P/E ratio for Grupo Simec (SIM)
P/E ratio as of June 2024 (TTM): 27.0
According to Grupo Simec's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.0331. At the end of 2022 the company had a P/E ratio of 14.6.
P/E ratio history for Grupo Simec from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.6 | 51.43% |
| 2021 | 9.65 | -77.35% |
| 2020 | 42.6 | -351.38% |
| 2019 | -16.9 | -273.66% |
| 2018 | 9.76 | -56.84% |
| 2017 | 22.6 | 61.04% |
| 2016 | 14.0 | -7.33% |
| 2015 | 15.2 | -46.52% |
| 2014 | 28.3 | 64.75% |
| 2013 | 17.2 | 35.1% |
| 2012 | 12.7 | 137.46% |
| 2011 | 5.36 | -69.38% |
| 2010 | 17.5 | -142.85% |
| 2009 | -40.9 | -1142.85% |
| 2008 | 3.92 | -52.2% |
| 2007 | 8.20 | -18.24% |
| 2006 | 10.0 | -22.62% |
| 2005 | 13.0 | -41.56% |
| 2004 | 22.2 | -46.41% |
| 2003 | 41.4 | 53.42% |
| 2002 | 27.0 | 53.8% |
| 2001 | 17.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Commercial Metals Company CMC | 6.76 | -75.00% | 🇺🇸 USA |
 Nucor
NUE | 8.43 | -68.81% | 🇺🇸 USA |
 ArcelorMittal MT | 5.32 | -80.34% | 🇱🇺 Luxembourg |
 Steel Dynamics
STLD | 8.52 | -68.46% | 🇺🇸 USA |
 Radius Recycling (Schnitzer Steel)
RDUS | -18.6 | -168.92% | 🇺🇸 USA |
 Ternium
TX | 28.3 | 4.79% | 🇱🇺 Luxembourg |
 U.S. Steel
X | 7.50 | -72.24% | 🇺🇸 USA |
 Gerdau GGB | 3.43 | -87.32% | 🇧🇷 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.