P/E ratio for Ternium (TX)
P/E ratio as of September 2023 (TTM): 6.58
According to Ternium 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.57554. At the end of 2021 the company had a P/E ratio of 2.23.
P/E ratio history for Ternium from 2006 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 2.23 | -70.35% |
| 2020 | 7.53 | |
| 2018 | 3.44 | |
| 2016 | 7.78 | -133.99% |
| 2015 | -22.9 | -413.31% |
| 2014 | 7.31 | -45.37% |
| 2013 | 13.4 | -58.31% |
| 2012 | 32.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 ArcelorMittal MT | 5.15 | -21.72% | 🇱🇺 Luxembourg |
 Grupo Simec SIM | 29.5 | 348.99% | 🇲🇽 Mexico |
 POSCO PKX | 33.6 | 411.69% | 🇰🇷 S. Korea |
 Tenaris TS | 5.17 | -21.34% | 🇱🇺 Luxembourg |
 Companhia Siderúrgica Nacional
SID | -32.7 | -598.00% | 🇧🇷 Brazil |
 Gerdau GGB | 4.72 | -28.17% | 🇧🇷 Brazil |
 Allegheny Technologies
ATI | 19.0 | 189.64% | 🇺🇸 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.