P/E ratio for Steel Partners (SPLP)
P/E ratio as of September 2023 (TTM): 4.92
According to Steel Partners's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.9213. At the end of 2021 the company had a P/E ratio of 6.95.
P/E ratio history for Steel Partners from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 6.95 | 118.64% |
| 2020 | 3.18 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 RBC Bearings RBC | 43.7 | 787.40% | 🇺🇸 USA |
 CompX International CIX | 11.0 | 122.51% | 🇺🇸 USA |
 Timken Company
TKR | 12.2 | 147.49% | 🇺🇸 USA |
 Simpson Manufacturing Company
SSD | 18.5 | 276.78% | 🇺🇸 USA |
 Mueller Industries
MLI | 6.38 | 29.64% | 🇺🇸 USA |
 Barnes Group B | 27.8 | 464.69% | 🇺🇸 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.