P/E ratio for Radius Recycling (Schnitzer Steel) (RDUS)
P/E ratio as of April 2024 (TTM): -20.3
According to Radius Recycling (Schnitzer Steel) 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -20.337. At the end of 2022 the company had a P/E ratio of 8.26.
P/E ratio history for Radius Recycling (Schnitzer Steel) from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.26 | 11.7% |
| 2021 | 7.40 | -86.09% |
| 2020 | 53.2 | 196.83% |
| 2019 | 17.9 | 365.6% |
| 2018 | 3.85 | -73.35% |
| 2017 | 14.4 | -132.59% |
| 2016 | -44.3 | 2181.81% |
| 2015 | -1.94 | -103.18% |
| 2014 | 61.0 | -2102.57% |
| 2013 | -3.04 | -106.83% |
| 2012 | 44.6 | 310.37% |
| 2011 | 10.9 | -44.99% |
| 2010 | 19.8 | -109.94% |
| 2009 | -199 | -3647.41% |
| 2008 | 5.60 | -62.88% |
| 2007 | 15.1 | 52.46% |
| 2006 | 9.90 | 54.38% |
| 2005 | 6.41 | -15.07% |
| 2004 | 7.55 | -57.16% |
| 2003 | 17.6 | -2.19% |
| 2002 | 18.0 | 40.45% |
| 2001 | 12.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Commercial Metals Company CMC | 6.75 | -133.19% | 🇺🇸 USA |
 Nucor
NUE | 9.65 | -147.45% | 🇺🇸 USA |
 Worthington Industries
WOR | 9.67 | -147.53% | 🇺🇸 USA |
 Steel Dynamics
STLD | 8.69 | -142.73% | 🇺🇸 USA |
 Grupo Simec SIM | 25.6 | -225.82% | 🇲🇽 Mexico |
 U.S. Steel
X | 7.67 | -137.69% | 🇺🇸 USA |
 Gerdau GGB | 3.51 | -117.24% | 🇧🇷 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.