P/E ratio for Ryerson (RYI)
P/E ratio as of September 2023 (TTM): 8.83
According to Ryerson's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.83489. At the end of 2021 the company had a P/E ratio of 3.40.
P/E ratio history for Ryerson from 2014 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 3.40 | -143.13% |
| 2020 | -7.88 | -245.96% |
| 2019 | 5.40 | 141.97% |
| 2018 | 2.23 | -89.91% |
| 2017 | 22.1 | -2.21% |
| 2016 | 22.6 | -109.69% |
| 2015 | -234 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Haynes International
HAYN | 12.9 | 45.70% | 🇺🇸 USA |
 Reliance Steel & Aluminum
RS | 10.3 | 16.81% | 🇺🇸 USA |
 Allegheny Technologies
ATI | 19.1 | 116.75% | 🇺🇸 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.