P/E ratio for Grupo Simec (SIM)

P/E ratio history for Grupo Simec 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
Steel Dynamics STLD	9.20	-59.41%	🇺🇸 USA
Nucor NUE	7.49	-66.92%	🇺🇸 USA
U.S. Steel X	7.56	-66.66%	🇺🇸 USA
Gerdau GGB	3.41	-84.96%	🇧🇷 Brazil
Commercial Metals Company CMC	7.29	-67.82%	🇺🇸 USA
Ternium TX	22.3	-1.53%	🇱🇺 Luxembourg
ArcelorMittal MT	5.14	-77.32%	🇱🇺 Luxembourg
Radius Recycling (Schnitzer Steel) RDUS	-20.1	-188.56%	🇺🇸 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.