019.6-8.49%
200921.4607.12%
20083.03-69.91%
200710.123.08%
20068.17-16.45%
20059.7831.28%
20047.45-76%
200331.042.97%
200221.79.16%
200119.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
8.52-32.09%๐Ÿ‡บ๐Ÿ‡ธ USA
9.65-23.03%๐Ÿ‡บ๐Ÿ‡ธ USA
15.1 20.17%๐Ÿ‡บ๐Ÿ‡ธ USA
51.5 310.96%๐Ÿ‡บ๐Ÿ‡ธ USA
-8.76-169.87%๐Ÿ‡บ๐Ÿ‡ธ 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.