P/E ratio for ArcelorMittal (MT)

P/E ratio history for ArcelorMittal from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
POSCO PKX	17.8	232.13%	🇰🇷 S. Korea
Gerdau GGB	3.51	-34.43%	🇧🇷 Brazil
Nucor NUE	8.03	50.28%	🇺🇸 USA
U.S. Steel X	8.12	51.88%	🇺🇸 USA
Ternium TX	23.6	340.82%	🇱🇺 Luxembourg
Companhia Siderúrgica Nacional SID	-23.6	-542.22%	🇧🇷 Brazil
Commercial Metals Company CMC	7.60	42.14%	🇺🇸 USA
Vale VALE	5.04	-5.68%	🇧🇷 Brazil
Cleveland-Cliffs CLF	18.9	254.01%	🇺🇸 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.