P/E ratio for Steelcase (SCS)
P/E ratio as of May 2024 (TTM): 25.6
According to Steelcase's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.5957. At the end of 2022 the company had a P/E ratio of 47.1.
P/E ratio history for Steelcase from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 47.1 | -55.76% |
| 2021 | 107 | 466.15% |
| 2020 | 18.8 | 19.58% |
| 2019 | 15.7 | -8.73% |
| 2018 | 17.2 | 2.1% |
| 2017 | 16.9 | 36.81% |
| 2016 | 12.3 | -22.95% |
| 2015 | 16.0 | -38.41% |
| 2014 | 26.0 | -54.07% |
| 2013 | 56.6 | 184.55% |
| 2012 | 19.9 | 6.74% |
| 2011 | 18.7 | -103.53% |
| 2010 | -529 | 3971.78% |
| 2009 | -13.0 | -238.57% |
| 2008 | 9.37 | -46.29% |
| 2007 | 17.4 | -44.3% |
| 2006 | 31.3 | -44.62% |
| 2005 | 56.5 | -120.42% |
| 2004 | -277 | -273.48% |
| 2003 | 160 | -3229.97% |
| 2002 | -5.10 | -114.2% |
| 2001 | 35.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Herman Miller
MLHR | N/A | N/A | 🇺🇸 USA |
 Knoll
KNL | N/A | N/A | 🇺🇸 USA |
 HNI Corporation
HNI | 44.5 | 74.02% | 🇺🇸 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.