P/E ratio for Schnitzer Steel (SCHN)
P/E ratio as of May 2023 (TTM): 11.4
According to Schnitzer Steel 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.4331. At the end of 2021 the company had a P/E ratio of 7.45.
P/E ratio history for Schnitzer Steel from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 7.45 | -85.99% |
| 2020 | 53.2 | 196.83% |
| 2019 | 17.9 | 365.6% |
| 2018 | 3.85 | -73.35% |
| 2017 | 14.4 | -132.59% |
| 2016 | -44.3 | |
| 2012 | 44.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Commercial Metals Company CMC | 5.12 | -55.23% | 🇺🇸 USA |
 Nucor
NUE | 5.32 | -53.43% | 🇺🇸 USA |
 Worthington Industries
WOR | 13.7 | 19.71% | 🇺🇸 USA |
 Steel Dynamics
STLD | 5.06 | -55.74% | 🇺🇸 USA |
 Grupo Simec SIM | 14.1 | 22.89% | 🇲🇽 Mexico |
 U.S. Steel
X | 2.90 | -74.65% | 🇺🇸 USA |
 Gerdau GGB | 3.38 | -70.48% | 🇧🇷 Brazil |
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.