P/E ratio for Vale (VALE)
P/E ratio as of October 2022 (TTM): 3.22
According to Vale's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.22444. At the end of 2020 the company had a P/E ratio of 17.6.
P/E ratio history for Vale from 2003 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2020 | 17.6 | -143.92% |
| 2019 | -40.0 | -497.27% |
| 2018 | 10.1 | -12.73% |
| 2017 | 11.5 | |
| 2014 | 62.9 |
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.