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
Commercial Metals Company CMC	10.9	-59.53%	🇺🇸 USA
Nucor NUE	15.8	-41.03%	🇺🇸 USA
POSCO PKX	12.8	-52.46%	🇰🇷 S. Korea
Ternium TX	14.2	-47.32%	🇱🇺 Luxembourg
Vale VALE	6.33	-76.43%	🇧🇷 Brazil
U.S. Steel X	31.9	18.66%	🇺🇸 USA
Companhia Siderúrgica Nacional SID	-2.52	-109.40%	🇧🇷 Brazil
Gerdau GGB	16.7	-37.82%	🇧🇷 Brazil
Cleveland-Cliffs CLF	-14.6	-154.32%	🇺🇸 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.