P/E ratio for TimkenSteel (TMST)
P/E ratio as of April 2024 (TTM): -408
According to TimkenSteel's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -408. At the end of 2022 the company had a P/E ratio of 13.4.
P/E ratio history for TimkenSteel from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 13.4 | 201.21% |
| 2021 | 4.44 | -231.07% |
| 2020 | -3.38 | 5.91% |
| 2019 | -3.20 | -74.04% |
| 2018 | -12.3 | -19.77% |
| 2017 | -15.3 | 154.73% |
| 2016 | -6.02 | 19.32% |
| 2015 | -5.05 | -131.49% |
| 2014 | 16.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Nucor
NUE | 9.65 | -102.37% | 🇺🇸 USA |
 Steel Dynamics
STLD | 8.69 | -102.13% | 🇺🇸 USA |
 U.S. Steel
X | 7.67 | -101.88% | 🇺🇸 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.