P/E ratio for Ferroglobe (GSM)
P/E ratio as of June 2024 (TTM): 6.22
According to Ferroglobe 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.2234. At the end of 2022 the company had a P/E ratio of 1.57.
P/E ratio history for Ferroglobe from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 1.57 | -116.63% |
| 2021 | -9.41 | 542.57% |
| 2020 | -1.46 | 158.59% |
| 2019 | -0.5663 | -108.55% |
| 2018 | 6.63 | |
| 2016 | -5.47 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Corning GLW | 53.6 | 760.71% | 🇺🇸 USA |
 Dow DOW | 31.2 | 401.18% | 🇺🇸 USA |
 Southern Company SO | 28.1 | 351.30% | 🇺🇸 USA |
 Haynes International
HAYN | 16.4 | 163.12% | 🇺🇸 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.