P/E ratio for Vale (VALE)
P/E ratio as of April 2024 (TTM): 5.89
According to Vale's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.89048. 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 |
|---|---|---|
| 2022 | 4.18 | 32.37% |
| 2021 | 3.16 | -82.1% |
| 2020 | 17.6 | -144.11% |
| 2019 | -40.0 | -497.27% |
| 2018 | 10.1 | -12.73% |
| 2017 | 11.5 | 15.07% |
| 2016 | 10.0 | -810.07% |
| 2015 | -1.41 | -102.24% |
| 2014 | 62.9 | -54.61% |
| 2013 | 139 | 594.5% |
| 2012 | 20.0 | 267.6% |
| 2011 | 5.43 | -50.56% |
| 2010 | 11.0 | -62.92% |
| 2009 | 29.6 | 1220.9% |
| 2008 | 2.24 | -83.49% |
| 2007 | 13.6 | 24.7% |
| 2006 | 10.9 | 10.95% |
| 2005 | 9.82 | -24.19% |
| 2004 | 13.0 | -10.78% |
| 2003 | 14.5 | -11.13% |
| 2002 | 16.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BHP Group BHP | 4.85 | -17.65% | 🇦🇺 Australia |
 Rio Tinto RIO | N/A | N/A | 🇬🇧 UK |
 ArcelorMittal MT | 5.16 | -12.33% | 🇱🇺 Luxembourg |
 Companhia Siderúrgica Nacional
SID | -31.8 | -639.04% | 🇧🇷 Brazil |
 Cleveland-Cliffs CLF | 26.9 | 357.37% | 🇺🇸 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.