P/E ratio for Steel Dynamics (STLD)
P/E ratio as of April 2023 (TTM): 5.40
According to Steel Dynamics 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.39775. At the end of 2021 the company had a P/E ratio of 3.93.
P/E ratio history for Steel Dynamics from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 3.93 | -72.21% |
| 2020 | 14.1 | 26.16% |
| 2019 | 11.2 | 100.54% |
| 2018 | 5.58 | -56.11% |
| 2017 | 12.7 | -43.86% |
| 2016 | 22.7 | -167.21% |
| 2015 | -33.7 | -216.15% |
| 2014 | 29.0 | 27.77% |
| 2013 | 22.7 | 24.11% |
| 2012 | 18.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Commercial Metals Company CMC | 4.71 | -12.82% | 🇺🇸 USA |
 Nucor
NUE | 5.36 | -0.69% | 🇺🇸 USA |
 ArcelorMittal MT | 3.03 | -43.83% | 🇱🇺 Luxembourg |
 Worthington Industries
WOR | 14.6 | 170.24% | 🇺🇸 USA |
 Schnitzer Steel
SCHN | 8.37 | 55.10% | 🇺🇸 USA |
 Grupo Simec SIM | 13.4 | 147.74% | 🇲🇽 Mexico |
 POSCO PKX | 4.19 | -22.31% | 🇰🇷 S. Korea |
 U.S. Steel
X | 2.62 | -51.55% | 🇺🇸 USA |
 Gerdau GGB | 3.19 | -40.93% | 🇧🇷 Brazil |
 Carpenter Technology CRS | -372 | -6,993.30% | 🇺🇸 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.