P/E ratio for Stelco (STLC.TO)
P/E ratio as of May 2024 (TTM): 7.95
According to Stelco's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.94903. At the end of 2022 the company had a P/E ratio of 3.05.
P/E ratio history for Stelco from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.05 | 42.65% |
| 2021 | 2.14 | -116.83% |
| 2020 | -12.7 | -125.61% |
| 2019 | 49.6 | 841.77% |
| 2018 | 5.27 |
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.