Vale
VALE
#386
Rank
$48.24 B
Marketcap
$11.29
Share price
0.98%
Change (1 day)
-19.64%
Change (1 year)

P/E ratio for Vale (VALE)

P/E ratio as of June 2024 (TTM): 5.38

According to Vale's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.37619. At the end of 2022 the company had a P/E ratio of 4.18.

P/E ratio history for Vale from 2002 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20224.1832.37%
20213.16-82.1%
202017.6-144.11%
2019-40.0-497.27%
201810.1-12.73%
201711.515.07%
201610.0-810.07%
2015-1.41-102.24%
201462.9-54.61%
2013139594.5%
201220.0267.6%
20115.43-50.56%
201011.0-62.92%
200929.61220.9%
20082.24-83.49%
200713.624.7%
200610.910.95%
20059.82-24.19%
200413.0-10.78%
200314.5-11.13%
200216.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
4.68-12.86%๐Ÿ‡ฆ๐Ÿ‡บ Australia
N/AN/A๐Ÿ‡ฌ๐Ÿ‡ง UK
4.92-8.52%๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg
-27.2-605.63%๐Ÿ‡ง๐Ÿ‡ท Brazil
21.6 301.28%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.