MT P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
MT's p/e ratio is higher than 95% of the last 10 years.
P/E ratio History
MT P/E ratio by year
Yearly range of MT’s p/e ratio from 2016 to 2026. Over the full period it ranged from -80.3 to 64.9, averaging 5.3.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 11.4 | 19.5 | 33.4 | 30.8 |
| 2025 | 9.4 | 14.6 | 20.7 | 11.1 |
| 2024 | -80.3 | -0.8 | 64.9 | 14.0 |
| 2023 | 2.4 | 3.5 | 4.7 | 4.6 |
| 2022 | 1.2 | 1.8 | 2.8 | 1.8 |
| 2021 | -35.4 | -1.5 | 15.2 | 2.4 |
| 2020 | -27.9 | -4.1 | -2.0 | -27.9 |
| 2019 | -7.2 | 10.8 | 30.3 | -7.2 |
| 2018 | 4.1 | 6.4 | 8.4 | 4.1 |
| 2017 | 6.3 | 9.8 | 18.7 | 8.4 |
| 2016 | -2.6 | -2.0 | -1.4 | -2.2 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is MT P/E ratio High or Low Right Now?
ArcelorMittal S.A.'s P/E ratio is currently 30.8, which is near historic high relative to its 10-year historical range. The 10-year median P/E ratio for MT is approximately 5.8. See all MT valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.