Price to Earnings (P/E)
since 2005
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United States Steel Corp. pages available for free this week:
- Income Statement
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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Calculation
United States Steel Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net earnings (loss) attributable to United States Steel Corporation, applicable to common stock1 (in millions) | ÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 3, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 11, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 12, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 14, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 15, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 29, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 15, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2007 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of United States Steel Corp. Annual Report.
- Share Price Trends
- The share price exhibited significant volatility across the periods analyzed. Starting at USD 54.5 in early 2006, it reached a peak of 112.21 in early 2008 before sharply declining to 22.15 by early 2009. Subsequently, the share price fluctuated between approximately 9 and 57 USD until 2011, followed by a downward trend to around 9.12 USD in early 2016. After that, it demonstrated a recovery, rising steadily to 42.86 USD by early 2018, yet decreased again to 22.92 USD in early 2019. The price dipped below 10 USD in early 2020, then ascended gradually to reach 30.05 USD by early 2023. Overall, the share price shows sensitivity to market conditions, with pronounced troughs and recoveries over the 17-year period.
- Earnings Per Share (EPS) Analysis
- EPS values reveal considerable fluctuations and frequent negative earnings. The EPS started at 8.2 USD in early 2006 and increased to 11.53 USD by early 2007, then declined to 7.46 USD in 2008. A peak of 18.18 USD was observed in 2009, followed by a sharp fall to negative territory, with an EPS of -9.77 USD in 2010. Negative earnings persisted through much of the subsequent years, including notable troughs at -11.56 USD in 2014 and -11.22 USD in 2016. Sporadic positive earnings were recorded in 2015 and 2018. The trend shows recovery towards positive territory in recent years, reaching 16 and 11.14 USD in 2022 and 2023 respectively. This pattern indicates periods of both profitability and financial distress within the company.
- Price-to-Earnings (P/E) Ratio Observations
- The P/E ratio data is intermittently available but indicates varied investor valuation aligned with earnings volatility. In early 2006 and 2007, the P/E ratio was low at 6.65 and 7.5 respectively, suggesting either undervaluation or strong earnings relative to price. It spiked to 15.04 in 2008, and dropped dramatically to 1.22 in 2009, reflective of high earnings or low prices. Several years lack reported P/E ratios, possibly due to negative or negligible earnings. In 2014, the P/E ratio sharply increased to 35.89, likely due to low EPS combined with a stable share price. Subsequent ratios show declines with values of 19.48 (2018), 3.56 (2019), and very low ratios of 1.48 and 2.7 in 2022 and 2023, indicating the recent market valuation is relatively low compared to earnings. The fluctuating P/E ratio aligns with the inconsistent earnings performance and share price volatility observed.
- General Insights
- The overall data indicates a company experiencing cyclical financial performance with substantial earnings instability influencing market valuation. Periods of significant losses correspond with depressed share prices and inconsistent P/E ratios. Conversely, episodes of recovered earnings, particularly in the last few years, align with improved share prices and more stable P/E ratios. The historical financial pattern suggests susceptibility to external market factors affecting profitability, necessitating a cautious approach to valuation and investment decisions.
Comparison to Competitors
United States Steel Corp., P/E, long-term trends, comparison to competitors
| United States Steel Corp. | Freeport-McMoRan Inc. | |
|---|---|---|
| Feb 3, 2023 | ||
| Feb 11, 2022 | ||
| Feb 12, 2021 | ||
| Feb 14, 2020 | ||
| Feb 15, 2019 | ||
| Feb 21, 2018 | ||
| Feb 28, 2017 | ||
| Feb 29, 2016 | ||
| Feb 24, 2015 | ||
| Feb 25, 2014 | ||
| Feb 15, 2013 | ||
| Feb 28, 2012 | ||
| Feb 22, 2011 | ||
| Feb 24, 2010 | ||
| Feb 24, 2009 | ||
| Feb 27, 2008 | ||
| Feb 27, 2007 | ||
| Feb 28, 2006 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Materials)
United States Steel Corp., P/E, long-term trends, comparison to industry (materials)
| United States Steel Corp. | Materials | |
|---|---|---|
| Feb 3, 2023 | ||
| Feb 11, 2022 | ||
| Feb 12, 2021 | ||
| Feb 14, 2020 | ||
| Feb 15, 2019 | ||
| Feb 21, 2018 | ||
| Feb 28, 2017 | ||
| Feb 29, 2016 | ||
| Feb 24, 2015 | ||
| Feb 25, 2014 | ||
| Feb 15, 2013 | ||
| Feb 28, 2012 | ||
| Feb 22, 2011 | ||
| Feb 24, 2010 | ||
| Feb 24, 2009 | ||
| Feb 27, 2008 | ||
| Feb 27, 2007 | ||
| Feb 28, 2006 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).