Vale
VALE
#199
Rank
$69.93 B
Marketcap
$15.72
Share price
-0.88%
Change (1 day)
-21.16%
Change (1 year)

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%
201810.1-12.73%
201711.5
201462.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
13.0 230.47%๐Ÿ‡ฆ๐Ÿ‡บ Australia
N/AN/A๐Ÿ‡ฌ๐Ÿ‡ง UK
2.82-28.30%๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg
7.22 83.22%๐Ÿ‡ง๐Ÿ‡ท Brazil
3.86-1.99%๐Ÿ‡บ๐Ÿ‡ธ 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.