P/E ratio for Ternium (TX)
P/E ratio as of April 2024 (TTM): 28.5
According to Ternium 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.5418. At the end of 2022 the company had a P/E ratio of 3.36.
P/E ratio history for Ternium from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.36 | 50.26% |
| 2021 | 2.23 | -78.03% |
| 2020 | 10.2 | 34.03% |
| 2019 | 7.59 | 115.16% |
| 2018 | 3.53 | -49.77% |
| 2017 | 7.02 | -9.8% |
| 2016 | 7.78 | -102.68% |
| 2015 | -290 | 1356.71% |
| 2014 | -19.9 | -248.8% |
| 2013 | 13.4 | -71.54% |
| 2012 | 47.0 | 539.05% |
| 2011 | 7.36 | -47.97% |
| 2010 | 14.1 | 39.69% |
| 2009 | 10.1 | 336.92% |
| 2008 | 2.32 | -77.48% |
| 2007 | 10.3 | 46.23% |
| 2006 | 7.03 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 ArcelorMittal MT | 5.15 | -81.94% | 🇱🇺 Luxembourg |
 Grupo Simec SIM | 25.6 | -10.35% | 🇲🇽 Mexico |
 POSCO PKX | 21.9 | -23.21% | 🇰🇷 S. Korea |
 Tenaris TS | 5.34 | -81.30% | 🇱🇺 Luxembourg |
 Companhia Siderúrgica Nacional
SID | -31.1 | -208.85% | 🇧🇷 Brazil |
 Gerdau GGB | 3.51 | -87.72% | 🇧🇷 Brazil |
 Allegheny Technologies
ATI | 21.9 | -23.16% | 🇺🇸 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.