Stelco
STLC.TO
#4287
Rank
$1.79 B
Marketcap
$32.62
Share price
0.73%
Change (1 day)
-14.00%
Change (1 year)

P/E ratio for Stelco (STLC.TO)

P/E ratio as of March 2024 (TTM): 8.31

According to Stelco's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.31243. At the end of 2022 the company had a P/E ratio of 3.05.

P/E ratio history for Stelco from 2017 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20223.0542.65%
20212.14-116.83%
2020-12.7-125.61%
201949.6841.77%
20185.27

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.