ArcelorMittal
MT
#972
Rank
C$28.59 B
Marketcap
$36.29
Share price
-1.58%
Change (1 day)
20.07%
Change (1 year)

P/E ratio for ArcelorMittal (MT)

P/E ratio as of November 2024 (TTM): 5.35

According to ArcelorMittal's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.34631. At the end of 2022 the company had a P/E ratio of 2.64.

P/E ratio history for ArcelorMittal from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20222.6411.96%
20212.36-108.33%
2020-28.3290.06%
2019-7.25-278.13%
20184.07-43.58%
20177.21-50.6%
201614.6-1601.52%
2015-0.9723-95.73%
2014-22.847.98%
2013-15.451.78%
2012-10.1-164.62%
201115.7-36.94%
201024.9-99.14%
2009> 100063715.07%
20084.51-65.71%
200713.233.32%
20069.8742.93%
20056.90102.04%
20043.42196.84%
20031.15-83.37%
20026.92-910.86%
2001-0.8537

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
17.8 232.13%๐Ÿ‡ฐ๐Ÿ‡ท S. Korea
3.51-34.43%๐Ÿ‡ง๐Ÿ‡ท Brazil
8.03 50.28%๐Ÿ‡บ๐Ÿ‡ธ USA
8.12 51.88%๐Ÿ‡บ๐Ÿ‡ธ USA
23.6 340.82%๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg
-23.6-542.22%๐Ÿ‡ง๐Ÿ‡ท Brazil
7.60 42.14%๐Ÿ‡บ๐Ÿ‡ธ USA
5.04-5.68%๐Ÿ‡ง๐Ÿ‡ท Brazil
18.9 254.01%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.