P/E ratio for Gerdau (GGB)
P/E ratio as of June 2024 (TTM): 3.43
According to Gerdau's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.42691. At the end of 2022 the company had a P/E ratio of 4.36.
P/E ratio history for Gerdau from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.36 | 49.88% |
| 2021 | 2.91 | -83.63% |
| 2020 | 17.8 | 15.74% |
| 2019 | 15.3 | 45.84% |
| 2018 | 10.5 | -114.51% |
| 2017 | -72.5 | 1102.6% |
| 2016 | -6.03 | 230.48% |
| 2015 | -1.82 | -117.83% |
| 2014 | 10.2 | -45.53% |
| 2013 | 18.8 | -10.93% |
| 2012 | 21.1 | 89.9% |
| 2011 | 11.1 | -31.24% |
| 2010 | 16.2 | -65.7% |
| 2009 | 47.1 | 405.41% |
| 2008 | 9.32 | 14.83% |
| 2007 | 8.12 | 99.77% |
| 2006 | 4.06 | -55.17% |
| 2005 | 9.06 | 149.03% |
| 2004 | 3.64 | -29.73% |
| 2003 | 5.18 | 25.18% |
| 2002 | 4.14 | -49.94% |
| 2001 | 8.26 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Commercial Metals Company CMC | 6.76 | 97.18% | 🇺🇸 USA |
 Nucor
NUE | 8.43 | 146.01% | 🇺🇸 USA |
 ArcelorMittal MT | 5.32 | 55.11% | 🇱🇺 Luxembourg |
 Steel Dynamics
STLD | 8.52 | 148.76% | 🇺🇸 USA |
 Grupo Simec SIM | 27.0 | 688.85% | 🇲🇽 Mexico |
 POSCO PKX | 21.2 | 518.25% | 🇰🇷 S. Korea |
 Vale VALE | 5.77 | 68.28% | 🇧🇷 Brazil |
 U.S. Steel
X | 7.50 | 118.97% | 🇺🇸 USA |
 Companhia Siderúrgica Nacional
SID | -28.9 | -943.23% | 🇧🇷 Brazil |
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.