P/E ratio for Steel Dynamics (STLD)
P/E ratio as of May 2024 (TTM): 8.55
According to Steel Dynamics 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.55236. At the end of 2022 the company had a P/E ratio of 4.67.
P/E ratio history for Steel Dynamics from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.67 | 18.9% |
| 2021 | 3.93 | -72.21% |
| 2020 | 14.1 | 26.16% |
| 2019 | 11.2 | 100.54% |
| 2018 | 5.58 | -56.11% |
| 2017 | 12.7 | -43.86% |
| 2016 | 22.7 | -167.21% |
| 2015 | -33.7 | -216.15% |
| 2014 | 29.0 | 27.77% |
| 2013 | 22.7 | 24.11% |
| 2012 | 18.3 | 76.8% |
| 2011 | 10.4 | -62.66% |
| 2010 | 27.7 | -115.65% |
| 2009 | -177 | -3983.18% |
| 2008 | 4.56 | -67.44% |
| 2007 | 14.0 | 81.2% |
| 2006 | 7.74 | 8.05% |
| 2005 | 7.16 | 12.83% |
| 2004 | 6.35 | -72.96% |
| 2003 | 23.5 | 219.95% |
| 2002 | 7.34 | -95.58% |
| 2001 | 166 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Commercial Metals Company CMC | 7.03 | -17.77% | 🇺🇸 USA |
 Nucor
NUE | 8.71 | 1.80% | 🇺🇸 USA |
 ArcelorMittal MT | 5.42 | -36.65% | 🇱🇺 Luxembourg |
 Worthington Industries
WOR | 9.86 | 15.29% | 🇺🇸 USA |
 Radius Recycling (Schnitzer Steel)
RDUS | -20.5 | -340.08% | 🇺🇸 USA |
 Grupo Simec SIM | 26.7 | 212.71% | 🇲🇽 Mexico |
 POSCO PKX | 23.2 | 171.39% | 🇰🇷 S. Korea |
 U.S. Steel
X | 7.07 | -17.35% | 🇺🇸 USA |
 Gerdau GGB | 3.77 | -55.91% | 🇧🇷 Brazil |
 Carpenter Technology CRS | 50.4 | 489.09% | 🇺🇸 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.