P/E ratio for Vale (VALE)
P/E ratio as of March 2023 (TTM): 3.94
According to Vale's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.93985. At the end of 2019 the company had a P/E ratio of -40.0.
P/E ratio history for Vale from 2003 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2019 | -40.0 | -497.27% |
| 2018 | 10.1 | -12.73% |
| 2017 | 11.5 | |
| 2014 | 62.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BHP Group BHP | 13.0 | 230.47% | 🇦🇺 Australia |
 Rio Tinto RIO | N/A | N/A | 🇬🇧 UK |
 ArcelorMittal MT | 2.82 | -28.30% | 🇱🇺 Luxembourg |
 Companhia Siderúrgica Nacional
SID | 7.22 | 83.22% | 🇧🇷 Brazil |
 Cleveland-Cliffs CLF | 3.86 | -1.99% | 🇺🇸 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.